This is an outstanding note. I have had a look under the magnifying light. Only on one corner (bottom left) are there any loose fibres which shows the handling has been very limited indeed. Two very light folds, very light indeed, the one on the right only really noticeable under magnification. The one on the left has a slight dent in the middle. I mention to be exact. The quality of this note is very high indeed and it is a wonderful addition to any collection.