GradeNote thumbnailGradingPlaza has launched GradeNote, an iPhone app that will assist with grading paper money.

Starting today, May 25, 2014 the GradeNote app is available for free in the Apple App Store. The app will help with grading banknotes and paper money in an objective manner. An innovative algorithm has been developed, showing the relevant questions that determine the quality of a banknote. All questions already have default answers,  as if the  banknote is in an uncirculated (UNC) condition. When changing the answers to the actual condition of a particular banknote, the quality shown will immediately reflect the result of the answers given.

We trust that this second-opinion tool will help you to grade your paper money more objectively. We are looking forward to hearing from you about your experiences.

We have used the IBNS grading standards as a starting point for our algorithm. Of course during the translation of a written standard into a computer algorithm, we were forced to make some “black or white” decisions. We welcome suggestions and comments to our first version of GradeNote.