Millennium 0000001

Received this from a local bank back in February, Year 2000.  In the letter that accompanied this note, its says I had won the bid.  It came on 08 Feb 2000, a day before Sean’s birthday.  It was framed up and hanged on the wall at the cottage for the last 15 years.  This would form part of FETCHr’s note collection.Singapore_Millennium_Note_0000001This is the only piece of the Millennium Note with serial number 0000001
The Millennium Notes were issued in year 2000 to commemorate the millennium. It was a limited edition issue with a mintage of 5 million, with serial number ranging from 0000001 to 5000000. Notes beyond the serial number 5000000 are Replacement Notes which was inserted into any of the defective notes in the range 0000001 to 5000000.

STAR NOTE / REPLACEMENT NOTE

A star note is also a bank note that has an asterisk (*), or star, after the serial number. Many early issues carried the star in front of the serial number. These have been used by various countries around the world including Australia and the United States. In the US, the Bureau of Engraving and Printing inspects currency for printing errors prior to releasing notes into general circulation. When notes are discovered that have been printed incorrectly (such as having the serial numbers upside down, etc.) the misprinted “error notes” are replaced with star notes because no two bills within a certain series can be produced with the same serial number.[1] They are used to maintain a correct count of notes in a serial number run. By their nature, star notes are more scarce than notes with standard serial numbers and as such are widely collected by numismatists. Some of the highest prices paid for modern (post-1928) U.S. banknotes have been for star notes.

A star note was also substituted for the last note in a block rather than printing a note with a serial number consisting of eight zeros. This practice is no longer in use, as the highest range of serial numbers is now reserved for uncut sheets sold to collectors, so regular notes intended for circulation do not reach the final serial number in the block.

 

 

HouseOfTreasures 2

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