Web notes

Last updated

Web note
(United States)
Value1 $
Years of printing1988,1993,1995
Nature of rarityExperimental press run
Estimated valueUS$2 – $1,300
Obverse
1993WebNote.jpg

Web notes are a type of United States currency named after the "web printing production" method of printing on continuous rolls of paper. There are several types of web printing production methods, including offset, gravure (intaglio), flexography, etc. However high-pressure web intaglio printing, front, and back of the intaglio process was a new idea.

Contents

Between 1992 and 1996, the Bureau of Engraving and Printing experimented to see if a web press that used continuous rolls of paper was quicker and cheaper than intaglio printing, which uses flat sheets. The notes produced were dollar bills from Series 1988A, Series 1993 and Series 1995. As the press was in the Washington facility, no web notes were printed at the Fort Worth plant. They are legal tender and are not considered error notes, although they are somewhat scarce and more valuable than bills produced by the sheet-fed method.

List of notes

The following is a list of web-printed notes and their serial number blocks:

1988A

1993

1995

Intaglio web press versus intaglio sheetfed press

In May 1991, the Bureau of Engraving and Printing (BEP) installed a web press at the Washington, DC printing facilities to test a new way of printing $1 bills. BEP officials hoped that the test would replace the sheet-fed intaglio presses by switching to a possibly quicker and less expensive method of printing. The Alexander-Hamilton Web Currency Press was a true web currency press.

There are several differences between the two types of presses:

Intaglio (standard)

Web press (experimental)

The continuous-roll printing process (Web offset) is visually very similar to the printing of newspapers, whereas intaglio visually resembles metal stamping manufacturing methods.

Problems arose with the web press. The main drawback was its inability to sustain long continuous runs compared to the standard (Giori) sheetfed method of intaglio printing, resulting in a constant breakdown. In addition, the quality of the prints was subpar compared to the established method. Due to these factors, the web press was discontinued in July 1996.

Identifying web notes

A currency note that was printed on a web press (referred to as a web note) can be identified by two distinct characteristics.

The following images illustrate the differences. The top note in each image is a web note; the bottom note is sheetfed.

WebNoteRegularNote.jpg

The red box indicates the faceplate number on a web note, which is near the bottom right corner, while blue boxes indicate the faceplate number, in the bottom right corner, and a position indicator number, in the upper left corner, on a sheet-fed note. Also, on sheetfed notes, the plate numbers are preceded by a letter.

WebNoteRegularNoteback.jpg

On the web note, the backplate number is just to the side of TRUST in the motto IN GOD WE TRUST (red box). On the sheetfed note, the backplate number is to the lower right corner of the central white space (blue box).

Web notes were made for three series of dollar bills.

Series Treasurer of the United States Secretary of the Treasury
1988A Catalina Vasquez Villalpando Nicholas F. Brady
1993 Mary Ellen Withrow Lloyd Bentsen
1995 Mary Ellen Withrow Robert Rubin
Several web notes from the Series 1988A B-L block showing varying signs of circulation. WebNoteNYBL.jpg
Several web notes from the Series 1988A B-L block showing varying signs of circulation.

Key issues

Of the series, Series 1988A bills hold the two key issues (issues with the most collector value).

Notes of the New York FRB and the Atlanta FRB are the two keys. FRBNY used the B-L serial number block, while FRBA used a Star Note serial number block (F-*), with the specific serial numbers in place of the dash. While an accurate print run has never been disclosed by the BEP (as the figures were combined with the intaglio runs), estimates are 1,920,000 notes for the B-L serial number block for the FRBNY, and 640,000 for the F-* serial number block for FRBA.

FRBNY B-L notes can fetch from $300 for circulated examples, to $1,300 for uncirculated examples. FRBA F-* notes can fetch from $600 for circulated examples, to $1250 for uncirculated examples. 1988A notes from other districts, and later series, are considerably less valuable.

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References

Portions of this article use material from the Bureau of Engraving and Printing website, which is in the public domain.