Errors on the $5 paper note include missing print, ink transfer and registration shifts just to name a few, these are a topic for a whole other (and very long) article. This practice was discontinued in 1972.Īs with error coins, error banknotes are very popular and keenly sought.
These notes replaced a soiled or damaged note in a bundle so bank tellers could still keep track of the number of notes in a bundle. These are called star notes or star replacement notes and are very valuable in any condition. That serial number will always begin with a Z. Some paper five dollar notes will have an asterisk at the end of the serial number. Specimen $5 notes were also issued and can be identified by the printing of “specimen” on the note and are highly valuable. There are also special framed note issues, portfolios and uncut notes and sheets issued for collectors that are worth more. Groups of consecutively numbered notes are also worth a premium. These include sequences that appeal to the market such as a radar or repetitive numbers or different denomination notes with the same numbers. Regarding the serial number, some collectors keep notes with interesting serial numbers. First and last prefix are those notes issued first and last and are more collectable than the general prefix notes in the middle. Banknote values differ for each of the serial number categories, first prefix, last prefix and general prefix. The first 3 letters which are the prefix can help us determine a notes value. The serial number, of which there are two, begin with 3 letters and end with 6 numbers.
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