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#1
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rookie question on $2 bill
http://www.sit.wisc.edu/~dmoffitt/serials/03_b.html
Going by this link...Does this mean that there has only been 3,200,000 $2 bills printed up until August, and they are all star notes? I thought star notes were replacement notes? Do they normally print them first and use them as needed to replace old worn, or destroyed bills? Thanks in advance. John III |
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#2
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From: "John III"
http://www.sit.wisc.edu/~dmoffitt/serials/03_b.html Going by this link...Does this mean that there has only been 3,200,000 $2 bills printed up until August, and they are all star notes? Yup. I thought star notes were replacement notes? Exactly so. Do they normally print them first and use them as needed to replace old worn, or destroyed bills? 50% correct. Star Notes are only used for replacing Notes 'spoiled' during the printing process. Such as if a sheet were mis-fed into the press. Notes which are returned as excessively worn and disposed of are replaced bu 'regular' blocked Notes (not stars). 8-/ Coin Saver |
#3
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x-no-archive:yes
... So does anyone know if these new 2003 Two's are being printed for all Districts, or will it be like the '95's & just be a run for 1 district?? |
#4
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Bookmark this link:
http://www.sit.wisc.edu/~dmoffitt/serials/ -Fred Shecter -- ""Remove "zorch" from address (2 places) to reply. "ADVANSPEC" wrote in message ... x-no-archive:yes ... So does anyone know if these new 2003 Two's are being printed for all Districts, or will it be like the '95's & just be a run for 1 district?? |
#5
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From: advanspec
So does anyone know if these new 2003 Two's are being printed for all Districts, or will it be like the '95's & just be a run for 1 district? That's up to the Director of the BEP, but my guess is that they *won't* be for *all* Districts. Whether or not they'll be limited to just one District is anybody's guess. 8-/ Coin Saver |
#6
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Fred, according to your provided link. It has the letter I as the first
letter of the Serial number. Does that mean that these are printed for only the Minneapolis district? Also, how do they decide which district to print them for? Requests from a district? One more question (for now). How do they know how many of these star notes to print up in advance, experience, lucky guess? Please remember I am a rookie :-) Thanks, John III "Fred Shecter" wrote in message ... Bookmark this link: http://www.sit.wisc.edu/~dmoffitt/serials/ -Fred Shecter -- ""Remove "zorch" from address (2 places) to reply. "ADVANSPEC" wrote in message ... x-no-archive:yes ... So does anyone know if these new 2003 Two's are being printed for all Districts, or will it be like the '95's & just be a run for 1 district?? |
#7
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On Fri, 19 Sep 2003 21:12:42 -0400, "John III"
wrote: Fred, according to your provided link. It has the letter I as the first letter of the Serial number. Does that mean that these are printed for only the Minneapolis district? Also, how do they decide which district to print them for? Requests from a district? One more question (for now). How do they know how many of these star notes to print up in advance, experience, lucky guess? Please remember I am a rookie :-) Thanks, John III John, If I can jump in with my $2 worth on knowing how many stars to print... It's like any other product that gets manufactured. Make enough of them, and you'll get a very good handle on what your spoilage rate is going to be. take care, Scott |
#8
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From: Scott Stevenson
It's like any other product that gets manufactured. Make enough of them, and you'll get a very good handle on what your spoilage rate is going to be. Except this is a Government project, not one of private industry. 8-/ Coin Saver |
#9
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From: "John III"
the letter I as the first letter of the Serial number. Does that mean that these are printed for only the Minneapolis district? Also, how do they decide which district to print them for? Requests from a district? There are 12 Districts in the Federal Reserve. Originally, the process was to send the matching Notes to the District ordering them. However, since about 1990, the BEP has re-vamped the system, and now the District designations are used primarilly as an accounting system; now, when a Federal District Bank orders Notes, they can receive them bearing any of the 12 District notations. Since using the newer system of accounting, it seems the Notes with the most printings seem to be B & L, and with the fewest C & I. How do they know how many of these star notes to print up in advance, experience, lucky guess? They have a guideline that they follow. They'll print up 320,000 at a time, until the 'need' is fulfilled. The number needed is determined by the orders for Notes by the District Federal District Banks. In this case, there must have been orders from at least one of the Federal District Banks for $2 Notes which sent their reserves below acceptable minimum stockpile, which means they must now print more for that purpose. Due regulations, they must print in the most current Series, and the 2003 Series was established prior to the order. When a new Series for a denomination is first started, the initial action is to print Star Notes to have them at the ready. At this point, they only have to print and stockpile them. Unless there are actual orders for $2 Notes that further deplete the stockpile, they don't have to issue them. 8-/ Coin Saver |
#10
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