USA, 100 dollars, 2009-A, P535b, star note replacement

$120.00

USA, Federal Reserve, 100 dollars, 2009-A, Face: Franklin, F – Atlanta, Back: Independence Hall, P535b, star REPLACEMENT, 2 small edge cuts, aXF

1 in stock

SKU: 3181859 Category:

Description

Sometimes a sheet of notes gets messed up in the printing process. If it’s caught in inspection it is taken out and replaced with a sheet from the replacement pile.

Since the late 19th century the USA has used a star in the serial number to indicate a replacement note.

The USA got into the paper money business during the Civil War. Everyone was hoarding coins, they had to do something. Once they started they found that they kind of liked what paper money did to the economy.

Aside from China, other governments started using circulating “banknotes” starting in the 17th century AD. The practice became general in the 19th century. In the 20th century value of paper money in circulation far surpassed the value of coinage. In the 21st century paper money is fading and credit transactions are growing.

Paper money, meaning the promise of a government to pay a set amount, and the paper promise allowed to circulate at will, was probably first used in China in the 12th century AD. At that time the merchants and governments of Europe were just writing letters to each other about what they owed.