Currency misprints can transform ordinary banknotes into coveted collector’s items, often commanding prices far exceeding their face value.
Among U.S. currency, the $20 bill has had its share of intriguing errors. Below, we delve into four notable misprinted $20 bills that could be hiding in plain sight within your wallet or cash drawer.
1. The “Del Monte” Note
Perhaps the most famous of all misprinted $20 bills is the 1996 series note known as the “Del Monte” note. This bill features a multicolored Del Monte banana sticker that became affixed during the printing process, resulting in part of the Treasury seal and serial number being printed over the sticker.
Discovered by a college student in Ohio who received it from an ATM, this note has changed hands multiple times, fetching $10,100 in 2003, $25,300 in 2006, and an astounding $396,000 at a 2021 auction, setting a Guinness World Record for the most expensive error banknote.
2. 1977 $20 Federal Reserve Note with Missing Back Printing
In 1977, certain $20 Federal Reserve Notes were released without any printing on the reverse side. This error, known as a “missing back printing,” occurs when the sheet skips the printing process for one side.
Collectors highly prize these notes due to their rarity. One such note from the Chicago Federal Reserve Bank, graded as Very Choice New-64 PPQ by PCGS, has been listed for sale at $583.
3. 1996 $20 Federal Reserve Note with Offset Printing Error
Offset printing errors happen when ink from one side of the note transfers onto the other side, creating a mirror image. A notable example is the 1996 $20 Federal Reserve Note where the front print is replicated on the back.
Such errors are visually striking and sought after by collectors. An uncirculated example of this error has been listed for $590.
4. 1981 $20 Federal Reserve Note with Overprint on Back Error
In some instances, the overprint (which includes the Treasury seal and serial numbers) is mistakenly printed on the reverse side of the note.
A 1981 $20 Federal Reserve Note exhibiting this error, graded as VF 35 EPQ by PMG, has been offered for $440.
Summary of Notable Misprinted $20 Bills
| Year | Description | Notable Sale Price |
|---|---|---|
| 1996 | “Del Monte” note with banana sticker | $396,000 (2021) |
| 1977 | Missing back printing | $583 |
| 1996 | Offset printing error | $590 |
| 1981 | Overprint on back error | $440 |
Identifying Misprinted $20 Bills
To determine if you possess a valuable misprinted $20 bill, consider the following steps:
- Examine Both Sides Carefully: Look for anomalies such as missing prints, misalignments, or unexpected images.
- Check Serial Numbers and Seals: Ensure they are correctly positioned and not overlapping or printed on the wrong side.
- Consult Experts: If you suspect you have a misprinted note, seek evaluation from professional currency graders or numismatic experts to ascertain its authenticity and value.
Misprinted $20 bills are rare treasures that can be worth significantly more than their face value. By staying vigilant and examining your currency closely, you might discover one of these valuable errors in your possession.
Whether you’re a seasoned collector or a curious individual, the world of currency misprints offers a fascinating glimpse into the complexities of banknote production and the allure of numismatic rarities.
FAQs
How do misprints occur on currency notes?
Misprints can result from various errors during the printing process, such as misaligned plates, ink smears, or foreign objects obstructing the print. These mistakes lead to anomalies like missing prints, offset images, or overprints on the wrong side.
Are misprinted bills always valuable?
While many misprinted bills are sought after by collectors, their value depends on factors like the rarity of the error, the bill’s condition, and demand in the collector’s market. Not all misprints guarantee a high premium over face value.
Where can I sell a misprinted $20 bill?
Misprinted currency can be sold through online auction platforms, numismatic shows, or by contacting currency dealers specializing in error notes. It’s advisable to have the bill authenticated and graded by a professional service to maximize its potential value.