             
           |
Large Size Star Notes 1910 to 1929Large Size Star Notes, commonly referred to as Replacement Notes were first printed and used by the Bureau of Engraving and Printing (BEP) in 1910. Prior to 1910 replacement notes were replaced with notes using the same serial number. The replacement notes were hand stamped and the process was very tedious and time consuming. According to Jim Murray author of “The Complete Catalog of US Large Size Star Notes 1910-1929, 3rd edition”, there are 29 different types of large size star notes. Starting in 1910, these star notes were preprinted by the BEP for all 29 large size types and a star placed in front of the serial number, with the exception of the 1914 Federal Reserve Notes and the 1918 Federal Reserve Bank Notes where the star was placed after the serial number. During printing runs, any note identified by the BEP as unacceptable for issue to the Federal Reserve Banks were pulled by inspectors and replaced with the preprinted star notes. The reason for this was to keep accurate count of outstanding US currency for the Comptroller. According to author Jim Murray, the BEP printed approximately 95 million large size star notes from 1910 to 1929, but not all of them were issued or released. Jim also states in his book that as of December of 2006 there were 6,296 reported, which equates to a survival rate of 1 star note for every 15,100 printed. Most large size star notes that survived are in Very Good to Fine Condition. Large Size Star Notes are becoming very popular as collectors realize their true rarity. Featured Item
|
|
