Explanation of As Made Wrinkle Error Paper Money

What is an "As Made Wrinkle"?

An as made wrinkle is a wrinkle that was in the paper prior to printing. This in turn cause wrinkles to be permanently embedded in the paper of the note. As made wrinkles since they were produced unintentionally during printing do not hurt the grade of the note and are not considered mishandling. 

How Does an As Made Wrinkle Occur?

Typically as made wrinkles occur when during “wet-printing”. Wet-printing is the process of printing on wet paper. Wet paper printing was has mostly been replaced throughout the world by more modern printing techniques. As made wrinkles were most prominent on obsolete US banknotes and notes printed prior to 1950 throughout the world. Since about 2010 there has been a large increase in as made wrinkles printed on CUC and CUP banknotes from Cuba. 

As Made Wrinkle on 1864 Confederate $1 Banknote

As Made Wrinkle on 2016 Cuban 3 Pesos Convertible Banknote

Explanation of Silver 1897 Cuban Souvenir Peso Varieties

How Many Varieties?

There are three recognized varieties of Silver Souvenir Pesos from 1897. In this article I will explain the differences in each and touch on different things to look for when grading/ buying these coins. 

Variety Number One "PAT. 97 on Neck / Wide Date"

Key Points
  • Krause X# M1
  • Mintage 828
  • Features PAT.97 on the base of neck
  • Features large gaps between numbers in the date 
  • NGC has certified these as “Wide Date” and “PAT. 97 on Neck”
  • PCGS has certified these as “PAT. 97” 
Strike Quality Differences in PAT. 97 Pesos
Grading PAT. 97 Pesos
  • Grading services will check the highlighted areas for rub when determining if the coin is uncirculated (MS) or About uncirculated (AU)
  • Lack of details does not imply that the coin is not uncirculated. These coins often had weak strikes which can result in missing details.
  • Nearly all souvenir pesos have a dull gray color and do not have as much luster as other .900 silver coins
  • The coin pictured is PCGS MS62 

Variety Number Two "Close Date Star Below Baseline"

Key Points
  • Krause X# M2
  • Mintage 4,286
  • Features star on right side blow the 7 in 1897
  • NGC has certified these recently as “Close Date” 
  • PCGS has certified these as “Close Date Star Below”

Variety Number Three "Close Date Stars Above"

Key Points
  • Krause X# M3
  • Mintage 4,856
  • Features star on right side above baseline of date
  • NGC has certified these recently as “Close Date” 
  • PCGS has certified these as “Close Date Star Above”

Things to Remember When Buying Souvenir Pesos

  • NGC now certifies X#M2 and X#M3 as close date and does not describe whether the coin is star above or below. 
  • It is nearly impossible to to find these with lots of visual luster and eye appeal
  • PAT. 97 is the hardest of the 3 to find.

Author

Andrew Lydic – Numismatist – E-Commerce Manager at Coinacopia

Works Cited

Images courtesy of Heritage Auctions

“Cuba.” Unusual World Coins: Companion Volume to Standard Catalog of World Coins, by George S. Cuhaj, KP                     Books, 2011, pp. 158–159.

New Jose Marti Centavos Fresh From NGC

New First Republic Coins Added to Inventory

New Cuban 1 Centavo Added to Inventory

New Mark Downs on Tons of Inventory

Be sure to check out this snapshot of newly reduced pricing. We have recently dropped prices on over 50 items be sure to take a look at our whole store for additional items we marked down.

Welcome to Coinacopia.Store! Take a moment to look around at all the wonderful collectibles we have listed on our website. All listing on Coinacopia.Store have photos of the exact item you will receive. If you have any questions certainly don’t hesitate to call us at 813-922-2646 or email us. It would be impossible to list every item on our website. If you are looking for a particular coin or wanting an item at a specific price, please contact us. At Coinacopia we specialize in being special we don’t like to keep the same boring inventory as many other dealers do. We have an extensive Cuban Coins and Paper Money inventory almost unmatched by other dealers. Therefore, if you are looking for any item related to Cuban Collectibles think of Coinacopia. Furthermore, if you have a want list send it to us and we can see if we have it in our unlisted inventory.

Rare Cuban Proclamation Medals Added to Inventory

We have recently aquired a beautiful assortment of rare Cuban Spanish proclamation medals certified by NGC. You will hard pressed to find an assortment of medals like this anywhere else on the internet. Exquisite pieces of Cuban and Spanish history. These Cuban proclamation medals have historically sold for upwards of $1,000.

 

Welcome to Coinacopia.Store! Take a moment to look around at all the wonderful collectibles we have listed on our website. All listing on Coinacopia.Store have photos of the exact item you will receive. If you have any questions certainly don’t hesitate to call us at 813-922-2646 or email us. It would be impossible to list every item on our website. If you are looking for a particular coin or wanting an item at a specific price, please contact us. At Coinacopia we specialize in being special we don’t like to keep the same boring inventory as many other dealers do. We have an extensive Cuban Coins and Paper Money inventory almost unmatched by other dealers. Therefore, if you are looking for any item related to Cuban Collectibles think of Coinacopia. Furthermore, if you have a want list send it to us and we can see if we have it in our unlisted inventory.

New Cuban ABC Pesos For Sale

New NGC Inventory Added April 1st – 2020

New Exciting Cuban Inventory Added!!!