How Banknotes are Graded?

[Bimat]

I do not collect banknotes but I'm interested in knowing how they are graded. American coin grading agencies split grades into 70 parts, do they do the same thing with banknotes? (or do they grade banknotes as well?) Any comments are welcome

Aditya

[Abhay]

Dear Aditya,

Just see this link for the answer:

http://reviews.ebay.com/How-to-Grade-Currency_W0QQugidZ10000000000050869

Abhay

[Abhay]

The Grading Scale is given here, as per Paper Money Guaranty (PMG).

http://www.pmgnotes.com/grading/grading-scale.asp

Abhay

[Bimat]

That's quite a complicated procedure Thanks for the links!

Aditya