A Guide to Grading Australian Banknotes

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This guide has been uploaded to help provide online buyers & sellers with a tool to better help with grading Australian Banknotes whether it be Decimal or Pre-Decimal, the grading system will always be the same.

This is the most accurate method in which to grade Australia Decimal & Pre-Decimal banknotes.

There are five characteristics are examined to accurately determine the state of preservation of a banknote; these characteristics are: the state of cleanliness, the severity of folding, & the state of the surface, the state of the edges and the severity & number of any punctures or pinholes on the note.

A points system is used where each characteristic is scored a maximum out of 20 - the maximum score for an absolutely pristine note being 100.

GRADING POINTS are as follows:
100 points: Uncirculated (UNC)
90 points: Extremely Fine (EF)
75 points: Very Fine (VF)
55 points: Fine (F)
30 points: Very Good (VG)
20 points: Good (G)

The following table describes scoring process used for each characteristic:

CLEANLINESS
20 points: As printed - clean and bright
15 points: Slight soiling - just noticeable
10 points: Considerable soiling and/or banker's marks
0 points: Very dirty, legibility is reduced

FOLDING
20 points: As printed - flat and unfolded
15 points: One or two folds leaving a very faint crease
10 points: Several prominent folds
0 points: Many folds and heavy creasing

SURFACE
20 points: As printed - crisp with no damage
15 points: Slight, just detectable abrasions or damage
10 points: Readily detectible damage in several places
0 points: Extensive damage

EDGES AS PRINTED
20 points: Perfectly straight and even
15 points: Slightly rough or with very minor indentations
10 points: Considerable indentation and/or with tears in the margins
0 points: Badly damaged edges &/or tears extending into the design  

PUNCTURES
20 points: As printed - no holes
15 points: One or two pin holes only
10 points: Several pin holes or a slightly larger puncture
0 points: Several larger holes

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