Web-note researcher needs help with serial number confirmation of 1988A $1 FRNs

Readers Ask column from the March 9, 2015, issue of Coin World
By , Coin World
Published : 02/26/15
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As a longtime subscriber to Coin World, and reaching a “dead end” on a serial number census of confirmed/known Series 1988-A $1 FRN third print on back “web” note errors, I am reaching out to my fellow readers for additional help. 

I have compiled serial number information for the only two 16-subject sheets known for the overprint-on-back web-press error notes. Some 20-plus years after their printing, only five notes from each sheet are confirmed.

Any help from other collectors would be greatly appreciated.

Vernon Peterson / vernonpeterson@gmail.com

Here’s a bit of background on Peterson’s topic. In July 1992 the Bureau of Engraving and Printing began printing Series 1988A $1 Federal Reserve notes on the experimental Alexander Hamilton web-fed intaglio currency press. 

“Web notes,” as they came to be known, were printed on a continuous roll (or web) of currency paper, unlike the standard sheet-fed presses, thus their nickname.

The Series 1988A web notes were released into circulation without much fanfare. Series 1993 and 1995 $1 notes soon followed. Only $1 notes were ever produced on the web press, which was located at BEP headquarters in Washington, D.C. 

The web notes are easy to distinguish from notes printed on the BEP’s sheet-fed presses. Web notes lack the face plate location number and the check letter that are found in the upper-left corner on the faces of notes printed on sheet-fed presses. 

A check number appears in the lower-right corner of the face of the web notes. On sheet-fed notes, a check number appears in approximately the same location, but the number is preceded by a letter. 

On the back of web notes, the plate number appears above the E in ONE, rather than below it as on sheet-fed notes. 

As for Peterson’s reference to an overprinting error, the seals and serial numbers were printed on the backs of the notes by mistake.

Anyone who could help Peterson may contact him via email.

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