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Topic: The Misprinted Security Feature $10 Canadian Banknote  (Read 12714 times)
highbetter
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« on: March 31, 2009, 08:02:15 pm »

I obtained a misprinted banknote from my aunt as a cash gift in March7/2009 .
My aunt has obtained this misprinted banknote from a money dispenser at Fallsview Casino in Niagara Falls since March 5/2009.

The features are listed as below:
1.The holographic stripe is :20.
2.The watermark is:Queen Elizabeth II with 20.
3.The security thread is :CAN20.
4.The see through number is:10.
5.The raised ink is:Violet color.
6.The UV mark is:Colorful 10 with letters of Bank of Canada in English and French.
7.I found BTU 2190161 and BTU 2190162 (FPN61/BPN72)

{http://img10.imageshack.us/my.php?image=b10hix.jpg:http://img10.imageshack.us/img10/6608/b10hix.th.jpg} {http://img14.imageshack.us/my.php?image=c10b.jpg:http://img14.imageshack.us/img14/6775/c10b.th.jpg}

News  information on these links:
http://www.mingpaotor.com/htm/News/20090320/tad1.htm
http://news.singtao.ca/toronto/2009-03-13/headline1236932926d1653202.html

[edit]Original post deleted by author and restored by Admin.  --BWJM[/edit]
« Last Edit: June 18, 2009, 10:33:35 pm by BWJM »
highbetter
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« Reply #1 on: March 31, 2009, 08:17:34 pm »

Topic deleted
« Last Edit: April 02, 2009, 03:12:35 am by highbetter »
Elwoodbluesca
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« Reply #2 on: March 31, 2009, 09:55:08 pm »

What we know about these notes,

Confirmed finds:

BTT 9708306
BTU 2190162

What does this led us to believe from this right now?

There is a immense possibility of there being 2,481,854 misprinted notes available just from the two finds

A rare note? Maybe, but it is not looking that way.
« Last Edit: March 31, 2009, 11:34:37 pm by Elwoodbluesca »

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highbetter
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« Reply #3 on: March 31, 2009, 10:04:13 pm »

Topic deleted
« Last Edit: April 02, 2009, 03:12:59 am by highbetter »
Elwoodbluesca
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« Reply #4 on: March 31, 2009, 10:30:45 pm »

Yes there are at least 45 notes per sheet, and with two confirmed, that would make now 90 notes available.

Also with the two notes being from different ranges, it is also possible that there are over 2,000,000 misprinted notes available. More finds will need to be reported, within these ranges to determine and narrow down the ranges and numbers involved with this mishap.

Yes it is a nice note, but not worth $100,000
« Last Edit: March 31, 2009, 11:08:57 pm by Elwoodbluesca »

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highbetter
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« Reply #5 on: March 31, 2009, 10:58:53 pm »

Topic deleted
« Last Edit: April 02, 2009, 03:13:23 am by highbetter »
Elwoodbluesca
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« Reply #6 on: March 31, 2009, 11:28:31 pm »

Hello Highbetter,

Yes I am well aware of the printing process of notes, but thank you for sharing your insight with me and the rest of the forum, it is always good to re-examine the design and production processes to better understand what the different parties do.

I would now assume that you have more than one of these note, as you have pointed out “them” in your last post. I am not sure how many you have, but it would be great if you shared the info with us, as this is an exciting find. The more info we can obtain on the notes within the BTT & BTU ranges will help determine the extent of this anomaly.

What I have posted are just assumptions based on the information that is presently available, as I do not have all the info of the printing processes from the Bank of Canada for these notes. The more info obtained will help turn assumptions in to facts.

As you mentioned in your assumption of there being 45 consecutive notes.
If there were 45 consecutive numbered misprinted (yes that would be amazing), then

 45 consecutive x 45 sheets = would make 2025 notes. That's alot of notes.

Side note: (Notes from the same sheet are note consecutive; they fall into a numbering matrix which is talked about somewhere on the forum.)

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highbetter
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« Reply #7 on: March 31, 2009, 11:43:57 pm »

Topic deleted

« Last Edit: April 02, 2009, 03:13:43 am by highbetter »
alvin5454
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« Reply #8 on: March 31, 2009, 11:53:03 pm »

In the long run, this note may fall into a category of a variety, rather than an error, even though it is an error.
Similar error/varieties in coins have become valuable over the years, such as the 1872 inverted A over V 50 cent piece.
If it's established (or an educated estimate) how many of this note were produced and/or issued — even if it's in the thousands — it still could carry a premium.
For those of you who are fortunate enough to be in possession of one, or a bunch, hang on to them until a value is established.
However, it may take years.
friedsquid
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« Reply #9 on: March 31, 2009, 11:53:50 pm »

Quote
What we know about these notes,

Confirmed finds:

BTT 9708306
BTU 2190162

Just for the record , I had BTU 1304209 and the security was the correct one for the $10 note :'(



Always looking for #1 serial number notes in any denomination/any series
Elwoodbluesca
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« Reply #10 on: March 31, 2009, 11:55:12 pm »

You are absolutly right, 100 Notes per bundle.

