Coin and Paper Money Collecting/2009 $100 bill miscut

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2009 $100
2009 $100  
hello, my wife is a banker and she found an error not in a fresh Fed Res strap. it is a 2009 hundred dollar bill with almost half the bill above still attached...both bills have the same serial number.....that is if the 3000 numbers between the bill and the one below and above is still the case. I cannot find any comparable errors on the internet. any idea on value. Is it something I need to adjust my insurance coverage for?

Answer
That is a neat find.  These have only been circulating for about six months.  So errors are still few and far between.  I think your error should be worth in excess of $3,000 today.  Once a few billion more of these are printed then the odds are that the error will be less rare and worth considerably less money.  I would investigate selling it while it is still fairly unique.

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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