A replacement banknote, commonly referred to as a star note, is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities to know the exact number of banknotes being printed. Also, since no two serial numbers can be the same,[1] the bill is simply reprinted with a symbol in the serial number, identifying it as a replacement for an error note. Replacement bills have different symbols to mark the error around the world, although the most popular examples are "star notes".
A $100 "star note". The asterisk, or "star" following the serial number indicates this is a replacement note for one that was misprinted or damaged in the printing process.
As quality control finds defective notes in the printing process after the serial number has been overprinted, they are taken out with their serial number written down and replaced with another banknote printed specifically for this purpose, so that the number of banknotes being printed stays the same in each production batch. This saves time and money compared to re-printing exactly the same serial number that was used before. It is rare that the replacement banknote has the same serial number as the original faulty one. A replacement note will have its own serial-numbering system that separates it from the normal numbering system.
Examples of marker by countriesedit
The United States, India[2] and the Philippines use the "★" in the serial number to mark a replacement banknote. These are known as "star notes". These were also used by Australia until 1972.
Canada used "✽" at the beginning of serial numbers on its replacement banknotes until 1975. They are known as "asterisk notes". Some later issues use prefixes with "33" or "X" to mark replacement banknotes.
Argentina uses "R" in the serial number to mark replacement banknotes.
Singapore uses "Z/0" in the serial number to mark replacement banknotes.
Indonesia uses "X" in the serial number to mark replacement banknotes.
Iraq and Kuwait use prefix "Letter/99" in the serial number to mark replacement banknotes.
Zambia uses "X3" in the serial number to mark replacement polymer banknotes.
Thailand uses "Sพ, 0Sพ,1Sพ,2Sพ ..." in the serial number to mark replacement polymer banknotes.
Serbia uses "ZA" in the serial number to mark replacement banknotes.
Nigeria uses "DZ" in the serial number to mark replacement banknotes.
Different countries may also have their own numbering or marking schemes. There is no guaranteed way to know the rarity of replacement banknotes as they are only introduced to replace defective ones. Some banknote collectors go after these rather unusual banknotes as their specialty. Both paper and polymer replacement notes exist as this control mechanism.
Star noteedit
1957 one United States dollar star note {Star precedes serial number)
A star note is also a bank note that has an asterisk (*), or star, after the serial number. Many early issues carried the star in front of the serial number. These have been used by various countries around the world including Australia and the United States. In the US, the Bureau of Engraving and Printing inspects currency for printing errors prior to releasing notes into general circulation. When notes are discovered that have been printed incorrectly (such as having the serial numbers upside down, etc.) the misprinted "error notes" are replaced with star notes because no two bills within a certain series can be produced with the same serial number.[3] They are used to maintain a correct count of notes in a serial number run. By their nature, star notes are more scarce than notes with standard serial numbers and as such are widely collected[4][5] by notaphilists. Some of the highest prices paid for modern (post-1928) U.S. banknotes have been for star notes.[citation needed]
A star note was also substituted for the last note in a block rather than printing a note with a serial number consisting of eight zeros. This practice is no longer in use, as the highest range of serial numbers is now reserved for uncut sheets sold to collectors, so regular notes intended for circulation do not reach the final serial number in the block. Star notes are highly sought after by collectors and are sold for a price exceeding their face value depending on how low the serial number is.[6]
Pre-star replacement noteedit
Before the asterisk (*), or star, was introduced in the United States in 1910, there was no identifier that distinguished notes that had been replaced due to printing errors, and thus these replacements went largely unnoticed. Beginning in 1903, the advent of the rotary press improved production by applying all eight serial numbers in a single pass, unlike the prior paging machine, which applied one number at a time. While the rotary press improved production, it was counterproductive to use to print a single replacement sheet, thus the older paging machines were retained and used to make replacements. Due to the distinctive font differences between these two processes, replacement notes, pre-star, can be identified based on several factors including year of printing and close examination of the printed serial number font.[7]
Referencesedit
^"U.S. Bureau of Engraving and Printing - Serial Numbers". www.moneyfactory.gov. Retrieved 2021-07-07.
^"Reserve Bank of India - Museum". www.rbi.org.in. Retrieved 2021-01-08.
^. The United States Treasury Bureau of Engraving and Printing. Archived from the original on March 15, 2015. Retrieved May 27, 2010.
