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<p>[QUOTE="Small Size, post: 2403679, member: 77924"]My question continues to be - why would somebody roughly cut the top and left margins of a note already valuable as an unusual error?</p><p>This note has the upper face plate number H2, meaning it was the bottom note of the second column of a thirty-two sheet note. If the sheet were cut in two vertically, it would be the bottom right note of the left half sheet.</p><p>If you look closely, you see that this note has irregular top and left margins. The top margin is especially ragged. It would need to be cut away from a half sheet at the left and at the top. As it was indeed cut, I say apparently by hand.</p><p>This is my theory. I agree ahead of time that I have a vivid imagination:</p><p>In the 1980's, currency printer's waste at the BEP that had not gone through the third printing was not strictly treated as accountable paper. Such waste would be disposed of as needed by two randomly selected employees taking it to the incinerator and burning it. They would sign a form attesting to their action and that would be that. Security was supposedly accomplished by the random assignment process, so no two employees could consider it likely they'd be assigned together.</p><p>"Likely" being the key word there. If two, or more, employees agreed that, if assigned together to burn some printer's waste, they would steal some of it to spend, they would just wait until chance got them assigned together. Sheets of notes that had gone through the first and second printing would be the obvious choice for such a scheme. They likely would have already been cut into half sheets to make them easier to handle.</p><p>Conspirators secreted some number of incomplete half sheets of twenties on their persons, took them home, cut them up, and had a grand time in Las Vegas. Eventually, somebody found one of them in circulation, and the result is what we're discussing.[/QUOTE]</p><p><br /></p>
[QUOTE="Small Size, post: 2403679, member: 77924"]My question continues to be - why would somebody roughly cut the top and left margins of a note already valuable as an unusual error? This note has the upper face plate number H2, meaning it was the bottom note of the second column of a thirty-two sheet note. If the sheet were cut in two vertically, it would be the bottom right note of the left half sheet. If you look closely, you see that this note has irregular top and left margins. The top margin is especially ragged. It would need to be cut away from a half sheet at the left and at the top. As it was indeed cut, I say apparently by hand. This is my theory. I agree ahead of time that I have a vivid imagination: In the 1980's, currency printer's waste at the BEP that had not gone through the third printing was not strictly treated as accountable paper. Such waste would be disposed of as needed by two randomly selected employees taking it to the incinerator and burning it. They would sign a form attesting to their action and that would be that. Security was supposedly accomplished by the random assignment process, so no two employees could consider it likely they'd be assigned together. "Likely" being the key word there. If two, or more, employees agreed that, if assigned together to burn some printer's waste, they would steal some of it to spend, they would just wait until chance got them assigned together. Sheets of notes that had gone through the first and second printing would be the obvious choice for such a scheme. They likely would have already been cut into half sheets to make them easier to handle. Conspirators secreted some number of incomplete half sheets of twenties on their persons, took them home, cut them up, and had a grand time in Las Vegas. Eventually, somebody found one of them in circulation, and the result is what we're discussing.[/QUOTE]
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