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Grading Guide Definitions of Terms

UNCIRCULATED or 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. (Rounded corners are often a tell-tale of a cleaned or "doctored" note.

EXTREMELY FINE: A very attractive note, with light handling. May have a maximum of three light folds or one strong crease.

Paper is clean and firm, without discoloration. Corners are sharp and square without any evidence of rounding. (Rounded corners are often a tell-tale of a cleaned or "doctored" note.

VERY FINE: 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 color smudging. Paper itself is still relatively crisp and not floppy.

There are no tears into the border area, although the edges do show slight wear. Corners also show wear but not rounding.

FINE: A note that shows considerable circulation, with many folds 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.

Colors are clear but not very bright. A staple hole or two would not be considered unusual wear in a Fine note. Overall appearance is still on the desirable side.

VERY GOOD: 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 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: 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: A totally limp, dirty and very well used note. Large 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: 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 places to remove rough edges. A Poor note is desirable only as “filler” or when such a note is the only one known of that particular issue.


email: sandman@sandmanspapermoney

Last update: September 16, 2012