News

Latest Banknote of 2017 Nomination

Scotland's 10 Pound Note
(Royal Bank of Scotland)
SCO-10-Front

Do you know of a note issued in 2017 that should be nominated? Send your nomination to banknoteoftheyear@ibns.biz

 
IBNS Journal 56-3

is available to download. Includes articles on: Qatar Banknotes, Greek Banknotes, Test Notes and Currency Conferences, Circular Letters of Credit, Differences in Denominations

Read more...
 

IBNS Grading Standards

Article Index
IBNS Grading Standards
Grading Guide - Uncirculated
Grading Guide - About Uncirculated
Grading Guide - Extremely Fine
Grading Guide - Very Fine
Grading Guide - Fine
Grading Guide - Very Good
Grading Guide - Good
Grading Guide - Fair
Grading Guide - Poor

Grading Guide - Definition of Terms

Thank you Joel Shafer for the image scans. Joel cautions  scans can be misleading as far as accurate grading is concerned (with either over or under grading, although a scan usually inflates the grade of a note).


UNCIRCULATED (UNC): 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. (Rounded corners are often telltale sign of a cleaned or “doctored” note.) An uncirculated note will have its original natural sheen.

NOTE: 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.

Example - UNCIRCULATED note

Example - UNCIRCULATED note

Example - UNCIRCULATED note