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1945 Treasury Emergency Currency Certificate Issue. Brown paper (paper bag - note portion of bag manufacturer marking on reverse upper right).
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Grades as defined by PMG
"Uncirculated 62; 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. Uncirculated 61; The note is poorly centered 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. Uncirculated 60; 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 Unc 58; Often a note with a single fold that crosses the design. About Uncirculated 55; This grade is commonly assigned to a note that has one fold or two to three corner folds through the design. About Uncirculated 53 A note with two vertical folds or a single horizontal fold. May also have signs of handling. About Uncirculated 50 The note has two heavier folds or light horizontal and vertical folds. The handling can be significant. Choice Extremely Fine 45 A note with two to three heavy folds, one of which may be horizontal. Extremely Fine 40 There are three or more folds, one of which may be horizontal. Choice Very Fine 35 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 Fine 30 This note will be lightly circulated and may have light soiling. There will typically be seven to ten folds. Very Fine 25 A note that shows modest evidence of circulation as well as more folds and/or soiling than a note graded 30. Very Fine 20 The note is moderately circulated with numerous folds, mild soiling. There are no serious detractions but there may be minor defects. Choice Fine 15 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. Fine 12 The evidence of circulation is considerable with rounded corners, margin splits and other issues. The note must be whole with solid paper. Very Good 10 A solid, whole note with lots of circulation. The note is too limp and has a number of minor problems. Very Good 8 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. | | | |
