EF40??

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I was just looking at a Devils Face $100, graded as EF40.  What does the 40 stand for?

who ever graded that particular note obviously has no clue or very little (if any) knowledge whatsoever on papermoney. We do not use numbers when grading paper money. Its G, VG, F, VF, EF, AU or UNC.

EF40 is the coin numerical grading equivalent to the banknote grading of EF. Obviously whoever graded the note was more accustom to grading coins than banknotes.

The coin numerical grading scale ranges from AG (Almost Good) 1 to MS (Mint State) 70.

Hope this Helps!

- Duane

I went by charlton... but what is the difference anyway between UNC VS GEM-UNC.

Thank you all!  I'm green and (maybe) a little over my head, but appreciate the unbiased help.

I went by charlton... but what is the difference anyway between UNC VS GEM-UNC.

These two terms are widely used in the US.

GEM UNCIRCULATED: A flawless uncirculated note. It is bright, crisp, well centered, free from any traces of handling. and has no folds, creases or bent corners.

CHOICE UNCIRCULATED: An uncirculated note with brighter than normal coloration and crispness but not quite as fresh looking as a gem uncirculated note. It must have no creases or bent corners.

Source:  http://coins.about.com/library/weekly/aa112200a.htm

Thanks... actually GEM is a term used by USA dealers. But i think that it would be usefull for grading test notes in particular. In test notes it is almost impossible to find one in GEM-UNC because they all have at least one minor faint counting crease in one upper corner. But in these particular notes that have that one extremely Faint fold, they are still classed as UNC notes. But not GEM.