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 / email@example.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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