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Help! Miscut $20 Value And Or Information

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New Member

United States
5 Posts
 Posted 06/27/2016  07:52 am Show Profile   Bookmark this topic Add Jaustin69 to your friends list Get a Link to this Message Number of Subscribers
Good morning everyone comma
I recently acquired this Miss cut $20 bill and have no idea where to look for value or any other information on it. Any help would be appreciated.
Don't think that this is from an uncut sheet based on the serial number but I could be wrong. It's hard to see in the pictures but on the left hand side of the bill there is a crease that looks like it was sucked into machine before it was cut. Any advice or direction would be greatly appreciated! Not sure if having the serial number before the missed cut and after as any value or not

Help!-Miscut-$20-Value-And-Or-Information

Help!-Miscut-$20-Value-And-Or-Information
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/27/2016  11:38 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
to CCF..

that is one sweet error note..

The Bookends serials should be included in all cutting errors, as it helps confirm them to be genuine cutting errors..

This type of cutting error happens when there is a Vertical Fold in the 16 subject sheet, and should yield a few more of the same errors from this sheet..

As for Value, it's worth whatever the highest bid is (when sold at auction), and should 2 or more bidders want it, Value could Skyrocket..
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westernsky's Avatar
United States
7618 Posts
 Posted 06/27/2016  11:39 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Having the "book ends" (the before and after notes) is a big plus and adds validity to your note. I do not believe your note was cut from a collector issued sheet as all of the collector sheets I've seen (so far) have been stars.

Most likely the error occurred during the COPE processing and the cutting error slipped through the inspection process.

Best bet is to send the note off to PCGS Currency for an expert opinion.

Maybe someone more knowledgeable will chime in.

Nice find!



New Member
United States
5 Posts
 Posted 06/27/2016  4:58 pm  Show Profile   Bookmark this reply Add Jaustin69 to your friends list Get a Link to this Reply
Thanks for the information on how that happens! My question is how does it make it out of the mint like that with it being so much longer than a normal bill. Wouldn't that be painfully obvious?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 06/27/2016  5:25 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Like westernsky says, it must have just slipped through inspection. Good advice to send this to PCGS or PMG. Let us know what happens!





to the CCF!
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 06/27/2016  5:38 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
These notes were printed in January 2015 at the Fort Worth facility on old presses.

Somewhere between the second and third print, the 32-note sheets are cut in half (16-subject sheets) I am unable to read the face plate numbers on the lower left, but if they are C1 or C2 they would have been the left side sheet, and C3 and C4 would be the right side sheet. Somehow, the sheet must have folded partially during the cutting. The third print, which includes the Treasury Seal, serial numbers, district seal and alphanumeric characters went on as normal VIA the COPE process.

Remarkable error, and having the before and after notes makes it truly remarkable.
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coinsearcher83's Avatar
United States
1358 Posts
 Posted 06/27/2016  11:27 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
You sure hit the jackpot there!

Plate position is C1. Looks like the sheet got folded and shifted after printing and prior to cutting, as others have said. Did you get the notes from circulation? (ATM/teller, etc.) And if so, was its left edge still folded over?
Edited by coinsearcher83
06/27/2016 11:29 pm
New Member
United States
5 Posts
 Posted 06/28/2016  06:52 am  Show Profile   Bookmark this reply Add Jaustin69 to your friends list Get a Link to this Reply
Wow! The wealth of information is amazing here. The story I got from The Collector is his friend was filling an ATM machine when he noticed the bill. He replaced the three twenty dollar bills with his own money and took those three bills. Take it for what it's worth.

I'm really on the fence about getting it graded by PCGS. Will I be able to get my money back out of these bills if I put them up for auction?
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/28/2016  09:44 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I would recommend you have all 3 notes certified in a 3 Note Holder, and as for recovering fund's spent, any serious error collector will have no problem paying a premium for bookend serials..
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/28/2016  12:23 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I had to jump from my Tablet to Laptop to post my vertical & horizontal errors (direction of paper fold in sheet), along with what a 3-note holder would look like..

The notes in the 3-note holder are the only three examples that can be classified as "experimental overprint error" notes since the series 1963 introduction of $1.00 Federal Reserve Notes ..

The top note is a Natick Test Paper note printed in August 1981, followed by both Web-Press overprint error notes (printed in December 1992 & July 1993)..

Web-Press notes were printed from 1992 to 1996 (4 1/2 years) and PMG refuses to acknowledge them as Experimental Test Notes (then again, PMG is NOT as good as they were in 2006/2007)..

I did get to use my 30+ year old steel ruler with 1/10" increments to measure the percentages of the cutting error..

If your 3 notes were mine, I would have them in a 3-note holder ASAP.. The total certification fees shouldn't exceed $150.00 ..



Help!-Miscut-$20-Value-And-Or-Information

Help!-Miscut-$20-Value-And-Or-Information

Help!-Miscut-$20-Value-And-Or-Information

Help!-Miscut-$20-Value-And-Or-Information

Help!-Miscut-$20-Value-And-Or-Information

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Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/28/2016  12:36 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply

Quote:
The story I got from The Collector is his friend was filling an ATM machine when he noticed the bill. He replaced the three twenty dollar bills with his own money and took those three bills.


His friend was smart enough to pull all three notes..

From the angle of the cut, there may be 7 more cutting errors from this sheet..

If this were a poll question, I would Vote they be Certified as a set..
New Member
United States
5 Posts
 Posted 06/28/2016  7:12 pm  Show Profile   Bookmark this reply Add Jaustin69 to your friends list Get a Link to this Reply
Thanks for all the advice. I was so set on getting them graded and slabbed. I received an offer from a dealer for 250 bucks. Should I take the offer or still get them graded and slabbed? I don't collect paper money so my intent is to sell it. I am not a greedy person I just want a fair offer and I have no idea on the value
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 06/28/2016  7:45 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
If you're happy with the offer -- go ahead and take it but I think you can get 3 times that much. Maybe more.
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Dustin6's Avatar
United States
3516 Posts
 Posted 06/28/2016  8:51 pm  Show Profile   Bookmark this reply Add Dustin6 to your friends list Get a Link to this Reply
you could get a lot more than 250 for this.
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/28/2016  11:20 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
None of us are allowed to make you any type of offer at this time, and to sell to a Dealer will net you a small amount of what the 3 note set if worth..

I say this as a past Dealer..

My PMG certified cutting error has a retail value around $750 in Extra Fine..
New Member
United States
5 Posts
 Posted 06/29/2016  07:03 am  Show Profile   Bookmark this reply Add Jaustin69 to your friends list Get a Link to this Reply
Thanks everyone! I am going to send it off to be graded and slabbed!
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