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Wavy Banknote From Macau

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Author Previous TopicReplies: 7 / Views: 627Next Topic  
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CollegeBarbers's Avatar
United States
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 Posted 11/28/2025  7:53 pm Show Profile   Bookmark this topic Add CollegeBarbers to your friends list Get a Link to this Message Number of Subscribers
I purchased this 2003 Macau 10 Patacas (P-102) from a highly reputable ebay seller. Unlike all the other banknotes I've purchased from him, the paper of those note has a waviness to it, especially pronounced around the metallic security threads. The note is crisp with no signs of folding or pressing. The corners are sharp. I don't see any signs of handling, but I am still learning. Would this be considered uncirculated?
Wavy-Banknote-From-Macau
Wavy-Banknote-From-Macau
Wavy-Banknote-From-Macau
Wavy-Banknote-From-Macau
Wavy-Banknote-From-Macau
Edited by CollegeBarbers
11/28/2025 8:05 pm
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jbuck's Avatar
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187555 Posts
 Posted 11/30/2025  3:06 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I am not sure how it affects grade, but a very nice looking note.
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walk2dwater's Avatar
Canada
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 Posted 12/01/2025  09:29 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
It's a great question!

If it has not been circulated then it is uncirculated. However, there are varying degrees of perfection so there are varying degrees of the UNC grade. Usually dealer/collector handling are what knock a note down from UNC 70 to UNC 63 (or less) but production flaws (poor centred designs) also play a role.

It is always a challenge to assess a note's condition (or grade) from photos (& even more so from scans). Your angle shots of your 10 Patacas help but side lighting can also really highlight minor impairments. Just from eye-balling it, I would venture to guess either UNC 63 or UNC 65 EPQ. Your note's design is slightly askew so that's why I would not assign it a 64 or 66. In Canada it may well get a 60 "Original" depending on how much it has been handled (or what production flaws discovered). Many international collectors grade a little stricter than US. The EPQ stands for Exceptional Paper Quality (never altered) & is also an important attribute most collectors also seek.

For me, grading is an action that a collector must perform on his/her notes (or on banknote withdrawals) & practice doing (over & over) in order to pick up the skill. I have been collecting paper since 12 (over 5 decades) & thought I could grade about 20 years ago but really did not have a clue. That changed after I took a workshop & became committed to learn hands on. It's one thing to eyeball and wonder but it's another thing to actually do it & consider why you have assigned "such a such" grade.

Here's a thread that discusses the topic further. I highly recommend you (or any collector) review the videos as they're well done (& what you don't know can hurt you in this hobby):
https://goccf.com/t/482766
Edited by walk2dwater
12/01/2025 09:32 am
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jbuck's Avatar
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CollegeBarbers's Avatar
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 Posted 12/03/2025  12:47 pm  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
Fantastic information and resources, thank you walk2dwater! Grading is definitely a lifelong skill. From further research, it seems to me that banknotes with heavy security threads can develop these dimples in the paper. I wonder if it's because of an interaction between the metal and paper. I'm sure environmental factors play a role too.
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Canada
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 Posted 12/04/2025  08:44 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
I wonder if it's because of an interaction between the metal and paper. I'm sure environmental factors play a role too.


-Yes, it is from the stacks of sheets being guillotined (cut by industrial cutters). The security threads usually offer minor resistance and that causes what some collectors/dealers call a cutting cup at the edges of the note.

Banknote paper substrate (a blend of cotton & paper) has been processed with colour and often a watermark in a blank region (often referred to as a "window" with no printing) so the paper is not normally perfectly flat (but may have wavy regions, wrinkles & often dimples). Awful sheets will likely be pulled out in QC but there will be the odd so-so sheet that will pass & the designs printed on them.

Once the sheets have been guillotined, the bricks (1000 notes) usually are moved along conveyer belts and bumped around, then handled more roughly as they leave the printing facility. Usually the outside notes get the worst handling.

I found it really tough to find UNC polymer banknotes here in Canada without scratches on the holographic (see-through) windows. These were notes that did not go through an ATM/cash machine (as you'd expect scratches from these from time to time) but were pulled from bundles (stacks) & bricks. Many of us Canadian collectors have found polymer to be less resilient than paper!

There are many terms to collecting banknotes so I created a page on my Notaphilyc Culture hobby site called Notable Terms:
https://sites.google.com/view/notap...otable-terms
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CollegeBarbers's Avatar
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2606 Posts
 Posted 12/07/2025  08:14 am  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
Interesting, that makes sense. Thank you for the detailed info! I enjoy reading through your website, it's a very informative and enjoyable resource!
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walk2dwater's Avatar
Canada
2571 Posts
 Posted 12/08/2025  07:43 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
I enjoy reading through your website, it's a very informative and enjoyable resource!


Thank you for taking the time to check it out! Your positive feedback (& the fact that I cannot keep buying banknotes) is what keeps me plugging away at it!

Appreciate it!
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