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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.