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IBNS Grading Standards

      

Grading is the most controversial component of paper money collecting. Modern day Internet trading means grades from seller is subjective and could be based on “one’s perception”. Small differences in grade can mean significant differences in value.

The process of grading is so subjective and dependant on external influences such as lighting, that even a very experienced individual may well grade the same note differently on separate occasions.

@ Ebanknoteshop – we try to adhere to IBNS Grading Standards as explained below. We are always happy to answer customer queries and process returns if you are not happy with our grading post your purchase. Please contact us on sales@ebanknoteshop.com

 

 

UNCIRCULATED (UNC)

 

A perfectly preserved note, never mishandled by the issuing authority, a bank teller, the public or a collector. The paper is clean and firm, without discoloration. Corners are sharp and square, without any evidence of rounding (rounded corners are often a telltale sign of a cleaned or "doctored" note.) An uncirculated note will have its original, natural sheen.

 

Almost UNCIRCULATED (AU-UNC)

 

Some note issues are most often available with slight evidence of counting folds (creases). Also, French-printed notes usually have a sight ripple in the paper. Many collectors and dealers often refer to such a note as AU-UNC.

 

 

ABOUT UNCIRCULATED (aUNC or AU):

A virtually perfect note, with some minor handling. May show evidence of bank counting folds at a corner or one light fold through the center, but not both. An AU note cannot be creased, a crease being a hard fold which has usually “broken” the surface of a note. Paper is clean and bright with original sheen.  Corners are not rounded.

NOTE: Europeans will refer to an About Uncirculated or AU note as “EF-UNC” or as just “EF”. The extremely fine note described below will often be referred to as “GVF” or “Good Very Fine”.

 

 

EXTREMELY FINE (EF or XF)

 

 

A very attractive note, with light handling. May have a maximum of three light folds or one strong crease. Paper is clean and bright with original sheen. Corners may show only the slightest evidence of rounding. There may also be the slightest sign of wear where a fold meets the edge.

 

 

VERY FINE (VF)

 

An attractive note, but with more evidence of handling and wear. May have a number of 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 full rounding.

 

 

VERY GOOD (VG)

 

 

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 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 (G)

 

 

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 Good condition.

 

 

FAIR

 

 

 

A totally limp, dirty and very well used note. Larger pieces may be half torn off or missing, beside the defects mentioned under the Good category. Tears will be larger, obscured portions of the note will be bigger.

 

 

POOR (PR)

 

 

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 place to remove rough edges. A Poor note is desirable only as a ”filler” or when such note is the only one known of that particular issue.

 

 

IBNS explains these grading standard with the help of some images and further details can be obtained here -  IBNS Grading Standards

  

Ebanknoteshop – Website Images

 

We at Ebanknoteshop, take special care to ensure that you can appreciate the grade of our banknotes via our scan images. We know the feeling when you buy something based on a picture and the item turns out to be a disappointment.

Here are a few things to bear in mind

  • For UNC,AU-UNC,AU condition banknotes we scan a sample note and use it for our website.
  • We cannot offer the exact same note as scan for sale for UNC,AU-UNC,AU condition banknotes.it is practically impossible when dealing with 100’s of banknotes.
  • However if value of note is more than £50 or equivalent then upon request we can offer scan/photographs of actual banknotes.
  • If we sell you the banknote that is as per scan then we reserve right to use the same image for future sales.However there will be an EBS logo on the note.
  • For all other condition banknotes we offer actual scan images/photographs.
  • Whenever possible we will offer separate scans for signature differences, major serial prefix changes, year variations etc.
  • 80% of the times we try to scan images in natural lit room using a professional scanner and 300 dpi images.
  • To differentiate edges most of our scans have a black or dark colour background.

 

 

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