I read in another forum about paper currency errors. Can anyone tell me what value a bill with missing serial numbers and seal on one side only is worth? The bill is crisp with only a slight crease. It is an uncirculated series 1981 bill I have had since 1981.
As a business owner, I have seen quite a few counterfeit bills, and can easily recognize them. For the most part, it costs more than $5 to make a counterfeit bill. That is why they are typically found in $20's and rarely $10's.
Hmmm>..I have no idea how much 5 Quid is, but I sent a picture to a specialist that buys paper currency. They said the bill was most likely chemically altered, but if not I should have it proffesionally graded. I remember the woman handing me the bill, back in 1981 like it was yesterday. It was a brand new banknote taken right out of a bank payroll envelope. (remember those?) I did not want to raise any suspiscion by asking her to trade in all of the brand new 5's, which she seemed to have a lot of. I wish now that I had. For this reason, I am sure it was not chemically altered.
Neil, the dealer can/might be right. There are many fake "Error" notes on Ebay, some which are actually impossible to occur in the printing process. One good example are those notes which look look like two notes together. The scammers basically buy uncut sheets and cut them themselves. People fall for this. There are many others out there. If you found this bill in circulation, chances are it's a real error. I would research the print process to find out if this error is even possible. A forger could easily replicate this with some chemical magic. There is a good amount of Dr. Notes out there.
The ground is a bank, open up an account with your metal detector.
Neil, the dealer can/might be right. There are many fake "Error" notes on Ebay, some which are actually impossible to occur in the printing process. One good example are those notes which look look like two notes together. The scammers basically buy uncut sheets and cut them themselves. People fall for this. There are many others out there. If you found this bill in circulation, chances are it's a real error. I would research the print process to find out if this error is even possible. A forger could easily replicate this with some chemical magic. There is a good amount of Dr. Notes out there.
My guess is that the note is real. I specifically remember the woman who passed me the note. It was a brand new bill at the time, and came right out of a brand new stack of bills. They were packed into a bank payroll envelope (remember those?). I remember because I was tempted to ask her for the bills in the envelope, in exchange for fresh bills, but I did not want to raise any suspicions. Had I been thinking clearly, I would have said my cash register could use some $5 bills.
I am going to go to a dealer soon and find out how to get it graded.
Neil, if that is the case, then the bill is almost sure to be real. I do not collect error notes, however, I do collect currency. On that note, I do not research errors, or how they come to be, but I know enough to understand that some errors are simply not possible during production, and while some are, they can also be forged. When buying/looking at error notes, we need to do all of our research to make a good buy and not get ripped off by scammers. Personally, I wouldn't buy an error note unless it was graded/slabbed. I simply do not know enough to validate the authenticity of the error. Good luck on the note Neil.
The ground is a bank, open up an account with your metal detector.
It's Kind of weird, but my last post has disappeared.
UPDATE: I took the not to a collector, a member of PMG, and a friend of the people at Stack's. He spoke to Stack's while I was there, and said that type of error occurs when one sheet is accidentally overlapping another.
The note is in VH condition, Value $75-100. Uncirculated notes of this type go for about $200.
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Originally Posted by Smokin Joe
