Jeff Smith, President and CEO Treasuredstocks.com

Jeff Smith, President and CEO Treasuredstocks.com
Jeff Smith

Saturday, May 13, 2017

What is a Star - Replacement Note?



What is a STAR note?

So what is a “STAR” note, you may ask. For your possible interest and information, here is a brief description

Because of their rarity (only about 1% of notes), star notes are valuable and very collectible. It is very easy to “discover” star notes because you will easily see a star (*) at the beginning (e.g. legal tender notes and Silver Certificates) or the end (e.g. Federal Reserve Notes) of the note’s serial number. 

The BEP (Bureau of Engraving and Printing) prints star notes as replacements for mis-printed and defective currency. This is a very efficient way for BEP to maintain correct currency counts (numerical sequencing) without having to completely reprint the misprinted notes and the number of batched currency items remains the same. 

Importantly, though they replace misprinted currency notes, star notes (at least not since 1910) have their own sequential serial numbers, starting at 00000001. 

Thus, star notes are sometimes referred to as replacement notes because star notes ‘replace’ currency that has been damaged during production. 

For more information about these and other collectible coins and currency, please visit our web site at  http://www.treasuredstocks.com/or email  jeff@treasuredstocks.com
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How to Start a Currency Collection

I want to start collecting coins and currency items; where do I start?

Collectors of coins and currency do so for many reasons. One of the most common collector is the hobiest who collects more for fun and appeal, rather than profit. Often, this attraction begins as a child who, by chance or purpose, receives an item that is both fascinating and historical.

An increasingly popular reason to pursue collecting of coins and currency is to do so as an investment Persons who use collections as a kind of investing do so with the idea that the value of the items, in singular or total, will increase over time. Supply and demand is the key concept here as well as a critical understanding that collections do not “make” money until they are sold and may even incur costs, such as the costs of safe and secure storage.

A third type of collector is the person who acquires a collection via inheritance. This person may or may not have any real interest in the items but appreciates potential value.

One great advantage we have today is the internet. For example, take a careful look around our Treasuredstocks.com web site and you will see over 4,000 items, of all categories, grades, and prices, all graded and all in full color view. And now a bit about grading. A graded item allows collectors to speak the same language when it comes to the condition of the item.

The term “Numismatics” refers to the study or collecting of coin/currency. A numismatist is someone who does this by hobby or profession. Here is a great web site to use, when learning more about such an exciting field. There’s even several links specifically designed for children.

http://www.numismatics.tv/

We are official members of multiple numismatic-related organizations. Therefore, Treasuredstocks.com welcomes any and all questions regarding our postings and our passion for collecting coins and currency of all types. We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com