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<p>[QUOTE=&quot;scottishmoney, post: 2291041, member: 12789&quot;]I&#039;ll really try to help- pinholes or PH are pretty common especially in older notes.&nbsp; Back in the early 20th century not everybody had cash registers so notes were often put on a board with one or two nails through it.&nbsp; There are also notes that were stapled(A practice in France and India until recently in fact).&nbsp; With older notes ie before the 1920s in circulated grades they will knock the grade down by a factor of one for minor PH, more for more than one.&nbsp; Where pinholes are really a problem grading wise is with newer notes where they shouldn&#039;t be so common.</p><p><br /></p><p>Being that I collect older, larger sized denominations from France - it can be very challenging to find anything without some sort of PH present.[/QUOTE]</p><p><br /></p>

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