The prefix is the first 2-3 letters of the serial number that indicates where in the print run the notes were printed. First, and particularly last prefix banknotes, in mint condition are highly sought after and will make a wonderful addition to any collection. First Prefix AAA $1. Last Prefix DSP $1.. S--S, T--D, etc, were used. The top left corner note of the first normal sheet would be numbered eg., BC42 000001, the second note would be BC43 000001, etc., the sheet below would be numbered: BC42 000002, the second note being BC43 000002, so when a stack of 100 sheets is guillotined, each bundle of 100 notes is numbered down the bundle 1 to 100.

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The serial number is the six numbers that follow the cypher refers to the sheet that the note is printed on. For example, there are 60 polymer £5 banknotes on each sheet and the first run had the.. The serial number is the six numbers that follow the cypher (eg 123456) and relates to the number of the sheet the note is printed on. Take, for example, the polymer £5 banknote. As there are 60 banknotes on each sheet of notes printed, the first run was printed on a sheet with cyphers going from AA01 to AA60.