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Questions about star notes - Regular and sheet replacement?

Question regarding the star notes. I see that there are two types: Reg and sheet.

I read that the sheet replacements are more rare that regular replacements. Is this correct?

But for example, if you have a note that is a sheet replacement with lets say a total print run of 7 million notes but the star note run size that you have is below 600,000 notes. Does that still make that star note rare or the total print run has to be below 600,000 to make it rare?

Sorry for the confusion and I'm not explaining correctly.

Thanks all!!!

Comments

  • Steve_in_TampaSteve_in_Tampa Posts: 1,789 ✭✭✭✭✭

    Good question. My understanding is that during the COPE printing process, the sheets ending with serial numbers 9999 and 0000 are “almost” always pulled and replaced with replacement sheets. This is a manual process so it doesn’t always happen. Additionally, at the end of each print run, the sheet ending in 00002 is similarly pulled for inspection, which is why serials like 00000002 and 20000002 have been near impossible to find. None of this applies to currency printed on the new LEPE lines. Those use computers that randomly select sheets for inspection so there’s no pattern of serial numbers being pulled.

    The rarity question pits star note collectors against star note run collectors. Star note collectors outnumber run collectors. Star note collectors only need an example of each district to complete a set whereas run collectors purposely look for serial numbers within a certain range that come from a replacement sheet compared to a replacement pack. Registry set collectors typically don’t care if the note they own is from a low or high run. In 2013, run #1 from San Francisco was a mere 80K notes, but it was overshadowed by the Kansas City 250K note run because it was KC’s only printing. San Francisco went on to print almost 13M replacement notes in five print runs. In summary, sheet replacement notes are less available than pack replacement notes, but that doesn’t always translate to desirability and price because a much smaller crowd is looking for low print run replacement notes.

  • synchrsynchr Posts: 1,360 ✭✭✭✭

    Sheet replacements, which are those?
    I collect mostly "1 FRN's" so I'm trying to recall star sheets sold and am amisss
    or are you referng to $2 FRNs?

  • Steve_in_TampaSteve_in_Tampa Posts: 1,789 ✭✭✭✭✭
    edited April 23, 2021 9:05AM

    @synchr said:
    Sheet replacements, which are those?
    I collect mostly "1 FRN's" so I'm trying to recall star sheets sold and am amisss
    or are you referng to $2 FRNs?

    We are talking about the monthly BEP reports that indicate whether the notes were printed as individual notes, in packs, or in sheets, for sheet replacement. As shown here. Note that the large runs are almost always notes, and the short runs are sheets.

    The BEP did sell $1 Star sheets, but that’s a different story...

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