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Availability Of Star Notes?

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Pillar of the Community
United States
2600 Posts
 Posted 11/16/2007  4:25 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list
I have looked for a long time and never found one.
Jim
New Member
United States
16 Posts
 Posted 11/16/2007  6:50 pm  Show Profile   Bookmark this reply Add SadieDee to your friends list
Cool! Thanks guys! I'll have to keep an eye out for them. I wish I knew about the star notes when I worked retail (I did, however, find a $1 silver certificate one day...). I got my husband now looking for the notes as well ;-)
Pillar of the Community
United States
2764 Posts
 Posted 11/16/2007  7:06 pm  Show Profile   Bookmark this reply Add SA4H to your friends list
Congrat and welcome, Sara.

Your case is special. Consider this: I ordered 300 $1 bills from my bank. It was in FED pack (100 notes each). I went through them all last night and I found NONE!

On the other hand - Last month, I ran out of cash to exchange for a stack of fresh $2 bill worth $100 (all brand new - 1996) and my bank doesn't have any branch near by so I went to BoA ATM to take out $100. They charge me $2 fee..... and 1 of the 5 notes that the ATM spit out was a STAR notes (2004) - which mean that was 1/5 ratio. I considered that $20 star note cost me $22 and I got to keep some really nice $2. I ended up put most of the $2 bills into my bank ATM to pay bills though..... I still have 1 stack of 10 consecutive, 1 stack of 8 consecutive, 1 stack of 5 consecutive and a few spare note.

Just keep looking for them........... it's one of the reason for you to "look" when you walk. Last week, me and my co-worker were doing some field inspection and he saw a $10 bill right in a squirrel hole/cave.... consider that LUCKY!
New Member
United States
16 Posts
 Posted 11/17/2007  2:20 pm  Show Profile   Bookmark this reply Add SadieDee to your friends list
Wow, I guess I am very lucky...I just got another star note today from McD's. It's a little beat up, but a 2003 series Chicago G05881807*.

:-) :-) :-)
Member
United States
3242 Posts
 Posted 11/17/2007  4:19 pm  Show Profile   Bookmark this reply Add amac44 to your friends list
It seam if I am looking for one I don't find them then I get one in change
that the way it goes
Pillar of the Community
United States
1173 Posts
 Posted 11/17/2007  6:22 pm  Show Profile   Bookmark this reply Add hunter20ga to your friends list
Adapated from "A Guide Book of United States Paper Money (Friedberg and Friedberg, 2006.)

Example: Series 2001 One Dollar Notes; Signatures of Marin and O'Neill

Issuing Bank Regular Issue Star Notes
Boston 448,000,000 3,520,000
Philadelphia 550,400,000 6,400,000
Atlanta 499,200,000 3,520,000
St. Louis 147,200,000 640,000

You will note (no pun intended) that the ratio of star notes to regular issue notes is low. St. Louis, for example, had only 640,000 star note dollar bills compared to 147,200,000. That gives us a ratio (in round numbers) of about 1 star note per 230 regular notes.

At the other end, Philadelphia issued 1 star note for every 86 regular notes.

It varies widely based on problems encountered during printing. For example, there are no star notes at all for this series from Cleveland, Richmond, Minneapolis or Kansas City. Of interest is the fact that Minneapolis issued only 6,400,000 regular notes, exactly the same number as the number of star notes from Philadelpia.

So...the availability of star notes depends on the issue and the specific Federal Reserve Bank.
Valued Member
United States
86 Posts
 Posted 11/23/2007  08:02 am  Show Profile   Bookmark this reply Add Randy to your friends list
I should have played the lottery 2 weeks ago. I got a $10,5,and a 1 star note the same day. All three from different locations. The 10 was change form my Credit Union, the five from a gas station, and the 1 was from the post office. It was in mint condition so I asked him to check to see if there were any others, he refused and called the next person. Still not bad for a 1 day haul.
Randy
New Member
United States
2 Posts
 Posted 03/05/2008  02:53 am  Show Profile   Bookmark this reply Add gpmajik to your friends list
I am fairly new to all of this, so it is possible that I am missing some important distinction (and if so, I look forward to being enlightened as to what it is I am missing), but I have not found star notes to be nearly as rare as everyone is saying. Is there more to it than just a note with a star after the serial number?

