A Series 1969A $1 Federal Reserve note with solid-zero serial
numbers will be offered in the Jan. 8 to 14 Heritage Currency
Signature Auction at the Florida United Numismatic convention in
The note is graded Choice Uncirculated 64 by Paper Money Guaranty
and is expected to sell for $50,000 or more, according to Michael G.
Moczalla of Heritage Auctions.
The note “originally came to light at the 1973 [American
Numismatic Association show in Boston],” Moczalla said. “The note was
originally discovered by Tom Morrissey who was very involved with the
ANA at the time of its discovery.”
Morrissey, who died in 1977, started working for the First
National Bank of Boston in 1955, according to an article published
Aug. 24, 1972, in the Town Crier in Tewksbury, Mass.
While working at the bank he frequently looked through new
shipments of notes, and one day while looking through a “brick” of
4,000 notes, Morrissey found a Series 1969A $1 FRN with serial number
A99 999 999A. Directly behind it was the Series 1969A $1 FRN with
serial number A00 000 000A with a vertical red ink streak near the
right side of the face of the note.
The red mark was an alert to printers at the Bureau of Engraving
and Printing to remove the note because at that time notes with all
zeroes in the serial number were removed and burned.
“To my knowledge this may be the only regular issue Federal
Reserve note exhibiting a solid zero serial number,” according to Moczalla.
Included with this lot are the inside and outside package labels
that accompanied the “brick” and indicated the serial number range of
the 4,000 $1 FRNs enclosed.
Contact Heritage Auctions online at www.HA.com. ■