Every paper money collector should have the short-lived “Web Note”. From 1992-1995, hoping to reduce the cost of making paper money, the Bureau of Engraving and Printing produced 1% of all 1988A, 1993, and 1995 $1 notes with an experimental web-fed press. These notes were printed on both sides in pass through the printer, while standard sheet-fed press printed the faces and back separately and required more labor.
“From 1992 to 1996, the BEP experimented with printing $1 notes on a web-fed intaglio printing press at the Washington, D.C. facility. This press
was intended to speed production by printing both sides of the notes in a single pass, on a continuous roll or “web” of paper rather than the
individual 32-note sheets used by the standard presses. The roll was then cut into standard 16-note sections to allow the serial numbers and seals to
be overprinted on the ordinary COPE lines.
Web-press $1’s exist in Series 1988A, 1993, and 1995, as testing went on for several years. Unfortunately, many of the notes printed on the web
press were of rather poor quality; and the press itself was unreliable, experiencing frequent breakdowns. The BEP therefore abandoned the webintaglio
printing process. A total of 309,120,000 web notes were printed in all three series combined, or about eight-tenths of 1% of the total
number of $1 notes produced in these series. This number represents 47 full print runs, plus parts of two others, and one partial run of star notes.
Collectors frequently look for one web note from each run, and examples of the normal sheet-fed notes from the two mixed runs are often included
in such a set as well.
Notes printed on the web press can be identified by their lack of plate position letters and numbers. Additionally, the back plate number on a web
note is located above the E of “ONE” rather than below it.”