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$10 Miscut Star Note, True Binary

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United States
59 Posts
 Posted 12/23/2020  12:32 pm Show Profile   Bookmark this topic Add wizened to your friends list Get a Link to this Message Number of Subscribers
Son got this at a business. Business said it came straight from the bank. But no others like it in the till.

Seems a find: star note, mis-cut significantly, true binary, low serial number.

Is this very valuable?

$10-Miscut-Star-Note,-True-Binary

$10-Miscut-Star-Note,-True-Binary
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/23/2020  12:34 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Steve in Tampa will no doubt chime in on this shortly.
Edited by Coinfrog
12/23/2020 2:08 pm
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jbuck's Avatar
United States
188161 Posts
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John1's Avatar
United States
56855 Posts
 Posted 12/23/2020  2:03 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF.
John1
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JimmyD's Avatar
Canada
21601 Posts
 Posted 12/23/2020  2:10 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
to the CCF
This is a USA dollar, should be in the USA currency Forum.
Also it is not classed a low serial number. A low serial number is 999 or less.
Still a true miscut when you can see part of the adjoining bill
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nfine's Avatar
United States
3469 Posts
 Posted 12/23/2020  2:33 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
Wouldn't a "True Binary" note be 1's and 0's?
Valued Member
United States
59 Posts
 Posted 12/23/2020  3:21 pm  Show Profile   Bookmark this reply Add wizened to your friends list Get a Link to this Reply
Thanks for the comments. I may have accidentally posted on Canada notes and had the post moved by the moderator to US notes. At any rate I see it in the US notes category now.

As to the binary designation, no doubt only 1's and 0's would be best. But looking around it seems common for serial numbers with only two digits to be called binary. Maybe there is another better designation like "2 digit" if not just 1's and 0's.

So not fitting within a common definition of low serial number. But still a somewhat lower number, starting with 000.

Went to a coin shop and the guy said it was worth $10, his reasoning being that someone could just buy a sheet and make his own miscut. He said there had to be the print properly aligned on one side, and off on the other to be valued. But looking at ebay sales of error bills, there miscuts there have sold for good prices where both sides were miscuts (meaning the print on each side was aligned with the other side, but the cut was similarly wrong in appearance for both sides). But it is a question no doubt for collectors: how do you know it was not a guy at home cutting a sheet to create an apparent error bill?

Well it is a learning experience for me. I am a coin collector, with only a few bills acquired for historical/economic reasons. Never dealt with error bills before.
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silverwolf's Avatar
Canada
3733 Posts
 Posted 12/23/2020  4:01 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
you should be able to tell from the serial number whether it came from a sheet or a single bill.. you can't re cut an already issued single bill to recreate that..
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 12/23/2020  4:32 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Cool error.
The last $10 uncut sheets offered by the BEP was series 2009. The last $10 uncut star sheets offered by the BEP was series 2004A. I'm fairly confident the error is genuine and not post-BEP manufactured.
Valued Member
United States
59 Posts
 Posted 12/23/2020  4:38 pm  Show Profile   Bookmark this reply Add wizened to your friends list Get a Link to this Reply
I found a site that reports it is a sheet note, an issue of 320,000 in the sheet run.

http://www.mycurrencycollection.com.../pf00090099*

There are star note sheets sold on ebay (presumably first by the mint). I cannot find a reference to say whether a particular sheet was used in the mint or sold. So no way of establishing conclusively where the bill was mis-cut, in the mint or at someone's home?

This site is consistent with what the coin shop guy said:

http://www.antiquemoney.com/false-cutting-errors/

It seems to me that this must be wrong. Surely the mint sometimes makes a mistake of where it cuts an otherwise good sheet of notes. But since the opportunity to create your own miscut from a sheet of notes exists, the value may be down to, or near to, face value. This site does say that the sheets sold tend to have higher serial numbers, but that is not reported as absolute.

Oh well.
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bobby131313's Avatar
United States
24154 Posts
 Posted 12/23/2020  4:44 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Wouldn't a "True Binary" note be 1's and 0's?


There are 10 types of people, those who understand binary, and those who don't.
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Coinfrog's Avatar
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 Posted 12/23/2020  5:19 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 12/23/2020  5:31 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply

Quote:
I found a site that reports it is a sheet note, an issue of 320,000 in the sheet run.

Let me help clarify this. The BEP prints replacement notes in sheet form to replace defective sheets, and the BEP also prints replacement notes in packs of 100 to replace defective packs. The replacement Star packs are often sold on ebay. I own $1, $2, $5 and $10 Star packs. So, when that website reports that a note is a sheet note, it means the notes are typically harder to find because they are often only found in pairs hidden in non-star packs. The BEP has been sold out of collector sheets since summer and even when they had $10 sheets, they were series 2009, and non-star note sheets. Once again, I'm confident the error is genuine.
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suipakpaikungfu's Avatar
United States
992 Posts
 Posted 12/24/2020  4:17 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
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okiepb's Avatar
United States
1213 Posts
 Posted 12/24/2020  6:40 pm  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
Bobby131313, the "10 types of people" comment is great!
Edited by okiepb
12/24/2020 6:41 pm
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