| Author |
Replies: 13 / Views: 4,979 |
|
|
Valued Member
Canada
290 Posts |
Hey, I was just wondering approximately how many star notes on average does one find in a strap(100) or other types of "blocks" of UNC notes ordered, for example, at the local bank branch, if that's how one most commonly obtains a strap ?
I've never order such a thing so I am clueless.
I changed USD traveler's checks in Ecuador where the USD is the official curreny and on the twenty-six 20$ notes I was given, 2 were star notes. Is it that common to find star notes in a "block" of UNC notes ?
Thanks!
|
|
|
|
Rest in Peace
United States
9104 Posts |
Star notes replace errors that were caught. I had a teller show me a new bundle of tens, 30 of which were overinked. Had they caught them, there would have been 30 * notes in that strap of 50.
|
|
Valued Member
 Canada
290 Posts |
Really... at a bank branch ? I was sure they looked for errors before the UNC bills are sent to banks. I mean, in Canada, according to the information I gathered, if I go to my local branch and order straps of notes, I will not find error notes but replacement notes with a special serial, if I'm lucky.
|
|
Pillar of the Community
United States
2295 Posts |
I would think if they are CU and in their original wrapper, the whole bunch would be star notes then. I have seen on ebay and have bought 100 packs of star notes and they are consecutively numbered too. The BEP wouldn't intermingle star notes with regular ones, especially since they are done in large orders grouped together and then cut and wrapped. That's why they are generally done in groups of 32,000. I bet a bank mixed some up then. If I remember correctly, when I toured the BEP about 6 years ago, they print 1,000 sheets at a time? And there are 32 notes on a sheet.
Edited by wquinn 02/21/2012 2:14 pm
|
|
Pillar of the Community
United States
2295 Posts |
Quote: Really... at a bank branch ? I was sure they looked for errors before the UNC bills are sent to banks. I mean, in Canada, according to the information I gathered, if I go to my local branch and order straps of notes, I will not find error notes but replacement notes with a special serial, if I'm lucky. I think they only look for obvious errors and check only some notes. They look at them in 32 notes per sheet, before they are cut. They might do some checking after cut/wrapped, but I doubt it. There are still error notes being found, so they don't do that good of a job in the US.  I know when I was at the BEP in DC, they would take a large stack of sheets of 32 notes and look them over, but not each note. There are billions of notes printed each year, so no way could they look over all of them. There are assumptions made, that if a few look good, then the rest do.
|
|
Bedrock of the Community
United States
14454 Posts |
I have seen the whole strap being star notes before but I am not sure if that is the common place but I have seen it
|
|
Valued Member
 Canada
290 Posts |
Quote: The BEP wouldn't intermingle star notes with regular ones Quote: I have seen the whole strap being star notes before but I am not sure if that is the common place but I have seen it Then only a lucky few would get their hands on them, and they would have all the monopoly =/ Is that right ? Quote: There are still error notes being found, so they don't do that good of a job in the US. Quote: I had a teller show me a new bundle of tens, 30 of which were overinked. Agreed, appears they don't do such a good job ^^
|
|
Pillar of the Community
United States
7840 Posts |
I have flipped through a few new BEP strap bundles of 100 $1 bills and plucked the star notes that were interwoven and replaced them with circulated notes. I have also snagged a BEP strap of 100 consecutive star notes, and sold it.
|
|
Pillar of the Community
United States
742 Posts |
I am not sure that all of you understand how star notes are printed and used by the USBEP.
When the BEP prints a run of notes, the star notes are printed in sheet form first. The general rule had been that the star run would be 10% of the amount to be printed. If they were going to print 6,400,000 notes, they would first print 640,000 star notes (20,000 sheets).
When a defective note is found on a sheet, the entire sheet is replaced with a sheet of star notes and the original sheet is destroyed. This is how star notes appear in packs of regular notes. If there were a problem like a stuck digit or an offset transfer that would affect multiple sheets in a row it is possible that many star notes would appear in a single pack.
