BONDS & SHARES GRADING GUIDE

Grading is done according to International Bonds and Shares Society standards . These standards are published in their Scripophily Guide.

UNC (Uncirculated)
as if straight from the printers, without the slightest flaw; usually seen only on unissued pieces.

EF/XF (Extremely Fine)
in almost perfect condition - signs of having being handled are almost invisible.m the printers, without the slightest flaw; usually seen only on unissued pieces.

VF (Very Fine)
in very good condition, but definite signs of use - a fold, slight edge damage, light general wear, slight discoloration, but no pieces missing.

F (Fine)
considerable signs of use, pronounced folds, small pieces missing from the edge, stained, ect.

VG (Very Good)
is not very good at all. Poorer tha F, such a piece would have suffered serious damage, probably badly torn or with a large piece missing , badly stained, etc. Dealers will not normally offer material in VG grade; nor will auction houses, other than in a large lot of mostly better pieces.

G (Good or Fair)
areworse than VG and to be a avoided other than in exceptional cases.