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The asterisk, or "star" following the serial number indicates this is a replacement note for one that was misprinted or damaged in the printing process. A replacement banknote , commonly referred to as a star note , is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities ...
Older Canadian replacement notes are known as asterisk notes because an asterisk preceded the serial number. Modern Canadian replacement notes use a special serial number prefix. Italy reserved the letter X as the first letter of the serial number in replacement notes before adopting the euro. Other countries may use different methods. Reverse
Banknotes in perfect condition (without any damage), that usually haven't circulated are rated as uncirculated (UNC) and that is the highest classification for a value that a banknote can have. In addition to that, the value for a specific note in the world paper money catalog is listed for UNC condition.
Numismatics (ancient Greek: νομισματική, meaning "monetary") is the scientific study of money and its history in all its varied forms. While numismatists are often characterized as studying coins , the discipline also includes the study of other types of money, such as banknotes , stock certificates, medals , medallions, and tokens ...
Banknotes have a natural advantage over coins in that they are lighter to carry; but they are also less durable than coins. Banknotes issued by commercial banks had counterparty risk, meaning that the bank may not be able to make payment when the note was presented. Notes issued by central banks had a theoretical risk when they were backed by ...
The asterisk evolved in shape over time, but its meaning as a symbol used to correct defects remained. In the Middle Ages, the asterisk was used to emphasize a particular part of text, often linking those parts of the text to a marginal comment. [7] However, an asterisk was not always used.
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Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...