$1 bill (Is it worth anything) Please help

[Schpoyda]

I was working the other day as a merchant at my bank and a customer came in to do a deposit for Burger King. As I was running his money through our counter (you can run mixed notes) the total of his deposit was different from what I was getting on my counter which I had gotten serviced in the morning. I ran the money another time and couple bills fell in the divert slot so I put them through again and got the same amount. Then I ran it a third time and 2 notes fell in the divert a $5 and a $1. I put the $5 through first and then the $1 and the counter counted it as a $50. I then ran the $1 bill again and it read it as a $50, I put it to the light no markings visible of it being washed, I test it under a uv light and it passes the test for a $1 bill, then I approached 4 more different counters at my bank and they all read the $1 bill as a $50. Could this be a federal misprint? Can someone please help. Thank you.

 

[Bigcypresshunter]

Visited my bank today to cash my check and the teller ran my bills through a machine called Cummins Jetscan. He said it accepts mixed bills and also scans for counterfeits. It counted $500 in about 1 second.

I wish the poster would get back to us but I knew it would be over as soon as he contacted authorities. This is most likely what happened IMO. I dont see any signs of this being a scam. For what purpose?

Informing their supervisor would have been the most logical thing to do. The supervisor would be the one to contact the proper authorities.

Posting it on a internet forum asking if it is worth anything is highly suspicious.

Maybe he is the supervisor or maybe it is a little suspicious. Or maybe he just wanted to see if it had any value before turning it over lol. "$1 bill (Is it worth anything) Please help" Im surprised he didnt delete. He may be one of the few informed tellers who realizes there is monetary value to collectors. Working as a merchant teller at a bank is a good postion to find collectible currency.

 

[Bigcypresshunter]

The more I think about it, thats what it is. It appears he wanted to see if it had any value before alerting authorities. Afterall he is at will to exchange it with a bill of his own...isnt he? What if he finds a silver certificate, he could exchange for another... couldnt he?

It all appears to make sense now. If any one of us found a strange and unusual bill, we would want to know if it had any value first. And that is exactly what he wanted to know when he found TN and posted. We would not want to give it up to our boss first thing. Im sorry we were not able to help him quick enough.

 

[AU24K]

Beekrock?
Scott

 

[Bigcypresshunter]

The more I think about it, thats what it is. It appears he wanted to see if it had any value before alerting authorities. Afterall he is at will to exchange it with a bill of his own...isnt he? What if he finds a silver certificate, he could exchange for another... couldnt he?

It all appears to make sense now. If any one of us found a strange and unusual bill, we would want to know if it had any value first. And that is exactly what he wanted to know when he found TN and posted. We would not want to give it up to our boss first thing. Im sorry we were not able to help him quick enough.

Lets see....ifn' I was a merchant teller at a bank...and my counter kicked a bill into the counterfeit tray... would I want to exchange it for a bill of my own or report it to my supervisor.

Decisions decisions.

I would report it, and keep my job.

He never said he thought it was counterfeit. "Could this be a federal misprint? Can someone please help. Thank you." quote Schpoyda. He thought it might be a Federal misprint in his divert tray and he thought it may have value. "$1 bill (Is it worth anything) Please help." quote Schpoyda. That is probably why he contacted a TREASURE site such as TN to ask our expert opinion. Unfortunately we couldnt help him. But we maybe could if he would only post back.



Lets see....ifn' I was a merchant teller at a bank...and my counter kicked a federal misprint error into the divert tray... would I want to exchange it for a bill of my own or report it to my supervisor.



Decisions decisions...

 

[Bigcypresshunter]

Reading back on it I think he must have replaced it with a bill of his own.

Hmm... should I take the dollar to a coin shop and let them examine the bill? quote Schpoyda.

I never worked at a bank so I dont know if this jeapordizes his job. It was only a dollar. I think he only took it because he thought it had value. I doubt he tried to keep it secret because he tried it on all the other machines and he had his serviced that morning. "then I approached 4 more different counters at my bank and they all read the $1 bill as a $50". quote. He is possibly a supervisor.

if he knew it read as a $50.00 he should have turned it in right then and there...why would someone in the buisness of money-bank turn to people on a treasure forum....Now if it truly read as a $50.00 and he was trying to pull something...why didn't he take it to the car wash or a vending machine? Makes no sense any way you look at it. Why didn't he come back if he was so concerned and tell us....his trusted new friends who he asked in the first place instead of work....the outcome?

Why not turn to a treasure forum? If he learns about misprints, errors, gold and silver certificates, silver dollars and such, he can save them. I think he found TN surfing the web. I dont think hes trying to pull anything. He simply wanted to know if it was a misprint with any collector value. He remains annonymous and has no reason to trust us or tell us what happened. He may have turned it over to authorities and was told to keep his trap shut. IMHO.

