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 Replies: 9 / Views: 1,454 |
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Pillar of the Community
United States
671 Posts |
I don't collect paper money, and I probably never will, but I was just wondering what a star note is.  I was able to figure out that the bill had a star next to the serial number, but what does that mean, what was the reason for the star, and when were they made? |
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Pillar of the Community
Poland
3201 Posts |
They are made even now. On the earlier (1900s) notes the star was there, at the end of the serial number, and it meant nothing being merely a part of the design. Later, it got its modern meaning - marking a note that is there in place of another which has been destroyed. The star is there because no two notes can have the same serial number.
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Pillar of the Community
United States
1208 Posts |
I don't know about large notes, but for small notes,
since 1928, the star denotes a note used to replace
a damaged note. I don't know that they were ever used
for decoration, but I suppose it is possible on large
note series.
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Pillar of the Community
Poland
3201 Posts |
Yes, I meant large notes. I read it on this very Forum  |
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Pillar of the Community
United States
3294 Posts |
I just got my first star $100 note. I looked online and there are 3.2 million in that particular star series so it is worth $100 I expect. Still pretty cool to find one.
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Pillar of the Community
United States
1713 Posts |
As stated, start notes are used to denote bills that were created to replace those that were destroyed due to printing errors. Here are a few examples I have.  |
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Pillar of the Community
 United States
671 Posts |
Are they quite valuable, or can they be found in circulation?
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Moderator
 United States
23519 Posts |
from Wikipedia Quote:
A star note is a United States bank note that has an asterisk (*), or star, before or after the serial number. The Bureau of Engraving and Printing inspects currency for printing errors prior to releasing notes into general circulation. When notes are discovered that have been printed incorrectly (such as having the serial numbers upside down, etc.) these misprinted notes (error notes) are replaced with star notes because no two bills can be produced with the same serial number. They are used to maintain a correct count of notes in a serial number run. By their nature, star notes are more scarce than notes with standard serial numbers and as such are widely collected by hobbyists. Some of the highest prices paid for modern (post-1928) U.S. banknotes have been for star notes. A star note is also substituted for the last note in a series rather than printing a note with a serial number consisting of eight zeros. |
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Pillar of the Community
United States
1713 Posts |
Quote:
Are they quite valuable, or can they be found in circulation? They can be found in circulation but they are uncommon. They can be valuable depending how many other star notes were made for that series. |
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Valued Member
United States
442 Posts |
Star notes are NOT uncommon for the most part.
There are some series that are quite scare though even in modern notes.
It's like mintages with coins but paper is much more fragile and DOES get destroyed when worn.
Many people keep EVERY star note they find and frankly that's a waste of money. I do have to admit though that I have at least $1000 in face myself.
Knowing what to pull out of circulation is the key. A few of my better finds were the 1999 $1 F-* (two consecutive from a fresh pack) with a printing of only 640,000. Retail at $85 each and by now a majority of those have been shredded.
Paper is a totally different animal with many different variables.
There is still a lot to be found in circulation as most people DON'T know what to look for. That's part of what got me into it.
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Replies: 9 / Views: 1,454 |
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Posted 08/30/2008 4:25 pm