When the print run is completed any unused sheets of stars are packaged up into packs of 100 notes. This is where packs of star notes come from.
If a defect is found after the notes are cut, the entire pack is replaced with a pack of star notes.
At one time, star notes came from the same Fed district as the regular run notes but not so anymore. In other words, you may find Atlanta stars in a fresh pack of New York notes.
|
|
Valued Member
 Canada
290 Posts |
Again, very informative answer 
|
|
Pillar of the Community
United States
2295 Posts |
Quote: When the BEP prints a run of notes, the star notes are printed in sheet form first. The general rule had been that the star run would be 10% of the amount to be printed. If they were going to print 6,400,000 notes, they would first print 640,000 star notes (20,000 sheets). How do they know what notes will be replaced after printing the star notes first? Don't they have to know the serial #s to replace first and then print the star notes? Plus what if a run has no problems. They just printed a lot of sheets used for replacing and now they don't need them. Sounds quite wasteful and expensive. Quote: When a defective note is found on a sheet, the entire sheet is replaced with a sheet of star notes and the original sheet is destroyed. This is how star notes appear in packs of regular notes. If there were a problem like a stuck digit or an offset transfer that would affect multiple sheets in a row it is possible that many star notes would appear in a single pack.
I'm not doubting you, but it just sounds strange and very time consuming that if one sheet out of thousands was defective, to go back and just replace that single sheet and then put it in the proper place in the stack. And then the stack goes into cutting and wrapping. I think there is something missing in the order you have stated how things happen.
|
|
Pillar of the Community
United States
742 Posts |
Star notes are their own series. The serial number on a star note bears no relation to the number on the note it is replacing. That is the entire purpose of the star. If the note was replaced with a note with the same serial number there would be no reason to identify it as a replacement.
The purpose of the star is explained on the band that surrounds a fresh pack. It says that if the notes are not in numerical sequence that the numbers out of sequence have a star in the serial number. That was a note to the bank teller or the first user of the pack that the pack was not tampered with if they notice that the numbers are out of order.
There are printers that use a make up system for replacements whereby the same serial number is reprinted. American Bank Note Company was one of them. You will not find an identifiable replacement on an ABN printed series.
Every run has problems. The BEP has been printing notes for 150 years now. I think they know what they are doing and how to calculate what their expected spoilage rate will probably be. If there are no problems, the star notes will get used eventually. They are not destroyed.
|
|
Pillar of the Community
United States
2295 Posts |
Now that makes sense. I thought the serial # had to be the same, but I found it on the BEP site and they say "exactly like the sheets they replace", but they must have it wrong on their site then? Since the serial #s aren't the same? Quote:
If they agree that in fact the sheet is defective, they will replace it with a star sheet. In design, the star sheets containing 16 star notes are exactly like the sheets they replace.
Go here and search on the word, star. It is about three quarters down the page: http://www.moneyfactory.gov/uscurre...process.htmlAfter reading it 3 times, I guess the serial # isn't part of the design then. Thanks for your patience on explaining it. Kind of late in the day and my brain has already left the building. 
Edited by wquinn 02/23/2012 3:45 pm
|
|
Rest in Peace
United States
9104 Posts |
Quote: When a defective note is found on a sheet, the entire sheet is replaced with a sheet of star notes and the original sheet is destroyed. A great explanation. The only thing you didn't mention is why bother with * notes at all. If a band contains 100 notes and all printed correctly, they would number 001-100. If five of them were pulled for errors, but not replaced with * notes, the pack would number 001-105; but that could mean there are 105 notes, or 100 notes with five outside the expected number range because five others were pulled. The next band would be 106-205, etc--awkward bookkeeping. By replacing errors with * notes, each pack always starts at #01 and ends at (#+1)00 (unless the end notes are * notes).
|
| |
Replies: 13 / Views: 4,979 |
|