Absolutely. Of far more value for the reading only than the actual market value. And there's a reason for that. If he feels he screwed up the forgery, and that's going under the assumption that he exercises any quality control over his worst forgeries at all (and I would guess, not much, as they're all putrid abominations), he can take the finished forgery and shred it, he's out a quarter at most. He's not going to forge Lee on pieces he could get $10 for anyway, because A) his forgeries don't bring much more than that, and B) like all thieves, he's greedy. Aside from the money, he's getting a certain amount of satisfaction of turning quarters into $10 bills at the collector's expense; getting over on them, it's a psychological thing. It's all made very clear by Tonf..... er' VietNam67's posts on the subject, a window into the forger's mind and his incentives.