![]() ![]() Star notes get their rarity from the quantity printed and released into circulation. If a partial run is printed, the next run will start at the next closest multiple of 3.2 million. Sometimes, this many notes are not needed, in which case less are printed. ![]() This deflates the value of notes in those first two rarer runs. If a FRB has three print runs – 320K, 640K, and 3.2 million – the collector can ignore the first two runs and complete the set with a cheaper, less rare note from the run of 3.2 million. When a FRB has a few print runs of star notes, there are more notes out there to find or buy to fill the slot in their set. Some collectors try to complete sets with one star note per FRB. Also Consider The Total Quantity Printed Per FRBĪnother consideration is the total quantity of notes printed for the specific series/denomination/FRB combination. Some have been printed in quantities of 16,000 or less. Many small runs are printed between 160,000 and 640,000 notes. 640,000 is generally the threshold of run size when star notes start being considered more rare. Run size can vary greatly – 3.2 million notes is the largest print run size, but they can also be much smaller. It will be relatively easy to find or buy a note from the runs of 1.28+ million, but getting one where the print size is only 32,000 will be very difficult. Naturally, the smaller the run, the harder they are to find. The Department of the Treasury discontinued issuance of $500, $1,000, $5,000, and $10,000 Federal Reserve Notes on Jbecause of a lack of demand.Many collectors try to complete star note sets by obtaining a specimen from each star note print run. The collateral consists of one of the following assets: 1) Gold Certificates, 2) Special Drawing Right Certificates, 3) United States Government Securities, or 4) "eligible paper" as described by the statue.įederal Reserve Notes are currently issued in denominations of $1, $2, $5, $10, $20, $50, and $100. These notes are also secured by a pledge of collateral equal to the face value of the note. Federal Reserve Notes are obligations of the United States and are a first lien on the assists of the issuing Federal Reserve Bank. All Federal Reserve Notes can be distinguished by their green seals. Federal Reserve Notes are the main currency that we use today. Federal Reserve Notes were authorized by an Act of Congress, December 23, 1913. So what is the value of a Star Note? The smallest run sizes produce the rarest, and potentially most valuable, Star Notes! What is a Federal Reserve Note?įederal Reserve Notes are United States Currency also known as Greenbacks, Feds, or FRNs. The runs are often significantly smaller depending on how many Star Notes are needed. The BEP currently prints Star Notes in maximum runs of 3.2 million (100,000 sheets of 32 notes each). The number of Star Notes produced for a series depends on the number of printed bills found to be defective. Star Notes occasionally replaced notes from a different series, as well. Historically, Star Notes were also used for the 100,000,000th note in a series, the last note in the block of serial numbers (the numbering machines could not print over 8 digits). On Federal Reserve Notes the star is where the block letter (the last letter) of the serial number would be. ![]() On Legal Tender Notes and Silver Certificates the star is where the prefix (first letter) of to the serial number would be. These Replacement Star Notes are marked with a distinctive symbol, a "star" that is placed adjacent to the serial number. The BEP does not replicate the exact serial numbers of the defective bills, rather a separate run of notes (with their own sequential serial numbers) is created to mint the exact number of discarded notes. The Bureau of Engraving and Printing (BEP) uses these Star Notes to ensure that the correct amount of currency is created. A Star Note is a bank note minted to replace a defective note that was not fit for circulation. ![]()
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