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 Replies: 16 / Views: 13,400 |
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New Member
Israel
4 Posts |
hello everyone someone offered me 100$ specimen banknote. how I know if this note real and which price is reasonable (asked prise 4000$). thank you  Edited by parma
10/16/2013 02:19 am
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Pillar of the Community
United States
7840 Posts |
 Specimen note control #1076 (reverse lower right hand corner - many specimens have an additional "control number" that is used by a central bank to track who received a particular specimen). Someone is missing their "visual aid" for a new upcoming currency design change. I am not sure about the legitimacy of possessing this type of note.  From the archives; "I received the following from someone at the BEP in Washington DC:
"The key word is specimen; normally, the BEP only produces about 50 specimen notes per Federal Reserve District (bank) and stamps the notes with the word SPECIMEN and a sequence number in the margin such as 1 of 50, 2 of 50, etc. Generally, just the USSS (United States Secret Service) gets these specimen notes for training, etc. They are not available to the general public.
If you see one of these "specimen notes" on ebay, they are mostly likely stolen from the US Treasury, a fraud or imposture and someone is trying to trick you to achieve a higher selling price. The possession of one of these first run, special specimen notes would have been by theft or misappropriation; those holding these notes are liable for prosecution since they are never intended to be issued to the public. They could be worth thousands of dollars to dealers or collectors. However, I do not believe a legitimate (honest) dealer would trade these notes or advertise such notes knowing the risks. I have seen some advertised in the past and on one occasion it was a regular production NXG $20 (based on the serial number) with a specimen word superimposed on the note using Photoshop or equivalent. The USSS got involved and the note suddenly disappeared off the listing (in less than 2 hours)"Bottom line: Stay away from it. Edited by oih82w8
10/15/2013 4:03 pm
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Pillar of the Community
United States
7613 Posts |
From the pic it looks real to me but cannot be 100% certain w/o checking the security features. I don't think they are illegal to own and they pop up for sale now and then at auction. A lot of them come from overseas banks. If the price is reasonable, and you like it, then by all means buy it for your collection. Remember, since it's a specimen it does not have any monetary value! I think the currency grading companies will slab them, too. Good luck!
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Pillar of the Community
United States
2589 Posts |
These are occasionally issued to foreign central banks for identification and anti-counterfitting purposes. It is my understanding that they are legal to own as dozens of US specimen notes have been sold on herigate [[ http://www.ha.com/c/search-results....cimen+%24100]]. Dozens of specimen notes have been sold on heritage for example. I would expect this to sell for well over $2000 as a 1996 $50 specimen was sold on heritage in 2005 for $2300. If someone offered to sell this to me, I would definately begin by asking them what they wanted for it and work from there. |
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Bedrock of the Community
Canada
11922 Posts |
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Valued Member
United States
108 Posts |
Nice serial number on that one
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Pillar of the Community
United States
2589 Posts |
One key to identifying a genuine American specimen note is to look at the serial number it should either be solid O's or be a ladder sequence like the one above shows. Most modern American Specimen notes that I've seen sold have been the ladder type.
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Pillar of the Community
Canada
2124 Posts |
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Pillar of the Community
Germany
645 Posts |
Can you send us a scan from the backside?
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New Member
 Israel
4 Posts |
 for more questions please send me email thank you Edited by parma
01/13/2014 4:01 pm
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Pillar of the Community
Canada
2124 Posts |
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Pillar of the Community
United States
7613 Posts |
Curious about the white out in the lower right corner of the rev pic (?)
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Pillar of the Community
United States
7613 Posts |
Could the white out hide a serial number that could trace the note back to the foreign entity that previously possessed the note? Are these "loaned" to foreign banks/entities with true title and ownership retained by the Treasury Dept? Maybe these are really in a murky, gray area. I know I wouldn't want a knock on the door by some Treasury agent wanting "his" note back!
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Pillar of the Community
Germany
645 Posts |
I think that is a genuine Specimen bill. Great!
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Pillar of the Community
United States
742 Posts |
These type of US specimens have been sold by Heritage and other auction houses in the US. Jack booted thugs have not kicked in their doors over them.
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Pillar of the Community
United States
4409 Posts |
Quote:
These type of US specimens have been sold by Heritage and other auction houses in the US. Jack booted thugs have not kicked in their doors over them. I looked at Heritage the only Specimen notes they have sold are Series 1990 or earlier. Oih82w8 posted a reply from the BEP. Even if it is a legitimate specimen note, I would stay away. Take a look at what happpened with Joan Langbord and her 10 1933 Double Eagles--the government seized them and didn't compensate her for them. It'd be a shame to buy this note only to have the Secret Service seize it and be out the $4,000. Whatever the original poster decided, I wish him/her well. -MV |
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Replies: 16 / Views: 13,400 |
Posted 10/15/2013 4:48 pm
