Star Note
A star note is also a bank note that has an asterisk (*), or star, after the serial number. These have been used by various countries around the world including Australia and United States. In the US, The Bureau of Engraving and Printing inspects currency for printing errors prior to releasing notes into general circulation. When notes are discovered that have been printed incorrectly (such as having the serial numbers upside down, etc.) the misprinted "error notes" are replaced with star notes because no two bills within a certain series can be produced with the same serial number. They are used to maintain a correct count of notes in a serial number run. By their nature, star notes are more scarce than notes with standard serial numbers and as such are widely collected by numismatists. Some of the highest prices paid for modern (post-1928) U.S. banknotes have been for star notes.
A star note was also substituted for the last note in a block rather than printing a note with a serial number consisting of eight zeros. This practice is no longer in use, as the highest range of serial numbers is now reserved for uncut sheets sold to collectors, so regular notes intended for circulation do not reach the final serial number in the block.
Read more about this topic: Replacement Banknote
Famous quotes containing the words star and/or note:
“And though in tinsel chain and popcorn rope
My tree, a captive in your window bay,
Has lost its footing on my mountain slope
And lost the stars of heaven, may, oh, may
The symbol star it lifts against your ceiling
Help me accept its fate with Christmas feeling.”
—Robert Frost (1874–1963)
“The finch, the sparrow, and the lark,
The plainsong cuckoo grey,
Whose note full many a man doth mark
And dares not answer nay.”
—William Shakespeare (1564–1616)