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2013 One Dollar Error Star Note?

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Pillar of the Community
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 Posted 04/15/2015  12:21 am  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
Woow. THat is so cool! Very nice find.
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 Posted 04/15/2015  01:03 am  Show Profile   Bookmark this reply Add ammobill10 to your friends list
The whole error on a bill used to replace error / misprints blows my mind . Definitely a keeper. All the off-center bills I've seen in circulation haven't had any of the neighbor bill print on it. An excellent example of a cutting error. IMHO
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 Posted 04/15/2015  05:02 am  Show Profile   Bookmark this reply Add John1 to your friends list
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 Posted 04/15/2015  2:59 pm  Show Profile   Bookmark this reply Add newhobby to your friends list
I thought it was a good one
Pillar of the Community
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 Posted 04/15/2015  8:45 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
Looks like a few lowered numbers too.
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 Posted 04/15/2015  9:11 pm  Show Profile   Bookmark this reply Add Buddy to your friends list
ckrakowski, thanks. I've only been saving stars from much smaller runs for each FRB. And by 'saving' I mean keeping them in an album instead of a paper envelopes. I keep them all...(sigh).
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 Posted 05/08/2015  01:56 am  Show Profile   Bookmark this reply Add Numisma to your friends list
Great find, especially on a star note. In all my (7) years collecting I have yet to find even the slightest error- I check every note I see, including for mismatched serial numbers.
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 Posted 08/24/2016  03:53 am  Show Profile   Bookmark this reply Add BanDurby to your friends list

Quote:
question: Is it the size of the run that matters or the overall number printed for that FRB? I guess from what's been posted it is just the number printed for each run but I had always assumed it was the total for each FRB....


It is the total print that matters. Tools like the star note lookup, while very useful, tend to be misleading with respect to this specific matter. A 320K single run print, such as the 2009 H*, command significant premiums. A 320K run 4 from a total print of say 19M and 6 runs is certainly not rare. Consider the standard 3.2M run the cap for total print volume; e.g. a 3.2M note from a single run print of 3.2M total is far scarcer, and commands a more significant premium, than a note from a run of 640K or 320K where the total print is much larger.

Pay attention to this when buying star notes especially. Many notes listed as short run/whatever are from very average to very large total prints. Most people listing these are doing so completely innocently, of course.

Perhaps in the future these lookup tools will distinguish between actual scarce notes, and wishful-thinking scarcity. The next time you see a rectangle of red, pink, orange, or yellow while a star note is close by, check that total print size! (:

I really hope I didn't ruin anyones day! Always best to be informed, though.

Best,

D
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 Posted 08/24/2016  03:57 am  Show Profile   Bookmark this reply Add BanDurby to your friends list
Oh! Re: the specific note you posted about: mas premium. If it weren't a star note it'd still be valuable relative to it's face value. But seeing as it's a replacement note that is itself horribly deformed, and managed to squeak through, I'd say you have yourself a very, very nice find. I'd be thrilled, beyond thrilled, to see one of those circulating. Kudos!
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 Posted 08/27/2016  1:22 pm  Show Profile   Bookmark this reply Add currencyman to your friends list
My best error note(not much lol) is an offcentered green seal on a 1993 (seal is touching the washington D.C.
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 Posted 08/27/2016  3:01 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list
Usually a cutting error should show part of the adjacent note, like the OP's example, and this note here;

2013-One-Dollar-Error-Star-Note?

I have some other examples that are close, but not quite there. I bought this one because I collect serial #12.

2013-One-Dollar-Error-Star-Note?


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 Posted 08/27/2016  3:19 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list

Quote:
It is the total print that matters. Tools like the star note lookup, while very useful, tend to be misleading with respect to this specific matter. A 320K single run print, such as the 2009 H*, command significant premiums. A 320K run 4 from a total print of say 19M and 6 runs is certainly not rare. Consider the standard 3.2M run the cap for total print volume; e.g. a 3.2M note from a single run print of 3.2M total is far scarcer, and commands a more significant premium, than a note from a run of 640K or 320K where the total print is much larger.


