I am currently employed by a bank and have been saving star notes as i go. Can somebody give me some ideas as to were i can sell star notes?? I am not looking to make a mint but say make like $23 dollars on a $20 or something in that range. What should i do with them, condition ranges on them. I like to collect them but i can't keep all of them. I looked on ebay and found some selling for what i was looking to get but once you factor in ebays 10% you basically are giving them away for face! How can i sell some and still make a bit of money??
Remember, condition matters. Also, printages (mintage) matter, so you need to know out of the MANY Series and districts, which have lower runs. From there, lower serial numbers in excellent condition can fetch more than others, especially if from a very small batch. Since there are too many to really list, get a guide book so you can look up those which you can be on the look out for. This would be a good start, "Standard Guide to Small-Size U.S. Paper Money, Standard Guide to Small-Size U.S. Paper Money 1928" by John Schwartz. I think the 10th edition is the most recent published. It will not have the most recent Series of notes, just like a Red Book doesn't have up to date mintages for the past few years worth of coins.
I got nothing. When I think about what little value most circulated modern stars have, and add in packaging and shipping, eBay fees , and potential wacky buyers that claim your description of the note comes no where close to what they received.......I just don't see how it could possibly be worth you while. Like I said, I got nothing.
I always try to keep the low printed Star Notes because they are worth more over face value then the full run star notes.
You guys are correct but you have to get someone to purchase your notes to make any money. Yes, keep them on the off chance they will become rare. Case in point: all the dealers were looking for the web F/* of 1988-a. Well we had a bunch of 1988 F/* they didn't want them. Now go look them up.
Here's an idea, but I don't know how well this would work or not... I'm sure that you are familiar with all the different star note runs each year (2009 alone had 20 runs) http://mycurrencycollection.com/reference/star-notes/1 I could see collectors that would be interested in the complete set (or nearly complete set) of star notes runs from any particular year. Making lots like this available could possibly fetch a modest premium. I would not anticipate a bidding war on that, so best to list it as a buy it now for a price you are comfortable with. An auction like "30 $1 star notes all with different runs - some low run" could get a buyer.
This auction just sold 17 star notes for an $8 premium. Hope that helps. http://www.ebay.com/itm/17-Mixed-Lo...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
