A highly collectible U.S. currency note representing only a tiny fraction of all issued… Star notes are created to replace newly printed bills that are defective and then destroyed; this is a highly sought-after vintage $50 Federal Reserve star note.
Look carefully (magnification may be necessary) to see the small printed text FIFTY, USA, and 50 inside two of the blue stars to the left of the portrait, FIFTY repeated within both side borders of the note, and THE UNITED STATES OF AMERICA in President Grant's collar.
Star Notes
That's because they are only printed when a note is damaged or otherwise found to be imperfect during manufacture. The star can be found either before or after the serial number – on $1 Federal Reserve Notes, the star is located after the number.
Approximately 5% of all notes printed today are $50 bills. They are delivered by Federal Reserve Banks in brown straps. A $50 bill is sometimes called a "Grant" based on the use of Ulysses S.
These star notes would be considered collector's items and might be worth more than their face value. The most rare examples are print runs with less than 100,000 bills. For example, in 2017, the third star note print run in Boston had just 25,000 total bills printed, making this a very rare $1 bill to find.
The condition of a note plays a HUGE role in it's value. The rarest star note probably isn't worth much, if anything, more than face value if it's dirty and shredded. For older series notes, their run sizes matter far less. Completing star note sets by print run is more common among modern star notes.
Those $2 Star Notes are scarce, and even in circulated grades can fetch $5 to $50, depending on the series and issuing bank. Older $2 bills are worth larger sums, with those of Series 1953 and 1963 trading for around $5 and up in circulated grades. Worn notes from Series 1928 trade for $10 or more.
Valuable $50 notes will have a Stevens/Parkinson signature combination on one edge. The Perth-based currency whiz also said the serial number in the top corner has to begin with AA 14 or JC 14 to be worth the large sum. If kept in good condition, the banknotes are worth between $70 and $1500.
There are several intriguing origin stories of how the $50 bill became a symbol of bad luck. One is that the bill bears the image of former president Ulysses S. Grant, who went bankrupt before he died. Another is that the mob would reportedly leave $50 bills in the jacket pockets of murder victims.
The United States, India and the Philippines use the "★" in the serial number to mark a replacement banknote. These are known as "star notes". These were also used by Australia until 1972. Canada used "✽" at the beginning of serial numbers on its replacement banknotes until 1975.
A star note is a U.S. banknote that has a star symbol (*) at the end of its serial number. These notes are produced as replacement note for bills that were damaged or misprinted during the printing process.
These bills in circulated condition won't be worth more than their face value of $50. They will only sell for a premium in uncirculated condition. Star notes can sell for higher prices. The 2004 $50 bills are worth around $65 in uncirculated condition with a grade of MS 63.
Value. Currently these bills, regardless of condition, will only be worth their face value of $50. Star notes in uncirculated condition could sell for a premium in the near future.
At one point, the $50 bill, as opposed to the $100, was primarily targeted by counterfeiters; hence, gamblers chose to avoid accepting fifties in case they got stuck with a fake bill. Another version has it that a dislike of fifty-dollar bills relates to the Civil War and an antipathy for Ulysses S.
All current-issue $50 bills are Federal Reserve Notes. As of December 2018, the average life of a $50 bill in circulation is 12.2 years before it is replaced due to wear. Approximately 3.5% of all notes printed in 2019 were $50 bills. They are delivered by Federal Reserve Banks in beige straps.
The 'lucky dollar' as it is called in the United States - a dollar bill folded in eight - is a good luck charm.
The United States has never issued a million dollar bill. However, many businesses print million dollar bills for sale as novelties. Such bills do not assert that they are legal tender. The Secret Service has declared them legal to print or own and does not consider them counterfeit.
The $10,000 bill was the largest denomination ever to be printed for public consumption. Collectors cannot legally hold a $100,000 bill.
In the text, which is taken from Ms Cowan's maiden speech to the WA Parliament in 1921, the word "responsibility" is missing the third "i" and says "responsibilty". The word appears three times in the excerpt, all of which are misspelled on the note in the same manner.
How Rare Is a $1,000 Bill? It is extremely rare to find a $1,000 bill. Large bills, including the $1,000 bill, were last printed in 1945 and were officially canceled by the U.S. Treasury Department and the Federal Reserve in 1969.
Collectors generally consider Star Notes from print runs of 640,000 notes or fewer to be rare enough to be worth more than face value.
If the $2 bill was minted and printed before 1976, it will likely be worth more than its face value on the collectibles market. In some cases, it might be worth only $2.25. The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range in value from $550 to $2,500.