(Reference Sheet – Collector Standard)

Extremely Fair (EF)
• Moderate circulation wear, folds visible but not heavy.
• Strong colour and partial crispness remain.
• Corners slightly rounded, no major tears or stains.
• Eye-appealing, solid circulated example.

About Uncirculated (aUNC)
• One or two light handling marks or faint folds.
• Retains full crispness and colour vibrancy.
• Square corners, firm body, no wear on print.
• Top circulated grade before Uncirculated status.

Uncirculated (UNC) – Tier 1 Standard UNC
• Completely fresh, no folds or creases.
• Sharp edges, bold ink, clean paper surface.
• Minor handling or counting bend possible.

Uncirculated (UNC) – Tier 2 Choice UNC
• Strong embossing, centred margins, flawless paper.
• Brilliant colour tone, minimal contact.
• Often found in original bundle condition.

Uncirculated (UNC) – Tier 3 Gem UNC
• Exceptional note with perfect texture and corners.
• Excellent centring and alignment.
• Premium quality suited for encapsulation.

Uncirculated (UNC) – Tier 4 Superb Gem UNC
• Immaculate surface, untouched bundle freshness.
• Deep ink saturation and perfect balance.
• No handling marks, absolute visual perfection.

Uncirculated (UNC) – Tier 5 Presentation UNC
• Museum-grade paper, flawless fibres, razor corners.
• Perfect registration and centring.
• Held only for display or institutional grade sets.

Extremely Fair (EF)
• Light to moderate wear on raised design areas.
• Legends and detail remain clear.
• Some mint lustre visible in protected zones.
• Honest circulated eye appeal.

About Uncirculated (aUNC)
• Trace friction on highest points only.
• Retains strong original mint lustre.
• Fields clean with minimal marks.

Uncirculated (UNC) – Tier 1 Brilliant UNC
• Fully uncirculated with full mint bloom.
• Light bag marks acceptable.
• Sharp strike and uniform shine.

Uncirculated (UNC) – Tier 2 Choice UNC
• Excellent strike and brilliance.
• Very few marks visible without magnification.
• Natural lustre and balanced tone.

Uncirculated (UNC) – Tier 3 Gem UNC
• Superior strike and visual appeal.
• Crisp detail, bright lustre, minimal marks.
• Desirable collector grade.

Uncirculated (UNC) – Tier 4 Superb Gem UNC
• Near-perfect fields, mirror-like brilliance.
• Full strike, zero dulling or haze.
• Rarely seen, top-tier example.

Uncirculated (UNC) – Tier 5 Presentation UNC
• Absolute perfection — flawless and untouched.
• Brilliant proof-like surfaces, no contact or tone marks.
• Museum-standard specimen, elite investment grade.

LAST UPDATED: 19th December 2025