I work in a gas station with a lot of cashflow, so perhaps that is the reason, but I see star notes all the time, and did not until recently even know they were special. I don't know exactly what the ratio of "normal" to star notes I see, but I do know that whenever I mention star notes to someone and they are clueless, I can just grab a handful of ones from my drawer, sift for a few seconds, pull one out, and show them.

If these are really that rare, then should I be buying and keeping these? If so, I know I don't have nearly enough money to do it.

Comments? Suggestions?
Valued Member
United States
306 Posts
 Posted 03/05/2008  05:12 am  Show Profile   Bookmark this reply Add magusxxx to your friends list
I agree with you gpmajik. I work at a convenience store and $1 star notes come into my register at least once every week. I stopped collecting them because they were in well circulated condition and I had LOTS piling up. The only ones I kept recently were two $5 notes in uncirculated condition and sequential serial numbers.

I'm thinking since both of us have so much money coming through our stores in a short amount of time the chances increase. Also, my store is across the street from a university, and a dormitory. So, not only am I getting local currency, but also a lot of bills being brought into the city or being sent by parents to their kids.

In fact, just two weeks ago a guy almost gave me a Euro instead of a quarter!
Pillar of the Community
United States
4541 Posts
 Posted 03/05/2008  6:34 pm  Show Profile   Bookmark this reply Add daviscfad to your friends list
If you deal with money all the time you will see them a lot. If you dont spend cash much you want see them. Even if all you use is cash you still dont see them all the time. I know when I need the money to pay a bill here comes the star note! When I am just searching there none to be found! Ive gotten them in all types of places but to me the most common are 20's If you ask me. Its exciting to get them but some times you see them sometimes you dont. I know recently I Spent 35 in gas and gave them 40 and got back a 5 dollar star note. But few weeks later I cashed a check for over 6000 dollars and didnt see a one only thing I Saw worth keeping was a small face 50! Got to love the design of the 50 at least I do I think they look good in the album
New Member
United States
2 Posts
 Posted 03/05/2008  10:26 pm  Show Profile   Bookmark this reply Add gpmajik to your friends list
Today I counted 7 different star notes during my 5 hour shift. One of them had a pretty low serial number, and I wanted to save it but I didn't have $20. I did put it in the safe though, so I can have my manager get it out for me if you think its worth keeping. I don't have a picture but I wrote down the serial number:

EF00009606*

I dont remember what year, but it is new enough that it is colored. not perfect condition, but not bad either. (i am terrible at judging condition so I'm not going to even try and be any more specific than that)

Is this considered a low number? In general, how low is "low?" Any thoughts are much appreciated.
Pillar of the Community
United States
4541 Posts
 Posted 03/06/2008  01:37 am  Show Profile   Bookmark this reply Add daviscfad to your friends list
That should be a 2004 note E is the series in the serial number. Don't have an E series 20 on me but do have 2004A and 2006 and they don't have an E in the front of the serial number. The F means its an ATLANTA note and I would say its definitely a keeper I think 3 zeros in front of a note is considered Low 4 zeros is lower 5 zero is really really low 6 is extremely low and 7 is you might as well for get about finding those in circulation. Well not really forget but figured it would show you how rare it is to find one with 7 zeros. only 9 are made from each district. Make sure you get the note tomorrow definitely a keeper
New Member
United States
28 Posts
 Posted 03/06/2008  3:53 pm  Show Profile   Bookmark this reply Add Edward J to your friends list
Interesting topic. Yesterday I looked on ebay and there are dealers there with numerous consecutive numbers in star notes. How in the heck does he get them? Does the Fed ever send out bundles of stars? That would not make sense to me.
Pillar of the Community
United States
4541 Posts
 Posted 03/06/2008  4:13 pm  Show Profile   Bookmark this reply Add daviscfad to your friends list
Not sure what doesn't make sense to you Edward but hope this helps!

Yes The Fed does send out bundles of stars. I have heard of people buying 2 dollar bricks which contain 1000 2 dollar bills and all of them were stars. Just have to go to bank and buy new Straps of BILLS. Fed in general in not collectors they send out whatever the bureau prints and send them. You want receive the straps with all stars hardly any but you could come across some. Sometimes you buy a strap of new bills and dont even find a star. Sometimes you search through a bundle and find several
Valued Member
United States
80 Posts
 Posted 03/06/2008  11:37 pm  Show Profile   Bookmark this reply Add slugr to your friends list
A couple months ago I got a block of two dollar star notes in order from my bank. with dep strap
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