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Strange 1976 $2 Star Note - Please Help!
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<p>[QUOTE="Numbers, post: 1326304, member: 11668"]It's...complicated.</p><p><br /></p><p>When the BEP prints sheets especially for collector sales, they generally use very high serials, above the maximum number printed for circulation. (Today the circulation printings go up 96000000 for most denominations, so the sheets use serials above that number).</p><p><br /></p><p>However, not all of the uncut sheets sold to the public were printed especially for that purpose. Some of them, with star serial numbers, were printed to be used as replacement sheets, the way star notes are usually used in production. The sheets were then diverted for public sales instead. These sheets don't have high serial numbers--indeed, they usually have fairly low serials, as serial numbers on star notes don't often get all that high. These star sheets are always sold in 16-subject format or smaller, since that's the way the replacement sheets are printed and stored at the BEP. (In regular production, the sheets are cut in half before the serial numbers are ever printed on them; the only 32-subject sheets with serials on them are the ones printed especially for collectors using a different overprinting press.)</p><p><br /></p><p>Far the largest batch of star sheets sold this way were the 1976 $2 sheets. When the BEP started printing $2 FRNs, their intention was to make them a common part of our circulating currency, replacing perhaps half of the $1 production by an equal dollar value of $2's. So they began by printing relatively large quantities of 1976 $2 star notes. Of course, the $2's utterly failed to catch on with the public, and production was curtailed, leaving the BEP with a large inventory of unused star sheets. Those sheets were sold to the public between 1981 and the late '80s. We don't have good records of the serial numbers of these sheets. Based on collector observations, there don't seem to have been any sheets sold from districts E and I, and very few were sold for district J. (That's why those three districts' stars are the key stars for the 1976 $2 series--all the other districts' stars are more or less readily available in CU condition from the sheets.)</p><p><br /></p><p>Another, much smaller batch of $2 star sheets were sold in a similar manner after the Series 1995 production run. In that case, we have precise information on the number sold; the BEP announced that only 4478 of the 16-subject star sheets were available for that series.</p><p><br /></p><p>When the BEP first began selling sheets of higher-denomination notes, they typically just borrowed some star sheets from some run that had just been printed for circulation purposes, in order to avoid the trouble of printing a very small uncut-sheet run (demand for high-denomination sheets being relatively small). Thus star sheets exist for the 2003 $5 DG..*, 1995 $10 F..*, 2003 $10 DA..*, 2004A $10 GB..*, GF..*, GL..*, 1996 $20 AL..*, 2004 $20 EA..*, 2004A $20 GA..*, and 2004 $50 EG..*. But more recently, they've started printing even the high-denomination uncut sheets in special runs with high serial numbers.</p><p><br /></p><p>Finally, there was one oddball release of 1999 $1 E..* sheets. I haven't seen an explanation for that one; maybe the BEP just likes to keep us on our toes occasionally. At any rate, it's the only $1 star that's ever been sold in sheet form.</p><p><br /></p><p>Again, all of these star sheets have ordinary low-ish serial numbers, and none of them come in 32-subject form, only 16-subject and smaller.</p><p><br /></p><p>Oh, and in a separate exception to the sheets-have-high-numbers rule, there were also the 1995 $5 "Prosperity" sheets, all of which had serial numbers beginning with H8888, and were sold in 8-subject form only. Because the number 8 is <i>just that cool</i>.</p><p><br /></p><p>There now, aren't you glad you asked? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie6" alt=":cool:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 1326304, member: 11668"]It's...complicated. When the BEP prints sheets especially for collector sales, they generally use very high serials, above the maximum number printed for circulation. (Today the circulation printings go up 96000000 for most denominations, so the sheets use serials above that number). However, not all of the uncut sheets sold to the public were printed especially for that purpose. Some of them, with star serial numbers, were printed to be used as replacement sheets, the way star notes are usually used in production. The sheets were then diverted for public sales instead. These sheets don't have high serial numbers--indeed, they usually have fairly low serials, as serial numbers on star notes don't often get all that high. These star sheets are always sold in 16-subject format or smaller, since that's the way the replacement sheets are printed and stored at the BEP. (In regular production, the sheets are cut in half before the serial numbers are ever printed on them; the only 32-subject sheets with serials on them are the ones printed especially for collectors using a different overprinting press.) Far the largest batch of star sheets sold this way were the 1976 $2 sheets. When the BEP started printing $2 FRNs, their intention was to make them a common part of our circulating currency, replacing perhaps half of the $1 production by an equal dollar value of $2's. So they began by printing relatively large quantities of 1976 $2 star notes. Of course, the $2's utterly failed to catch on with the public, and production was curtailed, leaving the BEP with a large inventory of unused star sheets. Those sheets were sold to the public between 1981 and the late '80s. We don't have good records of the serial numbers of these sheets. Based on collector observations, there don't seem to have been any sheets sold from districts E and I, and very few were sold for district J. (That's why those three districts' stars are the key stars for the 1976 $2 series--all the other districts' stars are more or less readily available in CU condition from the sheets.) Another, much smaller batch of $2 star sheets were sold in a similar manner after the Series 1995 production run. In that case, we have precise information on the number sold; the BEP announced that only 4478 of the 16-subject star sheets were available for that series. When the BEP first began selling sheets of higher-denomination notes, they typically just borrowed some star sheets from some run that had just been printed for circulation purposes, in order to avoid the trouble of printing a very small uncut-sheet run (demand for high-denomination sheets being relatively small). Thus star sheets exist for the 2003 $5 DG..*, 1995 $10 F..*, 2003 $10 DA..*, 2004A $10 GB..*, GF..*, GL..*, 1996 $20 AL..*, 2004 $20 EA..*, 2004A $20 GA..*, and 2004 $50 EG..*. But more recently, they've started printing even the high-denomination uncut sheets in special runs with high serial numbers. Finally, there was one oddball release of 1999 $1 E..* sheets. I haven't seen an explanation for that one; maybe the BEP just likes to keep us on our toes occasionally. At any rate, it's the only $1 star that's ever been sold in sheet form. Again, all of these star sheets have ordinary low-ish serial numbers, and none of them come in 32-subject form, only 16-subject and smaller. Oh, and in a separate exception to the sheets-have-high-numbers rule, there were also the 1995 $5 "Prosperity" sheets, all of which had serial numbers beginning with H8888, and were sold in 8-subject form only. Because the number 8 is [I]just that cool[/I]. There now, aren't you glad you asked? :cool:[/QUOTE]
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Strange 1976 $2 Star Note - Please Help!
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