• Update: 2023-03-16 15:34

Quality and rarity of the title

Evaluation system 

The international evaluation system classifies the quality of conservation in 6 categories : UNC, EF, VF, F, VG et G sometimes annotated with a + or - to indicate an intermediate state. When this is the case, we add annotations that can influence the price.

The evaluation is only done on the title coat with the exception of the coupons. The latter do not intervene in determining the state of conservation.

A list of the most common is below. For example, the same actions canceled or not will indeed be appreciated differently by collectors. 

UNC : UNCirculated

Corresponds to the most perfect state, like coming out of the printing press. No tearing, folding or salivation

VF : Very Fine

Corresponds to a worn state; creases, slight tears in the edges but no missing pieces

VG : Very Good

Corresponds to a very damaged state: it lacks large pieces of paper and is badly damaged

EF : Extremely Fine

Corresponds to a slightly worn condition, one or two folds 

F : Fine

Corresponds to a damaged state: folds, tears along the edges and small pieces of paper missing

G : Good

Corresponds to a catastrophic state: important part of the missing title and very damaged condition

Left-hand title in condition F: stains in the top of the mantle, big crease in the middle, rips along the left edge, piece of paper stuck in the bottom and small pieces missing on the edges


Right title in VG condition: like the one on the left, spots, folds and small tears but also a big fold in the middle with many missing pieces 

Annotations commonly used

h.c. : Hole Cancelled : canceled by perforations

p.c. : Pen Cancelled : canceled in the bic, usually canceled marked in large

pi.h. : Pin Holes : presence of pinholes

pu.h. : Punch Holes : presence of 2 drill holes usually in the left or right margin

s.c. : Stamp Cancelled : canceled by stamps

st.c. : Strip Cancelled : canceled on roulette

s.o.f. : Stamp On Face : presence of a single stamp on the mantle

ss.o.f. : StampS On Face : presence of several stamps on the mantle

Rarity of the title

The title's rarity classification is based on international experience since 1984 and on a very large database as well as reference and auction catalogs around the world in recent decades.

Note, however, that scripophily is a field of collection that is too young to be able to offer guarantees and that new discoveries are always possible which would change the raritya classification of a title.

Scale rarity of the title

R12 unique piece
R11    2 pieces
R10    3 to 5 pieces
R9      6 to 10 pieces
R8     11 to 25 pieces
R7     26 to 50 pieces
R6     51 to 100 pieces
R5   101 to 250 pieces
R4   251 to 500 pieces
R3   501 to 1000 pieces
R2 1001 to 5000 pieces
R1 more of 5000 pieces 




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Belgian Association for Scripophily N.P.O.

Avenue de l'Equinoxe, 18
B-1200 Brussels
Company number : BE 420507371
RPM Tribunal de l’entreprise francophone de Bruxelles
GSM : 032(0)494 04 99 16

Account :

Code IBAN : BE98 3200 1739 4493

Association Belge de Scriptophilie A.S.B.L. 

Avenue de l'Equinoxe, 18 
B-1200 Bruxelles 
N°  d'entreprise : BE 420507371
RPM Tribunal de l’entreprise francophone de Bruxelles
Portble : 032(0)494 04 99 16

Compte bancaire : 

Code IBAN : BE98 3200 1739 4493