Matched 2013 B Serial Number Star Notes

[AU24K]

I have a matched pair of 2013 B star notes.
Any information on best way to sell them and value?
TIA.

Best Wishes,

Scott

 

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[RTR]

I'm no paper collector but.How can 2 Bills have the same serial # ?

 

[AU24K]

I'm no paper collector but.How can 2 Bills have the same serial # ?

https://project2013b.blogspot.com/2021/10/welcome.html


Scott

 

[srcdco]

There shouldn't be 2 bills with the same serial number in the same series, but these were printed at different facilities. One was printed in Washington, DC, the other in Fort Worth, TX. I thought they still avoided repeating serial numbers. That's interesting.

Scott

 

[pepperj]

Kind of a cool find-congrats
I see the front plate # are different so the top bill was Fort Worth. the bottom being Washington-is that correct?
Have you contacted the link site yet?

 

[AU24K]

Kind of a cool find-congrats
I see the front plate # are different so the top bill was Fort Worth. the bottom being Washington-is that correct?
Have you contacted the link site yet?

Yes.
I've also contacted Heritage Auctions.
Waiting to hear back.

Be Well!

Scott

 

[Red-Coat]

I have a matched pair of 2013 B star notes.
Any information on best way to sell them and value?
TIA.

Best Wishes,
Scott

https://project2013b.blogspot.com/2021/10/welcome.html

Scott

There shouldn't be 2 bills with the same serial number in the same series, but these were printed at different facilities. One was printed in Washington, DC, the other in Fort Worth, TX. I thought they still avoided repeating serial numbers. That's interesting.

Scott

That’s correct, the numbers should not be duplicated even when the notes are printed at different plants. But this was an administrative cock-up by the Bureau of Engraving & Printing (BEP). The BEP authorises particular serial number runs for exclusive use by one or other of its two printing plants in Washington DC or Forth Worth, Texas. They then intermittently release monthly reports after the print runs have been completed, documenting the actual serial numbers used.

Collectors began to get excited in early 2015 when the $1 Series of 2013 New York star notes printed in Washington, DC began to appear in circulation with serial numbers that weren’t listed in the published BEP production records. Responding to a Freedom of Information Act request in December 2015, the BEP admitted that serial number runs authorised for use by the Washington plant and printed in November and December of 2014 had been inadvertently omitted from their reports.

It wasn’t until the BEP’s June and July 2015 production records were released that the implications of the cock-up became apparent. Some (but not all) of the improperly documented serial numbers authorised for Washington had been unintentionally re-issued for use by the Fort Worth, Texas plant to print additional New York star notes. In total, the ‘overlapping’ serial numbers resulted in 6,650,000 pairs of notes having matching numbers.

The ’Project 2013B’ website linked above is a remarkable endeavour which potentially enables collectors with a singleton note from one or other of the plants to find its partner with a matching serial number and hugely increase the value for the pair. So, as things stand, the pair that you have should have a substantial value because there hasn’t yet been much ‘matching’.

But, here’s the rub. As I see it, the more matches that are achieved, the more the price will drop and there are an awful lot of duplicate serials out there which are yet to be paired up. My take would be that selling prices will progressively drop steeply as more matches are made, and so too will the value of pairs which might have been purchased at high prices in the ‘early days’. It sounds like you should attempt to sell as swiftly as possible, playing up the current ‘rarity’. Ebay, with a high reserve, might be as good a place as any.



Incidentally, since the ’discovery’ of these paired notes, there has been an issue with the likes of companies such as Paper Money Guaranty® (PMG®). Up until July last year they had refused to acknowledge these notes as “errors” and would only grade them as “duplicated serial numbers”. Under continued protest from someone who had a matching pair and with support from Dr. Frederick Bart (author of “United States Paper Money Errors”) PMG, at least, ultimately relented. Dr. Bart went on record in part with: “I endorse these as ‘Production Errors’ and believe they should be classified as Production Errors with Duplicated Serial Numbers. I intend to identify these as such, in the 5th Edition of United States Paper Money Errors.”

 

[AU24K]

That’s correct, the numbers should not be duplicated even when the notes are printed at different plants. But this was an administrative cock-up by the Bureau of Engraving & Printing (BEP). The BEP authorises particular serial number runs for exclusive use by one or other of its two printing plants in Washington DC or Forth Worth, Texas. They then intermittently release monthly reports after the print runs have been completed, documenting the actual serial numbers used.

