An uncirculated bank note must be as found in a bundle or section of a bundle direct from Note Printing Australia (N.P.A.),Or other issuing authorities.This note must have sharp corners & unbrocken sheen (colour),be free of teller flicks or folds of any kind.Must sit flat & crisp or crisp flat uncirculated as refered to by most dealers(CFU).However with modern (Gaurdian) Polymer bank notes,this is hard to achive due to the strapping down of bundles into blocks,some if not most polymer bank notes will show a slight rippling along edges,sometimes not evident to the naked eye.
Same as above,but this grade allows for one centre fold or one teller flick,(if the note is held up to light on an angle you will be able to see any detracting marks easier,however small they may be.
To maintain this grade a note must be crisp & clean with stong corners,this note must not exceed a maximum of three light folds,this note may have been subjected to very light circulation.
This note may show signs of definite circulation,however the paper should still show a strong sheen & crispness,the note should not be limp,it will show numerous light folds & may also have up to one or two heavy folds & be free of soiling
This note is a well circulated note showing numerous creases & some small tears,much of the sheen (colour)& brightness have gone,some soiling may be evident.Overall the note must still appear to be collectable
This note will display major signs of circulating,it would be at the end of its circulating life.this note may display staining,tears,pinholes,soiling & discolouration.Unless it is a rare note,probably not worth collecting.