| Author |
 Replies: 13 / Views: 3,143 |
|
|
Press Manager
 United States
1420 Posts |
Paper Money Guaranty - Fewer than a dozen representatives of this variant are known to exist.Paper Money Guaranty® (PMG®) certified a rare and high grade 1928B $2 Star Note, attributed as Fr. 1503*. Graded PMG Gem Uncirculated 65 EPQ, it is by far the finest of the five examples that have been certified by PMG. The highest grade previously assigned to a 1928B $2 Star Note was PMG Very Fine 30. "Star Notes" are issued by the United States when a note or group of notes cannot be released, typically because they were damaged or had printing errors. A star is added next to the serial number to indicate that the note replaces another of the same serial number. All 1928 $2 Star Notes are seldom seen and 1928B Star Notes are particularly rare. Fewer than a dozen representatives of this variant are known to exist.  The note was submitted by John DeRocker for PMG on-site grading at the recently concluded ANA World's Fair of Money in Chicago. DeRocker is an active participant in the online PMG Registry, a free and fun resource that allows collectors to display their notes and compete against other collectors around the world for the best sets. The addition of this note fills a slot in DeRocker's top-ranked "The 'DeRocker Collection' 1928-1966A Complete Legal Tender Block Set" and increases the set's overall score by nearly 20%. "The PMG Registry has inspired me to take my collection to the next level," says DeRocker. "My quest to build the greatest collection possible led me to spend the past decade hunting for this particular note and I am thrilled that I can finally add it to my PMG Registry Set." Bruce Thornton, PMG Finalizer, says that "DeRocker exudes an extreme passion for collecting. His dedication and enthusiasm are second to none. He truly sets the standard for PMG Registry users and paper money collectors in general."
|
|
|
|
Bedrock of the Community
 United States
12840 Posts |
|
|
Pillar of the Community
United States
2850 Posts |
Holy moly. For comparison, the last 1928B $2 star to sell on Heritage was a 25PPQ and it hammered for nearly $26,000!
|
|
Bedrock of the Community
United States
94367 Posts |
Very interesting and thanks.
However, I do not think the star indicates a note that replaces one of the same serial number. I believe stars had their own sequential numbering system and were printed in advance as "insurance" notes for the reasons you suggest, primarily to facilitate the completion of bricks. See Schwartz and Lindquist, 10th ed., p.15 for a further discussion.
|
|
Pillar of the Community
United States
2850 Posts |
Coinfrog is correct. Star notes were given their own serial number runs and do not have the same serial number of the note they are replacing. I've seen collections of non star notes and star notes with the same exact serial and series from the same district.
|
|
Bedrock of the Community
United States
12840 Posts |
|
|
Pillar of the Community
United States
2233 Posts |
|
|
Bedrock of the Community
United States
94367 Posts |
Thanks, guys - you know I love paper money. If you want to test this, buy a few original $1 FRN packs from your bank and flip through them - when you find a star (not unusual), the serial number will have no relation to the note ahead or behind it except by pure coincidence.  Edited by Coinfrog
08/20/2015 6:28 pm
|
|
Valued Member
260 Posts |
|
|
Valued Member
United States
108 Posts |
I have yet been lucky enough to find one in a new pack. When you do find one in a new pack do you keep the regular serial number bills before and after?
|
|
Bedrock of the Community
United States
94367 Posts |
No - these have nothing to do with the appeal or value of the star note.
Edited by Coinfrog
08/23/2015 5:15 pm
|
|
New Member
45 Posts |
Awesome!  |
|
Pillar of the Community
United States
1812 Posts |
When CCF Press mentions that Star replacement notes used the same serial number of the note it was replacing, I remember reading this was true in early BEP production, and didn't want to comment until I could quote the source where I had read this... After stepping away to locate the source, I found the source and printing the same serial number stopped in 1910 (I thought it was later, but needed verification prior to commenting)...  |
|
Bedrock of the Community
United States
94367 Posts |
Thanks for this. Star replacement notes in the post-1910 era had their own separate numbering systems that did not correlate with damaged notes except by coincidence.
It is interesting, as pointed out by one of our members recently, that star runs today are only printed for a few FRN districts but are used to complete straps for all districts where needed.
|
| |
Replies: 13 / Views: 3,143 |
|
Posted 08/20/2015 11:13 am