 

[Bigcypresshunter]

If he asked his supervisor if he could replace the value that is one thing otherwise he was on the clock and therefore the dollar belonged to the bank and if it is suspicious, it should have immediately been turned over to the authorities to see if they could locate the place of origin...

I agree he should have turned it over to his supervisor immediately. He thought it was a misprint or error and he asked us at TN if it had any value and I thank him for sharing. We are not supposed to be accusing anyone here at TN, especially new members. I wish however that he would post back to explain. He started this thread on Mar 18. He last posted on Mar 20 but may be still lurking and was last active on March 29. Hopefully he will be back to update.. He is welcome here. I try to give everyone the benefit of the doubt until proven otherwise but he is arrousing suspicion by not posting back. This thread has been read over 1500 times.

 

[SkyPirate]

I think it's worth a dollar.

 

[Bigcypresshunter]

This man is not hiding his email addy if anyone cares to write.

 

[allen]

maybe the machine itself is flawed...

 

[Bigcypresshunter]

maybe the machine itself is flawed...

the total of his deposit was different from what I was getting on my counter which I had gotten serviced in the morning.

... then I approached 4 more different counters at my bank and they all read the $1 bill as a $50.

 

[ivan salis]

maybe he was told to zip it by the feds. while they check it out --wouldn't surprize me .

 

[AK47]

I recently got a job as a bank teller and had somebody come in with a large stack of bills (7 or 8 inches tall). He had a deposit slip written out for 940 dollars. I took the stack of money and put it in the money counter and it came out to 989 dollars, but there was a chain error so I decided to run it through one more time just to make sure. I ran it through again and it came out to 989 dollars. I told him I had 49 dollars more than what he had written and he was surprised and said he must have counted the money wrong and he gave me an extra dollar to make it an even 990.00. I then adjusted his deposit slip for 50 dollars more. The counter printed out what bills it had counted, there were 324 Ones and 1 Fifty (also Tens and Twenties and Fives) at the end of the shift my drawer was missing exactly 49 dollars. All my work for the day was meticulously looked through to try and find where the error could be but nothing could be found. I claimed that the money counter (a Cummins JetScan) must have counted one of the Ones as a Fifty. But as I was the new guy everybody just assumed that I made some sort of mathematical error (I happen to always be top in all my math classes) or simply just made the mistake of handing out 49 dollars to some random customer. The next day (8/9/2013) I tried putting all of my ones through the counter but none of them registered as a fifty but I had already given out over a hundred dollars in ones after the counting event had occurred on the previous day. Everybody at work thinks I'm crazy everytime I say the money counter counted one of my Ones as a Fifty. Nobody believes me at all. I know that it did but I have no proof.

One more thing I'd like to mention is that the machine had been serviced 2 days prior to the event.

I don't remember if I put a fifty in my drawer from that stack of bills or not.

I hope more people come forward that have had this same problem.

 

[Mekong Mike]

Fire off an email to the secret service and tell them about it. I think this is a new counterfeit scam. You should make a You Tube video of you going through the process with the money counting machine and it showing up as a fifty.


They have these new ATMs that accept cash deposits now.

Thanks for posting.

 

[unclemac]

I have a few questions if you don't mind Schpoyda.
You wrote... "I was working the other day as a merchant at my bank " what does "working as a merchant at my bank" mean? I have never heard a bank employee describe their job that way.

...he meant "merchant teller"...the guy off to the side where everybody who is a merchant get to cut to the front of the line....

 

[cti4sw]

There is nothing illegal or immoral about swapping out legitimate currency at any store or bank. As long as the replacement currency is authentic and legal, that is. Otherwise, coin roll hunting would essentially be illegal too, because CRHers do exactly the same thing.

As long as numismatics remains a legal hobby there is nothing the feds can do about anyone buying, selling, trading, or exchanging legal currency. As for store/bank policy, as long as the drawer count matches, I don't see how they can do much either.

 

[cudamark]

I'm curious as to how a bill reader determines the bill value? Is it the magnetic strip? If so, how does it know that a one has been placed into the machine and not a regular piece of paper? I know I've put an old style bill (pre-mag strip) in a reader at one point or another in the past, and it went through. Is there an optical reader too that can "see" the number in the corner?

 

[ctalmadg]

I'm curious as to how a bill reader determines the bill value? Is it the magnetic strip? If so, how does it know that a one has been placed into the machine and not a regular piece of paper? I know I've put an old style bill (pre-mag strip) in a reader at one point or another in the past, and it went through. Is there an optical reader too that can "see" the number in the corner?

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