Note Quality: Uncirculated versus Circulated

The currency in the first set of images below are examples of uncirculated-quality 25,000 Iraqi Dinar banknotes. Uncirculated notes of any currency are bright and clean, with no blemishes or discoloration. The edges are clean and perfectly flat; the corners are sharp with no evidence of folding or damage.

The bills you carry in your wallet are circulated notes. These notes may be crisp, clean and like-new, or could have minimal wear from folding and use. Many criteria are used to determine the condition of an individual note, including slight creasing from rubber bands, paper straps or paper clips.

Most importantly, as a negotiable instrument circulated notes have the same intrinsic value as uncirculated notes; a note has the same value to the central bank that issued the note, regardless of its categorization as circulated or uncirculated.

We encourage everyone to read our FAQ section on circulated v uncirculated notes.

Please note that we do not exchange notes rendered unsalable by extensive damage. If notes have holes, tears, tape, burns, or are missing corners or portions of the notes, we are unable to sell them and therefore, do not redeem them. Unsalable notes included in a redemption order will not be returned to you.

Note comparison Uncirculated (left) and circulated (right) 25k IQD Notes

Examples of Uncirculated Notes

Uncirculated Iraqi Dinar notes Notice that the corners are sharp and without folds.
Uncirculated Iraqi Dinar notes The edges and adjacent notes lie perfectly flat.

Examples of Circulated Notes

Circulated Iraqi Dinar notes These circulated notes have corners are slightly bent and don't lie perfectly flat.
Circulated Iraqi Dinar notes Notice that the notes have folds from being bound by a paper clip.
Circulated Iraqi Dinar notes These circulated notes have bent corners and edges.
Circulated Iraqi Dinar notes These circulated notes have folds and creases and don't lie perfectly flat.