Currency Notes are graded based on their condition.
The grades specified by the International Bank Note Society (IBNS) are as follows
Grade
|
Description
|
|
UNC
|
Uncirculated
|
A
banknote that is bright and has no handling damage, such as folds or creases,
nor any cuts, stains, or rounded corners
|
AU
|
About
uncirculated
|
A banknote
that is still bright but has trivial handling damage, i.e. a light centre
fold (not a crease, which is a break of the fibres of the paper), without
rounded corners
|
XF or EF
|
Extremely
fine
|
a
banknote with one crease or up to three light folds. Paper still bright and
attractive, very slight wear to corners allowed
|
VF
|
Very Fine
|
Note
still attractive, but possible slight dirt or smudging, may have several
horizontal and/or vertical folds. Paper remains relatively crisp. No tears, but
slight wear to edges and corners is allowable.
|
F
|
Fine
|
Paper is
now slightly soft, considerable wear due to folds from use in circulation.
Minor tears to note, not extending into the design. Clear but not bright in
appearance. Staple holes but not holes due to folding.
|
VG
|
Very Good
|
Much
wear. Paper is limp. Tears can extend into the design. Staining possible.
Discoloration possible. Hole at center caused by folding allowable. Note
still looks presentable.
|
G
|
Good
|
Very much
wear, as VG, but more so. Graffiti on note. Small pieces of the note may be
missing
|
Fair
|
Larger
pieces of note torn off/missing, compared with G. Less of the note intact
|
|
Poor
|
Severe damage
due to wear, staining, missing pieces, graffiti and/or holes
|
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