The replacement notes have a star symbol at the end of the serial number instead of a letter. This indicates that the bill is a replacement and is typically part of a limited run. These “star notes” are printed only to replace errors and thus are less common than regular printed bills.
A replacement banknote, commonly referred to as a star note, is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities to know the exact number of banknotes being printed.
A “star” suffix is used to identify notes that serve as replacements during the production process.
Because it's against policy to produce a dollar's serial number more than once, the mint simply adds a star to the end. These printing errors aren't common, so there aren't many star notes in circulation. You'll see $1 star notes on eBay for $5 and up.
The average value of "2017 $1 star note" is $9.62. Sold comparables range in price from a low of $1.00 to a high of $249.95.
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.
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.
The value of a star note depends on the following criteria: Run size: How many bills were printed in the series. The lower the run size the better. Star notes are considered to be more rare when their run size falls below 640,000.
1976 $2 Star Notes
In star notes, the last letter on the serial number is replaced by a star. The star signifies that the particular bill replaces a previous, misprinted bill.
One of the most valuable dollar bill variations in the world, called a “ladder” in collector's parlance, could be worth about $6,000, according to the Penny Hoarder website: “When the serial number ascends (e.g. 12345678) or descends (e.g. 8765431) in order, collectors call it a ladder.
2-dollar bills can range in value from two dollars to $1000 or more. If you have a pre-1913 2-dollar bill in uncirculated condition, it is worth at least $500. Even in circulated condition, these very old 2-dollar bills are worth $100 and up.
Reusing an exact serial number to replace an imperfect note is costly and time consuming. A "star" note has its own special serial number followed by a star in place of a suffix letter. Federal Reserve notes, beginning with Series 1996, have two letters rather than one at the beginning of the serial number.
When a note is damaged during manufacture, it is replaced by one bearing a star beside the serial number. These notes are much scarcer than regular issues. With green Treasury seal and serial numbers, Neff-Simon signatures and Philadelphia Federal Reserve District seal. .
Star Notes (also called Replacement Notes) are special paper money issues that are released in much lower numbers than their regular counterparts. That's because they are only printed when a note is damaged or otherwise found to be imperfect during manufacture.
For those wanted to cash in big on their $2, look for a red seal. If it was printed in 1890 and uncirculated, it's worth $4,500. Other $2 bills with the red seal range from being worth $300 to $2,500. Some bills with brown or blue seals are also worth hundreds of dollars.
According to the USCA website, any $2 bill with a red seal printed between 1862 and and 1896 is worth big bucks. The top payout is $4,500, and that's if the bill was printed in 1890 and uncirculated. Other $2 bills with the red seal range in worth from $300 to $2,500.
The common variety 1976 $2 star notes are worth around $8 in fine condition. In uncirculated condition the price is around $20-25 for bills with an MS 63 grade. The rare variety star notes can sell for around $80 in fine condition and around $150 in uncirculated condition with a grade of MS 63.
USA 1890 Grand Watermelon $1,000 Treasury Note – $3.29 million (£2.6m) The rarest and most celebrated of all US banknotes was never going to come cheap.
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.
Most of these bills will only be worth their face value of $5. Only a few star note varieties can sell for a premium in uncirculated condition.
While billions of regular U.S. notes are printed on an annual basis, sometimes less than 1 million star notes are printed for a given currency run. For currency collectors, any star note that has a print run of less than 640,000 is considered somewhat rare.
The coin or bank note doesn't necessarily have to be particularly old. If it has a flaw or an error was made when it was designed or if it was the first of its type, these are all features that could give the cash a higher than face value worth.
C.M., Cedar Lake, Ind. A-The star indicates that your dollar replaced another bill damaged during the printing process. If officials destroy 100,000 newly printed notes because of printing mistakes (such as smeared ink or folded paper), then 100,000 star notes are produced as substitutes.