Is this a cent error and is it valuable? 0

[Fadi Assaf]

[AJ2008]

im sorry, but flipping through my US notes book, i can't find anything like this. prob just some water damage and wear. 

[kbbpll]

A currency collector will have to respond, but I think @Fadi Assaf might be referring to how off-center the margin of this $20 is.

[RWB]

No. No. And no.

 

[Henri Charriere]

My understanding is  many of the lower denomination notes, which bore the brunt of wear and tear, like Silver Certificates, exhibit this look.  This bill was printed by the BEP in Washington, D.C., c.1934, for distribution to the FRB's district in Philadelphia, PA. [The BEP also printed larger denominations such as $500 - McKinley, $1000 - Cleveland, $10,000 - Chase [and $10,000 - Wilson, for dedicated, inter-FRB use between the twelve districts in the nation.]

Considerations in grading are many but are centered primarily on age, paper quality (exeptionally crisp versus worn out used bills; with little or no folding, holes, staining) and scarcity.  Obviously, the older notes withdrawn from circulation after being forwarded to the FRB, and then, on to Washington, D.C., command the highest premiums.  Their respective availability gets smaller or remains the same with each passing year. Price, as always, is predicated on demand.

[Alex in PA.]

1st ever 'Paper Cent'.    

[Fenntucky Mike]

The misaligned cut is not enough to warrant a premium. Typically, a portion of the next note needs to be visible, or a portion of the design missing, or the cut/s need to be at a sever angle before you'll see any type of premium paid. Right now, all that misalignment does is drop the grade of the note further.

[Oldhoopster]

On 1/15/2022 at 6:32 AM, Quintus Arrius said:

My understanding is  many of the lower denomination notes, which bore the brunt of wear and tear, like Silver Certificates, exhibit this look.  This bill was printed by the BEP in Washington, D.C., c.1934, for distribution to the FRB's district in Philadelphia, PA. [The BEP also printed larger denominations such as $500 - McKinley, $1000 - Cleveland, $10,000 - Chase [and $10,000 - Wilson, for dedicated, inter-FRB use between the twelve districts in the nation.]

Considerations in grading are many but are centered primarily on age, paper quality (exeptionally crisp versus worn out used bills; with little or no folding, holes, staining) and scarcity.  Obviously, the older notes withdrawn from circulation after being forwarded to the FRB, and then, on to Washington, D.C., command the highest premiums.  Their respective availability gets smaller or remains the same with each passing year. Price, as always, is predicated on demand.

 

Fyi

The note in this revived, 2 year old thread is a series 1934C.  They were printed in approx 1948.