Example of an EF - Extra Fine Note

In short, an extra fine note is a new note, which has been lightly circulated and has maximum 3 light folds, or 1 strong crease. The note should look like new except for the folds.

In this example I shall be using the 1953 Queen Elizabeth II 10 Dollars Banknote. From the front view, we can see that the note is relatively new and with not many flaws. The corners are sharp and colours are strong. The tell tale signs for folds generally shows on the reverse. On the reverse, we can see one strong crease in the middle of the note. Other than the crease, the note is almost new. Therefore I would grade it as an Extra-Fine (EF) note.