Error – Replacement notes

Replacement banknote

A replacement banknote is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities to know the exact number of banknotes being printed. Also, since no two serial numbers can be the same, the bill is simply reprinted with a symbol in the serial number, identifying it as a replacement for an error note. Replacement bills have different symbols to mark the error around the world, although the most popular examples are “star notes”.

As quality control finds defective notes in the printing process after the serial number has been overprinted, they are taken out with their serial number written down and replaced with another banknote printed specifically for this purpose, so that the number of banknotes being printed stays the same in each production batch. This saves time and money compared to re-printing exactly the same serial number that was used before. It is rare that the replacement banknote has the same serial number as the original faulty one. A replacement note will have its own serial numbering system that separates it from the normal numbering system.

 

Examples of marker by countries

The United States uses and Australia used (until 1972) the “*” in the serial number to mark a replacement banknote. These are known as “Star Notes”.
Argentina uses “R” in the serial number to mark replacement banknotes.
The Bahamas use “Z” in the serial number to mark replacement banknotes.
Hong Kong and Mongolia use “ZZ” in the serial number to mark replacement banknotes.
Singapore uses “Z/1” in the serial number to mark replacement banknotes.
Sri Lanka uses “Z” in the serial number to mark replacement banknotes.
Indonesia uses “X” in the serial number to mark replacement banknotes.
Zambia uses “X3” in the serial number to mark replacement polymer banknotes.
Thailand uses “5 OS” in the serial number to mark replacement polymer banknotes.

The list goes on and different countries have their own numbering or marking schemes. There is no guaranteed way to know the rarity of replacement banknotes as they are only introduced to replace broken ones. Some banknote collectors go after these rather unique banknotes as their specialty. Both paper and polymer replacement notes exist as this control mechanism

10 Rupee 20 Rupee Z $(KGrHqZ,!jYE2GsBYObjBNwH4E6DEw--_12 cac4_12
$T2eC16ZHJGwE9n)yUZE1BP+u9sUQQ!--60_57 $(KGrHqZ,!l!E-cYNe5ERBP3!-GL0wg--60_57 $(KGrHqQOKi4E3-QqhHVPBOG6Qe!DuQ--_12 4
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