Grading Guide - definition of terms

The conservation is one of the determining factors for the value
or the price of a banknote.

Determining the grade of conservation is not an easy task for many collectors
(and even not for many professionals and/or dealers). And often leads to discussion.

We are internationally well known for the quality of the banknotes
we sell and for our correct grading.

In case of any doubt, we always prefer to grade a banknote
we offer for sale lower.

These are the grades/definitions we use:



UNCIRCULATED (UNC): 
A perfectly preserved note, never mishandled by the issuing authority, a bank teller, the public

or a collector. Paper is clean and firm, 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.

NOTE: Some note issues are most often available with slight evidence of very light counting folds which do not "break"
the paper. Also French-printed notes usually have a slight ripple in the paper. A banknote that has less than perfect
corners is considered nearly uncirculated. Many collectors and dealers refer to
 such notes as AU-UNC.

ABOUT UNCIRCULATED (AU):
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 not rounded.

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, or possible colour smudging. Paper itself is still relatively
crisp 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.

FINE (F): 
A note which shows considerable circulation, with many folds, creases and wrinkling. Paper is not excessively

dirty but may have some softness. 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 because of excessive folding. Colours are clear but not very
bright. A staple hole or two would not be considered unusual wear in a Fine F note. Overall appearance is still on the
desirable side.

VERY GOOD (VG): 
A well used note, abused but still intact. Corners may have much wear and rounding, tiny nicks,

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 an overall not
unattractive appearance.

GOOD (G)
A well worn and heavily used note. Normal damage from prolonged circulation will include strong multiple

folds and creases, stains, pinholes and/or 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.

FAIR (FR): 
A totally limp, dirty and very well 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.

POOR (PR): 
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 "filler" or when such a note is the only one known of that particular issue.

Plus and minus signs indicate even more accurate conservation grades.

TWBN TheWorldBanknoteShop.com

- the shop for banknote collectors -

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and correct grading.