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 Replies: 13 / Views: 4,596 |
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New Member
United States
3 Posts |
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New Member
 United States
3 Posts |
I received these from my bank. As far as I can tell they are uncirculated. Are they worth getting certified?
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Pillar of the Community
United States
4692 Posts |
No. Someone cut them after released.
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New Member
United States
3 Posts |
That's what I thought too at first but I got them from my bank with other 100's. Shouldn't the bank dispose of them? I tried spending one and the merchant wouldn't take it.
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Pillar of the Community
United States
1191 Posts |
They should take them as legal tender. I used to work as a cashier for summer job and someone brought me a $100 bill cut in half and I asked the head cashier and she told me it was ok to take but I had to tape it together, sadly, I didn't find the tape... He gave me 2 50s at the end. The funny part is, when he was leaving, he dropped half of the 100, and I said "you dropped half of your money"  Edited by Hello There
08/05/2015 02:36 am
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Pillar of the Community
 United States
5828 Posts |
PMD... Or whatever you call it. Post... Engraving... Damage? PED?
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Pillar of the Community
United States
2850 Posts |
You can see evidence of wear on the notes in your picture -- They have definitely been cut.
Edited by WheatBack
08/05/2015 09:34 am
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Valued Member
United States
177 Posts |
 See how the three normal corners are worn and not sharp, but the corner made from the cut is still nice and sharp. If the cut was done at the time of manufacture, that corner would be just as worn as the other three. |
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Pillar of the Community
United States
7621 Posts |
Welcome to the forum! These notes were cut after they were issued. If the serial numbers were consecutive, and the notes were uncirculated, you'd be much closer to a genuine BEP cutting error. Even then though, doubts would exist as to whether they would even be a genuine error. Cutting errors can easily be faked....even on brand new notes. All it takes is a paper cutter and a good imagination. Fake cutting errors show up on ebay all the time. |
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Pillar of the Community
United States
940 Posts |
Even if they were mis-cut at the BEP, you'd have to convince a potential buyer of this to have any chance of selling them at a premium. You couldn't convince me.
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Bedrock of the Community
United States
94367 Posts |
Just take 'em back to the bank and let them worry about them. Classic Coins said it well.
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Valued Member
United States
177 Posts |
Don't take them to a Fed branch, though - they will give you an amount proportional to the remaining portion of the note. In this case, you would get about $96 for each of them.
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Pillar of the Community
United States
621 Posts |
Aahz,interesting, I never knew that. could you tell me more about the policy and where you heard of it please?
I searched their site and it said "Any badly soiled, dirty, defaced, disintegrated, limp, torn, or worn out currency note that is clearly more than one-half of the original note, and does not require special examination to determine its value, is not considered mutilated and should be included in your normal deposit."
Both bills have over 50% left. Although
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Valued Member
United States
177 Posts |
Hmmm... Seems like the policy has changed. When you asked for the source, I went straight to both the Federal Reserve and the BEP, only to find a policy different from what I had learned decades ago. The "redeem at the percentage of the remaining bill" policy that I recalled apparently had to do with people attempting to tear bills into two or more pieces and redeem them for full value (or something like that). So if you brought three thirds of a $100 bill, you would get 3 x $33.33 back, not $300 like some shysters may have hoped. But I guess forensic techniques have gotten to the point that they can figure out that truly mutilated bills may have had portions irretrievably lost, and refund the full amount for pieces returned under a claim. They may also have gotten enough complaints from people whose money was honestly partially destroyed by fire, flood, dog, baby, whatever, that they do full refunds after investigating the loss. BTW, the present policy is here: http://www.moneyfactory.gov/service...emption.html |
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Replies: 13 / Views: 4,596 |
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Posted 08/05/2015 02:05 am
