Collecting old or rare banknotes and coins is becoming popular among investors. This passion investment is often seen as a way to diversify from equities, especially in volatile times.
But do you know how to define the grade or quality of the banknotes? Here are some of the terms used:
1. Uncirculated or mint condition (UNC) — The banknote has no evidence of folds, circulation or handling. The quality is pristine, brand new and perfectly preserved.
2. Extremely fine condition (EF) — The banknote has nearly uncirculated quality, with the slightest signs of wear or light folds. Almost perfect in all other respects.
3. Very fine (VF) — A banknote with signs of wear and folds, slight wrinkles or slight traces of dirt with no tears at the edges.
4. Fine (F) — A banknote that is considerably worn out and circulated. Feels somewhat limp, with creased folds, wrinkles and dirt, and very minor tears along the edges.
5. Very good (VG) — A banknote with obvious damage and dirt. It may be heavily soiled, with edges torn. However, the overall design is still visible.
A Rare RM60 with the serial numbers MRR0060000 was sold for RM50,000 in 2018
Don't miss out on the chance!
Check out best2bid's upcoming events to place your bid online today and own rare banknotes :
1. 💵Twelfth Auction of 4th Series Malaysian Banknotes with Special Serial Numbers
Live auction (online) : Saturday, May 29th 2021 @ 10.30am
2. 💵 Banknotes & Coins Auction - Series 9/2021
Live auction (online) : Saturday, June 5th, [email protected] 11.00am