Are 20 Dollar Bills With Stars Worth Anything?

Understanding Star Notes

United States currency includes special bills known as star notes, distinguishable by a small star symbol next to the serial number. These notes replace currency sheets identified as imperfect during printing. When a sheet contains an error, it is replaced with one or more star notes to maintain accurate counting of notes produced.

The star appears at the end of the serial number, but can sometimes be found at the beginning, depending on the series year and denomination. On a $20 bill, the serial number is in the upper left and lower right corners. The star, if present, will be visible directly adjacent to these numbers.

Factors Influencing Collectible Value

The collectible value of a star note, including a $20 bill, is primarily influenced by its rarity. Not all star notes are rare; their production numbers vary significantly depending on the volume of misprinted sheets in a given print run. Star notes from print runs with very low production numbers are more sought after by collectors, as fewer entered circulation. The specific series year and the issuing Federal Reserve Bank also contribute to a note’s scarcity.

The physical condition of a $20 star note is another significant determinant of its value. Notes that are well-preserved and show minimal signs of handling, such as “uncirculated” notes, command higher prices. Conversely, notes with folds, creases, tears, stains, or other damage from circulation have a much lower value. While less impactful than rarity or condition, the denomination itself can sometimes play a role, with certain denominations historically having more or less demand among collectors.

Determining Specific Value

To assess the potential value of a specific $20 star note, begin by examining its serial number and series year. Several online numismatic databases and specialized websites provide detailed information on star note print runs. By inputting the series year, Federal Reserve Bank, and the first few characters of the serial number, you can determine the original print run size for that particular note. A significantly low print run, sometimes under 640,000 notes for a specific series, indicates a higher potential for collector interest.

After identifying the print run, carefully evaluate the note’s condition. While professional grading is necessary for precise valuation, a layperson can perform a preliminary assessment. Check for crispness, the absence of folds or creases, and any signs of wear, such as softened corners or a lack of original luster. Comparing your note’s appearance to online grading guides can provide an idea of its condition. Finally, research recent completed sales of similar $20 star notes on reputable auction sites or through established currency dealers. This comparison provides a realistic estimate of current market demand and achievable prices for notes of comparable rarity and condition.

Preservation and Sale Considerations

Once you have identified a potentially valuable $20 star note, proper handling and storage are paramount to preserve its condition. Avoid folding the note or writing on it, as any alteration can significantly reduce its value. Storing the note in an acid-free, inert currency holder or sleeve will protect it from environmental damage and physical wear. Refrain from attempting to clean the note, as this can cause irreversible damage and diminish its appeal to collectors.

For high-value notes, or if you are uncertain about its authenticity or precise grade, consider consulting a reputable currency dealer or professional numismatist. These experts can provide an accurate appraisal, authenticate the note, and offer guidance on its market value. When considering selling, options include specialized coin and currency dealers, established online auction platforms, or attending numismatic shows. Each method offers different advantages regarding visibility to collectors and potential sale price.