I heard a rumor that star notes* will not be produced in the future, just wondering if anyone has more insight. My 2nd hand source (that I did not personally speak to) works for one of the Federal Reserve banks. One other thing, anyone know what happened to uspapermoney.info website?
From the Federal Reserve in July 2023: https://www.frbservices.org/news/fed360/issues/071723/us-currency-program-update The United States Currency Program (USCP) is modernizing bank note production equipment that will result in nonconsecutive sequencing of new straps of U.S. currency. Currently, new straps contain 100 bank notes with the serial number on the first banknote ending with “01,” and the serial number on the last banknote ending in “00.” “Star” notes replace sequential serial numbers on dollars that are removed because they do not meet quality standards. The USCP’s new Non-Sequential Large Examining and Printing Equipment (NS LEPE) will not produce the star notes that replace imperfect notes in a strap of Federal Reserve notes. However, star notes will continue to be produced by traditional banknote production equipment until further notice. All Federal Reserve notes, including star notes, will remain legal tender worth their face value regardless of when they were issued. As a result of the new printing process, future serial number patterns in a strap of banknotes produced by NS LEPE may contain gaps and will no longer be in consecutive sequence. The first Federal Reserve note in a non-sequential strap is not expected to have a serial number ending in “01.” Similarly, the last Federal Reserve note is not expected to have a serial number ending in “00.” This new printing process will have a transition period lasting several years and will be phased in by denomination, starting in 2023. At this time, only the $1 denomination is currently in production. Non-sequential straps of the $1 will be available based on local inventories and distribution schedules. Until the printing process transition has ended, sequential and non-sequential straps should be expected. Should you have any questions about this update, please contact uscurrency@frb.gov.
@lettow thank you for the post, good article. So it sounds it will be several more years before star notes are completely phased out, or until NS LEPE takes over all printing at BEP.
If this was true, what type of system would they replace the star note with? It is my understanding that the star note is the direct replacement of notes that were damaged or not in tolerance. So those damaged or not in tolerance bills were destroyed but the serial numbers are still used with the star added. So, if they were going to do away with this type of serial number accountability system, what new system would they replace it with?
