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How To Grade Paper Money?

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coincollect1's Avatar
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 Posted 01/02/2012  12:53 pm Show Profile   Bookmark this topic Add coincollect1 to your friends list Get a Link to this Message Number of Subscribers
does anybody know what the grades are for paper money? like coins are F. VF, EF etc. And maybe show some examples of grades on paper money... And how do you grade paper money? by how many folds it has?
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coincollect1's Avatar
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 Posted 01/02/2012  3:21 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
anybody?
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Apollo's Avatar
Canada
1610 Posts
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 01/02/2012  3:35 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
Paper Money has a similar grading scale as coins.

P - Poor (Not often used)
G - Good
VG - Very Good
F - Fine
VF - Very Fine
EF - Extremely Fine
AU - Almost Uncirculated
Unc - Uncirculated
C.Unc - Choice Uncirculated
G.Unc - Gem Uncirculated

When grading banknotes, generally no numbers are used in the grade (Some TPG's will add a number after the grade).

There are a lot of factors that come into play when grading paper money, this could be:

Number of folds
Sharp Corners or Rounded Corners
Rips or Tears
Pinholes
Stains or Smudges
Trimmed
Pressed or Cleaned

I suggest that you pick up the Charlton Catalogue for Canadian Paper Money, it has an entire section on grading banknotes in the beginning.

You can check out the BCS website (Canada's Banknote TPG) and read the grading standards that they use. You will see a section "Grading Standards at the top of the page.

http://www.banknotecertification.com/index.php
Edited by Canadian-Banknotes
01/02/2012 3:37 pm
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coincollect1's Avatar
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 Posted 01/02/2012  4:44 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
what do you think this would grade at... It was my first purchase

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How-To-Grade-Paper-Money?
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coincollect1's Avatar
Canada
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 Posted 01/02/2012  4:45 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
and thanks for the information, 10xloupe the site helped and canadian banknote, the site helped to and thanks for the info
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Apollo's Avatar
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 Posted 01/02/2012  4:52 pm  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply
I would say because of the light centerfold and the one near Beattie's signature, it would be an EF40 IMO.
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coincollect1's Avatar
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 Posted 01/02/2012  4:55 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
this is a $12 note?
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Canadian-Banknotes's Avatar
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 Posted 01/02/2012  4:58 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
The note is in VF condition.
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Canadian-Banknotes's Avatar
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 Posted 01/02/2012  4:59 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
this is a $12 note?


This note has a book value of $10 in VF and $14 in EF.
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coincollect1's Avatar
Canada
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 Posted 01/02/2012  6:09 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
thanks, canadian bank notes
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trout1105's Avatar
Australia
7096 Posts
 Posted 01/02/2012  8:54 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Hers a few pic's
starting from the top is Unc and the bottom is a rag
unc = perfect
Aunc = tiny teller flick
Ef = couple of creases
VF = few small creases but otherwise nice note
F = no tears or damage
rag = see for yourself

How-To-Grade-Paper-Money?

How-To-Grade-Paper-Money?

How-To-Grade-Paper-Money?

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dodola's Avatar
Canada
227 Posts
 Posted 01/02/2012  10:06 pm  Show Profile   Bookmark this reply Add dodola to your friends list Get a Link to this Reply

Quote:
You can check out the BCS website (Canada's Banknote TPG) and read the grading standards that they use. You will see a section "Grading Standards at the top of the page.

http://www.banknotecertification.com/index.php


Hi Canadian-Banknotes,

Is BCS the only grading company for Canadian Bank Notes in Canada? Thanks.
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Ugly's Avatar
Canada
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 Posted 01/02/2012  10:21 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
CCCS also grades banknotes, but I'm not sure how much of a player they are considered to be.

http://www.canadiancoincertificatio...php?c=5&lg=1
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 01/02/2012  10:27 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
Hi Canadian-Banknotes,

Is BCS the only grading company for Canadian Bank Notes in Canada? Thanks.


BCS is not the only grading company for Canadian Banknotes, like Ugly said CCCS is also a Canadian TPG. However, BCS is the "go to" TPG for Canadian Banknotes.

Other companies, such as PCGS and PMG will also grade Canadian Banknotes, but they are American companies and use different grading standards. I know many collectors of Canadian notes who will not touch a note graded by PMG, because they tend to be a bit more generous in there grades.
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