EXPLANATION

This banknote valuation tool, developed by international papermoney dealer A. Ackroyd, solves a problem that has always perplexed banknote collectors and dealers…

Banknote price-guides, such as the Standard Catalog of World Paper Money usually give only two or three values for each banknote - corresponding to very basic grades of condition, such as VG (very good), VF (very fine) and UNC (uncirculated). Typically, however, the condition of any banknote you wish to appraise will not equate to any of these grades, but lies somewhere between them.

BANKNOTE VALUATIONS IN AN INSTANT

This system eliminates the guesswork and instantly calculates the value of your banknote if it is not quite in the same condition as the ones given in your value-guide. The system simply requires you to enter the values relating to the basic grades, as given in your catalog or price-guide. Then when you click a button, it instantly calculates the values of the numerous additional grades. It is powered by a sophisticated formula, developed after much research, and experimentation. Of course, the accuracy of the ACKROYD NOTEVAL SYSTEM depends entirely on the accuracy of the values you feed it with. (Garbage in, garbage out, etc.)

WHY THIS VALUATION TOOL CAN SAVE YOU TIME AND MONEY

The importance of an accurate system like this, is that a slight difference in grade of condition can mean a BIG difference in value. For example, a note in almost uncirculated condition can be worth more than 20% less than it would be in uncirculated condition. That is $10 less, in the case of a note worth $50 when uncirculated, or $50 less, in the case of a note worth $250 when uncirculated. Therefore, it makes sense to eliminate guesswork, when it comes to appraising banknotes. If you are serious about your banknote values, this system will prove an invaluable resource. It will give you a powerful edge over other collectors and dealers, and can save you much time and money in the long term.

About Banknote Grades and Values

A slight difference in the grade (or condition) of a note can sometimes mean a big difference in the value. Therefore, it is important to ensure that your supplier is grading his notes accurately according to strict standards. The correct definition of each grade can be found in the first few pages of each volume of the Standard Catalog of World Paper Money, also known as the "Pick" catalogue, after its original compiler.

The standard grades are as follows: Poor, Fair, Good, Very Good, Fine, Very Fine, Extremely Fine and Uncirculated. Of course, a banknote might fall somewhere between any of these grades, so plus-signs are often used to indicate interim grades. For example: F+ falls somewhere between F (fine) and VF (very fine). ‘A’ for ‘almost’ is also used: ‘AEF’ means ‘almost extremely fine’ and ‘AU’ means ‘almost uncirculated’.

Banknote value-guides, such as the Standard Catalog of World Paper Money usually give about three different values for each note: usually those for VG, VF and UNC. If you need the value of the note in an intermediate grade, you have to estimate it for yourself, based on the values and grades given. For example: if the following values were given: VG: 10, VF: 40, UNC: 80, it is then a simple matter to estimate the intermediate grades' values: F will be about 20 and EF will be about 60. We can illustrate this with a simple graph: (the three known values are ringed with small circles)

Some banknotes are especially scarce in the higher grades. Since value is largely based on availability, in these cases there will be a much greater difference in value between EF and UNC than there is from VG to F, for example. Let’s suppose that the catalogue gives the value of a note as being 2.50 in VG, 10.50 in VF, and 100 in UNC. We could create another grid - ideally on graph paper - and plot the known values (ringed with the small circles on the grid below). Again, we draw a line passing through the three values in order to be able to read off the values of the intermediate grades. This time, the line has to be a curve, to pass through the points we have plotted. In this case, the curve gets progressively steeper, the closer we get to UNC:

In cases like Example 2 above, a slight difference in grade towards the UNC end of the scale makes quite a remarkable difference in value. Plotting a graph, such as those above, is one way of estimating the values of those intermediate grades not given in Pick. However, always remember that Pick values are are occasionally inaccurate. For more on this subject, click here.

So, when you need to know the value of a banknote that is between one of the grades given in your value-guide, you could get a pencil and paper, draw a grid, like the ones illustrated above, and plot a curve and read off the value, as above.  However, this is a fiddly process, and drawing a mathemeatically correct curve is not easy, since the curve usually gets progressively steeper towads the UNC end of the scale. The Ackroyd-Noteval System gives you the values mathematically, in an instant, eliminating the need for manual plotting. And it is much more accurate.

Disclaimer: By using this system, you agree that we, the providers, shall not be responsible for any financial loss you may incur as a result of incorrect valuations. This system can only be as accurate as the data you feed it.

To use the valuation system, click here:

______________Paper Money Site Contents ______________

© International copyright 1999 A. ACKROYD
This page originates from: www.aanotes.com
A. ACKROYD is a longstanding I.B.N.S. member
and founder of Noteworld.org
e-mail: aa@aanotes.com
Tel/fax: +44 1202 739039

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