Johnny 1989

for the 1933 $20...i think the story is some worker stole around twenty pieces and replaced them with his own coins from earlier years. so the books listed all coins accounted for, and they believed all pieces destroyed. he smuggled them out, and sold them to collectors and a king...whose coin is the only one legal to own, i think. i've heard of the 1964 peace dollar...but i'm not too familiar with the illegal SBA.

 

but back to the $100,000 note...it was never made available to the public. it's sole purpose was to facilitate the transfer of large sums of money between the federal reserve system. if one made it out of the system and into the hands of someone in the public, that's federal grand theft. i'm not too familiar with buying/selling stolen property...but if you pay someone for a $100,000 note and the government finds out, i'm sure they would get their stuff back and not reimburse your loss.

Yeah but if it's their mistake, which can happen (click link at the bottom of my post for a £10 note that should never have made it into circulation), then why should they take it back, it doesn't neccessarilly mean it was stolen, just that it got put into the wrong pile at the Federal Bureau and distributed out in error.

http://cgi.ebay.co.uk/MISPRINTED-1993-BANK...VQQcmdZViewItem

The 100,000 Dollar Gold Certificate is the highest U. S. denomination. Only 42,000 were printed. They were used only for transactions between the Federal Reserve and the Treasury Department. These notes were never issued for public circulation. When the Government stopped using them, most were destroyed.

 

It's illegal for a private person to own one of these notes, and none has ever been in private hands.

 

So odds are whatever your friend has is a fake!!!!

I never quite understand American currency when it comes to collecting rarer notes & coins. I believe that also owning a Susan B. Anthony dollar coin of a certain year is also illegal and (as with this $100,000 note) will be confiscated (sp) if the federal reserve knows you have one

Why though? It's their own error if they managed to get into circulation.

When the Bank Of England was designing Edward VIII coins a few threepence brass pieces got into circulation & rather than them being illegal & confiscated (sp) they usually go up for auction at very high prices.

In some cases if it is a rare one (such as a 1933 one penny, although you are highly unlikely to ever see one of those anywhere) the Bank Of England has been known to take an interest in them & even offer if they're rare and not in their museum, usually if it is roman coinage or coinage of say Henry VIII

The Bank Of England never seems to deem them illegal, even banknotes with printing errors although they do advise that they should be sent back if only to stop arguments with shop keepers

Correct it has a reverse featuring six interlinked rings. Due to Edward's abdication however, it was never released. Very few were minted anyhow. I think there is at least one in existance, probably only a dozen of them at the most.

 

You will also notice James II is missing and a George IV type too.

I think the most common of Edward VIII's coins (and even that is extremly rare) is the uniquely designed Brass threepence which was diffrent to the final version & a "small number" got into circulation

There was also a Edward VIII version that was either never issued or was extremly rare. I have an image of it in my Spink book, Once I get a scanner I will scan the image & post it on here unless the image already exists somewhere online?

EDIT:

found this link :

http://www.silver6pence.com/acatalog/Histo...dward_VIII.html

However they don't come cheap & in actual fact this wasn't the original design it was six rings that where joined together