2001 $1 high number cut note

Found this in circulation today. Not worth much but still a neat find.

 

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I don't understand what is unusal about this note. It looks like a plain old $1. bill...

 

It came from a sheet that was sold as a uncut sheet. Someone cut the sheet up after they received it from the BEP.

 

nice find, i'm still looking for one of thous in circulation

 

Serial numbers above 96000000 are not used (except for sheets sold to collectors); so for example B96000000A is followed by B00000001B.

 

Looks like someone took a bite out of the that Big Apple note!! Upper right area...LOL


RickieB

 

Looks like an interesting find. I'd keep it for sure.

I always wonder about notes like these. Did someone who was a collector become hard up and cut them...or is it more likely that someone stole the sheet from a collector and cut them up to use. Who knows...

 

Cool!
I have yet to find a note from an uncut sheet!

 

I knew the big B would get your attention RickieB That big bite maybe why someone decided to cut the sheet?

RichieB16 - It could also be an inherited item and the person that received it figured it was just easier to cut it up and spend it.

Keep looking and I'm sure you and helpmeplease will find one! This is the third for me and I really don't handle all that much hard cash.

Thanks guys - it's safely tucked away.

 

Actually,

I start to wonder if these notes are the result of someone cutting up a sheet to get the perfect 70 PPQ. After you cut the 70 PPQ, I'm guessing the adjacent notes will not able to get anything close to that and just get spent at face value.

 

While many of these suggestions have probably happened from time to time, I'm guessing that most of the uncut-sheet notes in circulation probably got there in ways that never involved a collector at all. I've heard of people with too much money on their hands buying sheets from the BEP to use as gift wrap, for example. The recipient would presumably cut up and spend the sheet afterward....

 

Man...would I love to a present form those kind of folks...LOL

RickieB

 

Lol - Me Too!

 

I can see it now, $100 worth of wrapping paper for a $10 pair of shoes. Remember, those same people are penny wise, dollar foolish.

 

For example, this link seems to have been making the rounds lately. Good timing, that....

 

Eh? This is the first time i've heard of this. I understand the law states that you can't deface the bill so long as your intent is to not benefit financially (i.e. Not make it into a higher value note or alter it to sell as a collectors item).

 

You're both going to make me dig. My understanding was that it was illegal to make it unfit for reissue.

 

Found it

TITLE 18 > PART I > CHAPTER 17 > § 333
§ 333. Mutilation of national bank obligations

Whoever mutilates, cuts, defaces, disfigures, or perforates, or unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, or Federal Reserve bank, or the Federal Reserve System, with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both.

 

disfigures is kind of open ended. Its left open to any person to come to their own conclusion. Would that mean with ink, pen or maker? Or even paint? and then the intent part .... "with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued" .... so if i use a black permanent maker to color the entire face and reverse in solid black with the intent to use it as a magic trick... then its ok.

So the wheres george stamps. Does the feds pull them notes that are stamped as being unfit for circulation? If so, now that the folks who stamps notes KNOW they are pulled... does what they do not make it illegal, because now they know?

Leave it to the US govt to make a statement that is ambiquitous

 

I interpret it to mean that if the condition no longer allows it to be used then it violates the law. A stamp does not do that but in your example of coloring the entire note in I would say it does as you could not easily discern the denomination. Used as wrapping paper I do not believe that the intent is to render unfit but just the opposite - to be cut up following unwrapping and used as currency. I do agree that the government has given everyone the ability to interpret to a certain extent. There is no clear line.

Thanks for the look-up Gatzdon.