Replacement currency notes are printed as replacements
for any error notes that were discovered in the quality control phases of the
currency printing process. Thus, the exact number of printed notes produced
remains the same[important so that governments keep an exact count of published
currency items].
Because serial numbers on each currency note are unique, the replacement note is produced with a symbol in the serial number, identifying it as a replacement for a faulty/error note.
Different nations have different designations for these replacement currency items; the most widely used (e.g. US) is the “*”.
These * notes are fondly known as STAR notes.
In Canada (see picture above) early replacement notes were identified with an “*” but later were marked with an “X” as the 3rd prefix letter.
We believe that the reason for changing from the * was pragmatic. As folks noticed the unusual * on their notes, they "saved" these notes; thus, removing them from circulation. Hence, Canadian replacement notes with "X" are considered more rare and more collectible.
Because serial numbers on each currency note are unique, the replacement note is produced with a symbol in the serial number, identifying it as a replacement for a faulty/error note.
Different nations have different designations for these replacement currency items; the most widely used (e.g. US) is the “*”.
These * notes are fondly known as STAR notes.
In Canada (see picture above) early replacement notes were identified with an “*” but later were marked with an “X” as the 3rd prefix letter.
We believe that the reason for changing from the * was pragmatic. As folks noticed the unusual * on their notes, they "saved" these notes; thus, removing them from circulation. Hence, Canadian replacement notes with "X" are considered more rare and more collectible.
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