Star notes value

Found these two notes, yet again, at my job. I looked up the numbers and the 1 dollar is from a print run of 250K and the 20 dollar from one of 480K. Are these worth anything over face/worth keeping?
The 20 dollar is definetely lower condition with a deep crease in the middle.

 

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Those are somewhat large runs.

When people ask this question, I always ask them " Do you have other Star notes of these denominations that are in better condition? "
If you do, then spend these.
If you don't, then keep these until you do.

It really just depends on you and what you want in your collection.
Do you collect star notes for themselves or are you looking to resell what you find, for a profit?

For my money, it's keep 'em if you like 'em. Spend 'em if you don't.

 

I would like to sell them if i can, otherwise i just like to keep them around
How low do print runs go?

 

Only really collectible in Unc, and even then the modern (last 50 years) aren't that valuable.

 

Nice but common. High runs. Welcome to CT.

 

Both are nice however they do have some condition issues unless someone
Was looking for that exact district amount and start, face is about it.

 

I disagree. 250,000 is a very low run. You might be able to get a premium for the $1, so it’s a good idea to hold onto it.

I would spend the $20, however. Even though it’s also a smaller run, it isn’t worth much over face.
I once found a 320K run $20 (2009 series) and saw many more like it on ebay for a couple of dollars above face, so I spent it.
Usually, higher denomination/modern star notes struggle to realize a premium.

 

What is the purpose of star notes anyway ? I mean, there was an error in the original right ? So why not just let them go into circulation if the error was minor. Or take them out of circulation and go higher in the print with replacements.

IOTW....if bills 90-95 of a series of 100 are bad....then just pull them and then print 101-105 to make up for it.

 

Give them a few years, and that's what they'll be doing, once the next generation of serial-numbering equipment is installed (ns-LEPE). Some other countries have already made that switch.

The star note system was better for accountability back when everything was hand-counted: If note #95 is missing, there'd better be a star note replacing it, or else you know somebody pocketed note #95. Now that all the printing and packaging operations are highly automated, it'd be simpler to just throw out bad notes without replacing them, and future production lines are being designed to do just that.

 

Impossible! 101-105 are in the next grouping. Bills are printed in sheets, cut and stacked in hundreds. If one is bad it must be removed, destroyed and replaced. You can't replace it with another number as that number may be used in the same or a future printing.

The machines are programmed to operate in sets of 100 and any numbers are subject to use. Star notes work just fine and keep the system running smoothly. Besides, what would collectors do if the BEP changed things?

 

I agree! Also, collectors have a weird thing about serial numbers, many love the fancy numbers but I have seen where people bid/buy star notes with just their birth year, their favorite numbers, 666, their favorite driver number and so on. It depends on the buyer. If it were me, I would hold on to them but I am collector of star notes in general.

 

I collect all denominations of star notes. The reason? They make great gifts, fun to collect and to get kids looking at their otherwise valueless notes and they are an easy way to bank $$$ that you would have otherwise spent. Currently I have close to $2,500 in bank star notes. I would be broke without them!

 

Holy cow, that is a lot of star notes!

 

In case you haven't used this resource

http://www.mycurrencycollection.com/reference/star-notes/lookup

 

The best resource for star notes.
I also use this for fancy bills:
http://www.coolnumbers.com/
Not sure if it "really" works but it's fun to see the "coolness" factor of your serial.

 

I'm not into collecting Star Notes, but to each his own. I applaud whatever someone likes to collect.

I would say that unless a Star Note is accompanied by other scarcity factors for a particular bill, I'm not sure of the long-term investment value. If collecting as a whole is seeing fewer coin/bill collectors (esp. bill collectors) it might pay to concentrate on the stuff with time-tested value and with lots of scarcity such as:

• Rare Silver Certficates (with or without stars) in high quality and/or with unique/low SN's.
• Gold Certificates
• Super-high rated notes for otherwise common issues that at least give a bit of uniqueness to the bill.
• Old (pre-modern) currency and stuff going back to the 1700's and 1800's.

I just think that in the aggregate there are how many star notes -- tens of thousands ? hundreds of thousands ? millions ? -- that supply overwhelms demand. And many are interchangeable from a collectors POV.

OTOH, if you buy a PMG 65 $50 Gold Certificate, there aren't that many others like it. Maybe SN or Batch Number or Fed District variations....maybe another denomination or higher/lower grade...but the universe is much smaller.

JMHO.

 

I'm over 70 and have been collecting them all my life. I also have 15 or so $100 star note bills )

 

That is putting some scarcity value in the Stars !

 

Here's a few of what I've collected

 

Star notes are cool and would love it if I had this many. I have a crisp 1963 $2 Star with a low serial number around 40,000 but that was acquired at a local coin shop.

Out of about 400 notes I've been stacking from various retail cash transactions, no stars from cash registers at this point!

I might have to go request these at banks.