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- Product ID: 19801
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The 1981A $1 STAR Federal Reserve Note in Crisp Uncirculated (CU) condition is a distinguished piece in the field of small-size U.S. currency collecting. Star notes, designated by a star symbol at the end of the serial number, are printed by the Bureau of Engraving and Printing (BEP) as replacements for misprinted or damaged notes detected during the production process. Their limited production and specialized role make them more elusive and desirable than standard issues. The 1981A series is especially notable as it bridges a transitional phase in both the political and monetary environment of the United States during the early years of the Reagan administration, reflecting a time of economic restructuring and growing interest in collectible modern currency.
The obverse of the 1981A $1 star note retains the classic design used since the introduction of the Federal Reserve Note in 1963, prominently featuring the portrait of George Washington at center. Washington’s image is based on the famed Athenaeum portrait by Gilbert Stuart and has become one of the most recognized symbols on American currency. The upper margin reads “FEDERAL RESERVE NOTE,” and “THE UNITED STATES OF AMERICA” is printed above Washington’s portrait. Flanking him are the Treasury seal and the appropriate Federal Reserve Bank seal. On a star note, the serial number includes a star replacing the final letter—clearly marking it as a replacement and distinguishing it from millions of standard notes.
The 1981A series was issued with the signature combination of Angela M. Buchanan as Treasurer of the United States and Donald T. Regan as Secretary of the Treasury. This pairing appeared on earlier 1981 series notes, but was extended to the 1981A series due to continued demand and production needs. These notes were printed exclusively at the Bureau of Engraving and Printing's Washington, D.C. facility; the Fort Worth facility would not produce $1 notes until later years. The star notes of this series were printed in small replacement runs across all twelve Federal Reserve Districts, though quantities varied widely depending on production errors and printing needs.
The reverse design features the classic motifs of the Great Seal of the United States. To the left is the reverse of the Seal, showing the unfinished pyramid with the Eye of Providence above it and the Latin mottos “ANNUIT COEPTIS” and “NOVUS ORDO SECLORUM.” To the right is the obverse of the Seal, with the eagle clutching an olive branch and arrows, symbolizing peace and war, beneath a constellation of 13 stars. The denomination “ONE” is printed prominently in large letters and numerals, emphasizing the note’s value, and the phrase “IN GOD WE TRUST” appears above the eagle. The intricacy of the engraving and symbolism speaks to the longstanding traditions of American currency design.
The STAR designation on these notes is critical for collectors. The use of star notes ensures precise accounting for total currency in circulation by replacing any notes pulled for quality control. Star notes are printed in separate runs and in smaller quantities, often making them harder to locate in high grades. On the 1981A $1 note, the star appears after the serial number, in the lower left and upper right corners. The Federal Reserve Bank letter—A through L—indicates the issuing district and is tied to the Federal Reserve seal on the left side of the obverse. Collectors often build full district sets of star notes, and the rarity can vary greatly among districts.
The 1981A $1 star notes were produced in fewer numbers than the standard issues of the same series, with particularly low outputs for some districts. Notes from less populous districts such as Minneapolis (I), Kansas City (J), or San Francisco (L) are often scarcer and command higher premiums. Even among more common districts like New York (B) or Chicago (G), the star note populations are significantly lower than standard issues, making any CU example an attractive acquisition. These factors elevate the star notes’ status among both casual and specialized paper money collectors.
In Crisp Uncirculated condition, a 1981A $1 star note will show no folds, creases, or signs of circulation. The paper will be crisp and firm, retaining its original texture, embossing, and coloration. Corners are sharp and squared, and the ink is fully saturated with no fading. Notes in CU condition are often stored in currency holders or archival-quality sleeves to protect them from environmental damage. Many collectors prefer CU notes for display and long-term value retention, especially when paired with clean centering and strong margins.
The numismatic value of a 1981A $1 star note in CU condition depends on the issuing district, total printing figures, and general scarcity. Common districts in CU condition may carry modest premiums above face value, typically ranging from $5 to $15 depending on demand. Scarcer districts or low-run stars can fetch significantly more—sometimes exceeding $50 or even $100 for the rarest combinations. Additionally, collectors often seek out notes with unique serial numbers—such as low numbers, repeaters, or radar patterns—which can further increase desirability and value.
These notes are sometimes submitted for third-party grading by professional currency grading services such as PMG (Paper Money Guaranty) or PCGS Banknote. Graded examples with a CU equivalent of 64 and above, particularly in 66 or 67, attract attention for their condition rarity. Notes that earn the coveted “EPQ” (Exceptional Paper Quality) or “PPQ” (Premium Paper Quality) designations tend to command premium prices. While not every 1981A star note warrants grading, examples with exceptional paper quality, rare district-star combinations, or unique serials are ideal candidates.
Historically, the issuance of star notes has reflected the meticulous quality assurance practices of the BEP, making them a fascinating lens through which to examine currency production. The 1981A star note also offers a glimpse into the economic and political climate of early Reagan-era America, when inflation and monetary policy were dominant concerns. For collectors, these notes encapsulate both a technical process and a historical moment, wrapped in familiar yet subtly rare packaging. Their appeal lies not just in rarity, but in the story they represent—of oversight, precision, and quiet distinction amid billions of printed dollars.
In conclusion, the 1981A $1 STAR Federal Reserve Note in Crisp Uncirculated condition is a rewarding target for collectors of U.S. small-size currency. Its blend of classic design, controlled rarity, and pristine preservation makes it a desirable addition to any collection. Whether pursued for its numismatic value, its representation of monetary history, or its place in a complete star note set, this note exemplifies the art and function of modern paper currency. It stands as a subtle yet meaningful artifact of a transitional time in American economics and numismatics.