Guys I have no idea about any collecting of currency but your forum seemed to be the better one of the ones I found, thanks. I am pretty sure I am asking a noob question but found this star note and one of my buddies metioned it could be worth something I am skeptical but hey it doesn't hurt to try. It is a $20 1974 series I will add the picture
Don't know when it was printed, but it's from a run of 640,000. To me, any star note is a keeper. Can't tell you it's value, but it must have some premium.
Welcome to Coin Talk triblackville. Your 1974 Chicago $20 Star note is from a run of 4,972,000, (G07200001*-G12172000*) the largest for this series and denomination. Book value is $70 in CH-CU. Your example looks to be in fine condition, which would be worth somewhere between $25-$35, on a good day. Personally, I would keep it. The photo is kinda fuzzy, but it looks like it faces up nicely.
Thats awesome thanks guys!! Ill get a better picture of it later, you can tell its been used its got a crease in the middle and shows some wear but good to know the value. though under uspapermoney.info I thought i read it was from a series of 640K G 083 20001 * - G 089 60000 * conv 640,000 14
Nice. I was wondering where you guys find the runs of those and how rare they are? I have a 2004A $10 that's got a lot of folds and creases that starts with GL and didn't know whether to keep it. Does anyone know what the different colors mean on this page? http://www.mycurrencycollection.com/reference/stars/10.php#2004A
The different colors correspond to the "rarity" factor of the run. The lower the number, the higher the possiblity that it could be sought after/worth more than other stars or runs. White is a high, more common run, yellow is a moderate run, orange is uncommon or low run, and red is rare or extremely low run.
Thanks for the info, i have no idea which color group the 10 is in or how to tell. I just have to study up on them more, i get what the numbers are, it just turns to gibberish when i try to figure out which group to look in. The serial is GL10236485*, so if I'm reading the page SteveInTampa posted (thanks for that link) right then the 10 is in the production run with 1,920,000 others? Apologies to the op for asking this in their thread, I've been wondering this for a bit and figured since some were posting the info i might be able to find it out and how to place bills in those color areas and which ones.
The trouble is that people aren't using words consistently.... There were 4,928,000 Chicago $20 stars printed for Series 1974. They were printed in 11 print runs, ranging in size from 128,000 notes to 640,000 notes. At the time, 640,000 notes was the standard size of a full run. So either way you look at it, your star is a pretty common one for the series: it's from the second most common district, and it's from a full-length run. I don't think there are a whole lot of folks collecting notes this old by print run. Back then, the runs were fairly small, and the error rate was higher than it is today, so the BEP printed a *lot* of star runs per series (63 of them in the 1974 $20's). So a collection of stars by run wouldn't be very manageable. It's more likely that someone would collect by district, needing only 12 notes for a full set. In contrast, nowadays the standard run size is larger (3,200,000 notes), the error rates are lower, and the BEP no longer worries about matching the district of a star note to the district of the error note it's replacing. As a result, in a typical modern series, the number of star runs printed is fairly small, so that a run set is often about the right size for a nice collection. For example, the 2006 $20 had 13 star runs printed, and the 2004A $20 had only six. In the eight years that colorized $20's have been in production so far, there've been a total of 46 star runs printed--that's still fewer than in Series 1974 alone!
Thanks numbers and other chiming in on the subject! As mentioned before never really knew anything about this stuff before a friend mentioned it to me, learning a lot.
