Paper Currency FAQ's

 Paper Currency Frequently Asked Questions


Over the years, we received numerous questions about paper money, often the same questions are asked, so here's a few of the most popularly asked questions about Paper Currency:


I have a bill with a star in the serial number.  Why is it there?  Is it valuable?

Notes that have a star in the serial number are there to notate that it is a reprint of a note that was damaged during original printing. They reprint the serial number of damaged sheets/notes so that they can keep the accounting straight.  Current US currency notes are printed at the Bureau of Engraving & Printing in either Washington DC or Fort Worth Texas, and while they are printed at US Government facilities, they are actually the property of the privately-owned Federal Reserve System that has a "license" to control our money supply.  Because billions of currency notes are printed, mistakes are bound to happen and lots of Serial Numbers need to get reprinted, and thus have stars.  

The value of a Star Note depends on several factors:  how many similar notes from that Series Year had to get reprinted and what is the exact condition of the Star Note in.  Remember, US Currency is printed on sheets of 32 notes at a time, so there were at least 31 others exactly like yours reprinted, and in some cases, tens of thousands were reprinted with stars exactly like yours.  Most modern-era Star Notes from the past 30-50 years need to be in crisp uncirculated condition with absolutely no folds, tears, stains or writing to even be considered for any additional collector value.  

Star Notes of old US Large Size Currency, pre- Series 1928, can be quite rare.   In order to check the value of your particular note, send us an email with this information:    Series Year, Denomination, Federal Reserve District Letter and overall general condition. We may still need to see your note in person, but with that information, we can at least tell you if the note is worth investigating further.




Location: Brentwood, TN, USA

Popular posts from this blog

Our Office Location, Maps & Info

Image
Nashville Coin & Currency, Inc. www.NashvilleCoin.com Our office is located at 213 Overlook Circle, Suite B-1, Brentwood, Tennessee 37027 Here's a map with both old and new office locations shown, an Overlook Circle closeup map, as well as a view of the new office's exterior.  Click on an image to see an expanded view of it. The street marquis signage at the office entrance where you turn in is abbreviated for security. It shows: B-1 Mike Mouret NCC Contact us today for your appointment, we look forward to seeing you soon. Mike     213 Overlook Circle, Ste B-1, Brentwood, TN 37027
Read more

Current Gold to Silver Ratio

July 19, 2023 The Gold to Silver ratio has now broken back under 80, figured today at 78.75 ounces of Silver to 1 ounce of Gold, as Silver has been outperforming Gold recently.    - - - - - Sept 7, 2022 Gold continues to dominate the Gold to Silver ratio.  At today's rates, one ounce of gold will buy 93 ounces of silver - - - - - July 18, 2022 At today's market prices, one ounce of Gold is trading at 91.4 times the price of one ounce of Silver. Historically speaking, a very high Gold to Silver ratio. - - - - - May 11, 2022 At today's market prices, an ounce of Gold is trading at 86 times the price of an ounce of Silver. That's the highest Gold to Silver ratio since mid-2020, and still much higher than the "traditional" ratio of 60 to 1.
Read more

Europe To Ban Large Cash Transactions

Image
The European Union Plans to Ban Large Cash Transactions   Pictured: €500 Bank Note. €500 notes were withdrawn from circulation in 2019   The European Union is setting the stage to ban Cash transactions of 10,000 Euro or more, in the 25 countries using the Euro Currency.  Originally hailed as a method to stop money laundering, but now saying it doesn't work, the previous rule to report Cash transactions of €10,000 or more is being replaced with an outright ban on spending that amount in cash in those countries.  For decades, banks, and then businesses, have had to notify the IRS, and in the case of Europe, its European Union version of the IRS, when a person deposited, withdrew or spent $10,000 or more in cash or "cash equivalents", (ie: money orders & cashier's checks under $10,000).  Banks we'll even flag your account at much lower amounts, $3,000., to monitor if a person attempts to deposit or withdraw smaller amounts at multiple branches, totaling $10,000 o
Read more