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Miscut 2009 Series 100 Dollar Bill

 
 
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United States
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 Posted 12/10/2018  9:10 pm Show Profile   Bookmark this topic Add Remington1911 to your friends list Get a Link to this Message
I came across this miscut bill in uncirculated condition and was wondering, if anyone could give me a cost, or the process of having it graded. I found one virtually identical, but with the third digit of the serial number being different, https://www.ebay.com/itm/100-Error-...AOSwUqVb8Gdj. Is there any correlation between the Two bills from the mint? This came from a brand new bundle of consecutive uncirculated bills from my local bank.


Edited by Remington1911
12/10/2018 9:25 pm
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 Posted 12/11/2018  03:20 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Nice find.



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 Posted 12/11/2018  07:40 am  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Congrats on the nice error find! I don't collect error notes so can't really comment about value, but I wouldn't rely on eBay for sale listings to determine value. Folks can ask whatever price they want. Check the sold listings for a more realistic gauge of the market value.

Here's a link on how to submit a note to PMG for grading. Can't comment on PCGS as I only use PMG.

Essentially, there are 3 options: 1- get a dealer to submit it for you, 2 - join PMG and submit it yourself or 3 - join ANA and submit it yourself (personally, I use option 3).

Here's the cost for option #2: $25 to join PMG + $45 standard grading fee (max note value of $3000) + $8 handling fee + $20 return shipping = $98. If you select economy grading instead of standard (max note value of $1000), then you'll save $20. Also, you have to get the note to them, which will add cost unless you can hand deliver it to them (at a coin show or if you live close enough).

Quote:
Is there any correlation between the Two bills from the mint?

Yes there is. Both notes are series 2009A printed by the BEP in Nov 2011 at Fort Worth. They both came from run 6, sheet # 25575. Your note was in position E2 and the eBay note was in position D2.

This sheet was shifted during cutting and other notes from the sheet would also display a cutting error. The eBay note, in position D2, is at the bottom of the sheet and displays a full note and part of the note above it. So, the sheet was pulled out slightly at the bottom during cutting. This results in the other notes missing a portion of their bottom and including a portion of the bottom from the note above it, such as yours. The notes from plate positions D2 and H2 will be wider than normal (the eBay seller indicates their note is extra wide) and the notes from plate positions A1 and E1 will be skinnier than normal. The middle notes will be the correct widths, but look miscut (again like your note). Here are the serial numbers on the uncut sheet

BTW, this sheet was printed with the COPE process. The 1st cut in that process is to cut the 32 note sheet in half to make two 16 note sheets. So, the notes from the right half of this sheet may all be cut just fine

Since you got your note directly from a bank in a fresh strapped bundle of notes, it's pretty certain that this error is in fact a BEP error. However, this type of error is easily created from an uncut sheet by someone who wants to "create" error notes. Many cutting errors can be recreated post BEP by someone using an uncut sheet. You'll find quite a few posts in this forum concerning this.

Also, all of this Plate Position Arithmetic comes from the USPaperMoney website. It's a great site for US currency collectors.
Edited by BadDog
12/11/2018 3:35 pm
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 Posted 12/11/2018  07:52 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Nice find
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 Posted 12/11/2018  10:05 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Super find and congrats!



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Canada
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 Posted 12/11/2018  2:05 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
Great find!

And thanks for the details on how the error occurred "BadDog"
(- I always enjoy getting the "skinny" on how a error note was produced)
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 Posted 12/11/2018  2:49 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
for a great find, and another for that explanation from BadDog
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 Posted 12/12/2018  07:05 am  Show Profile   Bookmark this reply Add Remington1911 to your friends list Get a Link to this Reply
Thanks for all the information, BadDog, and detailed description of the correspondence between the two bills.
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