This is a really good note, previous listed as UNC. My grading is below this. There are a couple of light dents in the note (from storage) and under the light, a light central part fold. The note has not been circulated. There are no loose fibres on the edges or corners. The note has been handled but this is but light. I mention to be precise about the note. I think it top quality. For me, this £50 (and the Somerset £50) are wonderful designs.