I work for a casino and reciently several misprinted 100 dollar bills came through without serial numbers and seal on them. They are 2003 A bills. A local collector has been paying 400.00 each for them. I was contacted by my boss saying the secret service wanted to have my bill and was collecting everyone elses. They are saying the bills are stolen from the ment due to the bills looking like they are hand cut with sissors. I contacted secret services and the man told me i would hear from him that day and never called. just curious what i should do with this bill? should i call him back or just sit on the bill with hopes he doesnt call me? Please give me your opinion, I am not really a collector but I do know the bill is good and it has to be worth something.
Is the serial number on the back? Honestly, I'd take that guy's $400 even though I'm sure these bills are worth more that 400 a pop. Then, it's not your problem it's his. Please wait for other replies also.
no there is no serial number on bill at all not on the front or back there is no seal on the bill either but it has all the security features that a regular bill has
Either sell it or sit on it. The Bureau of Engraving and Printing has publicly said that they are NOT missing any notes. I think there is a Secret Service agent out there who is seeing a note that is obviously genuine, but not like a normal note, and has jumped to the conclusion that if it is real but isn't normal it must have been stolen. The only way he could find out if it WAS stolen would be to ask the BEP if they are missing any, and they say they aren't. So I would say they pobably AREN'T stolen.
It is unusual for a note to escape the entire third printing (seals and serial numbers). Usually it's either printed on the back or is "albino" - printed without ink, but with the impressions from the press there and visible. It's even more unusual for a large number of notes in sequence to escape entirely the third printing. The third printing is where legally a note becomes legal tender, and the accountancy of the sheets becomes even stricter. It has happened that imperfect sheets of notes that have gone through the first and second printings and are slated for destruction have been stolen, but this isn't the case here, as the notes have entered circulaton through normal channels. They are definitely legal to own. They are worth more than face value to collectors, 'though $400 seems a little steep when so many are found at once. (Re-reading the article, I notice they are supposedly poorly cut, as if by hand. If that's the case, they are most likely stolen or otherwise illicitly acquired)
in your response you state that so many were found at once. the newspaper article was wrong. there were only approx 10 or maybe 15 found. but yes they were found at once. for the most part we were getting them out of the bill breakers and atm machines when they had to be reconciled. there were a few that came in from the bank this way. they are cut with sissors it looks like. they dont have the same strait edge as a regular bill seems to have. my thoughts on this is that there has not been any report of stolen money so how could it be stolen?
They aren't "money" yet if they didn't go through the third printing. If they are cut apart with scissors, they most likely are from imperfect sheets that went through first and second printing, then got condemned to be destroyed for their flaws, then were lost or stolen before destruction was completed. For something to be reported as stolen, it first must be missed. If these sheets were wrongly reported as being destroyed, they won't be missed.
I say sit on it for a while. If anyone asks ooops I must have spent it. It could be the next 1974 aluminum cent. Traded underground with occasional pictures showing up now and then. Or it could be totally legal and in a year or two the price will rocket up, or no, it might just stay worth $100, in that case you're out nothing.
