Why Are There Star Notes and What Are They Worth?
Explore the unique characteristics of star notes on U.S. currency. Understand why these special banknotes exist and their potential value.
When handling U.S. currency, one might notice a small star symbol printed next to the serial number on certain banknotes. These distinctive notes, known as “star notes,” represent a unique element within the vast system of American paper money. Their presence is not random but serves a specific purpose in the meticulous process of currency production. Understanding why these star notes exist and what makes them different from regular bills offers an intriguing glimpse into the world of banknote manufacturing and collecting.
What Are Star Notes
A star note is a United States banknote that features a star symbol at the end of its serial number. These notes are legitimate currency issued by the Bureau of Engraving and Printing (BEP). They circulate alongside standard banknotes and are accepted as legal tender for all transactions. The primary function of a star note is to serve as a replacement for a bill that was found to be damaged or misprinted during the manufacturing process.
Why Star Notes Are Issued
Every serial number is meticulously tracked during U.S. currency production, where sheets can sometimes contain errors. When such a defect occurs on a sheet, the entire sheet cannot be released into circulation. To maintain the integrity of the sequential numbering system and ensure the correct total number of notes is produced for a given print run, the flawed sheet is removed. Instead of reprinting the exact serial numbers of the defective notes, a pre-printed “star note” sheet is used as a replacement. The BEP maintains a stock of these replacement notes for this purpose, ensuring the total count of banknotes remains accurate and no serial number is duplicated.
How to Recognize Star Notes
A star note can be recognized by the presence of a small star symbol that appears at the end of its serial number. On some older series of currency, this star symbol might be located at the beginning of the serial number instead. The star typically matches the color of the serial numbers on the note, as they are printed using the same ink.
Do Star Notes Have Extra Value
Not every star note inherently possesses significant collector value beyond its face value. The value of a star note is largely determined by several factors, including its series year, denomination, and overall condition. Most importantly, the original print run size of star notes for that specific series plays a major role in its rarity and thus its potential value to collectors. Some star notes are relatively common due to larger print runs, while others are genuinely rare and highly sought after by numismatists. Collectors often consult specialized numismatic resources to determine the rarity and potential market value of a star note they may possess.