International Bank Note Society Grading Standards -
Everyone has their own interpretation of what a certain paper money grade means. When buying from dealers,
make sure they follow strict IBNS standards. This is a simplified IBNS grading standards guide.
Uncirculated --- 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. An uncirculated note will have it's original, natural sheen.
About Uncirculated --- A virtually perfect note, with some minor handling. May show very slight
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 the note.
Paper is clean and bright with original sheen. Corners are not rounded.
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 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 --- 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 full rounding.
Fine --- A note which shows considerable circulation, with many folds, creases 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 BG 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 unattaractive 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. Larger 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 place to move rough
edges. A Poor note is desirable only as a "filler" or when such a note is the only one known of a