First off, Hello my name is Erick. I am a father, husband, veteran and eagle scout. I started studying Austrian economics about 2 years ago and I appreciate hard currency. I stumbled across a star note the other day and was curious if it is of any rarity or significance. I have had a difficult time finding information on the web about them prior to the 1980s. I have shared an image with a photo of it. I have a standing offer of $120 from a friend and I will probably take it unless any of you fine folks think I could do better. Also I don't want to rip my friend off either I just don't know where to begin.
Hello Erick/Ceritus, thanks for serving and welcome to the forums! My book says 320,000 star notes printed for this district in the 1969C series, and the value in EF-40 is $165. However, the value is probably a bit less than that, and I can't estimate it. Good luck!
as mentioned the print run on this note is 320,000 which is pretty low. in VF it is listed $150. the teller stamp to the left of the portrait is definitely a detractor on the note. selling $100 notes is hard to get a premium sometimes because the face value is already so high. if you have an offer for $120 and you got the note for $100 i would say go for it. that is just my opinion. if you tried to sell the note on ebay after fees and shipping your probably wont make much more.
I concur with the other posts. It might be worth a bit more than $120, but eBay and PayPal fees are about 12% combined. Because the fees are assessed on the note's face value as well, you might lose some money if you sold it online... or you could make a nice chunk. It can be a gamble if you went auction style. You could ask a bit more than $120 from that buyer, however. If I were interested, I would be in at about $130 for that note. Someone with a need for it might go higher, but $130-$140 is probably where most people would max out.
Series 1969C $100 Star notes had some extremely low runs....unfortunately the Chicago District (G*) wasn't one of them. There are 7 districts with runs of only 64,000, followed by districts with 128,000, 192,000, and 256,000 printed. Chicago had 320,000 followed by San Francisco with 512,000. The star note runs of 64,000 are the key players, followed by the rest. I've found that $100 note collectors usually want an example in the best condition they can possibly afford. Get some more experience here and you can list it free on the Coin Talk For Sale forum. The figures can be found here, http://www.uspapermoney.info/groups/f1969ch.txt
Awesome links and info guys! I really appreciate you taking the time to reply. I think I'm going to take the 120 for it and be happy with the profit. I look forward to quite the education as I dive into these forums even more.
