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2003 $1.00 Error?

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New Member

United States
4 Posts
 Posted 08/18/2015  4:22 pm Show Profile   Bookmark this topic Add tplat to your friends list Get a Link to this Message Number of Subscribers
Hi all, first time here and I have a question. I got a 2003 series $1.00 note in with some change a month ago and on the back it is missing the In God We Trust printing. I have been to 2 different coin/currency shops and they said it looked real but had no idea how much it might be worth. I was wondering if anyone here might have and idea as to what its value might be. Both shops checked it out with a magnifying loupe and saw no signs that it was altered.

2003-$1.00-Error?

2003-$1.00-Error?
Valued Member
Kritler's Avatar
United States
107 Posts
 Posted 08/18/2015  4:28 pm  Show Profile   Bookmark this reply Add Kritler to your friends list Get a Link to this Reply
Looking at where it would be, it looks like slight discoloration, and also the texture of the bill there has a wavy appearance like a liquid was applied to it. It could be the camera lighting, but looks like it removed to me.
New Member
United States
4 Posts
 Posted 08/18/2015  4:39 pm  Show Profile   Bookmark this reply Add tplat to your friends list Get a Link to this Reply
yeah I noticed that in the pic but not when looking directly at it. There is a slight fold in the bill not quite centered from where it was in someones wallet before I got it. I looked at it with a pocket microscope and the fibers look normal, the little colored fibers you see up close look normal. That's a couple of things the guys at 2 different coin & currency shops looked for as well.
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CalzoneManiac's Avatar
United States
2233 Posts
 Posted 08/18/2015  4:59 pm  Show Profile   Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
I'm pretty sure someone took correction fluid and removed the motto.
New Member
United States
4 Posts
 Posted 08/18/2015  5:04 pm  Show Profile   Bookmark this reply Add tplat to your friends list Get a Link to this Reply
No that would be to easy to see even with out a jewelers loupe or pocket scope.
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CelticKnot's Avatar
United States
12817 Posts
 Posted 08/18/2015  7:25 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Bleach and a Q-tip?
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rage1398's Avatar
136 Posts
 Posted 08/18/2015  8:09 pm  Show Profile   Bookmark this reply Add rage1398 to your friends list Get a Link to this Reply
I've seen something like this before. But usually the fibers are messed up. The note you have does have a wavy appearance where in god we trust should be, so I'm gonna say someone took there time removing it. A picture of the area under a microscope may help.
Valued Member
Canada
488 Posts
 Posted 08/18/2015  8:35 pm  Show Profile   Bookmark this reply Add Bob Levi to your friends list Get a Link to this Reply
I agree. It looks like signs off tampering. The question is, is it possible to be missing. I know serial number and seal are stamped separate. And have seen that having errors but not sure about in good we trust.maybe someone who knows the printing process better will chime in.
New Member
United States
4 Posts
 Posted 08/18/2015  8:41 pm  Show Profile   Bookmark this reply Add tplat to your friends list Get a Link to this Reply
If someone used a Qtip and bleach wouldn't that also bleach the really fine colored fibers that you see on the bill with a pocket scope or jewelers loupe?
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Aahz's Avatar
United States
177 Posts
 Posted 08/18/2015  10:15 pm  Show Profile   Bookmark this reply Add Aahz to your friends list Get a Link to this Reply
"In God We Trust" is part of the back plate, and would be printed on the second printing. If it were missing because it wasn't printed, the entire back would be blank, not just that area.

Now, the printing process is "intaglio" printing, in which an engraved plate is inked (with only the engraved areas holding ink), and the paper is pressed against the plate with such force that the paper is forced into the engraved areas to transfer the ink. The result has a texture because of the deformation of the paper. If "In God We Trust" has been removed, the texture from the intaglio process would still be there, unless the paper had been "relaxed" with some kind of fluid. Close examination of that area should reveal which of the two remains.

The only other possible explanation would be that a particular plate had a defective engraving, with a missing motto. The way to check that would be to find another note from the same production run with the same back plate serial number and see if the motto is missing from that note as well.
Edited by Aahz
08/18/2015 10:18 pm
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Aahz's Avatar
United States
177 Posts
 Posted 08/18/2015  11:12 pm  Show Profile   Bookmark this reply Add Aahz to your friends list Get a Link to this Reply
I did a little image processing on the reverse (contrast, false color, saturation), and the motto area shows up differently from the surrounding paper:

2003-$1.00-Error?

Also, and you can probably see this on the original photo, the area where the motto was seems to be a little more translucent. In that area, you can better see the top of the frame of Washington's portrait on the other side. The anomaly isn't visible on the face probably due to that area being nearly all black, and the non-black areas are just thin lines so any problems would be hard to make out.

So something has happened to make it appear different. I think it has been chemically removed, and those chemicals (or some other) has altered the underlying paper.
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 08/19/2015  02:43 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
For Confirmation, contact the BEP and send them a message inquiring about the missing IGWT, along with photos, the series date & Back Plate Number and they will get back to you... If a Genuine Error from a damaged Plate, there will be many more errors printed with the same plate..
It is also possible a piece of scrap was on the sheet with IGWT printed on the scrap piece and then fell off...

I would still contact the BEP, they may request inspecting the note if their employees find any printed scrap pieces having been printed and seperated...

BTW~ The Back side of the note is the 1st Printing, not the second...
Edited by Broken-Coin
08/19/2015 02:51 am
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 08/19/2015  02:58 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
A second look at your note has me believe the IGWT was chemically removed from the paper...
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Aahz's Avatar
United States
177 Posts
 Posted 08/19/2015  8:24 pm  Show Profile   Bookmark this reply Add Aahz to your friends list Get a Link to this Reply

Quote:
BTW~ The Back side of the note is the 1st Printing, not the second...

Oops ... you are correct. My bad...
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