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Value of bank notes? Star at the end of a serial numer!
September 14, 2007

Value of a bank note please?
What does this star mean at the end of the serial number?

Oh, these are called by collectors Star Notes.

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.

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About the Author
George Cuhaj has been with the Krause Publications numismatic team since 1994. He is editor of the various editions of the Standard Catalog of World Coins and the Standard Catalog of World Paper Money. Prior to joining KP, Cuhaj was employed by the American Numismatic Society and Stack's Rare Coins, both of New York City. He is a Fellow in both the Royal Numismatic Society and the American Numismatic Society. He also is a life member and past board member of the International Bank Note Society. Cuhaj was elected an Allied Professional Member of the National Sculpture Society and has had his medallic work exhibited internationally.

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