$2 error note from bank
dcarr
Posts: 8,987 ✭✭✭✭✭
I sometimes ask at my bank for a $200 pack of (100) $2 bills, hoping to get some star notes. I have not had any luck with that so far. So I end up spending the notes over time.
During my most recent trip to my bank I encountered a new teller that I had not seen there before. As I usually do, I asked him if he ever had any weird or unusual money come in. He said "not really", and then asked what should he look for. I stated any coins that are different or that are rejected by the counting machine. He asked about currency. I told him that any older notes or misprinted notes should be set aside and that I am the person who could tell him if they have any value. Then he asked what sorts of errors can occur on paper money. I told him about some types and what they can be worth. I added that I had never actually acquired a printing error on currency in circulation or at a bank (which is true).
After cashing my check I asked for a $200 pack. The teller went to the vault and came back with one. He asked if I wanted it counted. I said no because I could see that it was a new BEP strapped pack. As the teller was handing it to me we both simultaneously noticed what looked like a small scrap of paper on the back of it. He was about to tear it off and I went NOOOO !
I told him that it was a corner fold-over error (after printing but before cutting). That was one of the types of errors that I had just told him about. I stated that this was a fairly minor fold-over error that was worth maybe $10. But as the last note in a full pack, I think that makes it a little bit more interesting. The teller did let me buy the pack, as-is, for the $200 face value.
These types of cutting errors can sometimes be "simulated" by a person cutting up a full sheet after it left the BEP. However, BEP sheets of $1 and $2 notes of this era do not have sequential numbers on the same sheet. Every note on the sheet will have the same last two digits in the serial numbers. Since this note (below) is part of a sequential pack, that is proof that it is a legitimate BEP cutting error and not a simulated error by someone cutting up a sheet outside of the BEP.
It is fairly rare that I would talk to a bank teller about printing errors on paper money. And then to actually get an error from them right after that is a strange coincidence.
Comments
its all good
That's a great error to catch in UNC & amusing story (to go along with it).
I think these fortunate coincidences (that you were thinking along the lines of your good fortune) are a function of probability (even as remarkable as it may seem). I was recycling cash (taking out/exchanging thousands of dollars in FIVES & TENS) constantly in search of tough prefixes or special serial numbers. I never found one error. More often than not, I struck out since just a common radar is still a 1 in 1000 odds (here in Canada). Rarely, did I catch the tough prefixes I was searching for.
Then in 2007 I bought a Lotto ticket & paid for it so I would get all bills (no change) & received a well worn solid 8 radar $5.00. I have only found a handful of 2-digit radars but no solids through my bank exchanges, yet found this solid 8 radar through a Lotto ticket purchase. I abandoned the recycling cash bank exchanges for a while (realizing how crazy the odds were against me of finding anything exciting).
Great story (awesome find) & thanks for sharing!
**https://sites.google.com/view/notaphilycculture/collecting-banknotes **
Situational awareness is a beautiful thing. Nice get. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
Cool error find in the wild!
I haven't asked for $2 packs from my credit union, but often ask for 'odd money'
Two dollar bills, Fifty cent pieces, ect. The teller had 5 two dollar bills this time and showed me one and said "do you still want it" it had orange paw prints on it to which I exclaimed "Cool!"
I then chatted about how these are the ones I like and generally the regular $2 bill become tips for Gratuity.
My favorites are the track this bill, and short snorters with peoples signatures on them... I look for bank chop marks too
Happy hunting! That would have sucked if the teller ripped the fold in front of you... good thing you stopped them!
It's all about what the people want...
Very cool find.
I’d most likely submit it for grading.
It's from a student or alumni of Clemson University.
From an article:
Since the 1970s, Clemson fans have been slipping these tiger-paw-stamped Jeffersons (that's the president on the front) into the hands of valets and bellhops, taxi drivers and bartenders all over the country as a way to let them know the Tigers are in town. The brainchild of George Bennett, an executive director of Clemson's IPTAY booster club, the $2 bills started as a publicity stunt to show cities and football teams that scheduling the Tigers was good for business.
Nice score!