Uncut Sheets?

If it is decided to cut a sheet, the most common approach is to leave gutters, strips and corners of at least two notes.

Sometimes, there is extra printing outside of the normal note area of asingle note, in the gutter or strip area.

The main reason for cutting a sheet is that the sum of the parts make up a greater value than for a whole uncut sheet.

I suspect that it is mainly dealers who cut up whole sheets.
A good guilotine and care is needed when cutting.

This practice also happened at times with obsolete notes, particularly remainders. Dealers found they could sell individual notes for twice the price of a full sheet. But eventually the pendulum swings back. Certain uncut sheets, once common, have now become quite scarce and command a premium over the cut remainder notes.