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All Forums Category: World Coins and Currency Forums Forum: World Paper Money and Banknotes

"Pinch" On An Unc Note From The Bundling, Affects Grade?

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Altaira
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 Posted 10/20/2014  10:03 pm Show Profile   Bookmark this topic Add Altaira to your friends list Get a Link to this Message Number of Subscribers
I pulled this 2-digit repeater out of a brick of new money myself so it should be uncirculated. But I noticed that there's a "pinch" on the top of the note where the brick was bundled with a strip of paper (saying denomination and amount). Would this still grade uncirculated or does it affect the grade? It's still got some nice paper waves.





ShareBear
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 Posted 10/23/2014  8:23 pm  Show Profile   Bookmark this reply Add ShareBear to your friends list Get a Link to this Reply
That "pinch" is called a cutting cup. It occurs at the point where the security strip is place. When the banknote sheet is cut sometimes the metalic strip bends.

http://allbanknotes.blogspot.ca/201...inology.html

Yes it affects the grade. Without the cutting cup the note would grade Gem UNC or Choice UNC. With the cup it grades at best a UNC. When going through bundles I don't keep these ones because there are usually better notes.
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Altaira
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 Posted 10/24/2014  10:36 pm  Show Profile   Bookmark this reply Add Altaira to your friends list Get a Link to this Reply
That's new to me. Thanks ShareBear. Too bad about it being a repeater.
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All Forums Category: World Coins and Currency Forums Forum: World Paper Money and Banknotes



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