Modern equipment could play a role in phasing out production of popularly collected star notes, and interest remains high in the arrival of the only U.S. palladium product for 2023. Using star notes as replacement notes started in the 1910's I think and at that time it was probably very importatnt in a paper based accounting system/tracking system to have all the straps start with serial numbers ending with 001 and the last note in the strap end with 000.
I'm not going to blame ANYONE for why this may be happening. I've looked at this thru a managerial perspective and it seemed to make the most sense. Ever notice online you can buy new packs of sequential serial numbered note and star notes? When those get sold and put away into collection, it never will be circulated as intended.
I don't think the BEP is very fond of the fact that less. If you're a coin or currency collector, this video is a must-watch! Stay informed about the latest developments in numismatics and discover the fate of star notes in the world of paper currency. Understand the future value of star notes.
Learn how rarity, serial numbers, and demand impact their worth for collectors and currency investors. A new printing process allowed by new equipment may make obsolete the need to print star notes to replace imperfect notes, as non. Scottish replacement notes sadly came to an end some time ago so all they do now is to add another prefix and keep on printing so no more looking out for "Z" prefixes.
The wastage when printing polymer notes seems to be very high compared to paper ones which reduces the benefit of "plastic" notes lasting longer in circulation. Reply00. Quickly look up the production numbers of your star notes by entering the denomination, series, and serial number.
Ideal for collectors seeking rarity insights. If this was true, what type of system would they replace the star note with? It is my understanding that the star note is the direct replacement of notes that were damaged or not in tolerance. So those damaged or not in tolerance bills were destroyed but the serial numbers are still used with the star added.
So, if they were going to do away with this type of serial number accountability. All Federal Reserve notes, including star notes, will remain legal tender and worth their face value regardless of when they were issued. Should you have any questions about this update, please contact uscurrency@frb.gov.
U.S. Federal Reserve Notes Sequential package Non.