Many people enjoy collecting currency, and one popular sub-genre is known as “star notes.” These are special notes that are printed when there is a flaw in the printing of a regular note.
Do you have a star note collection? If not, you should start collecting them! They are different from the regular currency in a few ways and can be worth a lot of money if they are in good condition. In this blog post, we will discuss everything you need to know about star notes! We will cover what they are, how they are different from regular currency, and how much they are worth.
What is a Star Note?
A Star Note is a banknote with a star symbol in the serial number. Star Notes are used by the Bureau of Engraving and Printing to replace damaged, misprinted, or otherwise defective currency. The BEP has two facilities: one in Washington, D.C., and the other in Fort Worth, Texas. The presence of an “F.W.” implies that the bill was printed in Texas. It was printed in Washington, DC if there is no “F.W.”
The star symbol indicates that the note was printed to replace another note. In general, only a small number of Star Notes are printed for each production run. As a result, they are considered to be collectible items.
The main difference between star notes (also called replacement notes) and regular notes is that the former are much rarer. This is because they are only printed when there is a need to replace a defective note. As a result, there are usually only a few thousand star notes in circulation at any given time.
For many people, the appeal of having a star note collection lies in its rarity. However, the true value of a star note goes beyond its rarity. Each bill is a tangible reminder of the hard work and dedication of the men and women who produce our currency. Whether you are looking for an investment or simply a way to show your patriotism, this collection is a rewarding hobby.
How Rare are Star Notes?
Star notes are not extremely rare, but they are not as common as federal reserve notes either. Only about one in every million notes is a star note. Star Notes from print runs of 640,000 notes or fewer are considered to be rare enough to be worth more than face value.
For example, it will be relatively easy to find a replacement note from the runs of 1.28+ million. However, the print size of 32,000 makes notes from this print run very difficult to find or purchase. For collectors, the challenge will be to find a note with a star in the serial number that is also from the small print run. The greatest print run size was 3.2 million notes.
How Much is My Star Note Worth?
The answer depends on several factors, including the denomination of the bill and its condition. For example, a star note from a $1 bill will generally be worth less than a star note from a $100 bill. Similarly, a well-preserved star note will be worth more than one that is heavily worn or damaged.
In general, the smaller the serial number run size (that is, the fewer the number of notes that were produced), the more valuable the star note. This is because small run sizes indicate that there was probably a higher defect rate among the original notes, making the star notes more scarce.
The value of a star note also depends on the serial number, and the most valuable notes have either super low serial numbers (such as 00000100*), super high numbers (99999999*), same serial number (88888888*), or binary numbers (01010101*).
Ultimately, the value of a star note is determined by the marketplace, and prices can fluctuate over time. The best way to find the value of your star note is with the help of a website called Star Note Lookup. Simply enter your star note’s denomination, series, and serial number to find its approximate value.
Alternatively, you can send the note to a professional currency appraiser. You can find appraisers closest to you on websites like the American Society of Appraisers or the American Numismatic Association.
How Can I Check the Serial Number on My Money?
Every bill that the US Treasury prints has a unique serial number on it. This number is used to keep track of the bill as it moves through circulation. You can check the serial number on your money by looking at the two numbers that are printed on the bottom right-hand side of the bill. The first number is the Federal Reserve Bank Number, and the second is the serial number.
The serial number consists of one letter and eight numbers. The first letter indicates which series of bills was used. The eight numbers following the letter are the actual serial number (example: 00001234). If you want to check if a bill is real, you can search the serial numbers on the US Treasury’s website. Just enter the serial number in the search box, and it will tell you whether or not the bill is valid.
How Much is a $1 Star Note Worth?
While a normal $1 star note sells for about $3, a duplicate print run star note can sell for $15 – $20. As a result, these error notes can be quite valuable to collectors. There are, however, a few extremely rare exceptions where a $1 star note worth can be much higher.
The 1928 $1 red seal legal tender note is a popular and rare collector’s item that can be worth thousands of dollars. This note was issued during a time when the U.S. economy was booming, and the notes were designed to be used as legal tender. The design of the note features a portrait of George Washington on the front, and the back features a detailed image of the Great Seal of the United States.
If you happen to have one of these notes, it is important to have it appraised by a professional in order to determine its value. You can find this note on eBay for as much as $2,300, but the average price seems to be around $600.
While most of the silver certificates are common, there are some rare exceptions. The $1 1928C, 1928D, and 1928E notes are some of the rarest in existence. For instance, an uncirculated 1928D $1 silver certificate star note sells for almost $400 on eBay. A similar one with signs of wear and discoloration goes for $35.
