$50 1996 Federal Reserve Note
From the SAN FRANCISCO (L) district.
Star notes are replacements for notes that were damaged or misprinted during the printing process. The damaged note would be destroyed and a new note would be printed to maintain an accurate count. Until 1910, the replacement note would have the exact serial number (including block letters) as the one destroyed. The BEP quickly realized this was too time consuming and began to print a small quantity of star notes in advance of the regular issues. Once the inspectors located a defective note, the replacement (star) note would be inserted. In most cases, the star note would not have an identical serial number as the one it replaced. The exception being made for high denomination ($5,000 and $10,000) Federal Reserve Notes or small size National Bank Notes. Since these exclusions have not been printed since the 1940s, the BEP continues to use the replacement process of printing the star notes in advance and replacing them.
Star notes are among the HOTTEST SEGMENTS in the CURRENCY MARKET.
This is an ORIGINAL PACK of 100 CONSECUTIVE STAR NOTES.
Still in the BEP issued band.
ONE OF 4 DISTRICTS FROM THE SERIES THAT ISSUED STARS
BIG HEAD DESIGNS WERE ISSUED BEFORE THE COLORIZED DESIGNS
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