Discussion in 'Paper Money' started by Mountain Man, Sep 22, 2020.
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That's a good question. My suspicion is that most were subsequently found before being released to the public; otherwise, I'd imagine that these error notes would be a lot more prolific than they are otherwise known to be. Even though only an overall small number of these error notes were produced, 46k+ notes would still be a lot in the collecting world.
And even if they made it out for initial distribution, I suspect they were yanked fairly quickly as suspicious documents after being run through counting machines by tellers or at international currency markets.
Did you read the article?
"But so far none of the apparently thousands of misprinted bills, which have two of the bill's clearly visible security features on the wrong side of Benjamin Franklin's portrait, have made their way into coin shops."
"So far that has happened in at least two instances. In one case, a business refused to accept a misprinted bill believing it was counterfeit. In the second case, banks which get their currency from the New York Federal Reserve Bank returned $33,000 in misprinted $100 bills."
Yes.. But I meant have any other been located from 1997 to now? Or is this a closed case?
Yes, we know? As of the article's printing in 1997, none of these notes have turned up in coin shops.
$33,000 worth comprises only 330 $100 notes, or 0.7% of 46,000 bills. So as of the article's printing, 331 notes had been discovered by the public. What we want to know is what came about with the remaining 45,669 notes since then?
I think due to the difficulty in detecting these notes, many go undiscovered. I would bet that most minimum wage clerks wouldn't alert to their verifier if one came through. I'm not sure how the newest verifiers work, but would they read the bill as authentic, even with the security items being reversed?
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