One form of paper money error is not always noticeable at first
glance. In fact, you have to look at two of a note’s individual
elements to detect that something is wrong — that the note has
mismatched serial numbers.
A Series 1976 Federal Reserve note is among the error notes to be offered in Stack’s
Bowers Galleries’ U.S. paper money auction to be held in conjunction
with the American Numismatic Association World’s Fair of Money in
Denver the first week of August. While a casual look at the note might
lead the observer to conclude that the note is perfectly normal, a
closer study reveals that it is an error note with different serial numbers.
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The serial number at the lower left of the face reads B 59208497 A;
the serial number at the upper right reads B 59208597 A.
The prefix letter “B” identified the note as overprinted for the New
York Federal Reserve Bank, while the suffix letter “A” identifies it
as being from the first “block” of sequence of notes printed (the
suffix letter is advanced each time the serial numbers reach their limit).
The green and black overprinting of the serial numbers and Treasury
seal and the Federal Reseve District numbers and seal is applied at
the final stage of a note’s production, after the faces and backs are
printed. A stuck serial number wheel probably accounted for the
one-digit difference between the two serial numbers.
We examine an unusual example of ‘machine
Another column in the July 24 Coin World examines a VAM marriage
that deserves better.
Here is the Stack’s Bowers lot description for the error note:
“A desirable Two Dollar error note that shows with a single digit
mismatch of the serial numbers. Still pleasing embossing is seen
through the holder leaving us curious as to why an ‘EPQ,’ designation
was not applied.”
The note is graded Choice Uncirculated 64 by Paper Money Guaranty,
but does not bear an “Exceptional Paper Quality” designation as the
The note has an estimate of $500 to $700.