Two Dollar Bill Green Seal FRN STAR NOTE Series 1976 US Currency Good or Better

We are pleased to offer for sale this Two Dollar Bill Green Seal FRN STAR NOTE Series 1976 US Currency Good or Better.  These $2 Green Seal FRNs are nice original bills which grade good or better. These Two Dollar Reserve Notes are STAR NOTES from Series 1976.  Each bill comes in a currency sleeve for protection.  These 1976 $2 Green Seal Federal Reserve Notes will make a nice addition to any currency collection!

Information on these Federal Reserve Note Series 1976 Two Dollar Bills:

Two Dollar Federal Reserve Notes have only been printed since the inaugural bicentennial year of 1976. Bills were later printed in series 1995, 2003, and 2009. The obverse features a portrait of the third president of the United States, Thomas Jefferson.  The reverse of the bill features the signing of the Declaration of Independence, a printing of the John Trumbull original.  Series 1976 were the first two dollar issues to use this historic piece of art in its design, with following series keeping the same obverse and reverse.    

What is a Star Note?

A Star Note is a bank note minted to replace a defective note that was not fit for circulation. The Bureau of Engraving and Printing (BEP) uses these Star Notes to ensure that the correct amount of currency is created.  The BEP does not replicate the exact serial numbers of the defective bills, rather a separate run of notes (with their own sequential serial numbers) is created to mint the exact number of discarded notes.  These Replacement Star Notes are marked with a distinctive symbol, a "star" that is placed adjacent to the serial number.  On Legal Tender Notes and Silver Certificates the star is where the prefix (first letter) of to the serial number would be.  On Federal Reserve Notes the star is where the block letter (the last letter) of the serial number would be.

Historically, Star Notes were also used for the 100,000,000th note in a series, the last note in the block of serial numbers (the numbering machines could not print over 8 digits).  Star Notes are no longer used for this.  Star Notes occasionally replaced notes from a different series, as well.  

The number of Star Notes produced for a series depends on the number of printed bills found to be defective.  The BEP currently prints Star Notes in maximum runs of 3.2 million (100,000 sheets of 32 notes each).  The runs are often significantly smaller depending on how many Star Notes are needed. So what is the value of a Star Note?  The smallest run sizes produce the rarest, and potentially most valuable, Star Notes! 

What is a Federal Reserve Note?

Federal Reserve Notes are United States Currency also known as Greenbacks, Feds, or FRNs.  Federal Reserve Notes were authorized by an Act of Congress, December  23, 1913.  Federal Reserve Notes are the main currency that we use today.   All Federal Reserve Notes can be distinguished by their green seals.  Federal Reserve Notes are obligations of the United States and are a first lien on the assists of the issuing Federal Reserve Bank.  These notes are also secured by a pledge of collateral equal to the face value of the note.  The collateral consists of one of the following assets:  1) Gold Certificates, 2) Special Drawing Right Certificates, 3) United States Government Securities, or 4) "eligible paper" as described by the statue.  

Federal Reserve Notes are currently issued in denominations of $1, $2, $5, $10, $20, $50, and $100.  The Department of the Treasury discontinued issuance of  $500, $1,000, $5,000, and $10,000 Federal Reserve Notes on July 14, 1969 because of a lack of demand.

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