Yes, it falls under the category of "fancy cancels". The basic 5 point star will have a modest premium. There are hundreds of different types of fancy cancels. Simple cork cancels and bullseye's are the most common. Your cancel is rather light, but still very collectible. Also, looks like "purple" cancel (?). The black cancels are more common. Other varieties of the 5-point star include "in circle" and "negative star" (star is white inside a black circle).
Star silent precancels do exist from Glen Allen,VA, Andover & Clinton, NY also Providence, RI & Troy, OH. However no stamp was ever greater then the 5ct value.
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