Coin and Paper Money Collecting/1901 $10 Bison note

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Question
Hello-- I have a 1901 $10 Bison note certified by PCGS as Very Choice New 64 PPQ. The reverse is somewhat off center and at the very bottom of the note on the back is a strange mark that under 10X magnification looks like some sort of ink mark. Could this be a cutting mark? It does not appear to be a smudge or counting mark. And PCGS made no comment about it. Can you help identify this? Thanks!  

Answer
Without seeing a picture it is tough to answer your question.  Unless the strange mark is in the very center of the note then it is highly unlikely it is a cutting mark.  If the note is the B or C note from the sheet then there is no chance it is a cutting mark.

Large size sheets of currency (and other old money) were printed on sheets of four, with the top note being the A note and the bottom was the D note.  The top and bottom of the sheet did have a symbol that looked like a T or upside down T.  However, for remnants of that mark to be present the note would have to be extremely poorly cut.

If the mark is only noticeabe under 10X magnification then it is most likely just a paper flaw or stray ink mark.  Either way, it is not really important in terms of value.

Coin and Paper Money Collecting

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Manning Garrett

Expertise

I can answer any question relating to valuing US Currency. My specialty is national currency, large-size currency, and small size issues between 1928 and 1957. Many bank notes have variables that can make two seemingly identical notes have very different values. That is why it is so important to work with an expert. I also work with rare Canadian banknotes as well as some foreign currency (mostly British Commonwealth countries). I have participated either as a buyer or seller in more than 500 different coin auctions.

Experience

I have been a full time currency dealer since 2006. I set up at about ten national coin and currency shows per year all across the country. My company has a retail location in Greenville, SC. I also run a website about old money values. I am also currently the director of currency auctions at Stacks Bowers. So I am in a unique position to see, value, and sell millions of dollars worth of paper money on a annual basis. I have been lucky enough to sell hundreds of individual banknotes worth over $10,000. I personally hold several world records for highest price paid for certain categories of banknotes. While I personally don't deal a tremendous amount of coins, I can provide sound advice on where to sell coins in NYC, and other major metro areas across the country. I have seen the worst of the worst and the best of the best when it comes to coin dealers. If you don't want to publicly ask a question then you can always view our coin value guide at Coins.com.

Organizations
South Carolina Numismatic Association (Life Member and Past Board Member), Society of Paper Money Collectors (Life Member), American Numismatic Association (Member), Florida United Numismatist Association (Member)

Publications
Bank Note Reporter, Chicago Tribune, Dozens of Smaller Local Newspapers

Education/Credentials
Clemson University BS in Corporate Finance, Western Carolina University Masters in Accountancy, ANA Summer Seminar 2013 (Coin Grading)

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