Why are there so many replacement notes?

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Why are there so many replacement notes?

Post by Series B notes » 16 Oct 2017 02:56

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?

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Mac
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Re: Why are there so many replacement notes?

Post by Mac » 16 Oct 2017 10:53

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.

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ThePloughman
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Re: Why are there so many replacement notes?

Post by ThePloughman » 03 Nov 2017 22:40

Current US issues still use star notes to replace errors in production.

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Vellakare
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Re: Why are there so many replacement notes?

Post by Vellakare » 06 Feb 2018 16:26

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.

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Re: Why are there so many replacement notes?

Post by Mac » 06 Feb 2018 19:10

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!

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