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<p>[QUOTE=&quot;lettow, post: 565985, member: 6986&quot;]When you look at the grading standards you will see that folds come within the definition of certain grades.&nbsp; This does not mean that all notes with that grade will have folds.&nbsp; A new crisp note with three vertical folds and a horizontal fold may grade VF or EF because of the folds.&nbsp; At the same time, a note without folds may grade in that same range because it has more wear, dirt, etc.&nbsp; If choosing between these notes, it is a matter of individual taste as to whether you want the cleaner note with the folds or the dirtier note without folds.</p><p><br /></p><p>Because folds are part of the definition of certain grade ranges, the TPGs do not identify on the label that the note has folds.&nbsp; The same is true in the lower grades (Fine and below, I believe) for pinholes.&nbsp; They will not mention these defects because the standards say these defects are acceptable in these grades.&nbsp; This is one of the problems of buying lower grade TPG notes based on a scan.&nbsp; If the pinholes or folds are not readily apparent in the scan, you will be disappointed when you see the note in person when you can make out the constellation of Ursa Major in pinholes.[/QUOTE]</p><p><br /></p>

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