Collectors began to get excited in early 2015 when the $1 Series of 2013 New York star notes printed in Washington, DC began to appear in circulation with serial numbers that weren’t listed in the published BEP production records. Responding to a Freedom of Information Act request in December 2015, the BEP admitted that serial number runs authorised for use by the Washington plant and printed in November and December of 2014 had been inadvertently omitted from their reports.

It wasn’t until the BEP’s June and July 2015 production records were released that the implications of the cock-up became apparent. Some (but not all) of the improperly documented serial numbers authorised for Washington had been unintentionally re-issued for use by the Fort Worth, Texas plant to print additional New York star notes. In total, the ‘overlapping’ serial numbers resulted in 6,650,000 pairs of notes having matching numbers.

The ’Project 2013B’ website linked above is a remarkable endeavour which potentially enables collectors with a singleton note from one or other of the plants to find its partner with a matching serial number and hugely increase the value for the pair. So, as things stand, the pair that you have should have a substantial value because there hasn’t yet been much ‘matching’.

But, here’s the rub. As I see it, the more matches that are achieved, the more the price will drop and there are an awful lot of duplicate serials out there which are yet to be paired up. My take would be that selling prices will progressively drop steeply as more matches are made, and so too will the value of pairs which might have been purchased at high prices in the ‘early days’. It sounds like you should attempt to sell as swiftly as possible, playing up the current ‘rarity’. Ebay, with a high reserve, might be as good a place as any.



Incidentally, since the ’discovery’ of these paired notes, there has been an issue with the likes of companies such as Paper Money Guaranty® (PMG®). Up until July last year they had refused to acknowledge these notes as “errors” and would only grade them as “duplicated serial numbers”. Under continued protest from someone who had a matching pair and with support from Dr. Frederick Bart (author of “United States Paper Money Errors”) PMG, at least, ultimately relented. Dr. Bart went on record in part with: “I endorse these as ‘Production Errors’ and believe they should be classified as Production Errors with Duplicated Serial Numbers. I intend to identify these as such, in the 5th Edition of United States Paper Money Errors.”

I agree about more pairs being found in the future.
However, as time goes on,
many more potential matches may never be realized due to the short circulation life of US paper currency.
To date, only 11 pairs have been identified.

Thank you for your reply!

Best,

Scott

 

[Red-Coat]

I agree about more pairs being found in the future.
However, as time goes on,
many more potential matches may never be realized due to the short circulation life of US paper currency.
To date, only 11 pairs have been identified.

Thank you for your reply!

Best,

Scott

Sure, but would you rather sell with a banner of "less than a dozen known" or "less than 100 known"... or worse still "less than 1,000 known" for example. As I said, more than six and a half million pairs were printed.

 

[AU24K]

Sure, but would you rather sell with a banner of "less than a dozen known" or "less than 100 known"... or worse still "less than 1,000 known" for example. As I said, more than six and a half million pairs were printed.

You are absolutely correct in your statement.
I would rather sell now than wait until more pairs are found.

I'm certain that if they were graded, they would realize a higher price at sale.
However, I'm not familiar with the process of submission grading.
Could anyone provide details of what's involved and the time wait and cost?

Thanks to all whom have replied!

Scott

 

[Red-Coat]

You are absolutely correct in your statement.
I would rather sell now than wait until more pairs are found.

I'm certain that if they were graded, they would realize a higher price at sale.
However, I'm not familiar with the process of submission grading.
Could anyone provide details of what's involved and the time wait and cost?

Thanks to all whom have replied!

Scott

It's not something I've ever done and, in any case, I'm in the UK. Nevertheless, PMG's terms are at the links below (one of several possibilities, but perhaps the most recognised among collectors):

How to Submit | PMG

It’s easy to submit notes, tokens and medals to NGC for grading. Just follow the simple steps below. Click on a step to see detailed instructions.

www.pmgnotes.com

PMG Services & Fees | PMG

Scroll below to see the PMG grading tiers and services available to PMG Collector members for direct submissions to PMG in the United States.

www.pmgnotes.com

 

[Corvus]

Thanks for the information. I just submitted two bills into the database from my own star note stash.

 

[AU24K]

Thanks for the information. I just submitted two bills into the database from my own star note stash.

Really?
2013 B star note pairs?
Or singles?

I posted all of my single potentials and came up with a match!
Good Luck!

Scott

 

[UnderMiner]

That’s correct, the numbers should not be duplicated even when the notes are printed at different plants. But this was an administrative cock-up by the Bureau of Engraving & Printing (BEP). The BEP authorises particular serial number runs for exclusive use by one or other of its two printing plants in Washington DC or Forth Worth, Texas. They then intermittently release monthly reports after the print runs have been completed, documenting the actual serial numbers used.