Although $1 star notes from 1935 are not particularly rare, they are still slightly more valuable than federal reserve notes from that year, and they are typically worth around $5.
How Much is a $20 Star Note Worth?
While most $20 star notes are only worth their face value, there can be a rare instance where they can be worth more.
If you’re lucky enough to have a series of 1928 or 1929 $20 star note from Dallas, then you may be sitting on a small fortune. In good condition, these notes can be worth a few hundred dollars apiece. If you have a note that is in pristine condition, then it could be worth even more.
The series of 1928 $20 gold certificate notes is one of the most popular items among collectors of United States currency. Even in circulated conditions, these notes can sell for hundreds of dollars, a pristine example can fetch thousand or more. While half a million Series of 1928 $20 gold certificates were originally printed, many have since been lost or destroyed, making them increasingly rare and valuable.
A 1934 and 1934A $20 Hawaii brown seal star notes are always popular with collectors. The former was issued during the first series year production, while the latter was released as part of a small printing in response to high demand. Both are highly coveted and prices for these notes can reach thousands of dollars. One such example is listed for $2,400 on eBay.
Any $20 star note printed before 1950 with two-digit serial numbers is considered to be quite valuable. This includes both 1929 brown seal notes and 1928 and 1934 green seal notes. The reason for this is that relatively few of these bills were printed compared to other years and denominations.
How Much is a $100 Star Note Worth?
When it comes to star notes, $100 bills are the most valuable. The $100 star note of 1985 in good to the excellent condition can be worth around $200. One such is listed for $265 on eBay. However, for notes with an MS 63 grade, uncirculated prices can range from $400 to $600.
If you happen to have a 1929 series $100 Federal Reserve Bank Note, then you have a bill that is worth quite a bit of money. In very fine condition, the bill is worth around $165. However, if the bill is in extremely fine condition, the value increases to $200-225. If the bill is uncirculated and has an MS 63 grade, then it is worth around $475.
Gold certificate $100 star notes from 1928 are some of the rarest and most popular collector’s items. One such note is currently up for sale on eBay for an incredible $4,000.
When it comes to new series, the 2003 $100 dollar star note is worth significantly more than its face value of $100. In uncirculated condition, these notes can sell for anywhere from $265 to $275. By contrast, the 2003A series $100 star notes are only worth around $175 in uncirculated condition with an MS 63 grade.
The majority of 2006 series $1 star notes are worth roughly $5-6 in uncirculated condition. A 2009 $100 star note is worth between $150 and $200 in uncirculated condition, sometimes even more. For example, one such is selling for $225 on eBay.
Where Can I Sell My Star Note Bills?
If you’re looking to cash in on your old bills, you might be wondering where to sell your star note collection. While you could take them to a local coin shop, you’ll likely get a better price by selling them online. Popular websites like eBay, Heritage Auctions, and Mercari are all great options for selling collectible items like star note bills. Just create an account, upload some photos of your items and set your prices.
Another great option is to find an online coin shop that specializes in collectible currency. These shops typically have a wide network of buyers, and they can help you get the best possible price for your bill. In addition, online coin shops typically offer more protections for buyers and sellers than brick-and-mortar shops, so you can be confident that you will be treated fairly. Some examples include The Coin Shop and MA Shops.
However, you can always take them to a local coin dealer. Many coin dealers are also interested in purchasing currency, and they will be able to appraise your bills and give you an idea of their value.
Tips for Selling Star Note Bills
If you have a star note collection that you would like to sell, there are a few things you should keep in mind:
- Do your research. Star note bills can vary significantly in value, so it’s important to do your homework and know what your bill is worth before you sell.
- Find the right buyer. There are a number of buyers who specialize in purchasing star note bills, so take some time to shop around and find one who is reputable and offers a fair price.
- Have your bill authenticated. Before you sell your star note bill, make sure it is authentic. There are a number of ways to do this, so consult with a professional to ensure you get the most for your bill.
Star notes are a type of currency that is created when a mistake is made during the printing process. The U.S. Bureau of Engraving and Printing (BEP) destroys the mistaken bills and prints new ones with a star in the serial numbers. Because they are so rare, star notes can be worth significantly more than regular currency.
While most star notes are only worth a few dollars more than federal reserve notes, some rare examples can fetch hundreds or even thousands of dollars at auction. So, next time you’re going through your wallet, be sure to keep an eye out for these valuable collectibles.