Update (found a couple - pic): Question that only a CRHer ...

JasonB · Apr 30, 2008

Gents,

I need lots of uncirculated currency for resale, and I'm especially interested in the star notes (who isn't right). Well, I can't seem to get my banks (I'm working with three) to cooperate. I'm tempted to bring them breakfast or something to soften them up.

Is there a rule against them holding certain bills and calling me to come get them? Or, do they just not want to help me out? A friend of mine's wife is a manager at one bank and I'm thinking of meeting with her and asking for help.

Any advice on breaking into the inner circle is appreciated.

Thanks,
Jason

Cat J · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

They just don't want to bother with it. Do you only want uncirculated.

Good luck
Cat

JasonB · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

I'll take any star notes of course but I need a steady supply of uncirculated sequential notes. Folks buy and hold these uncir consecutives in hopes they will appreicate of just because they enjoy collecting them.

Any way to sweeten it up to where they do want to fool with it? I would pay a premium or something but no one seems interested.

Codes · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

JasonB said:
I'll take any star notes of course but I need a steady supply of uncirculated sequential notes.

I'm not really sure anyone can get a steady supply of them. Its not like the star notes are printed and sent to certain banks at regular intervals.

seattleMD · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

All banks get new sequential uncirculated notes every now and then - some obviously more often than others (probably merchant banks). I recommend setting up a savings account with them (so that they can make money off you), explaining what your doing, and just being friendly.

Silver Stripe · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

I would add that "you" are the collector- leave off the bit about resale. HH Mark

XX · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

There are two ordering periods right before Christmas where banks can order brand new bills (referred to as holiday cash) without incurring a surcharge. Outside of those two ordering periods, the Federal Reserve charges a surcharge for specifically requesting brand new bills. I don't know the amount of the fee, but I imagine it's on the order of $5 to $10 per bundle (similar to the cross shipping fee).

bazinga · Apr 30, 2008

Re: Question that only a CRHer may be able to answer..

seattleMD said:
All banks get new sequential uncirculated notes every now and then - some obviously more often than others (probably merchant banks). I recommend setting up a savings account with them (so that they can make money off you), explaining what your doing, and just being friendly.

They make money on you as long as you have *any* money in *any* account in their bank.

As for finding notes in sequence, just go to every bank and start asking. I've gotten lots of them in the past without asking for them. Most bank tellers I've come across don't enjoy counting them because they stick together so easily, so I would assume that they would be glad to sell you them as they are.

As for finding star notes. Just buy lots of currency at one branch, search it, and deposit it at another branch. I've done this in the past and found lots of star notes without going through a whole lot of currency.

JasonB · May 1, 2008

Re: Question that only a CRHer may be able to answer..

That's all good advice. I'm a 'collector' (which I am) and I'm a nice guy so treat me nicely. Also the advice to take lots of cash (volume) and just dump what isn't useful at one of my other banks.

If I pulled a thousand or so daily I should be able to come across some interesting notes.

I'll post any really good ones I find in the currency section. I wish that forum had the activity this one does. Maybe I'll work on some postings there and try to create some interest.

Thanks all,
Jason

pizzaman55792 · May 1, 2008

Re: Question that only a CRHer may be able to answer..

dang why couldn't you post this yesterday i just released $50 in sequential star notes back into the wild because i basically lost money on 2 eBay auctions.
jay

JasonB · May 1, 2008

Re: Question that only a CRHer may be able to answer..

I think I'm going to be ill

Hey think of me next time. Those are way too rare to be catchin' and releasin'.

Jason

JasonB · May 1, 2008

Re: Question that only a CRHer may be able to answer.. (update w/ pic)

Your advice paid off - found three star notes today.

bazinga · May 1, 2008

Re: Question that only a CRHer may be able to answer..

Those look to be in better condition that I ever found.

What I used to do is cash my $2,000 in halves at one bank and ask for bundles of small bills and search them on my way to another bank where I cashed them in for $2,000 more in halves. I didn't do this very often, but whenever I did I always had luck finding a couple of star notes. Even the occasional $100 star note, which sadly I always released back into circulation because there was nothing I could really do with it.

Another tip is to ask the tellers to save any old money that is going to be destroyed. Whenever old bills come in they save them and ship them back to the fed to be destroyed. Some tellers will save them for you if they like you.

JasonB · May 1, 2008

Re: Question that only a CRHer may be able to answer..

I did something similar, went to the ATM got $300 in $20s, took that to the bank and bought $1's and $5's. The more you see the better. And, if you hit a batch of consecutive star notes at the ATM, take out the max you can so you get all of 'em.

cyberdan · May 1, 2008

Re: Question that only a CRHer may be able to answer..

I only know coins. What is so special about star notes?

JasonB · May 1, 2008

Re: Question that only a CRHer may be able to answer..

When the Fed makes a mistake printing a bill, they reprint it with the same serial number (all SNs have to be used). The reprints have a star instead of a letter. Bottom line is they're not common which makes them collectable and valuable. If have consecutive numbers, or a low serial, high serial ect it makes them more rare.

Folks seem to love them. Keep a look in your change you'll likely find one.

Hey, it's another form of treasure, gotta always be looking!

fatsmahoney · May 1, 2008

what is the difference in a star note and a regular note besides the star whats so special about them

Codes · May 1, 2008

fatsmahoney said:
what is the difference in a star note and a regular note besides the star whats so special about them

As far as I know, no difference but the star.

GMan00001 · May 2, 2008

fatsmahoney said:
what is the difference in a star note and a regular note besides the star whats so special about them

Star notes are replacement notes. Basically when they discover an error they destroy the error note and reprint a note (star note) in its place. The biggest difference is that they have a lower number printed or in other words are rarer.

Scalper · May 2, 2008

Star notes make up for approx. 1% of the currency , as stated by some other folks they are replacement notes and collectible ... btw Jason those are some nice looking notes that you found , congrats Ed