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Why are there so many replacement notes?

Posted: Mon Oct 16, 2017 1:56 am
by Series B notes
When you think of money, you typically assume it is of a higher quality than a 5 year old's hand-drawn map of Ireland. Why so many errors, then? What was up with quality control back then?

Re: Why are there so many replacement notes?

Posted: Mon Oct 16, 2017 9:53 am
by Mac
It is the normal amount of errors in any printing operation.
Approximately 0.5% of all bankotes on average are replacement notes. This has been determined by surveys of random populations of notes in circulation.

Re: Why are there so many replacement notes?

Posted: Fri Nov 03, 2017 10:40 pm
by ThePloughman
Current US issues still use star notes to replace errors in production.

Re: Why are there so many replacement notes?

Posted: Tue Feb 06, 2018 4:26 pm
by Vellakare
There are also countries which have a higher use of Banknotes per capita, particularly lower denomination notes. These tend to have a higher number of replacement notes, and in the likes of Indonesia, Thailand, Malaysia, Singapore, a more prevalent culture of paper currency collecting.

Re: Why are there so many replacement notes?

Posted: Tue Feb 06, 2018 7:10 pm
by Mac
I miss the Irish replacement notes.
They added variety to collecting Irish notes, especially as there might still be replacement dates which haven't yet been catalogued!