Banknote Grading Guide

Grade Edges Folds Paper Color Tears Holes Integrity
UNC no counting marks no folds paper is clean with bright colors no tears no holes no pieces missing
AU light counting folds OR one light fold through center paper is clean with bright colors no tears no holes no pieces missing
EF light counting folds max. three light folds or one strong crease paper is clean with bright colors no tears no holes no pieces missing
VF corners are not fully rounded several horizontal and vertical folds paper may have min. dirt or some smudging, still crisp no tears into the border no holes no pieces missing
Fine much handling on edges many folds and creases paper is not excessively dirty, but may have some softness minor tears in the border, but out of design no center hole, but staple hole no pieces missing
VG rounded edges many folds and creases paper may be dirty, discolored or stained tears into the design center hole and staple hole no pieces missing
Good rounded edges many folds and creases very dirty, discolored and with some writing tears into the design center hole and staple hole no large pieces missing
Fair rounded edges many folds and creases very dirty, discolored, with writing and some obscured portions tears into the design center hole and staple hole piece missing
Poor rounded edges many folds and creases very dirty, discolored, with writing and obscured portions tears into the design center hole and staple hole piece missing or tape holding pieces together
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