What do the grades mean?
UNC, AU, XF, VF and the other banknote grades explained.
We describe each item’s condition with standard grades, such as the IBNS grading for banknotes and the Sheldon scale for coins.
- GEM UNC (Gem Uncirculated): perfect in every way, bright colours and crisp paper.
- UNC (Uncirculated): no signs of handling, creases or folds.
- AU / AUNC (About Uncirculated): looks almost new, with only slight traces of handling.
- XF / EF (Extremely Fine): slight signs of use, with light folds or handling marks.
- VF (Very Fine): moderate wear but still attractive, with some folds and wrinkles.
- F (Fine): well used, with folds and wear, but no major tears or holes.
- VG (Very Good): a lot of wear, but no tears or serious damage.
- G (Good): many folds and noticeable wear, but complete.
- FR (Fair): heavy wear, many folds, tears and possibly writing or stains.
- PR (Poor): badly damaged, possibly with missing pieces, heavy creases or stains.
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