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Star Note Information and Values.

A star note (aka Replacement note) simply put, is a note with a printed star next to the serial number.
The BEP prints star notes (replacement notes) and uses them as an accounting device to the hobbies delight.
While printing notes, if a note is damaged it is marked in red pencil or sticker to be pulled from production.
Because pulling the note would cause a gap in the numerical sequence of the notes they can't just ignore it.
They have to replace the damaged note with a new note. These replacement notes are printed with a star.
In this way, the BEP keeps their numbering correct and the accounting easy to manage.
Before 1910, the BEP would hand work the correct sequential serial number for a damaged note.
It's easy to see why they decided to get away from that manual procedure.
Star notes are estimated to be only 1% of the total population of notes.
Due to their rarity and the cool "Star" factor these notes are avidly collected especially in large sized notes.
Check out the BEP site for more information. BEP Star Note Page
If you have a star note and it's from 1934 or earlier, please contact me for values.

Series 1901 $10.00 Legal Tender Star Note
Series 1901 $10.00 Legal Tender Star Note
This is a great series to find a star note in because it's just plain uncommon to do so.
I have owned one of these in my collecting days and it was in lower grade.
I would very happy to have a chance at one in higher grade.
A range of values for this note would be from $800 to $12,000

Series 1922 $100.00 Gold Certificate Star Note
Series 1922 $100.00 Gold Certificate Star Note
I owned this beauty for about 6 months and it was my first large sized star.
It came up on eBay and I was lucky enough to be the first guy to see it.
Of all the stars i've owned it's the one I regret selling the most.
A range of values for this note would be from $2500 to $8000.

Series 1923 $5.00 Silver Certificate Porthole Star Note
Series 1923 $5.00 Silver Certificate Star Note
I have never had the chance to own a Porthole star but I will jump if I ever do.
With less than 50 known to collect they are tought to buy.
A range of values would be from $1500 to $25000.

Series 1928 $1.00 Legal Tender Star Note
Series 1928 $1.00 Legal Tender Star Note
This note was issued only in the territory of Puerto Rico so you can imagine they are rare today.
A range of values would be from $400 to $4000.

Series 1934 $20.00 Federal Reserve Note - Hawaiian Emergency Currency Star Note
Series 1928 $1.00 Legal Tender Star Note
This Emergency replacement note was issued only in Hawaii during WW2 and is rare.
A range of values for this note would be from $400 to $3600.

Series 1928-C $2.00 Legal Tender Star Note
Series 1928-C $2.00 Legal Tender Star Note
There are eight series notations for 1928 $2.00 Legal tenders.
Series 1928-B and 1928-E are the rarest with 1928-B the scarcest of all.
I have shown a 1928-C which is a better series. 1928, 1928-D and 1928-F are the most common.
A range of values for this note would be from $100 to $10000 depending on series and condition.

Series 1934-D $5.00 Silver Certificate Star Note
Series 1934-D $5.00 Silver Certificate Star Note
There are five series notations for 1934 $5.00 Silver Certificates.
Series 1934-C is the scarcest non variety of all.
I have shown a 1934-D which is one of the more common.
A range of values for this note would be from $60 to $4000 depending on series and condition.