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 Replies: 17 / Views: 3,202 |
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New Member
United States
49 Posts |
I have been buying every start note that I find. Is this a good idea, or am I just building a star note savings account? Just looking for input from some seasoned folks.
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Valued Member
United States
447 Posts |
Where are you buying them from? Auctions? Coin shops? ebay? Somtimes its better for you to be looking at your change or like me, every paycheck I would go to the bank and withdraw $100-$200 singles and look through them for stars, errors (very rare), or special serial numbers (binary, ladders, radar, low serial, etc.) Its fun and saves you some money instead of buying them. Unless its uncirculated or something about the star note that you must have. Then go for it! Vince |
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Member
United States
1154 Posts |
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Valued Member
United States
447 Posts |
quote:
wow how many did you buy
Well, I brought a few notes on ebay but majority of notes I get is from change and from the banks. |
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Pillar of the Community
United States
1173 Posts |
Well...you can't lose money on the ones pulled from circulation. If you're willing to hold onto star notes long enough, you'll likely be able to sell them for a modest premium over face value. I don't think they are a "get rick quick" kind of item, however. You'd probably do just as well investing in a well run mutual fund...and very likely much better.
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Valued Member
United States
80 Posts |
I got 100 Two stars at my bank you have to be lucky
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Pillar of the Community
United States
543 Posts |
I get all mine from circulation and I sell them on ebay, sometimes netting $10+. |
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Pillar of the Community
United States
4541 Posts |
Yeah only bought star notes 1 time on ebay. If you do like the other guys were saying, PAYING ATTENTION TO YOU POCKET CHANGE or anytime you receive bills you will see them now and again. The only thing I found bad about buying them is sometimes you get over charged and it will take for ever for you to get your money back on newer notes I think. Do like Lucky said and ask for new bills @ the bank. you are more likely to see them in there or could possibly get a whole strap of stars. Just have to keep at it. The best part about it is if you purchase from banks and don't see any you can turn them in and get another strap and you want loose money! |
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Member
United States
3242 Posts |
Paper money hot and in 10yr who now, the 10 or so 1s stars maybe worth waiting for.
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Pillar of the Community
United States
543 Posts |
I admir ethe getting moneyy at the bank suggestion, that always seems to work.
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Valued Member
United States
486 Posts |
I found a star note $1 bill that was heavily circulated. I accidentally spent it. Woops!. I believe it was from 1996. was it worth anything more than a dollar? -PP
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Pillar of the Community
United States
4541 Posts |
If so probably not much! I think serial number and age have a lot to do with it. I have silver certificate stars in 1 dollar denomination and they don't demand much of a premium if it isn't in nice condition and there 50 years old or more. I like to hang on to them b/c I think they are neat
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Valued Member
United States
280 Posts |
Don't pay more than face for a modern star note unless it's truely UNC (avoid the AU's advertised as UNC).
Otherwise searching circulation is a good way to find stars at face.
Technically you can lose money even if you bought notes at face value. Inflation is always eroding the value of paper money. I personally choose to look the other way because collection is more than an investment, it's a hobby and most people literally pour money into their hobby. Me, I know the bottom is always at least the face value of my collection.
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Valued Member
United States
240 Posts |
I am a cashier, so everytime I see a starnote, I will swap it with one of my notes. hehe! I just tell the other cashiers the star looks neet, so they are watching for them for me! I didnt tell them what they were! I have about 10 $1 stars, how long does it take until the value of it goes up? 10 years? 20? etc.
Edited by Dillon
03/03/2008 3:33 pm
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Pillar of the Community
United States
4541 Posts |
People make money off them in uncirculated condition on ebay right now. But I think it has a lot to do with what I said earlier serial number and the branch of FRB it came from for new bills." plus mintage sometimes" I have several star notes I have found in circulation and just to name a few I have A nice 50 dollar star note from 1981A san fransico! In unc 63 its worth 250 and 1990 50 dollar star note Chicago, its value in unc 63 is worth 150 so thats a hundred dollars in 9 years! I dont have these notes but figured I would share, a 2001 new york 50 dollar star is worth 750 and a 2001 50 dollar star note from richmond is worth 350 in Unc condtion. So really depends on a lot of different things. The mintage on the richmond is a lot less but still not worth as much 64,000 notes printed. The New York note had 320,000 notes printed and is worth more! Thats the best I can explain to you. Almost a hit or miss thing! |
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Valued Member
United States
240 Posts |
oh, I see. is there any site that shows how many stars were printed from each district?
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Replies: 17 / Views: 3,202 |
Posted 11/07/2007 7:17 pm
