Crisp Uncirculated- A note that has no folds and has never been in circulation. Notes that are well-centered, bright, with fresh paper, may be described as choice or gem uncirculated.

Almost Uncirculated- A note with a single centerfold of several minor corner or edge folds or light handling.

Extremely Fine- 3 or 4 folds, but a note that retains most of it's original crispness.

Very Fine- A note with moderate folds but still much of the original crispness.

Fine- The last grade that a banknote retains any crispness. Moderate wear, may have light soiling, but no major defects.

Very Good- Worn, but even circulated and fully intact. May have minor defects such as soiling, pinholes, tiny edge tears, signs of previous mounting on back.

Good- Well worn, and soiled but mostly intact. May have minor missing pieces, tears, graffiti, etc.

Almost Good- Well-worn and soiled. Substantial tears and/or other defects. Up to 5-10% of note may be missing.

Fair- Well worn and soiled with substantial damage. May have large tears with up to 10-20% of the note missing.

Poor- The lowest grade. Significant damage, often with greater than 20% of the note missing.

Extremely Fine (XF)- One or two folds, or very minimal handling. A well above average example.

Very Fine (VF)- Several folds and some wear. An above average example. May have minor defects including pinholes or slight discoloration.

Fine (F)- Moderate wear. May have small tears, stains and other defects but no major damage. A collectible example but not choice.

Very Good (VG)- Some damage present. May have substantial tears, stains or small missing pieces.

Good (G)- Significant damage but not as bad as a "Fair" grade. Will have tears, stains, missing pieces, rough edges and/or other damage.