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Fain provides that for those who hold the bill toward the light and there's no watermark or If you're able to see the watermark even without holding it up toward the light, then the bill you're Keeping is probably a copyright.

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Hello, I believe the 'spike' referred to is actually a scratch on the coin. It is actually commonplace to view a small area where the denticles are somewhat weak, I do think from the dies remaining somewhat outside of alignment ( merely a guess).

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