Banknotes Grading Guide
A perfectly preserved note, never mishandled by the issuing authority, the public or a collector. Paper is clean and crispy, without discoloration. Corners are sharp and square, without any evidence of rounding, folding or bending. No light handling is present, no compromise, a perfect note. An uncirculated note will have its original, natural sheen. Some note issues are most often available with slight evidence of light counting folds. Collectors and dealers refer to such notes as AU-UNC.
A virtually perfect note, with some minor handling. May show very slight evidence of bank counting folds at a corner or one light fold through the center, but not both. An AU note can not be creased, a crease being a hard fold which has usually '' broken '' the surface of the note. Paper is clean and bright with original sheen. Corners are perfect.
EXTREMELY FINE (EF/XF):
A very attractive note, with light handling. May have a maximum of three light folds or one strong crease. Paper is clean and bright with original sheen. Corners may show only the slightest evidence of rounding. There may also be the slightest sign of wear where a fold meets the edge.
VERY FINE (VF):
An attractive note, but with more evidence of handling and wear. May have several folds both vertically and horizontally. Paper may have minimal dirt. Paper is still relatively crispy and floppy. There are no tears into the border area, although the edges do show slight wear. Corners also show wear but not full rounding.
A note which shows considerable circulation, with many folds, creases and wrinkling. Paper is not excessively dirty. Edges may show much handling, with minor tears in the border area. Tears may not extend into the design. There will be no center hole. Colours are clear but not very bright. A staple hole or two are usual wear in a Fine F note. Overall appearance is still on the desirable side.
VERY GOOD (VG):
A well used note, but still intact. Corners may have much wear and rounding, tears may extend into the design, some discoloration may be present, staining may have occurred, and a small hole may sometimes be seen at center from excessive folding. Staple holes and pinholes are usually present, and the note itself is quite limp but NO pieces of the note can be missing. A note in VG condition may still have attractive appearance.
A well worn and heavily used note. Normal damage from prolonged circulation will include strong multiple folds and creases, stains, pinholes and staple holes, dirt, discoloration, edge tears, center hole, rounded corners and an overall unattractive appearance. No large pieces of the note may be missing. Graffiti is commonly seen on notes in G condition.
A totally dirty and very used note. Larger pieces may be half torn off or missing besides the defects mentioned under the Good category. Tears will be larger, obscured portions of the note will be bigger.
A '' rag '' with severe damage because of wear, staining, pieces missing, graffiti, larger holes. May have tape holding pieces of the note together. Trimming may have taken place to remove rough edges. A Poor note is desirable only as a key issue specially when such a note is the only one available of that particular issue.