Why are there so many replacement notes?
- Series B notes
- Fine
- Posts: 68
- Joined: 13 Sep 2017 19:59
Why are there so many replacement 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?
- Mac
- Taoiseach • Admin
- Posts: 1986
- Joined: 23 Jan 2015 15:05
Re: Why are there so many replacement notes?
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.
Approximately 0.5% of all bankotes on average are replacement notes. This has been determined by surveys of random populations of notes in circulation.
- ThePloughman
- UNC
- Posts: 276
- Joined: 04 Nov 2016 16:37
Re: Why are there so many replacement notes?
Current US issues still use star notes to replace errors in production.
- Vellakare
- Fine
- Posts: 42
- Joined: 01 Jun 2015 10:59
Re: Why are there so many replacement notes?
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.
- Mac
- Taoiseach • Admin
- Posts: 1986
- Joined: 23 Jan 2015 15:05
Re: Why are there so many replacement notes?
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!
They added variety to collecting Irish notes, especially as there might still be replacement dates which haven't yet been catalogued!
- Jenny007
- Fine
- Posts: 34
- Joined: 17 Sep 2016 19:12
Re: Why are there so many replacement notes?
I believe this extends out the range for this date ?
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