We are pleased to offer for sale this One Dollar Bill Green Seal FRN STAR NOTE Series 1999 US Currency. These $1 Green Seal STAR NOTE FRNs are nice original bills which grade Crisp Uncirculated (CU). These $1 Green Seal Federal Reserve Notes are STAR NOTES from Series 1999. Each bill comes in a currency sleeve for protection. These $1 Green Seal Federal Reserve Notes will make a nice addition to any currency collection!
Information on these Federal Reserve Note Series 1999 One Dollar Bills:
Series 1999 One Dollar Federal Reserve Notes can be distinguished from prior (and future) series by the signatures. The bills feature the signatures of Mary Ellen Withrow and Lawrence H. Summers. Withrow was the Treasurer of the United States at the time while Summers was the Secretary of the Treasury. The bills were printed in Washington D.C. and at the Western Facility in Fort Worth, Texas.
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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