Thanks in advance for your help in answering my question. The books on error notes that I have in my library do not show any reference to this occurrence . I hope someone can shed some light on this notes issues.
The splotches appear to be the same color as the Treasury seal and serial numbers but I can’t explain how they got there other than guessing. Whatever and however they got there, it’s minor and the note has circulation wear and a minor red stain on the lower right corner. It’s kinda cool. I’d be tempted to keep it knowing it’s really no big deal.
I agree with Steve's assessment. It may be a very minor ink smear error but so minor that it wouldn't get much attention (hence much of a premium over face). Even if the note was in pristine UNC condition (which it is not) the degree of the ink smear is so insignificant that it will only attract a fringe element of the hobby (like collectors who go for broken ladders & other near misses). Errors are a bit like special serial numbers in that most collectors wish to get them in one level of UNC (or Almost UNC) unless extremely dramatic. But its a cool find (puts you out only a buck) so would be kind of neat to hang on to.
Thank you Steve and Serial,
I figured as much that not having a premium for this one is where it would land. I like it because it’s not supposed to be like this and I could see it with my eyes without any magnification or studying. I did notice the stain and that it is a worn note. It’s saved and out of circulation for someone else to enjoy someday. I will keep it. Thank you for giving your input. It helps me a lot.