$1000 bill star note

What kind of shop was it? Pawn shop? Antique Shop? 7-11?

I'm curious just how good a 'fake' this note is because if they did a really good job on it, you can bet they didn't waste their time making just ONE copy of that note! I'd be careful contacting the police...there's always that chance they'll confiscate it and you'll wind up with nothing or having to pursue a legal case against the dealer. Much easier to try to get a refund first. Also, as far as I know, it is illegal to possess counterfeit currency, regardless of your intentions. Only exceptions are old notes which are no longer legal currency. I know some people do get away with counterfeiting old large size notes like the "Laze Deuce", but if the secret service really wanted too, they could even go after anyone holding those.

Anyway, good luck and do keep us posted.

 

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RickieB,

No harm, no foul! I just wanted to clarify for the rest of the users that I'm not playing a joke and I didn't just sign up to start controversy, nor did I have anything to do with the production of this note. I will be alerting the authorities concerning this note because I don't want this to happen to someone else. Just be careful of calling someone a fraud just because they post something, I was overwhelmed with excitement with the news of the purchase and now I'm out money and note. Like I said no harm no foul with your post, I will let you know what authorities have to say when I can.

 

Sorry to say it was an Antique/Pawn shop, like a Mom and Pop shop. The note was pretty good reproduction if it fouled my Dad. He looked at it through the plastic cover it was in and it had fiber colors in it and look legit. It had a small bit of writing on it which might have drawn more of his attention too. As far as it being illegal to posses I went of the US Code I think 18 and the court ruling involving possession with no intent to distrube and they sided with the person. However making and trying to sell is totally different, none the less it's a gray area and I don't want any part to include possessing. I also thought the same thing you did, if it such qualitity that you can not look and tell it is fake it's probably not the only one. Like I said a regular note was put beside it and the size was the same, it had fibers, but once it came out of the slightly colored holder the color was a fraction lighter than the other note.

 

do you have any police officers that are family friends???

You might have your dad take them with him... even bad people are likely to do the right thing then...

 

Not in that City, just so everyone's knows where the bill originated at...It came from Tupelo Mississippi... if anyone out there might be in the area and have a cop friend they could call? They are on the way back to Tupelo this morning to see what unfolds.

 

Some notes are lighter than others so I'm not sure that would be a tip off that it was fake...especially if you're not comparing it to another 1934 series note. Was it possible to tell if the fibers were actually in the paper or just a good reproduction that was also 'printed' on to the paper? If it's really that good of a counterfeit it would almost make me question the authenticity of the one that was auction off, however I'm 99% sure PMG would have caught that and given the difference in margins I'd say that's not an issue here. Is very interesting though...

 

Alright time for an update. I will try to keep this as short as I can, but get all the info that I know on it. My dad had some success in getting my money back. It was two guys in the shop when he went in and told them I wanted my money back and the ask the question why. He told them we felt really strongly that it was counterfeit and wanted to know where it came from. The first guy said they got it at the bank. Now we all know they quit making them in 1934 and the govt had the banks to start sending them in to be destroy in late 1966 so no bank is going to have one unless it's the owner and you want get it from him (more than likely). The second guy says no we got it from a dealer in Illinois (highly unlikely a currency dealer is going to pass it right). So they proceed to tell him they will give him the money back but they don't have enough cash in the store, so Dad said give me what you have and we will see what else you have to buy. Now at this point he is just trying to get my money's worth. They came up a few hunderd short and told him they had a 1878 7 tail feathers reverse 1878 graded by NAC MS66 they would give him if we would except it and their apologies. To make it short he took the coin, but I don't know much about NAC grading so I hope this grade holds up. If I can get pics I will. After he called with the news I called Secret Service out of Jackson, MS and turned the store and note in. They took the info about the other that sold for $37,500 and the one they had, series, serial number and so forth and said they would investigate it. So I did get my money back and turned it in too. Dad felt they were a little iffy about the bill and I think they knew something about it. I did my duty in turning them in, its up to SS to do the rest. I wish it were some way to follow up on the bill. I might give them a call back sometime to see if they will tell me anything about it. The number is 601-965-4436 for secret service and the store is City Pawn (found that out too) in Tupelo Ms phone 662-844-0003. If anyone else would like give them more reasons to investigate, but they said they would.

