bifrost Posted June 20, 2005 Report Share Posted June 20, 2005 I have recently bought three banknotes that have been cancelled. Two of them have been cancelled by making big holes in either side of the banknote, and the last has been stamped several times with the word INUTILIZADO. Should I grade the banknotes according to the damage done during the cancellation procedure or not? Or perhaps an overall subjective grading? The grading dependend on the answer, can vary as much as G (missing parts)to VF, if one follows the IBNS grading system. Quote Link to comment Share on other sites More sharing options...
MisterMcDoo Posted June 20, 2005 Report Share Posted June 20, 2005 Cancellation pinholes, stamps, punch holes, etc. are not included in the grading system. The value is changed according to how rare the remainder or cancelled banknote is compared to issued varieties. For example this Katanga cancelled serial no repeat: http://www.banknotebank.com/coin_view_enlarge.aspx?id=895653 It's a CU banknote despite the punch hole. Quote Link to comment Share on other sites More sharing options...
bifrost Posted June 21, 2005 Author Report Share Posted June 21, 2005 Thanks for the information. It is good news, and as I hoped. Quote Link to comment Share on other sites More sharing options...
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