While the number of errors in a print run determines how many Star Notes are printed, the BEP will print a maximum of 3.2 million. The BEP prints a quantity of Star Notes that equals the number of errors discovered in a print or cutting run. These appear much more frequently than a printing error and because of that, are much more common.Įach type of Star Note is part of the BEP’s quality control process. Star Notes created during the cutting process, when sheets of currency notes are separated by individual denominations and/or notes, are called Regular notes. It will not have the same serial number as the larger, non-damaged sequence. The BEP will substitute Star Notes for every damaged piece of currency. These are Star Notes created for mistakes or damage on a bill that happens during the printing process. This is important because it helps determine the value of that note or sequence of notes. There are two types of Star Note, each designated at specific stages of the printing of currency. The number of Star Notes printed equals the number of defective notes in a series. That note has a “star” designation printed on it, which indicates it is a replacement. To replace it, a substitute note is printed and put into circulation. When a sequence of currency or singular note is damaged, it must be replaced, because of the role it plays in the overall Federal Reserve monetary strategy. During the process at the Bureau of Engraving and Printing (BEP), printed currency or currency that is in the process of being printed is occasionally damaged. Each denomination has an assigned total for a print run. The money to be put into circulation must be printed in a tightly controlled environment. The Federal Reserve determines how much currency should be in circulation at any given time and it uses this figure to help control interest rates, which affect each of the following: To understand why a Star Note has value beyond its currency value, you must first understand what it is and how it interacts with the overall currency strategy of the US Federal Reserve. Below, we’ll go through these factors in order to find out how each one affects the value of a Star Note. Those variables include date issued, when the designation was assigned, and how many of its kind were put into general circulation.Įach of these variables defines a Star Note, its role in the overall currency strategy of the United States, and its value. The average Star Note does not have a standard value because each note is unique and has variable qualities that factor into its overall worth. ![]() If you have one, you may have wondered how much your Star Note is worth. After all, most of us don’t scrutinize currency serial numbers. The $1 and $2 notes do not have this prefix letter.Chances are, unless you collect them, you have had a Star Note in your possession and did not notice it. This prefix letter was added to the serial numbers on $5 and higher notes starting with Series 1996. It changes whenever the series year or series year suffix letter changes. * The prefix letter on the serial number for denominations $5 and higher indicates the note series. Serial Numbers - Series Year and Serial Number Relationship Table Denomination ![]() The last letter still can be anything but O or Z, and is still occasionally replaced by a star, with the same meaning as before. On these notes, the first letter corresponds to the series of the note and the second letter of each serial number now represents the issuing FRB and ranges from A through L. A "star" note has its own special serial number followed by a star in place of a suffix letter.įederal Reserve notes, beginning with Series 1996, have two letters rather than one at the beginning of the serial number. Reusing an exact serial number to replace an imperfect note is costly and time consuming. A "star" sheet is used to replace the imperfect sheet. When an imperfect sheet is detected during the manufacturing process after the serial number has been overprinted, it must be replaced with a new sheet. On some notes, a star appears in place of the last letter. The letter O is not used because of its similarity to the digit 0, and the letter Z is not used because it is reserved for test printings. At the time of a series change, the suffix letter returns to the letter A and repeats the cycle. ![]() The last letter advances through the alphabet when all eight character serial numbers have been printed for a specific Federal Reserve Bank within the same series. ![]() The first letter of such a serial number identifies the Federal Reserve Bank (FRB) which issued the note since there are 12 FRBs, this letter is always between A and L.
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