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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 ...
Replacement banknote A note printed with a special symbol before the serial number, or with a special serial number prefix, used to replace notes damaged during the manufacturing process. US replacement notes are called Star Notes because a five pointed star is positioned at the beginning or end of the serial number.
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 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.
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 ...
£50 note: £50: in circulation Also known as a "bullseye". £100 note: £100: in circulation Issued by Scottish and Northern-Irish banks only. £1,000,000 note: £1,000,000: non-circulating Also known as a "Giant". Used as backing for banknotes issued by Scottish and Northern Irish banks when exceeding the value of their 1845 reserves.
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This was the last series to feature a $1 banknote, with the banknote replaced by a dollar coin – known as a loonie for its design of a loon on the obverse – in 1987; printing of the $1 banknote ceased in 1989. However, there was a 21-month period where both the $1 bill and coin were produced concurrently, from June 1987 to April 1989.