2013 Series $5 Miscut Note Error

Thanks for all the help Steve. I knew posting this here and letting you talk while I worked would save me time in research. Here are pics of security thread and water mark. The note measures 6.75" should have mentioned that in first post.

Thanks Steve.

I see it there now

With the note in the F4 position, it's not as clear to me how the error occurred.

As I understand it, the 32 note sheet is first cut into 2 16 note sheets and the 3rd printing occurs. The 16 note sheets are then cut into 8 2 note sheets, which are then cut into single notes. Since this F4 position note includes part of the B 4 position note with it, it seems like the error must have occurred at the final cut when the 2 note sheet is cut into single notes and not when the 32 note sheet is cut in half?

Learning a lot in this post.....

Steve and BadDog thanks for the help in explaining this. The plate position and things was very useful. I agree with your analysis that this happened at the last cut since the 3rd print is aligned correctly. It would be so cool if I could ever find the other bill one day.