Saturday, April 11, 2015

102. Philippine REPLACEMENT Banknote or STARNOTE


Unlike coins each banknote is unique as it has its very own serial number that can never be repeated.  If banknote is damaged during the printing process it needs to be replaced.  Since the printing process has become very efficient only a very small number of banknotes require replacement, making replacement banknotes rare. 

Replacement banknote is printed as a separate printing run to replace banknotes damaged during the printing process.  They are printed consecutively in a very small printing run usually with star like symbol prefix in front of the serial numbers.  The replacement banknotes are inserted into the paper money bundle replacing the damaged and discarded banknote.

Banks do this to avoid reprinting banknotes with the same serial number and to ensure the number of banknotes printed remain the same throughout the printing process. Since banknotes should have unique serial numbers, replacement notes have their own unique serial numbers.

Some countries have different standards in marking replacement notes. The most popular method is to use a star either before or after the serial number. Notes with this symbol are usually called “star notes”. Earlier Philippine banknotes used the star symbol but in the 1960’s it was changed to an asterisk symbol. 

These replacement notes sell for a higher premium than the face value. Banks usually reserve some star notes for local coin dealers and people who know the rarity of these banknotes usually keep them.

10 Pesos, 1933 Bank of the Philippine Islands Note

10 Pesos, 1921 Philippine National Bank

1 Peso, 1936 Treasury Certificate


2 Pesos, 1944 Treasury Certificate VICTORY Note


20 Pesos, 1944 Treasury Certificate VICTORY Note

10 centavos fractional note,  English Series

20 centavos fractional note,  English Series


10 Pesos, English Series
 
1 Peso, Pilipino Series

RARE Solid Number and Replacement Banknote.  2 Pesos, Ang Bagong Lipunan Series

There is a higher demand for overprint on replacement banknote. 10 Pesos, New Series

 
500 Pesos, New Series

 
20 Pesos, New Generation Series

 For more inquiry email me at lumang.gamit@yahoo.com

 
Sources:  Barya at Perang Papel blog

Friday, April 10, 2015

101. Philippine FANCY and SOLID SERIAL NUMBERS on Banknotes

There are a lot of ways to collect Philippine banknotes.  Commonly we collect notes by era from the Spanish notes which are rare, US Administration, WWII, Guerrilla / Emergency notes, English Series, Pilipino Series, Ang Bagong Lipunan Series, New Series  up to the New Generation series. Another popular way to collect banknotes is by their serial numbers, which is known as “Fancy numbers or Solid numbers”

There are many ways to collect the serial numbers on paper money.  Keep in mind that what is considered desirable to one collector may not be for another. The condition of the note is important as well, because the less circulated the note appears, the greater its value will be.

For illustration purposes below, only the enlarged serial number portion of the bill will be shown. The serial number occurs twice on the front of every bill and is printed black, red or blue (scarce color)

SOLID NUMBERS

Where all the numbers are the same, for example 888888;

'
SOLID "9"
 
SOLID  NUMBERS SET including the 1 Million Note

 

SEMI SOLID

 Where all the numbers are the same, for example 088888;



RADAR


Where the numbers read the same both forwards and backwards, for example 018810;


NUMBER ONE

Serial number that starts with 000001


LOW NUMBERS

Low serial number, for example 000007 or 000028.


ONE MILLION

Literally 1000000. The “one million” used to be the last number of each prefix. 



LADDER

The numbers in “ladders” go up, such as 123456; while “reverse ladders” just go in the opposite direction, or 654321.

Regular Ladder

Reverse Ladder


REPEATER

Repeating serial number, for example 141414.



 

DOUBLES

Doubles occur when "pairs" of numbers occur within the serial number




TRIPLES

Triple number occurs 2 times within the serial number.





Sources:
1. Fancy Bank Notes: 10 Most Common Categories by keystonepuzzles
2.  An Introduction to Singapore Fancy Number Banknotes