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<p>[QUOTE=&quot;Dave M, post: 1082148, member: 17469&quot;]I should adjust my comments, I think I wasn&#039;t completely clear. The vast majority of French notes are released from the Banque de France with no holes. Many of those, once circulated, will acquire holes because the normal practice by merchants and bankers when dealing with circulating notes was to &quot;pin&quot; a stack of them together, similar to how a bank teller today might have a rubber band around a stack of 100 notes.</p><p><br /></p><p>With *certain banknote issues*, Banque de France stapled the new notes together before distributing them to branches, and thus the UNC notes (presumably a note that might ordinarily receive this &quot;EPQ&quot; or &quot;PPQ&quot; designation from a TPG) will have holes in them. An example is the Moliere note here - it is uncirculated, but has holes and cannot be found without them.</p><p><br /></p><p><img src="http://www.frenchbanknotes.com/france/images/f-060-8-a.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Dave[/QUOTE]</p><p><br /></p>

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