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 Thursday, September 13, 2007
Value of bank notes? Star at the end of a serial number!
Posted by george

 

What does this star mean at the end of the serial number?

 

Oh, these are called by collectors Star Notes. Star.jpg

 

When a note which has been numbered is damaged in the production process, it is removed, and so as not to have to reset the serial numbers by hand, a pre-printed note, of a totally different serial number is put in its place as a replacement. To distinguish the break in consecutive serial number run, these replacement notes have a star at the end of the serial number sequence, rather than a letter. This has generally been the practice since 1928.

 

This image is from the recent auction held by Lyn Knight currency auctions. It features a 1963A series pack of 100 star notes. In the original band. Current distribution techniques use a band with alternating white and color in the stripe. 

 

If the notes are from a series dated since 1980, the condition has to be BRAND NEW, no folds creases or marks for it to have a premium and resale potential. Generally 1.5 times face value for the five dollar and up denominations and about three dollars for the One.

 

George Cuhaj



9/13/2007 12:03:41 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [4]
1/6/2008 2:25:26 PM (Eastern Standard Time, UTC-05:00)
Hi. I have a 1990 $100 Star note and it is i au condition. Iwas wondering if you could give me some type of ball park figure on its value? Thanks joe
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