We use a grading scale comparable with the PMG scale

Unc (Uncirculated | PMG 65 - 66)
There will be no fold, but the note may have one minor distractions as a result of minor handling.

Unc- (Unc minus | PMG 62 - 64)
There will be no fold, but some handling may be present

a Unc (almost Uncirculated | PMG 50 - 58)
Often a note with a single fold that crosses the design and handling

Xf (Extremely fine | PMG 40 - 45)
A note with two to three folds and handling

Vf/Xf (Very Fine to Extremely fine | PMG 30 - 35)
This note looks Extremely Fine, but it will have four to seven folds and handling

Vf (Very Fine | PMG 20 - 25)
A note with several folds and evidence of circulation
Some very small defects may be possibel. The paper may not be clean.

F/Vf (Fine to Very Fine | PMG 15)
This note may look like a Very Fine note, but upon closer examination it is found to have too many folds.
The paper can be soft. A center hole is possible or small splits.

F (Fine | PMG 12)
The evidence of circulation is considerable with rounded corners, margin splits and other issues.
Soft paper, often with centerhole.

Vg/F (Very Good to Fine | PMG 10)
The note has signs of heavy circulation. Some small pieces may be missing.
Soiling, stains and/or splits are common for this grade. The note is limp.
Often with annotations

Vg (Very good | PMG 8)
The note has signs of heavy circulation. Pieces may be missing.
Soiling, stains and/or splits are common for this grade. The note is limp.
Often with annotations