Grading of World Paper Money

Grading a banknote is just as difficult as for grading a coin. Here are several considerations to be taken, and it is very important that you know most of these before making you grading. It is not enough just to say "the note looks nice an have never been in use".

 

 

UNC
AU
EF
VF
F
VG
G
Fair
Poor
Uncirculated
About Uncirculated
Extremely Fine
Very Fine
Fine
Very Good
Good
Fair
Poor

Edges

no counting marks
light counting folds OR...
light counting folds
corners are not fully rounded
much handling on edges
rounded edges

Folds

no folds
...OR one light fold through center
max. three light folds or one strong crease
several horizontal and vertical folds
many folds and creases

Paper

color

paper is clean with bright colors
paper may have minimal dirt or some color smudging, but still crisp
paper is not excessively dirty, but may have some softness
paper may be dirty, discolored or stained
very dirty, discolored and with some writing
very dirty, discolorated, with writing and some obscured portions
very dirty, discolored, with writing and obscured portions

Tears

no tears
no tears into the border
minor tears in the border, but out of design
tears into the design

Holes

no holes
no center hole, but staple hole usual
center hole and staple hole

Integrity

no pieces missing
no large pieces missing
piece missing
piece missing or tape holding pieces together

Standard International Grading Terminology & Abbreviations

Country / Grade Uncirculated Extremely Fine Very Fine Fine Very Good Good Poor
USA & English UNC EF or XF VF F VG G PR
Brazil (1) FE (3) S (5) MBC (7) BC (8) (9) R UTGeG
China - - - - - - -
Czechia - - - - - - -
Denmark 0 01 1+ 1 1- 2 3
Finland 0 01 1+ 1 1- 2 3
France NEUF SUP TTB TB B TBC BC
Germany I (BFR) II (VZGL) III (SS) IV (S) V (SG) VI (G) VII (GS)
Italy FdS SPL BB MB B M -
Japan Mishiyo Goku Bihin Bihin Futsuhin n/a n/a n/a
Lithuania (0) NP (1) YP (2) LP (3) P (4) LG (5) G (6) M
Netherlands FDC / UNC PR ZF F ZG G -
Norway 0 01 1+ 1 1- 2 3
Poland - - - - - - -
Portugal Novo Soberbo Muito Bo - - - -
Romania NC - FF F FBC BC M
Russia - - - - - - -
Spain - España Lujo SC, IC or EBC MBC BC - RC MC
Sweden 0 01 1+ 1 1- 2 -