This is really cool that you found 20 consecutive, and I am sure they are in very good condition. Very nice find indeed.

So now we can update the info a little more:
Known 21 error notes @ 45 notes a sheet = 945 in circulation.

But there is the possibility there are more, but will they be found is another story.


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friedsquid
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« Reply #11 on: March 31, 2009, 11:59:42 pm »

Quote
In the long run, this note may fall into a category of a variety, rather than an error,
I assume that this is what happened with the so called white circle "variety" on the $10 notes?



Always looking for #1 serial number notes in any denomination/any series
Elwoodbluesca
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« Reply #12 on: April 01, 2009, 12:01:27 am »

I assume that this is what happened with the so called white circle "variety" on the $10 notes?

Oh I won't even get into that one again, but yes, lol

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highbetter
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« Reply #13 on: April 01, 2009, 12:06:31 am »

Topic deleted
« Last Edit: April 02, 2009, 03:14:16 am by highbetter »
friedsquid
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« Reply #14 on: April 01, 2009, 12:11:49 am »

Quote
It's an unknown answer that how many notes I have.
Congratulations on your find...but I'm getting bored of the repetition



Always looking for #1 serial number notes in any denomination/any series
highbetter
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« Reply #15 on: April 01, 2009, 12:12:18 am »

Topic deleted

« Last Edit: April 02, 2009, 03:14:42 am by highbetter »
friedsquid
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« Reply #16 on: April 01, 2009, 12:14:30 am »

Thank you for your reply.
I shall keep them as long as I can but I want to reward my aunt .
Therefore,I intend to sell one and get the cash for her.


So what happened to
Quote
(I keep themfor my kids.) them

either sell it or put them away



Always looking for #1 serial number notes in any denomination/any series
highbetter
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« Reply #17 on: April 01, 2009, 12:15:28 am »

Topic deleted
« Last Edit: April 02, 2009, 03:15:01 am by highbetter »
highbetter
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« Reply #18 on: April 01, 2009, 12:18:33 am »

Topic deleted
« Last Edit: April 02, 2009, 03:15:28 am by highbetter »
coinsplus
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« Reply #20 on: April 01, 2009, 01:06:33 am »

News  information on this link:
http://www.mingpaotor.com/htm/News/20090320/tad1.htm
http://news.singtao.ca/toronto/2009-03-13/headline1236932926d1653202.html

For those that can't read Chinese, thanks to Google technology, I am able to translate the Ming Pao news article.  Although not 100% accurate, it's better than nothing:

Security mistake misprinted rare 10-dollar note

Ming Pao News - A member of the public has brought to our attention a printing error which has a face value of 10 dollars.   The notes are the real thing, but the security identifier above the printed version of the error was the mistake.  The founder of the note is concerned that there is are large quantity of this wrong 10 dollar version, which will have a negative affect on the reputation of Canadian money.

However, while the Bank of Canada said that the wrong printing version of Canadian money is very rare, they doubt that this will affect its credibility.
 
As this 10 dollar note is a real error note, you still need to carefully have error notes identified by experts.

This note with a face value of 10 dollars has three different security features than a regular 10 dollar note. 

First, the note has a positive portrait of laser hologram on the left side of the security, this should be reflective of the figure 10 are now turned into a 20.

Secondly, followed by middle notes of the watermark, the normal 10-dollar notes in the transparent watermarks are former Canadian Prime Minister Sir John A Macdonald portrait, and have a number 10 printed.  However, this particular note has the watermark of the Queen's Head and the number 20 printed, of which such a combination should appear in the place of a 20 dollar note. 

The third different error can be found back side of the note where there is a security thread.  It shoud be CAN10, but it shows instead CAN20.

In addition to these questions, and other notes used to identify the authenticity of the letter and the convex-concave pattern, it goes for real currency, so the holders of notes that Mr. Wu is a real currency, but a printing error, the 20 dollar note Some anti-counterfeiting printed signs up to 10 per coin.

Mr. Wu does not know the market value of this note, so he went to a Richmond Hill coin/stamp dealer with his inquiries the results of where store staff said they often receive inquiries about different notes found.

