New $100 top sheet error cut

Discussion in 'Paper Money' started by carlos julian, Feb 21, 2014.

  1. carlos julian

    carlos julian New Member

    Found this one, it should belong to the top of the sheet because there is no other bill on top and its a nice error in cut. Need help on knowing if it would be worth anything.
     

    Attached Files:

  2. Avatar

    Guest User Guest



    to hide this ad.
  3. RedRaider

    RedRaider Well-Known Member

    I would guess that will have a premium associated with it. The excess paper on the top should not be there. Im no expert on paper currency, but that is definitely not supposed to be there.
     
    Endeavor likes this.
  4. funkee

    funkee Tender, Legal

    Yes, it would have a decent premium. There haven't been too many errors found in circulation, primarily because the faulty print runs are still in the hands of the BEP.

    BEP employees were going through these bad notes by hand, and eventually they'll make it into circulation. Not all errors will be caught and a significant number of errors will flood the market, driving the prices down.

    Before those make it into circulation, sell this note and sell it fast. This note may very well be the first note of a brick, based on the serial number. It should bring $350 to $500. That line drawn on it, is a rejection mark. So this bill made it out of the BEP through an employee.

    Although it has folds, those folds may have originated in the BEP in a paper jam while the sheet was being cut. If you send it in to PMG or PCGS, it should come back with a higher grade than the note first seems.
     
  5. vdbpenny1995

    vdbpenny1995 Well-Known Member

    I agree. Its definitely worth more then $100. If your looking to sell it, now is the time.
     
  6. carlos julian

    carlos julian New Member

    Thanks guys, it came out from the bank though
     
  7. Ed Sims

    Ed Sims Well-Known Member

    That won't make much difference on how it will grade. With all of the problems of the initial 2009 series the BEP got very tight on their quality control and the result is that there are precious few star notes for series 2009 A. By now all of the major currency dealers should have had them in quantity but they don't and the Feds typically don't hold those back if they are requested. You will have time to send to a grading service to have it authenticated and if you are not going to keep it being in that holder you'll maximize your profit. Great find, with that kind of luck you might want to buy a lottery ticket or two.

    As funkee said, this had to have left the BEP by an employee. He/she was probably a mid level supervisor or manager who may or may not have paid for it.
     
  8. Tater

    Tater Coin Collector

  9. Numbers

    Numbers Senior Member

    I'm very confused by some of the comments in this thread....

    The bills that have to be re-inspected for errors before they can be issued are the 2009 $100's; none of those have been released yet. This bill is a 2009A $100, the series that was printed after those startup problems were fixed. It's just a routine cutting error of the sort that can occur occasionally in any series.

    I don't see a "line drawn on" the bill in the OP's images, or anything else resembling a BEP rejection mark.

    Even when an error bill does have a rejection mark, that doesn't mean some BEP employee spirited it out of the BEP. It means the bill was marked for removal, but the final inspector failed to notice both the error *and* the mark, and so the bill was issued into circulation anyway.

    I don't believe there's ever been a case of a BEP employee sneaking out errors to sell to collectors--and there *certainly* hasn't been a case of the BEP deliberately allowing employees to buy errors. There was a guy who managed to steal a few sheets of partially printed $100's a few years back, but he spent them, mostly at casinos where he could put them into machines that wouldn't notice the bills' lack of serial numbers. And I believe he got a long enough jail sentence that nobody's going to try it again any time soon.

    Series 2009A stars are not scarce; well over 40 million had been printed by the time the new $100's were first issued. The series is about 1.3% stars so far--actually somewhat higher than a typical series, though far lower than the fiasco that was the Series 2009 $100 (those came in at over 6% stars).

    Also, a serial number ending in 000 is the *last* note of a bundle, not the first.
     
    NOS likes this.
  10. Ed Sims

    Ed Sims Well-Known Member

    Where are they then? Because there aren't any on the market in any quantity. Being printed does not necessarily mean they will be used as replacements or issued for circulation.
     
  11. funkee

    funkee Tender, Legal

    True. The note is the last of a brick. What looks like a rejection mark is the line coming from the lower left corner of the face up into the left serial number. From my understanding both the 2009 and 2009A series were both getting heavy scrutiny, due to the printing faults, despite 2009 seeing the bulk of the problems. Even though this is a cutting error on a 2009A, I find it hard to believe it would've been missed considering the heavy QA on the 2009 series. Therefore I believe it was smuggled out by a BEP employee.
     
    Ed Sims likes this.
  12. lettow

    lettow Senior Member

    Funkee:

    1) What you claim is a rejection mark is a fold. That is clear from the image of the back.

    2) Your theory about this note having been spirited out by an employee makes no sense. The OP received this note from a bank. Apparently, your BEP employee was smart enough to smuggle this out of the BEP and then spent it? Really? Or did the BEP employee's son/grandson/godson/addict cleaning lady find it and spend it?
     
    NOS likes this.
  13. funkee

    funkee Tender, Legal

    I see now that it's a fold. I concede. :oops:
     
  14. SeberHusky

    SeberHusky Member

    That strip on the top would be the printing color code chart for the entire sheet.

    You can see it in original form here (on newer bills):

    [​IMG]
     
    NOS likes this.
  15. SteveInTampa

    SteveInTampa Always Learning

    If the selvedge at the top of the OP's note make it a error note, would this be considered an error sheet ?

    [​IMG]
     
  16. SteveInTampa

    SteveInTampa Always Learning

    Or this star sheet ??

    [​IMG]
     
  17. Numbers

    Numbers Senior Member

    First of all, why is this nine-month-old thread back on page one? o_O

    As for the uncut sheets: they're uncut sheets. They're supposed to have selvage (though exactly how much does vary over time and by denomination).
     
Draft saved Draft deleted

Share This Page