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Home > Grading Guide

Grading Guide

Grading Guide

The following terms are used in our catalogs:

« UNC » (Uncirculated)
A perfectly preserved note, never mishandled by the issuing authority, a collector or a bank teller.
Paper is clean and firm, without discoloration. Corners are sharp and square. No folds or pin-holes are present.

« AU » (About Uncirculated)
A virtually perfect note, with some minor handling.
May show very slight evidence of counting folds at a corner or one centered light fold, but not both.

« XF » (Extremely Fine)
A very attractive note, with light handling.
May have a maximum of three light folds or one strong crease and some pin-holes (2 up to 5). Paper is still clean and bright with original sheen, no tears or soils are present.

« VF » (Very Fine)
An attractive note, but with more evidence of handling and wear.
May have several folds both vertically and horizontally, and several pin-holes. Paper may have minimal dirt and small tears.

« FF » (Fine)
A note which shows considerable circulation, with many folds, creases and wrinkling.
Paper is not excessively dirty but may have some softness. Minor tears can be present in the border area but no pieces of the note are missing. Overall appearance is still on the desirable side.

« VG » (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, staining may have occurred. Staple holes and pinholes are present, and small pieces of the note can be missing.

« G » (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 and rounded corners.

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