There are two camps on this controversy.

Traditional thinking agrees with the above quote, but there is a different camp , let's call them "run" collectors that collect low print runs within districts. A perfect example is a very rare 32K run that happened in the series 2009 $1 New York district. Overall the star note total for 2009 New York (B*) is almost 9 million. Run #3 B06400001*-B06432000* (32K) is expensive and doesn't come up for sale in an unciculated example very often. Since about series 1999, when the Standard Guide to Small-Size U.S.Paper Money started listing run sizes within a district, many modern star note collectors collect by run, and not just by district.

2013-One-Dollar-Error-Star-Note?
2013-One-Dollar-Error-Star-Note?

I bought this pair (raw) almost 4 years ago for $400, and have been offered triple that since having them graded.

Edited to add; Usually collectors with registry sets, that only need one highly graded star note from each district, and old school collectors are in the first group.
Edited by SteveInTampa
08/27/2016 3:25 pm
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 Posted 08/28/2016  09:25 am  Show Profile   Bookmark this reply Add BanDurby to your friends list

Quote:
There are two camps on this controversy.

Traditional thinking agrees with the above quote, but there is a different camp , let's call them "run" collectors that collect low print runs within districts. A perfect example is a very rare 32K run that happened in the series 2009 $1 New York district. Overall the star note total for 2009 New York (B*) is almost 9 million. Run #3 B06400001*-B06432000* (32K) is expensive and doesn't come up for sale in an unciculated example very often. Since about series 1999, when the Standard Guide to Small-Size U.S.Paper Money started listing run sizes within a district, many modern star note collectors collect by run, and not just by district.


Also a good point. I would certainly consider a 32K run from any print size relatively rare at the very least because, well, it is. Simle searching of production reports shows they almost never happen. Same with the other random-out-of-pattern/smallest-of-the-small sized runs like 128k, 512k, 64k, etc.

The best I've found myself in circulation were two separate $1 2009 St. Louis *'s in spring 2015 in relatively new condition. Then countless 640k/320k multiple run notes, and a handful of 640k single runs. Most recently (about a week ago) I pulled a $1 2009 J03305425* from a strap which is 640k of 1.28m which I enjoyed finding as I don't see many Kansas City *'s here in Connecticut, and because it's the first 1.28m total print I've found personally. Lately, I'm inundated with $1 2013 B, F, and K *'s. Generally 1-2/strap.

I think my primary point/concern was/is that people be aware that there are differences/subtleties to the matter which must be considered when selling or buying.

Lastly, I'd like to put out a request that people contribute to this thread (or perhaps a new thread? still new here; not entirely sure of forum etiquette.) with their personal/current opinion/understanding on the run/print size issue. Do you collect short prints? Short runs? Short runs within districts? Why? Why not? And don't just consider stars; I've been collecting X/Y notes myself lately as very few $1 series have reached X, and specifically the 2013 $1 L/X group which is only a single run of 12.8m notes (in addition to being an X) where typical prints are 15 runs and 96m. (Link to coincommunity thread on X and other high block letters: https://goccf.com/t/237130#2001445)

—D

p.s. will upload a some photos of my most extreme cutting error find from circulation, along with some stars and high block letter finds when I'm near them.
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 Posted 08/28/2016  09:27 am  Show Profile   Bookmark this reply Add BanDurby to your friends list

Quote:
I bought this pair (raw) almost 4 years ago for $400, and have been offered triple that since having them graded.


Also, wow! I wasn't aware of the premium/demand on specifically very low run sizes. Beautiful notes, Steve!
Pillar of the Community
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 Posted 08/28/2016  2:06 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list
This pair looks like they would grade well....at the least GEM.

http://www.ebay.com/itm/15220457088...RK:MEBIDX:IT
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