  The large increase in voltage noise, commonly observed in the vicinity of the
peak-effect in superconductors, is ascribed to a novel noise mechanism. A
strongly pinned metastable disordered vortex phase, which is randomly generated
at the edges and annealed into ordered phase in the bulk, causes large
fluctuations in the integrated critical current of the sample. The excess noise
due to this dynamic admixture of two distinct phases is found to display
pronounced reentrant behavior. In the Corbino geometry the injection of the
metastable phase is prevented and, accordingly, the excess noise disappears