Thanks for everyone's info and help with this one.

 

Glad it worked out. You're lucky they didn't offer your dad two $500 bills with matching serial numbers in exchange for the $1000. That said, I think you need to go to the coin forum and post a picture of that coin.

You know, if it wasn't for those closer margins in the photo you posted, I'd wonder if the origin of that $1000 couldn't have been something like this:

http://www.firstcoastnews.com/news/strange/news-article.aspx?storyid=132163&catid=82


Regardless, counterfeit or stolen, you wouldn't want anything to do with it!

 

I wouldn't have taken the coin... NAC is a no name grading company... the grade means absolutely nothing and it is most likely either cleaned, not uncirculated, or both...or worse... I would have waited for them to go to the bank and get the cash... just from experience the coin is prob worth less then $100 if it is in an no name grading company 66 holder... of course pictures are needed to be sure... but i'd bet...


I guess it is better then a 3 grand loss...

 

You might want to read this article...
http://www.tbrnews.org/Archives/a2921.htm#001

Looks like many fake Morgan's are coming out of China, including 1878 7 tail feather varieties....they are even faking the grading slabs.

 

Dutchman,

I feel the same but at the time when I could get most of my money back that's what my Dad did. I would have done the same in the situation...Get money in your hands as quick as you can. Regardless what the coin grades I feel lucky to get all but a couple hundred dollars back. Now I looked up NAC and they are no name but if the coin holds to a fraction of the grade and stays MS I'm not out that much and if it holds to MS 64-66 I'm not out anything. But I'm like you I wouldn't trust anything they had EVERY AGAIN.

 

I agree with LostDutchmen. Even 'IF' the coin is worth much less then the $300 paid. You did get most of your money back AND learned a very valuable lesson. If you lost a few bucks, thats ok as you did get most of it back.

 

The ever present numismatic "tuition"... sigh...

Thanks for providing the name of the store.. that might help someone down the road.

 

I read the article Dursin and it with the luck I had with them it might be fake as well LOL. You could take it out of the case to weigh it but then you would have their grade anymore...Double edge sword.

Regardless If the coin is real or not... lesson learned. In 10 years of coin collecting this is the first encounter (that I know of anyway) that I came in contact with a fake or lost money on a deal (what I call lost money anyway LOL) I'm very happy to get what I got back and I will post pictures when I get them and that might be another hot topic.

 

You know Dursin after reading that article about the counterfeits and PCGS having been counterfeited as well wouldn't it be a hoot if I had the real one and the fake sold for 37,500.

I don't even want to think about that one.

 

I wouldn't worry about cracking open an NAC slab.
http://reviews.ebay.com/NAC-NUMISMATIC-AUTHENTICATION-COMPANY_W0QQugidZ10000000004895610

 

never believe the plastic... grade it for yourself and i agree, i seriously doubt its a true ms66 coin

 

I really doubt it. I went and looked at a bunch of other $1000 billson eBay and they all had margins similar to the Jupiter Collection one that was auctioned by Heritage. None had narrow margins like the one in the photo you posted. Also, that one was graded by PMG, not PCGS. I not really a big fan of paying to have notes graded, but if I was I'd probably go with PCGS because you can enter the certification number on their web site to validate that it was actually graded by them. Won't catch everything as a person could also counterfeit that as well, but it helps.

 

I seriously doubt that the note in the Juipeter Collection was a fake!!
I would have never taken a coin in exchange for any part of the $$$ paid for that note.
I am sitting here in the Providence , R.I. Airport shaking my head on this one!!

All I can say is what I said before... READ, READ and READ some more before you get into something you know nothing about!!

I am happy you at least got some money back....WOW!!

RickieB

 

I would have really been worried if they offered two 500 dollar bills with the same serial number.

They did offer him a 1913 V nickel instead. LOL

Just kidding but that is par for the course with those guys.