Fr. 1917-F $1 1988A Federal Reserve Web Note. Mismatched Suffix F-*/F-L PCGS Extremely Fine 40PPQ.. ... Error Notes: Major Errors

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Lot: 14841
Auction: 3502

Fr. 1917-F $1 1988A Federal Reserve Web Note. Mismatched Suffix F-*/F-L PCGS Extremely Fine 40PPQ.. ...

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Sold for:	Sign-in or Join (free & quick) (includes BP) Bid Source: Live: Floor
Ended:	Sep 18, 2008
	Printable Version of Prices Realized for this Auction

Buyer's Premium:	15% of the successful bid (minimum $9.00 per lot)
Auction Name:	*2008 September Long Beach, CA CAA Signature Auction #3502*
Description:	Heritage Numismatic Auctions offers currency in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type:	Currency Auctions of America - Heritage Signature: Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.) This lot is in: Currency Auctions of America - Heritage Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 12001-16154) Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.
Item Activity:	5 Internet/mail bidders, 1,428 page views

Description

Fr. 1917-F $1 1988A Federal Reserve Web Note. Mismatched Suffix F-*/F-L PCGS Extremely Fine 40PPQ.
This may well be the ultimate web note error. It was saved by pure happenstance by a bank teller who placed the occasional odd item that came across her window in an envelope. Included in these "odd items" were a number of web notes, with the notation on the envelope that the web notes were "different." Many years later her daughter found the envelope and examined the notes to see why they were different. By the purest serendipity she noticed that the serial number on both sides of all of the notes were identical...save for one, which contained a star suffix on the left side and a letter suffix on the right side. Further research indicated that this note was printed during the F-L run, but does not bear a serial number in the star range. We can not explain how this error was created, although a number of causes have been advanced, but we do know that in the nearly two decades after the release of these notes that this is unique as a star/regular mismatch. Offered here for the first time to the collecting public, it stands as easily the most desirable web note ever to cross the auction block. Any estimate for this unique item is merely a guess, but if rarity and desirability are any guide, expect bidding to easily rise to the level of... Estimate: $15,000 - $25,000.

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Auction 3504, Lot 12827	Friday, January 9, 2009	$1,750.00

Previous Prices from Heritage Auctions
Lot	Date	Realized
Auction 3502, Lot 14840	Sunday, September 21, 2008	$2,300.00
Auction 3502, Lot 14843	Sunday, September 21, 2008	$6,325.00
Auction 3502, Lot 14844	Sunday, September 21, 2008	$6,325.00
Auction 3502, Lot 14845	Sunday, September 21, 2008	$6,325.00
Auction 3502, Lot 14839	Sunday, September 21, 2008	$17,250.00
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