Collectors began to get excited in early 2015 when the $1 Series of 2013 New York star notes printed in Washington, DC began to appear in circulation with serial numbers that weren’t listed in the published BEP production records. Responding to a Freedom of Information Act request in December 2015, the BEP admitted that serial number runs authorised for use by the Washington plant and printed in November and December of 2014 had been inadvertently omitted from their reports.

It wasn’t until the BEP’s June and July 2015 production records were released that the implications of the cock-up became apparent. Some (but not all) of the improperly documented serial numbers authorised for Washington had been unintentionally re-issued for use by the Fort Worth, Texas plant to print additional New York star notes. In total, the ‘overlapping’ serial numbers resulted in 6,650,000 pairs of notes having matching numbers.

The ’Project 2013B’ website linked above is a remarkable endeavour which potentially enables collectors with a singleton note from one or other of the plants to find its partner with a matching serial number and hugely increase the value for the pair. So, as things stand, the pair that you have should have a substantial value because there hasn’t yet been much ‘matching’.

But, here’s the rub. As I see it, the more matches that are achieved, the more the price will drop and there are an awful lot of duplicate serials out there which are yet to be paired up. My take would be that selling prices will progressively drop steeply as more matches are made, and so too will the value of pairs which might have been purchased at high prices in the ‘early days’. It sounds like you should attempt to sell as swiftly as possible, playing up the current ‘rarity’. Ebay, with a high reserve, might be as good a place as any.



Incidentally, since the ’discovery’ of these paired notes, there has been an issue with the likes of companies such as Paper Money Guaranty® (PMG®). Up until July last year they had refused to acknowledge these notes as “errors” and would only grade them as “duplicated serial numbers”. Under continued protest from someone who had a matching pair and with support from Dr. Frederick Bart (author of “United States Paper Money Errors”) PMG, at least, ultimately relented. Dr. Bart went on record in part with: “I endorse these as ‘Production Errors’ and believe they should be classified as Production Errors with Duplicated Serial Numbers. I intend to identify these as such, in the 5th Edition of United States Paper Money Errors.”

I disagree, as time goes on it will become rarer and rarer to find matched pairs as the $1 bill has a very short circulation period (on average 6 years) before they're destroyed. So it's likely most matched pairs have already lost their mates even now.

 

[Red-Coat]

I disagree, as time goes on it will become rarer and rarer to find matched pairs as the $1 bill has a very short circulation period (on average 6 years) before they're destroyed. So it's likely most matched pairs have already lost their mates even now.

Possibly, but these were star notes carrying a small collector premium anyway. They were being disproportionately taken out of circulation in good condition by collectors before it became apparent that there had also been a duplication of serial numbers across the two printing locations.

Maybe the value will stabilise at a level that still gives a nice profit for those lucky enough to find them but it's unlkely it will be at the $25,000 dollar level being bandied around for a presumption that no more than a dozen or so will be tracked down. I wouldn't want to be one of the earlier purchasers at that kind of pricing. Currently it's a seller's market but each new pair found will erode that.

 

[Corvus]

Really?
2013 B star note pairs?

Scott

No - one can register their serial numbers so they can be matched with someone else's bill.

 

[AU24K]

Update:

Update of the 2013B star notes.
Heritage Auctions wants to feature the notes in their upcoming Auction.
I was told that they have never auctioned a pair.
They said that they would submit the notes to PMG for grading and authentication.
Pre-auction estimate--$4000-$5000.
Maybe more.....
Their cut?
7.5%.
Not bad.......
Should I?

Stay tuned!

Best Wishes,

Scott

 

[AU24K]

Through negotiations with the Director of Consignments at Heritage Auctions,
I will sell the pair in their upcoming Auction as a "Featured" item!
When Heritage sends them off to PMG for grading,
I requested an unique label, identifying this pair,
specifically stated by PMG on their registry, since this is only the 12th pair ever found.
And, the unique label that I requested?
Stay tuned.....

I will continue to post all updates of this thread.

Let the bidding begin!



Best,

Scott

 

[PullTabSlayer]

Thanks for posting the info above. I went through all my star notes and I happen to have 1 2013 series B star note so I will register it in hopes of locating the other one

 

[AU24K]

I've packaged them up according to instructions and materials sent by Heritage.
I will take it to Fed-Ex on Monday.

Then, we wait.....

Best,

Scott