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Grading banknotes accurately is more than discerning how damaged a note seems.  There is a basic level of understanding needed- an integral part of which is being able to recognise specific features of an original banknote. If you cannot identify these basic features- you won’t be able to draw any significant conclusions as to a note’s...

Accompanying this article is an illustration of an unissued banknote, prepared for the Sydney Banking Company of Sydney. Of the banknotes prepared for issue by the Australian Banking Company, but never placed into circulation, this banknote is one of two types known to exist [i] . The Australian Banking Company failed in dramatic...