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$100 Star Note, Low Serial Number Premium?
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<p>[QUOTE="TheMont, post: 2613753, member: 80121"]Here's the quote from the article,</p><p><br /></p><p>"The quest now has developed into simply delivering notes each of which has a unique serial number for the series and denomination.</p><p><br /></p><p>So where is this going? One obvious fallout is that it probably will allow for the phasing out of star notes. There is no practical reason for fooling with star notes if deliveries are simply based on counts.</p><p><br /></p><p>There are voices throughout the Federal Reserve System that will welcome this development. The officials in thee Federal Reserve Banks have grown weary of handling inquiries from bankers and the public wanting to know what those little stars are all about when people run across them. These inquiries have never stopped since he introduction of star notes in 1910, so answering them soaks up a huge amount of time the Fed management feels is wasted." Quoted from Bank Note Reporter, November 2016 issue.</p><p><br /></p><p>The story that this quote appears in is over three pages and gives a better understanding on how the star note could be eliminated, but the quote should give a basic idea of the reason.[/QUOTE]</p><p><br /></p>
[QUOTE="TheMont, post: 2613753, member: 80121"]Here's the quote from the article, "The quest now has developed into simply delivering notes each of which has a unique serial number for the series and denomination. So where is this going? One obvious fallout is that it probably will allow for the phasing out of star notes. There is no practical reason for fooling with star notes if deliveries are simply based on counts. There are voices throughout the Federal Reserve System that will welcome this development. The officials in thee Federal Reserve Banks have grown weary of handling inquiries from bankers and the public wanting to know what those little stars are all about when people run across them. These inquiries have never stopped since he introduction of star notes in 1910, so answering them soaks up a huge amount of time the Fed management feels is wasted." Quoted from Bank Note Reporter, November 2016 issue. The story that this quote appears in is over three pages and gives a better understanding on how the star note could be eliminated, but the quote should give a basic idea of the reason.[/QUOTE]
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$100 Star Note, Low Serial Number Premium?
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