Star Next To Serial Number On Dollar Bill
If you've ever looked closely at a dollar bill, you may have noticed a small star symbol next to the serial number. This star can hold some significance and may even increase the value of the bill. In this article, we will explore what the star next to the serial number on a dollar bill means and its history.
The Significance of the Star
The star symbol next to the serial number on a dollar bill signifies that the bill is a replacement for a damaged or spoiled bill that was originally printed. This means that the original bill was deemed unfit for circulation and was replaced with a new one. The star serves as a way to track and identify these replacement bills.
How a Bill is Replaced
When a damaged or spoiled bill is discovered, it is typically taken out of circulation and sent to the Federal Reserve Bank. The bank then sends the bill to the Bureau of Engraving and Printing, where it is examined and deemed unfit for circulation. The serial number of the damaged bill is then recorded, and a new bill is printed with a star symbol added to the serial number. These replacement bills are then sent back into circulation to replace the damaged ones.
Increased Value of Star Notes
Due to their rarity, star notes can hold a higher value than regular notes. Collectors may be willing to pay more for a star note, especially if it is in excellent condition. The value of a star note can vary depending on the denomination, condition, and rarity of the note. For example, a 1957 one dollar star note in uncirculated condition can sell for over $100.
The History of Star Notes
Star notes were first introduced by the Bureau of Engraving and Printing in 1910 as a way to replace damaged or spoiled bills. The star symbol was added to the serial number to identify the replacement bills. Since then, star notes have become a collectible item for currency enthusiasts and collectors.
Collecting Star Notes
If you are interested in collecting star notes, there are a few things to keep in mind. First, it's important to know the rarity and value of the note you are collecting. Some star notes may be worth more than others, and some may be more difficult to find. It's also important to keep the note in good condition, as this can affect its value. Lastly, it's important to purchase from a reputable dealer or seller to ensure that the note is authentic.
Conclusion
The star symbol next to the serial number on a dollar bill signifies that the bill is a replacement for a damaged or spoiled bill that was originally printed. These replacement bills are identified by the star symbol and can hold a higher value due to their rarity. Collecting star notes can be a fun and exciting hobby, but it's important to do it responsibly and with knowledge of the rarity and value of the note.