As for this problem, we contacted the Bank of Canada Office in Toronto, where the regional representative Manuel Parreira said, "This is a special note with unique differences.  There is the issue of anti-counterfeiting marks, and the authenticity of this note, but it should be examined by the Bank of Canada's experts to get a correct answer.  Even people who find printing error notes are sent from banks, to our Bank of Canada office to have someone examine the note in hand, to make a final identification. "

Parreira suggested that Mr. Wu contact the Bank of Canada to have this note verified to be legitimate/identified.   
"If it is a true 10-dollar note and a typographical error, then we will withdraw it as legal tender, and then give the original holders of this notes a normal note.  If it is a counterfeit, we will immediately confiscated, and we will issue a certificate."

The remarks about the probability that there is a lot of printing error notes in circulation is "nonsense" said Parreira.  "The credibility of the Canadian money is excellent, but a few mistakes do happen."

{http://www.mingpaotor.com/ftp/News/20090320/_a01.jpg}

{http://www.mingpaotor.com/ftp/News/20090320/_19dg61.jpg}

Congratulations to Mr. Wu, the holder of the BTU 2190162, who contacted the local Chinese newspapers on his find! 
« Last Edit: April 01, 2009, 10:14:55 am by coinsplus »

  Smile from your heart.  ;D
highbetter
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« Reply #21 on: April 01, 2009, 10:46:16 am »

Topic deleted


« Last Edit: April 02, 2009, 03:15:54 am by highbetter »
highbetter
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« Reply #22 on: April 01, 2009, 09:48:35 pm »

Topic deleted
« Last Edit: April 02, 2009, 03:16:11 am by highbetter »
BWJM
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« Reply #23 on: April 01, 2009, 09:56:42 pm »

Real simple explanation: A sheet of $20 paper was used. This paper comes complete with the reflective strip, the security thread and the watermark. Each of those security features on your note indicated a $20 denomination, while everything else was appropriate for a $10.

There's your answer. Case closed.

BWJM
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highbetter
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« Reply #24 on: April 01, 2009, 10:07:57 pm »

Topic deleted
« Last Edit: April 02, 2009, 03:16:31 am by highbetter »
highbetter
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« Reply #25 on: April 01, 2009, 10:10:18 pm »

Topic deleted
 
« Last Edit: April 02, 2009, 03:16:51 am by highbetter »
polarbear
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« Reply #26 on: April 01, 2009, 10:55:15 pm »

HI Highbetter

Welcome to the forum.  You have a lot of very intelligent and great people here who can help you.  If you are a collector, then this is the site for you. 

Regarding this note.  If you like it, keep it.  If you want a value of it that may be more difficult.  If you have more then one, then keep them for all your kids.  If you want to sell them then offer them for sale.

Saying chinese members are not welcomed is absolute rubbish and  you show very much disrespect.  I am  oriental  and have met many of these members personally and  they have all been respectful and helpful in all ways.    You would be surprised by how many different ethic cultures are on this site.   

If you want to share a nice find, then share it but don't play games.  This is a professional site and is run by many professional people here,

regards

Polarbear



coinsplus
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« Reply #27 on: April 01, 2009, 11:02:00 pm »

Hi highbetter,

Everyone is welcome here on this forum no matter what their ethnicity, culture and/or background.  There are a number of Asian members on the Canadian Paper Money Forum.  No where in these posts did any members of this forum commented or criticized your ethnicity.

Now, going back to this $10 note, there seems to be some differences in the articles between the SingTao and MingPao and the discussions on the forum as to how this note was obtained.   In both cases, it's states that "Mr. Wu Tien-Mei" obtained this note and brought it to the attention of the media, but in Chinese "Tien-Mei" (means "more beautiful" when translated into English and is rarely used as a male's name - it's more a female name).   There seems to be some differences in the stories. 



 


« Last Edit: April 01, 2009, 11:56:21 pm by coinsplus »

  Smile from your heart.  ;D
highbetter
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« Reply #28 on: April 02, 2009, 02:53:38 am »

Topic deleted
« Last Edit: April 02, 2009, 03:17:17 am by highbetter »
highbetter
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« Reply #29 on: April 02, 2009, 03:06:14 am »

Topic deleted
« Last Edit: April 02, 2009, 03:17:50 am by highbetter »
highbetter
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« Reply #30 on: April 02, 2009, 03:07:39 am »

Topic deleted
« Last Edit: April 02, 2009, 03:18:13 am by highbetter »
polarbear
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« Reply #31 on: April 02, 2009, 07:25:58 am »

Seems we lost the thread of Highbetter.  HMMMM :o :o :o
BWJM
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« Reply #32 on: April 02, 2009, 09:59:36 am »

It appears that the original poster has had a small temper tantrum and has deleted the content of their posts in this thread. To prevent any further loss of information, I have locked this thread. I have also restored the content of the initial post as it contained key information and photos.
« Last Edit: April 02, 2009, 10:04:51 am by BWJM »

BWJM
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President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.
 

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