It seems that a lot of people are throwing around the term high grade. I have seen examples of notes labeled high grade only to find flaws that would lower it down to a high VF. So what exactly is high grade? Does an older note warrant the term high grade in VF just because its older?
The term high grade is relative to comparable FR numbers. To me, a high grade would be in the top 5 to 10 percentile of a comparable FR #. For most moderns, it might be 66 or 67 and above, and for some rare, large size Nationals, it might be VF. If you're talking just numbers, then a scale that goes from one to seventy, it would be anything above 65 (GEM). If you're talking about eBay descriptions, then anything can be called high grade, and often is.
Interesting, I've always thought of high grade as AU or above since thats how coins are. Guess I have to change the way I think about certain notes when it comes to FR numbers.
Consider National Gold Bank Notes. Some notes just don't exist anymore in grades above VF. In that case, VF would be high grade for the series.
Perhaps this will be a useful demonstration of the difference between a low and high grade. This one is not a high grade... This one is a high grade... Hope this clears things up. Always happy to help.:thumb:
I don't think that clears anything up for the OP - those are coins, and this is the Paper Money forum... -Brian
I think Steve's post is very well said and best used as an overall example of the question asked.Alot of variables come into play.Its not easily described by 2 grades of notes or coins.
O, my bad. Maybe this will be more useful. Not a high grade... Is a high grade... Please just ask if you have any more questions.
I have a question...If you were to attach those shredded notes back together could you maybe compare them to another note thats in worse shape then with all the tape used to put the shredded note back together to call it a high grade vs low again? :dead-horse:
To me, "high grade" is a made up term used either by someone who has no idea about grades, or someone who does know grading but doesn't want to list an actual grade. It is a "run away" sign. Dave
