Why are there so many replacement notes?

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Series B notes
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Why are there so many replacement notes?

Post 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?
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Mac
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Re: Why are there so many replacement notes?

Post 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.
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ThePloughman
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Re: Why are there so many replacement notes?

Post by ThePloughman »

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 »

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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Mac
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Re: Why are there so many replacement notes?

Post 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!
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