Definitions:

UNCIRCULATED 全新 (UNC): A perfectly preserved note, never mishandled by the issuing authority, a bank teller, the public

or a collector. Paper is clean and firm, without discoloration. Corners are sharp and square, without any evidence of

rounding, folding or bending. No light handling is present, no compromise, a perfect note. An uncirculated note will have

its original, natural sheen.

ABOUT UNCIRCULATED 近未使用 (AU): A virtually perfect note, with some minor handling. May show very slight evidence of

bank counting folds at a corner or one light fold through the center, but not both. An AU note can not be creased, a

crease being a hard fold which has usually "broken" the surface of the note. Paper is clean and bright with original

sheen. Corners are not rounded.

EXTREMELY FINE 極美 (EF/XF): A very attractive note, with light handling. May have a maximum of three light folds or

one strong crease. Paper is clean and bright with original sheen. Corners may show only the slightest evidence of

rounding. There may also be the slightest sign of wear where a fold meets the edge.

VERY FINE 上品 (VF): An attractive note, but with more evidence of handling and wear. May have several folds both

vertically and horizontally. Paper may have minimal dirt, or possible colour smudging. Paper itself is still relatively

crisp and floppy. There are no tears into the border area, although the edges do show slight wear. Corners also show

wear but not full rounding.

FINE 中品 (F): A note which shows considerable circulation, with many folds, creases and wrinkling. Paper is not excessively

dirty but may have some softness. Edges may show much handling, with minor tears in the border area. Tears may

not extend into the design. There will be no center hole because of excessive folding. Colours are clear but not very

bright. A staple hole or two would not be considered unusual wear in a Fine F note. Overall appearance is still on the

desirable side.

VERY GOOD 下品 (VG): A well used note, abused but still intact. Corners may have much wear and rounding, tiny nicks,

tears may extend into the design, some discoloration may be present, staining may have occurred, and a small hole

may sometimes be seen at center from excessive folding. Staple holes and pinholes are usually present, and the note

itself is quite limp but NO pieces of the note can be missing. A note in VG condition may still have an overall not

unattractive appearance.

GOOD 差品 (G): A well worn and heavily used note. Normal damage from prolonged circulation will include strong multiple

folds and creases, stains, pinholes and/or staple holes, dirt, discoloration, edge tears, center hole, rounded corners

and an overall unattractive appearance. No large pieces of the note may be missing. Graffiti is commonly seen on

notes in G condition.

FAIR 劣品 (FR): A totally limp, dirty and very well used note. Larger pieces may be half torn off or missing besides the

defects mentioned under the Good category. Tears will be larger, obscured portions of the note will be bigger.

POOR 殘品 (PR): A "rag" with severe damage because of wear, staining, pieces missing, graffiti, larger holes. May have

tape holding pieces of the note together. Trimming may have taken place to remove rough edges. A Poor note is

desirable only as a "filler" or when such a note is the only one known of that particular issue.

Note: Cleaning, washing, or pressing a note will reduce it at least one full grade

PMG PAPER MONEY GRADING SCALE

http://www.pmgnotes.com/grading/grading-scale.asp