1.  An otherwise Gem Crisp Uncirculated Note has a tiny edge nick along the lower margin. This note should be graded as:

• Gem Crisp Uncirculated- 2.5%
  
• Gem Crisp Uncirculated with annotation regarding the edge nick- 55%
  
• Choice Crisp Uncirculated- 37.5%
• About Uncirculated- 5.0%

2. An otherwise Gem New Experimental Fractional Note appears to have an old dealer's code notation in pencil on the reverse. The note should be graded as:

• Gem New- 9%
• Gem New Uncirculated with annotation regarding the mark- 66%
• Choice New- 14%
• About Uncirculated- 11%

3. An otherwise unflawed Fractional Note shows predominant aging across both sides of the note. The aging is uniform in color. The note should be graded as:

• Gem Crisp Uncirculated- 9%
• Choice Crisp Uncirculated- 45%
  
• Crisp Uncirculated- 41%
• About Uncirculated- 5%

4. A lightly circulated Fractional Note has severely oxidized bronze surcharges, which have changed to a dark forest green color. This note should be graded as:

• About Uncirculated- 51%
• Extra Fine- 41%
• Very Fine- 6%
• Uncollectible- 2%

5. An otherwise Gem Crisp Uncirculated Note has two ample margins and two very large margins. This note should be graded:

• Gem Crisp Uncirculated- 45%
  
• Very Choice Crisp Uncirculated- 41%
  
• Choice Crisp Uncirculated- 12%
  
• Crisp Uncirculated- 2%

6. An otherwise Very Fine Counterfeit Fractional Note suffers from numerous internal splits, probably due to inferior paper quality. This note should be graded as:

• Very Fine- 10%
  
• Very Fine with annotations regarding the splitting- 32.5%
• Fine- 10%
• Very Good- 20%
• Good- 22.5%
• Fair- 5%

7. An otherwise Crisp Uncirculated Note presents with a missing corner tip, about 1/8 of an inch across. This note should be graded as:

• Crisp Uncirculated- 26%
• About Uncirculated- 45%
• Extra Fine- 22%
• Very Fine- 2%
  
• Fine- 5%

8. A Wide Margin Proof Note presents as a Gem Note sample, but has a corner fold along the upper margin, not coming close to the design. The note should be graded as:

• Gem New- 10%
• Choice New- 50%
• New- 20%
• About Uncirculated- 20%

9. A Narrow Margin Specimen Note presents as a Gem New sample on the front of the note. The back of the note shows glue and paper remnants from its previous mounting on a Fractional Shield. The note should be graded:

• Gem New- 2%
• Choice New- 46%
• New- 24%
  
• About Uncirculated- 28%

10. An otherwise Choice Crisp Uncirculated Note bears severe glue remnants on the back of the note from a previous album mounting. The note should be graded as:

• Choice Crisp Uncirculated- 0%
• Choice Crisp Uncirculated with an annotation of the mounting- 29%
• Crisp Uncirculated- 21%
• About Uncirculated- 18%
• Extra Fine- 8%
• Very Fine- 14%
• Fine- 10%

11. An otherwise Gem Crisp Uncirculated First Issue Perforated Fractional Note presents with trimmed perforations along two margins. The note should be graded as:

• Gem Crisp Uncirculated- 5%
• Gem Crisp Uncirculated with annotation regarding perforations- 45%
• Choice Crisp Uncirculated- 32%
• Crisp Uncirculated- 15%
• About Uncirculated- 3%

12. An otherwise Gem Crisp Uncirculated Second Issue Fractional Note offers very blurred, almost unreadable, reverse surcharges. The note should be graded as:

• Gem Crisp Uncirculated- 41%
• Very Choice Crisp Uncirculated- 31%
• Choice Crisp Uncirculated- 10%
• Crisp Uncirculated- 18%

13. A hand-signed Fractional Note shows browning of the paper on the back of the note at Spinner's signature. Otherwise, the note is Gem Crisp Uncirculated. The note should be graded as:

• Gem Crisp Uncirculated- 30%
• Gem Crisp Uncirculated with annotation regarding the paper- 59%
  
• Very Choice Crisp Uncirculated- 2%
• Choice Crisp Uncirculated- 2%
• Crisp Uncirculated- 7%

14. A Fractional Note presents as Choice Crisp Uncirculated. There is a pinhole in the upper right corner. This note should be graded as:

• Choice Crisp Uncirculated- 25%
• Crisp Uncirculated- 45%
• Choice About Uncirculated- 20%
• About Uncirculated- 10%

15. A Fractional Note presents as a Gem Crisp Uncirculated sample. Closer inspection reveals that the margins have been trimmed. All margins are now tight, but equal. The note should be graded as:

• Gem Crisp Uncirculated- 13%
• Choice Crisp Uncirculated- 37%
• Crisp Uncirculated- 29%
• About Uncirculated- 17%
• Very Fine- 2%
  
• Uncollectible- 2%

16. A Fessenden Fractional Note presents as Choice Crisp Uncirculated. There is bold black inkbed smearing down the left margin of the back of the note. The note should be graded as:

• Choice Crisp Uncirculated- 10%
• Choice Crisp Uncirculated with annotation regarding the smearing- 12.5%
  
• Crisp Uncirculated- 67.5%
• Choice About Uncirculated- 2.5%
• About Uncirculated- 2.5%