World of Coins

Adjacent hobbies => Collecting banknotes => Indian subcontinent => Topic started by: vdhinesh79 on November 12, 2018, 10:35:52 AM

Title: 50 rupees note with star
Post by: vdhinesh79 on November 12, 2018, 10:35:52 AM
I got a 50 rupees note with serial number 9DU*405209 signed by urjit patel and the year is 2018,do people collect this type of currency note
Title: Re: 50 rupees note with star
Post by: Abhay on November 12, 2018, 11:32:03 AM
Yes. Star Series notes are also part of collection.

Basically, a star note is a replacement note. Whenever a particular note in a bundle is misprinted, torn, or any other defect, then earlier, the same serial note had to be printed again, which was a costly and tedious task.

Now whenever a particular note in a 100 piece packet is spoilt, only that particular note is replaced with another "STAR SERIAL" number note. The Band on the packet has the wordings - This packet contains non-serial star notes (or something like this - I am not sure of the exact wordings. )


Abhay
Title: Re: 50 rupees note with star
Post by: vdhinesh79 on November 12, 2018, 01:17:17 PM
Thanks for the reply
so,'''aproximately''' how many such notes are printed in a year,i am aware that it depends on various factor,so can you tell the aproximate number
Title: Re: 50 rupees note with star
Post by: Pabitra on November 13, 2018, 05:05:57 AM
Star notes are a big passion in India since lot of collectors collect errors and star notes are a type of error.

The reason for errors are poor quality of paper or poor quality of ink.
Since recent mass printing of currency notes in India saw introduction of indigenous paper as well as ink, it appears that large number of printing notes getting rejected in quality control and being replaced by star notes.

There are collectors who maintain a list of such series.

Here is one such list which may not be upto date or comprehensive

See

http://www.republiccoinsofindia.com/wp-content/pdf/star_note.pdf
Title: Re: 50 rupees note with star
Post by: vdhinesh79 on November 13, 2018, 06:01:23 AM
Thanks for the information
Title: Re: 50 rupees note with star
Post by: Abhay on November 13, 2018, 10:10:41 AM
Although Star notes are used as replacement notes, but quite often, you can find a full 100 note packet with all the star notes from S. No. XXXX01 to XXX100. So, it seems that the star notes are printed in advance, and if they are not used as replacement notes, the full packet of star notes is released for circulation.

Abhay
Title: Re: 50 rupees note with star
Post by: vdhinesh79 on November 13, 2018, 01:48:15 PM
So does anybody have 50 rupees 2018 note with number starting from 9DU*

so that we can know ,to which category this note belongs to as pointed out by abhay
Title: Re: 50 rupees note with star
Post by: vdhinesh79 on November 15, 2018, 11:57:24 AM
Can anybody tell me ,how much  i can get if i trade it with the right collector
Title: 50 rupees note with star
Post by: Bimat on November 15, 2018, 02:53:00 PM
Star series banknotes aren't as rare as you are thinking (unless they have a fancy number too!). You can easily buy one with any of the dealer. If it's used, then it's worth its face value or little above that.

I strongly believe that those bundles having consecutive star series notes are made 'on order'.

Aditya
Title: Re: 50 rupees note with star
Post by: Abhay on November 16, 2018, 10:09:30 AM
Star series banknotes aren't as rare as you are thinking (unless they have a fancy number too!). You can easily buy one with any of the dealer. If it's used, then it's worth its face value or little above that.

I strongly believe that those bundles having consecutive star series notes are made 'on order'.

Aditya

No, it's not like that, as the price for the full star bundle is quite low (almost 10% premium on the face value). I think that the star notes must be printed in advance to keep them handy for replacement. And if there are not enough error notes, the remaining star notes are issued in full bundles of 100 notes. After all, star notes are legal currency, having the same face value.

Abhay
Title: Re: 50 rupees note with star
Post by: dheer on November 16, 2018, 01:35:35 PM

I strongly believe that those bundles having consecutive star series notes are made 'on order'.