^"Is My Star Note Rare?". www.mycurrencycollection.com. Retrieved 2021-01-08.
replacement, banknote, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, 2017. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Replacement banknote news newspapers books scholar JSTOR May 2017 Learn how and when to remove this message A replacement banknote commonly referred to as a star note is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities to know the exact number of banknotes being printed Also since no two serial numbers can be the same 1 the bill is simply reprinted with a symbol in the serial number identifying it as a replacement for an error note Replacement bills have different symbols to mark the error around the world although the most popular examples are star notes A 100 star note The asterisk or star following the serial number indicates this is a replacement note for one that was misprinted or damaged in the printing process Contents 1 Description 2 Examples of marker by countries 3 Star note 4 Pre star replacement note 5 ReferencesDescription editAs quality control finds defective notes in the printing process after the serial number has been overprinted they are taken out with their serial number written down and replaced with another banknote printed specifically for this purpose so that the number of banknotes being printed stays the same in each production batch This saves time and money compared to re printing exactly the same serial number that was used before It is rare that the replacement banknote has the same serial number as the original faulty one A replacement note will have its own serial numbering system that separates it from the normal numbering system Examples of marker by countries editThe United States India 2 and the Philippines use the in the serial number to mark a replacement banknote These are known as star notes These were also used by Australia until 1972 Canada used at the beginning of serial numbers on its replacement banknotes until 1975 They are known as asterisk notes Some later issues use prefixes with 33 or X to mark replacement banknotes Argentina uses R in the serial number to mark replacement banknotes The Bahamas Sri Lanka Malaysia and Guatemala use Z in the serial number to mark replacement banknotes Scotland Hong Kong and Mongolia use ZZ in the serial number to mark replacement banknotes Singapore uses Z 0 in the serial number to mark replacement banknotes Indonesia uses X in the serial number to mark replacement banknotes Iraq and Kuwait use prefix Letter 99 in the serial number to mark replacement banknotes Zambia uses X3 in the serial number to mark replacement polymer banknotes Thailand uses Sph 0Sph 1Sph 2Sph in the serial number to mark replacement polymer banknotes Serbia uses ZA in the serial number to mark replacement banknotes Nigeria uses DZ in the serial number to mark replacement banknotes Different countries may also have their own numbering or marking schemes There is no guaranteed way to know the rarity of replacement banknotes as they are only introduced to replace defective ones Some banknote collectors go after these rather unusual banknotes as their specialty Both paper and polymer replacement notes exist as this control mechanism Star note edit nbsp 1957 one United States dollar star note Star precedes serial number A star note is also a bank note that has an asterisk or star after the serial number Many early issues carried the star in front of the serial number These have been used by various countries around the world including Australia and the United States In the US the Bureau of Engraving and Printing inspects currency for printing errors prior to releasing notes into general circulation When notes are discovered that have been printed incorrectly such as having the serial numbers upside down etc the misprinted error notes are replaced with star notes because no two bills within a certain series can be produced with the same serial number 3 They are used to maintain a correct count of notes in a serial number run By their nature star notes are more scarce than notes with standard serial numbers and as such are widely collected 4 5 by notaphilists Some of the highest prices paid for modern post 1928 U S banknotes have been for star notes citation needed A star note was also substituted for the last note in a block rather than printing a note with a serial number consisting of eight zeros This practice is no longer in use as the highest range of serial numbers is now reserved for uncut sheets sold to collectors so regular notes intended for circulation do not reach the final serial number in the block Star notes are highly sought after by collectors and are sold for a price exceeding their face value depending on how low the serial number is 6 Pre star replacement note editBefore the asterisk or star was introduced in the United States in 1910 there was no identifier that distinguished notes that had been replaced due to printing errors and thus these replacements went largely unnoticed Beginning in 1903 the advent of the rotary press improved production by applying all eight serial numbers in a single pass unlike the prior paging machine which applied one number at a time While the rotary press improved production it was counterproductive to use to print a single replacement sheet thus the older paging machines were retained and used to make replacements Due to the distinctive font differences between these two processes replacement notes pre star can be identified based on several factors including year of printing and close examination of the printed serial number font 7 References edit U S Bureau of Engraving and Printing Serial Numbers www moneyfactory gov Retrieved 2021 07 07 Reserve Bank of India Museum www rbi org in Retrieved 2021 01 08 Star Notes The United States Treasury Bureau of Engraving and Printing Archived from the original on March 15 2015 Retrieved May 27 2010 Is My Star Note Rare www mycurrencycollection com Retrieved 2021 01 08 star note www youtube com Retrieved 2021 01 08 Hockley Max 26 February 2023 Which Star Notes are Valuable thesilverpicker com The Silverpicker Retrieved 8 November 2023 Pre Star Large Size Replacements Shawn Hewitt Retrieved 2021 12 22 Portal nbsp Numismatics Retrieved from https en wikipedia org w index php title Replacement banknote amp oldid 1219150408, wikipedia, wiki, book, books, library,
