Note Quality: Uncirculated versus Circulated

The currency on the left in the below image is an example 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 currency on the right is an example of circulated currency. Generally, most bills you carry in your wallet are circulated notes. These notes may be crisp, clean and new, or could have minimal wear from folding and use. Many criteria are used to determine the condition of an individual note; however, circulated notes should not have holes, tears, tape, burns, or missing portions.

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.

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 buyback package will be returned to you.

Note comparison

Examples of Uncirculated Notes

Uncirculated Iraqi Dinar notes
Uncirculated Iraqi Dinar notes

Examples of Circulated Notes

Circulated Iraqi Dinar notes
Circulated Iraqi Dinar notes
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