IBNS Grading Standards

FINE (F): 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 folding. Colors are clear but not bright. A staple hole or two would not be considered unusual wear in a Fine note. Overall appearance is still on the desirable side.

Example - FINE - Note is somewhat limp and has horizontal and vertical folds.