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Collecting Web Notes

Probably half of today’s collectors aren’t familiar with web notes. If that’s the case, they’re losing out on a facet in our hobby which could truly be rewarding a few years down the road. I sincerely believe that one day Web Notes will be as collectible as, say, the 1928 one dollar red seal United States notes are today.

Over three hundred million web notes were printed between 1992 and 1996 at the BEP’s facility in Washington, D.C. They were printed in the series of 1988A, 1993 and 1995. A web note differs from a regular Federal Reserve note in that it was printed on a press very similar to a newspaper press which uses paper rolls much like a roll of toilet tissue, but in this case the roll was 25-1/2 inches wide and 24,000 feet long! Web notes have subtle differences compared to regular sheet-fed FRN’s.

Our regular currency is printed on a “sheet fed press.” The web press, which cost the U. S. government (that’s us folks) twelve million dollars, was ultimately sold to a lone bidder at auction for $105,000. This happened because there was so much down time as a result of paper tears, paper jams, and inking problems.

I recommend that if you are going to start collecting web notes you should get the book “The Standard Handbook of $1 Web-Fed Test Notes 1988A, 1993, 1995” by Bob Kvederas, Jr. & Sr. Bob Jr. can be reached at bobkv@bellsouth.net or by mail at P. O. Box 34, Titusville, FL 32781-0034. Get the book!