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BILLS WITH A STAR IN THE SERIAL NUMBER



 
 
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  #1  
Old December 18th 04, 06:45 PM
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Default BILLS WITH A STAR IN THE SERIAL NUMBER

anyone have info???

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  #2  
Old December 18th 04, 09:35 PM
Edward McGrath
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Hey Squiggey you posted this question in web tv's RCC NG and I posted a
link that answered your question. Gee is everyone high on web tv?

  #3  
Old December 18th 04, 10:35 PM
Coin Saver
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From: Squiggey

BILLS WITH A STAR IN THE SERIAL NUMBER ... anyone have info???


Yes.

These are replacement notes; collectors call them "Star Notes". The Star is
placed in lieu of the Block Designation letter. They are collectible.

Consider this explanation:

When the Bureau of Engraving and Printing (BEP) prints up money for the
Treasury Department, they begin first by making a number of replacement "Star
Notes" and set them aside.

The BEP uses the serial numbers as an accounting system. To prevent serial
number errors and possibly employee theft, the serial number counters are
sealed, and cannot be "rolled back" for any reason. So, when the counter shows
1 million Notes (bills) were printed (on sheets of 32 Notes; 4 by 8), the
accountant can verify the number of dollars made.

The money is then cut, and placed into "bricks" of 4,000 notes per "brick".
The serial numbers of the notes in the "bricks" must conform to an established
sequence; ie: "brick" #1 must contain serial numbers 00000001 through 00004000,
the second "brick" 00004001 through 00008000, and so on. Again, the reason is
for both accounting purposes as well as prevention of theft.

During the normal operation of printing money, if there should be a mistake,
such as a paper-sheet misfeed, and some money is ruined, they face a problem:
they cannot just re-print the serial numbers of the ruined notes (the counters
cannot be rolled back), they cannot just adjust the number of notes in a
"brick" (there must be 4000), and they must begin and end each "brick" with the
proper serial number.

To resolve this, a BEP Supervisor will replace the spoiled Notes with "Star
Notes", and assure that the spoiled Notes are destroyed.

Obviously, the BEP workers try to use as few Star Notes as possible, as
'mistakes' reflect upon their performance. For this reason, Star Notes usually
have a lower serial number than average Notes.

Due to a lack of pattern of issuance, some Star Notes may be more desirable
than others. Factors include: the District (identified by the letter preceeding
the serial number), the Series (identified by both the signature combination
and by the stated series year on the face), and the overall condition.

HTH
8-|
- Coin Saver

  #4  
Old December 19th 04, 01:49 AM
John DeBoo
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Damned fine explanation, thanx! John

Coin Saver wrote:
From: Squiggey



BILLS WITH A STAR IN THE SERIAL NUMBER ... anyone have info???



Yes.

These are replacement notes; collectors call them "Star Notes". The Star is
placed in lieu of the Block Designation letter. They are collectible.

Consider this explanation:

When the Bureau of Engraving and Printing (BEP) prints up money for the
Treasury Department, they begin first by making a number of replacement "Star
Notes" and set them aside.

The BEP uses the serial numbers as an accounting system. To prevent serial
number errors and possibly employee theft, the serial number counters are
sealed, and cannot be "rolled back" for any reason. So, when the counter shows
1 million Notes (bills) were printed (on sheets of 32 Notes; 4 by 8), the
accountant can verify the number of dollars made.

The money is then cut, and placed into "bricks" of 4,000 notes per "brick".
The serial numbers of the notes in the "bricks" must conform to an established
sequence; ie: "brick" #1 must contain serial numbers 00000001 through 00004000,
the second "brick" 00004001 through 00008000, and so on. Again, the reason is
for both accounting purposes as well as prevention of theft.

During the normal operation of printing money, if there should be a mistake,
such as a paper-sheet misfeed, and some money is ruined, they face a problem:
they cannot just re-print the serial numbers of the ruined notes (the counters
cannot be rolled back), they cannot just adjust the number of notes in a
"brick" (there must be 4000), and they must begin and end each "brick" with the
proper serial number.

To resolve this, a BEP Supervisor will replace the spoiled Notes with "Star
Notes", and assure that the spoiled Notes are destroyed.

Obviously, the BEP workers try to use as few Star Notes as possible, as
'mistakes' reflect upon their performance. For this reason, Star Notes usually
have a lower serial number than average Notes.

Due to a lack of pattern of issuance, some Star Notes may be more desirable
than others. Factors include: the District (identified by the letter preceeding
the serial number), the Series (identified by both the signature combination
and by the stated series year on the face), and the overall condition.

HTH
8-|
- Coin Saver

  #5  
Old December 19th 04, 03:13 PM
RAV
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Default

On 18 Dec 2004 22:35:03 GMT, ojunk (Coin Saver)
wrote:

From: Squiggey


BILLS WITH A STAR IN THE SERIAL NUMBER ... anyone have info???


Yes.

These are replacement notes; collectors call them "Star Notes". The Star is
placed in lieu of the Block Designation letter. They are collectible.

Consider this explanation:

When the Bureau of Engraving and Printing (BEP) prints up money for the
Treasury Department, they begin first by making a number of replacement "Star
Notes" and set them aside.

The BEP uses the serial numbers as an accounting system. To prevent serial
number errors and possibly employee theft, the serial number counters are
sealed, and cannot be "rolled back" for any reason. So, when the counter shows
1 million Notes (bills) were printed (on sheets of 32 Notes; 4 by 8), the
accountant can verify the number of dollars made.

The money is then cut, and placed into "bricks" of 4,000 notes per "brick".
The serial numbers of the notes in the "bricks" must conform to an established
sequence; ie: "brick" #1 must contain serial numbers 00000001 through 00004000,
the second "brick" 00004001 through 00008000, and so on. Again, the reason is
for both accounting purposes as well as prevention of theft.

During the normal operation of printing money, if there should be a mistake,
such as a paper-sheet misfeed, and some money is ruined, they face a problem:
they cannot just re-print the serial numbers of the ruined notes (the counters
cannot be rolled back), they cannot just adjust the number of notes in a
"brick" (there must be 4000), and they must begin and end each "brick" with the
proper serial number.

To resolve this, a BEP Supervisor will replace the spoiled Notes with "Star
Notes", and assure that the spoiled Notes are destroyed.

Obviously, the BEP workers try to use as few Star Notes as possible, as
'mistakes' reflect upon their performance. For this reason, Star Notes usually
have a lower serial number than average Notes.

Due to a lack of pattern of issuance, some Star Notes may be more desirable
than others. Factors include: the District (identified by the letter preceeding
the serial number), the Series (identified by both the signature combination
and by the stated series year on the face), and the overall condition.

HTH
8-|
- Coin Saver


Given what you said that "they MUST [my emphasis] begin and end each
'brick' with the proper serial number," what happens if (for example,
in a brick that's supposed to contain 00004001 through 00008000), the
first (00004001) or last (00008000) bill is the damaged one? I assume
like any other damaged bill it has to be replaced with a star note,
but do they have to do anything special because they're the first or
last?
 




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