Hi Folks Received this star note in change. Worth holding onto or is it a spender. Came from a high run of 3.2 mil ( That should answer my question) but thought i would check anyway. Seems to be in good condition. Thanks For any opinions.
Your 2004A $20 Richmond Star faces up nicely. I don't know what you collect, but I would keep it.....if for no other reason than using it to pay a dealer or fellow collector for your next purchase. It's worth about double face in CH-CU.
Appreciate the info. I also have 4 2009 twenty dollar star notes that are in sequence. Would they be worth holding onto also. They are in great condition.
Ok i was under the impression that what ever the run was, that was how many were released. Appreciate the info.
I hold on to all the stars I come across even i they are in poor condition. It may just be that I am a Hoarder.
I also keep most star notes found in circulation, but sometimes the print run numbers can be deceiving. Take the 2004A $10 star notes for example. Everyone salivates over the GF* (Atlanta) star because of the low print run, 9,600, but I believe the 1st run San Francisco star, GL*, may end up being the key star note, even with 128,000 being printed. All of the GF*'s went directly into collectors hands, and the GL*'s (run 1) were distributed 2 at a time, in 100 pack sleeves into general circulation, making them much harder to find in uncirculated condition. The following is a short opinion from a respected dealer and author of a small-size currency guide that I found interesting; "In short I don't have much respect for the "Run" game and I'm against having numerous runs in the book, ESPECIALLY for modern stars that are saved in ever greater quantities. If I was offering on them I would pay face value. I would caution against purchasing anything as a "short" run. Sure only 96,000 were printed ON THIS RUN but one or two packs will satisfy the collector demand for decades. Not only that but a month later they printed a million more in other runs. What makes this run4 worth more? Nothing in my mind. Invariably my co-author puts these runs in the book at a high value and the next edition I drop them by 30% to 75% or more. Some will differ and there are about 12 people in the US that collect $100s by *run. think of it this way, every single issue of us currency, throughout history, had numerous runs on every single block. Why don't you see anyone collecting that way? Because it is a fools errand. In my opinion this "run" game is another way to artificially expand the number of notes to collect in any given series and is artificial rarity creation at its worth. It has been my experience in the last 20 years that 75% of these low issue runs turn up in higher quantity than notes of much higher printing numbers that didn't receive the hoarding attention because they were too common." I somewhat agree, and notice in some price guides, that print run numbers just started appearing in the mid-90's. Something to think about if you collect modern era small-size notes.
Thanks for the info. I never had any luck finding star notes and beleive me i check all my change , then all of a sudden i have gotten these 5 in a span of about 3 months. Just figured since it was a large run they are somewhat plentiful. I'll hold onto them since they are in almost uncirculated condition.
It comes and goes. Back in the '70s, there was quite the craze for collecting stars by serial groups--if you think modern catalogs have too many detailed numbers, you should see the old O'Donnell one! Then that faded out, and for a number of years most people just collected stars by district. Nowadays a lot of folks collect by runs. What next? Who knows! As with any other area of collecting, the value of a note in the future will be determined (in part) by the preferences of future collectors, which aren't readily predictable. It may be that, twenty years from now, nobody collects stars by run. Or it may be that nobody collects stars any other way. And as your quote points out, even if future collectors *do* care about runs, it may be that the larger runs end up being scarcer, if not as many people save them now. (The BEP printed more 1969C $1's than 1963B $1's, but the latter were hoarded and the former generally were not, so the 1969C is much tougher today.) I'd recommend collecting in a way that interests you, and not worrying too much about the future value of your notes. If you enjoy trying to collect all the runs, then do that. If you'd rather ignore the runs and collect by district, then do that. If you'd rather skip all the modern stuff entirely and collect large-size type, then do that. What you should *not* do, is try to guess what'll be most valuable in the future, and then hoard as many of that thing as you can. There's an excellent chance you'll end up wasting your money, and you probably won't even have much fun in the process. . . . Also, to clarify something mentioned in that quote of yours: Typically, the short star runs are used as replacement sheets, rather than replacement packs. Thus most short-run stars don't exist as full packs, which is part of the reason some collectors enjoy trying to chase them down. These are the runs where it'll never be as simple as "one or two packs [to] satisfy the collector demand for decades". Exceptions exist, where some particular short run *was* turned into replacement packs--and those runs shouldn't, and generally don't, sell for anything like the premiums of the typical short runs. By the way, some of us *are* crazy enough to collect by runs in areas other than modern stars. For example, I'm working on a run set of non-star 1976 $2's. So far I'm up to 896 out of 899. And no, I don't think anyone's going to pay extra for these notes because of the runs--but that's okay; I didn't pay extra for them either. I'm just a slightly OCD math nerd who appreciates this sort of thing, so it's what I do.... I personally don't understand why some of y'all are into researching the engravers who did the currency designs, but that certainly doesn't mean you *shouldn't* care about them. Different strokes, y'know?
Wow, that's a lot of deuces. Between sets, notes, and sheets, I have over 500 $2's, and that spans 1953 thru 2003A.....I can't imagine 900 deuces. Keep your 2004A $20 Star spring423....I would.
All great info here spring, but you have to decide for yourself. I personally don't collect by run size unless it I notice tha tthe run is pretty small, then I keep them. Steve and I have talked about this a few times with some notes I have. I always keep stars unless they are in bad condition and higher denominations with a high print run. I usually let those go. I have YET to get any 2009 $20's though, so that's something to think about when you decide if you're going to keep them.
