A Series 1934A $1,000 Federal Reserve note with a star in the serial
number sold at auction for more than $45,000 Nov. 21 by Lyn Knight
The auction was held during the 29th annual National Coin &
Currency Convention Nov. 19 to 23 in Rosemont, Ill.
The price does not include the buyer’s fee, which can be 15 percent
or 18 percent depending on how the buyer decides to pay for the item.
The note, graded Choice Uncirculated 64 by Paper Money Guaranty, was
printed for the Federal Reserve Bank of New York.
According to the catalog description, only this single star note is
reported for the New York bank, and only 13 star notes are reported
for the entire Series 1934A.
Star notes are replacement notes. A star appears at the end of the
serial number in place of the letter at the end that is normally used.
Star notes are from sheets of replacement notes that are prepared
for when a printing error or damage is discovered on a sheet during
inspection at the Bureau of Engraving and Printing.
Star notes are scarcer than normal notes because they are printed in
smaller quantities than regular notes.
For more information about the auction visit the firm’s website.
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