Sorry for starting another star note thread, but I have a question

I know star notes are made after the BOEAP finds an error bill, but what happens if they make an error on the star note? Do they add a second star? And if so, what's the most stars that have ever been on a single bill? Sorry if this is a stupid question, but I couldn't find the answer anywhere.

 

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I would like to pose another question about stars.....why do some have stars at the beginning of the serial# while others have them at the end?

 

Please do not apoligize for such an outstanding question!
I personally am investigating this and will let you know what I find out.
I have a very strong source that just may provide some insight to both questions here.
Thank you guy's for such a GREAT question!

RickieB

 

the fedral reserve notes from 1963-present have the star at the end. the silver certificates and anything before the frn has the star at the beginning of the serial number. good questions! i have no idea what they do to an error star note. i'd like to find out too if anyone has the answer.

 

Based on the questions that were asked, he is what I received from my contact. He is a very visible collector/dealer known throught out the industry.

RickieB

"Instances are known where a full pack of star notes will contain a few out of sequence serial numbers, showing that star note errors are replaced in the same way as ordinary notes, i.e. with a star note. These star replacements have no added value because there is no way to prove they replaced defective stars."

information source through; DCK

 

very interesting

 

I wonder what a note with all stars would be worth? It would be a solid number, a radar number and a star note! That has probably never happened though...

 

You'll only see one star on any star note. If it IS and error and gets out in circulation it will command a higher premium depending on the severity of the error.

 

Ah, I see. That seems strange though. What about the law about not having the same serial number?

 

I don't quite understand the question about the same serial number law so I'm going to wing it.

A star note will not have the same number as the note it replaces. They are printed separately to replace notes but NOT speciric notes. This is why so many have serial numbers starting with 0, 00, or even 000. Only so many are printed.

As for my earlier post about a star note having only one star - I guess it's actually two. One at the end of each serial number on the note.

Does this make any sense or answer a question?

 

funny this popped up, I have pulled 3 star notes ( 1$ ) in the last few months from my pocket. Just avg circ or worse. Any value? Worth saving other than as a curiosity?

 

If there were two stars how would any bank or individual know where it was printed, I'm assuming the stars would on each end of the SN.

John

 

I was just getting technickal there John before someone else did.
A note has two serial number one on the left and one on the right. They are the same number (unless you got a really good error). The star is at the end of each of those two serial numbers. Hence two stars but not in the same sequence of numbers.

 

look them up on the lookup. if the box is white, spend. if its colored, keep.:kewl:

 

Why do you say to spend any that are white? I know these are the most common but are they THAT common that we should spend them? I'm really debating this now because I have alot of white star notes. Yesterday I finally got a red, 320,000 print run. I'll be keeping it for sure but seriously asking why you say to spend the whites? If they are really not worth keeping, I'll use them to buy some gold or silver because I have several $100 star notes that are in the white zone, that I could easily spend

My latest and best ever find: 2004 series, $20 S/N EB0005498 *

*~*Joey*~*

 

The white ones aren't worth face value at this point, however I would keep them, because if you think about it, everyone is going to spend their's, and eventually they will make it to the BEP, and be destroyed. I believe that at that point, the rare bills that everyone has saved will be worth less than the common ones, when the common ones are all destroyed and made into other bills.

But if you're in it for the here and now, spend them if you don't want to collect them.

Just my opinion.

EDIT: The white ones are worth face value, obviously! Typo.

 

i just spend the white ones becuase they make tons of star notes every series. they are worth face value, but the colored ones are worth a premium. why keep the common ones when they are and always will be worth face?

 

Coinlover,

I know you love that site and it is good for quick reference but it does not dig deeper into other variables. Give me a full pack of 100 consecutive CU star notes of even the heaviest printed series and I'll guarantee it will fetch a premium.
Die hard currency collectors look for MANY different things. Face plate and back plate numbers, fancy numbers (as you know), low and, yes even high, serial numbers in any particular run.

Don't write off every star note in the "white box" because it's in the "white box". A seasoned collector that has dug deeper into it may find a lot more there than you think.

 

The new paper money values has a fairly large article on star note and star note errors.

 

I have battled with this all day and have decided to part with all my white star notes that do not have any special number sequencing. I also collect notes with rare and unusual S/N and lately I have been pulling too much money out of circulation that I think would prove more valuable long term invested eslwehere vs. sitting in a safe in a bill protector. Today I will deposit $600 ($420 in $20 and $100 star notes and another $180 in cool numbers under 96%) that I think could be used to buy other special coins or gold and/or silver bullion. I am keeping all of the more rare/colored star notes The $21 in star notes in demoninations of less than $20 will go in my wallet and spent today.

I may be making a big mistake but earlier today I went thru my bills with cool numbered serial numbers and gave up another $180. I have raised my cutoff to 96% now. It just gets to the point where you almost become obsessed and pull soooo much money out of circulation and save it when the bills are probably worth only face value or a fraction more and the money could be spent more wisely.

I've been wanting a gold Philharmonic coin and a Gold Britannia so I'll be watching gold spot and if it dips, maybe I can use the $600 towards a new gold coin.

Thanks for the great imput. The members of this forum are very much appreciated.

*~*Joey*~*