| Web note | |
|---|---|
Series 1993 Web note. |
|
| Country of production | United States |
| Location of production | BEP Washington D.C. Facility |
| Date of production | 1992 to 1996 |
| Nature of rarity | Experimental press run |
| Estimated existence | Unknown |
| Face value | $1 |
| Estimated value | US$2 - $1,300 |
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 totally new idea.
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 used flat sheets. The affected notes are dollar bills from Series 1988A to Series 1995. They are legal tender and are not considered error notes, although they are valuable due to their rarity.
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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. Alexander-Hamilton Web Currency Press was a true web currency press.
There are several differences between the two types of presses:
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) sheet fed method of intaglio printing, resulting in constant breakdown. In addition, the quality of the prints were subpar compared to the established method. Due to these factors, the web press was discontinued in July 1996.
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 a sheet fed note.
The red box indicates the face plate number on a web note, which is near the bottom right corner, where the blue boxes indicate the face plate number in the bottom right corner and a position indicator number in the upper left corner on a sheet-fed note. Also, on sheet fed notes, the plate numbers are preceded by a letter; in some cases FW may precede the letter on the lower right corner; this indicates that the note was printed at the BEP facility at Fort Worth, Texas.
On the web note, the back plate number is just to the side of TRUST in the motto IN GOD WE TRUST (red box). On the sheet fed note, the back plate 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 |
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.
Portions of this article use material from the Bureau of Engraving and Printing website, which is in the public domain.