Cowell coins

£1 BANK NOTE FORDE U01E 353283 BE76F

 VF

70 Gem Unc70  EPQ

 

The highest grade assigned. Notes must have no evidence of handling visible at 5x magnification. The margins and registration must appear centered to the unaided eye. Notes must qualify for the PMG Star () Designation to be graded 70.

Superb Gem Unc69 EPQ

 

This note is nearly visually indistinguishable from a 70 but the margins and registration may appear slightly off center. There is no evidence of handling visible to the unaided eye.

Superb Gem Unc68 EPQ

 

The margins and registration are slightly off center. There may be very minor handling.

Superb Gem Unc67 EPQ

 

A note with above-average margins and registration. There may be minor handling.

Gem Uncirculated66 EPQ

 

There may be slightly more handling than a 67 EPQ note. The centering must be above average.

Gem Uncirculated65 EPQ

 

The note may have one or two minor distractions as a result of minor handling. The centering must be above average.

 

Choice Uncirculated64

 

The centring is off on one or two sides. Some handling may be evident but there must be no folds in the design.

Choice Uncirculated63

 

The centring is imperfect, and the design may be flat. There may be several flaws but there will be no folds.

Uncirculated62

 

The note is strictly uncirculated but may have minor-to-moderate handling and/or corner tip issues. There will be no folds, however. The margins may touch or come into the design.

Uncirculated61

 

The note is poorly centred, and the margins come into the design. There may be counting marks, smudges, or other signs of handling. There will be no folds through the design.

Uncirculated60

 

A note with problems that may include toned paper, a small stain or fading. There will be handling issues but there will be no folds through the design.

Choice About Unc58

 

Often a note with a single fold that crosses the design.

About Uncirculated55

 

This grade is commonly assigned to a note that has one fold or two to three corner folds through the design.

About Uncirculated53

 

A note with two vertical folds or a single horizontal fold. May also have signs of handling.

About Uncirculated50

 

The note has two heavier folds or light horizontal and vertical folds. The handling can be significant.

Choice Extremely Fine45

 

A note with two to three heavy folds, one of which may be horizontal.

Extremely Fine40

 

There are three or more folds, one of which may be horizontal.

Choice Very Fine35

 

For years dealers and collectors called this grade “VF-XF.” This note looks Extremely Fine, but it will have four to seven light folds.

Very Fine30

 

This note will be lightly circulated and may have light soiling. There will typically be seven to ten folds.

Very Fine25

 

A note that shows modest evidence of circulation as well as more folds and/or soiling than a note graded 30.

Very Fine20

 

The note is moderately circulated with numerous folds, mild soiling. There are no serious detractions but there may be minor defects.

Choice Fine15

 

This note may look like a Very Fine note, but upon closer examination it is found to have too many folds or too much circulation to warrant a Very Fine grade.

Fine12

 

The evidence of circulation is considerable with rounded corners, margin splits and other issues. The note must be whole with solid paper.

Very Good10

 

A solid, whole note with lots of circulation. The note is too limp and has a number of minor problems.

Very Good8

 

The note is heavily circulated but is intact. Some small pieces may be missing. Soiling, light stains or splits are common for this grade. The note is limp.

Good6

 

The note is very worn with serious splits, fraying of the margins and damage.

Good4

 

A very heavily circulated note with numerous problems. It is totally limp with impaired visual appeal. Notes in this grade are commonly seen with pieces missing.



Grades under 4 Good are generally not collectible unless the note is rare. Most notes at these grade levels are “Net” graded due to major problems.

 

 

 

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