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All Forums Category: US Coins and Currency Forums Forum: US Paper Money and Banknotes

Star Notes

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kdkenn
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United States
58 Posts
 Posted 07/24/2008  6:48 pm Show Profile   Bookmark this topic Add kdkenn to your friends list Get a Link to this Message Number of Subscribers
I'm new at this but someone posted to me about watching out for notes with a star in the serial number. I work at a bank and went through my drawer this morning and out of all of my money only seen one star note and it was on a one dollar bill. It's worn though so should I keep it? I'm not sure the rarity of finding one of these. Then throughout the day I kept my eyes open and got a 10 star note. I bought the 1 but didn't buy the 10 yet cuz I'm not sure I can afford to "collect" ten dollar bills. LOL

Any info on stars?
pyrbob
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United States
1943 Posts
 Posted 07/24/2008  7:22 pm  Show Profile   Bookmark this reply Add pyrbob to your friends list Get a Link to this Reply
When the BEP inspects printed notes they pull out any with defects. These defective notes are destroyed. Replacement notes are sent out in their place. The BEP is not allowed to print the same serial number twice so they use regular serial numbers on the replacement notes except with a star at the end of the serial number instead of a letter. When the BEP counts the number of notes released into circulation they use the sequence of the serial numbers to get the count. So actually, the destroyed notes are used for the count but the replacement notes are what went into circulation. Star (replacement) notes are uncommon but current dated notes usually don't bring a premium. In blue sealed silver certificates and red sealed legal tender notes they do bring a premium. Collectors such as myself and you keep current star notes because in the future when the current notes are collectible the star notes will be the most valuable.
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