Aditya

This is incorrect. Star notes are printed in advance. These are not made to order. In currency notes, there is next to impossible to get made to order.
Title: Re: 50 rupees note with star
Post by: dheer on November 16, 2018, 01:41:23 PM
So does anybody have 50 rupees 2018 note with number starting from 9DU*

so that we can know ,to which category this note belongs to as pointed out by abhay

The price of star notes varies.

Generally around 5 lacs notes are printed in every year inset combination. In few cases around 20 to 40 lacs notes are printed, this depends on how many original non star notes are printed.

If there are less errors than anticipated, most of the star notes are then issued in bundles. This helps dealers and the price is quite low, I.e. 60 to 80 for a rs 50 note.

If the errors are more, then star notes get distributed in different bundles and dealer don't get quantity, the price goes up.
Title: 50 rupees note with star
Post by: Bimat on November 16, 2018, 03:52:48 PM
This is incorrect. Star notes are printed in advance. These are not made to order. In currency notes, there is next to impossible to get made to order.

May be my understanding is incorrect, but shouldn't the erroneous and its replacement note have the same serial number? i.e. if A123 is the erroneous note, it's replacement note is *A123, right? If so, how can one print replacement banknotes be made in advance? ???

One of my closest relative works at RBI (he worked in currency department for years) and I have been told some really interesting stories about these star series banknotes, how those notes are 'sorted' and all... Also how the other major errors are taken out of RBI, even after QC checks...

Aditya

Title: Re: 50 rupees note with star
Post by: Abhay on November 16, 2018, 04:39:56 PM
May be my understanding is incorrect, but shouldn't the erroneous and its replacement note have the same serial number? i.e. if A123 is the erroneous note, it's replacement note is *A123, right? If so, how can one print replacement banknotes be made in advance? ???

One of my closest relative works at RBI (he worked in currency department for years) and I have been told some really interesting stories about these star series banknotes, how those notes are 'sorted' and all... Also how the other major errors are taken out of RBI, even after QC checks...

Aditya


No. It  is not like that. Let's say in a bundle of 10 Rupee notes from Serial No. XXX001 to XXX100, Note Nos. XXX047 and XXX069 are spoilt, than these two notes will be removed from the bundle and will be replaced by two other notes which will be numbered randomly from the previously printed notes. So, the replacement notes could have any serial number like *YYY012 and *YYY013.

Now the next notes to go bad is say XXX289 and XXX299, than they will be replaced with *YYY014 and *YYY015.

If the replacement notes were to have the same serial number, then what was the need to introduce the star notes? You will appreciate the fact that to replace the Note Number XXX047, earlier the same serial number had to be printed again on the note, which used to take a lot of time, because the number will now be printed manually. But now, the same serial number is not required to be printed again. Instead the spoilt note is replaced with any other star note from the already printed replacement notes, thus saving a lot of energy and therefore time and money,

Abhay

Title: Re: 50 rupees note with star
Post by: dheer on November 16, 2018, 04:58:15 PM
May be my understanding is incorrect, but shouldn't the erroneous and its replacement note have the same serial number? i.e. if A123 is the erroneous note, it's replacement note is *A123, right? If so, how can one print replacement banknotes be made in advance? ???

One of my closest relative works at RBI (he worked in currency department for years) and I have been told some really interesting stories about these star series banknotes, how those notes are 'sorted' and all... Also how the other major errors are taken out of RBI, even after QC checks...

Aditya
Star notes are explained by Abhayji, it is spot on. They are replaced with next available star notes.
The bundle is marked as non sequential numbered bundle.

The RBI sorting is a different story.

Currency press print the notes. It is a multi step process. Made to order can't happen. Each bundle is quality signed by
2 individuals. These are sent to various RBI currency chest as per demand.

Now from here they are distributed to banks currency chests. Then to branch. Then to cashier.

This is a very long chain and I don't believe it can be effectively manipulated at large scale consistently. While there may be some influence by some at some times, it would be minor. The more efficient way is tapping the cashier at the counter at a lesser cost incurred by dealer.
Title: Re: 50 rupees note with star
Post by: Pabitra on November 18, 2018, 03:52:34 PM
I asked my dealer in India for list of series of 2018 star notes.
His list is enclosed.

I have no knowledge about them.