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Replacements Notes?

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Author Previous TopicReplies: 8 / Views: 2,074Next Topic  
Pillar of the Community
Mila_cent's Avatar
United States
1767 Posts
 Posted 07/06/2007  12:38 pm Show Profile   Bookmark this topic Add Mila_cent to your friends list Get a Link to this Message Number of Subscribers
What does it mean when a banknote is a 'replacement note'?

Example:
I'm looking at two Suriname 5 Goulden and both look exactly the same, but one is describe as a replacement note. What is the difference between the two? I don't see it.

Thanks,
mila_
Edited by Mila_cent
07/06/2007 12:44 pm
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GO's Avatar
United States
6563 Posts
 Posted 07/06/2007  12:48 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
I think it might be like the Star Note system we use. If there is an error that note is reprinted with a * next to it to indicate that it has been replaced.
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Mila_cent's Avatar
United States
1767 Posts
 Posted 07/06/2007  1:02 pm  Show Profile   Bookmark this reply Add Mila_cent to your friends list Get a Link to this Reply
Thanks GO, the notes in question says 'ZZ' replacement note for one note.
and the other is bundle of 10 notes with both the SAME price of $6.99.

Replacements-Notes???

Replacements-Notes???

mila_
Edited by Mila_cent
07/06/2007 1:06 pm
New Member
san_miguel98's Avatar
United States
31 Posts
 Posted 07/07/2007  07:11 am  Show Profile   Bookmark this reply Add san_miguel98 to your friends list Get a Link to this Reply
replacement notes are exactly what they sound like- they're replacements. :)

when banknotes are printed, they are only authorized to print a set amount of notes. if mistakes happen during printing, the faulty notes are destroyed and replacement notes are printed to fill in for what was destroyed.

in the united states, our replacements are easily identified with a star in the serial number. for the vast majority of the rest of the world, a less conspicuous method is used. here's a website listing some of the countries that use special letters to mark their replacements.

http://www.banknoteexpress.com/replacements.html
Pillar of the Community
Mila_cent's Avatar
United States
1767 Posts
 Posted 07/07/2007  9:48 pm  Show Profile   Bookmark this reply Add Mila_cent to your friends list Get a Link to this Reply
Miguel, you always amaze me on your knowledge. muchas gracias !

oh and the link is very helpful and bookmarked ! !

mila_
Valued Member
Madmartigan's Avatar
United States
264 Posts
 Posted 07/12/2007  7:12 pm  Show Profile   Bookmark this reply Add Madmartigan to your friends list Get a Link to this Reply
Those are some very nice looking notes. Wish the US used more color and such.

Thanks for that link Miguel. I'll have to check my world bank notes against that list.
Valued Member
Canada
86 Posts
 Posted 07/13/2007  09:37 am  Show Profile   Bookmark this reply Add fastback13 to your friends list Get a Link to this Reply
In Canada the replacement notes were also identified by an asterisk, however to make things more complicated, they are now recognized by serial numbers. The Bank of Canada does not tell the public which notes are replacement notes so it is up to what we call "brick searchers" to discover the note range that are used as replacements.
Since most notes go right into circulation there are very few notes that are found in an UNC or AUNC condition. Sometimes maybe only a handful of notes are found which can make them very valuable.
I personally brick search on a regular basis but it can be costly, time consuming and very, very addictive. Once you find something, your hooked. I recently found a replacement $5 note that is worth at least 300 CDN and will rise higher since only a few found so far.
If anyone wants more info on replacements (or inserts) or brick searching let me know. I would be happy to answer any questions.
FASTBACK 13
Edited by fastback13
07/13/2007 09:38 am
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san_miguel98's Avatar
United States
31 Posts
 Posted 07/13/2007  3:53 pm  Show Profile   Bookmark this reply Add san_miguel98 to your friends list Get a Link to this Reply
heheh...canada's weird. I popped my head into a canadian forum once, and everybody was talking about what they thought the replacements were for each series. time consuming for sure, but I can see how it could get addicting once you're on the right track. question though...how do you know for sure if the prefixes you think might be for replacements are the right ones? that's gotta be confusing if the bank never says anything!

also, nice username. I've got a '98 slant-eyed 14 myself. california air laws prohibit me from upgrading to an sr20det, however.
Valued Member
Canada
86 Posts
 Posted 07/13/2007  5:14 pm  Show Profile   Bookmark this reply Add fastback13 to your friends list Get a Link to this Reply
[b]"question though...how do you know for sure if the prefixes you think might be for replacements are the right ones? that's gotta be confusing if the bank never says anything!"[b]

Actually in order to confirm an insert range you need three reliable confirmations from brick searchers. The hard thing is that not all inserts will be of the same prefix as is the prefix of the brick.
The only way you can even confirm a find is that it must come from a sealed virgin brick from the Bank of Canada. If the brick is opened by the bank or counted by the bank and resealed it will not qualify as a clean brick because at that point there is no guarantee that notes have not been removed and/or replaced.
Sometimes you can find two different prefixes in a brick. Once an insert is found you have to record the specific area in the brick in which it was found and what note it replaced in that brick.
The other thing which is very very important is getting the position number on the brick and the replacement notes.
If they are the same then you are likely to have what is called a sheet replacement. If the front and back position numbers are different then you will have an SNR (or single note replacement)
The two types are extremely different in how they are put into the brick and SNR are worth much much more than sheet replacements.

Any other questions please ask. If your bored then get a brick and soon you will change your mind
FASTBACK 13
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