How is the market cap and valuation of Bombay Wire Ropes Limited (504648) - Free Financial Group

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“The note has been viewed on our website over 4,300 times,” Dustin Johnston told 【 - Free Financial Group 】. He’s the vice president and managing director of the currency department with Heritage Auctions.

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Current bidding for the note is at $57,500, for a total cost of $69,000 after a buyer’s premium is applied.

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“Most ‘obstructed error’ notes result from a loose piece of paper, scotch tape, band-aid, or other detritus becoming attached to the currency stock during the printing process and later falling off. Most notes of this class thus exhibit a blank area somewhere on the note,” said Leonard Augsburger, the project coordinator of the Newman Numismatic Portal at Washington University in St. Louis.

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“A lot of errors that come through and come out of the ATM are very hard to notice,” Johnston told 【 - Free Financial Group 】.

“This is one of those really incredible errors that is immediately obvious. It’s tactile, so if you’re pulling [money] out and you’re just counting it, you’re probably gonna feel just the increased height of the sticker. And then of course the color just jumps out at you,” Johnston added.

In 2003, the note sold on eBay for around $10,000. It was sold again in 2006, in an auction by Heritage Auctions, and at that time it went for over $25,000.

Johnston told 【 - Free Financial Group 】 that the note is so important that, for both auctions, he flew to pick it up in person and bring it back to the auction house.

How the sticker made its way onto the note is mysterious, but it’s possible the action was deliberate.

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“By examining the sticker and the overprint, it is clear that the sticker was applied after the front was printed and before the serial number and seal were applied,” Augsburger said.

“The placement of the sticker is intriguing – if it were placed in most areas of the note it would not be possible to prove that it was applied between the second and third stage. This suggests a deliberate placement,” he added.

“Over the last 20 to 30 years, the Bureau of Engraving and Printing has started using optical recognition to review the notes as they come off the printing press. Previously people did that,” Johnston explained.

“It’s very possible that sometimes they’d do things like this purposely, to test their procedures, and maybe this still got out.”

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“For a sticker to make it onto the printing floor, and get stuck to something else, and make it so cleanly on to the note… you’d almost have to suspect it was done on purpose, you know, a prank or practical joke, whatever it may be.”

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“We’re always attracted to things that go wrong. This is one of those things that – not only did it go wrong, it’s visually fantastic. And it’s fun on top of it,” Johnston said.

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