Online chat about this topic started around 2000 & I went to RCNA workshop on preserving one's collection 6 years later (2006). At this point & time, there were still many cheap Asian products floating around that one had to be aware of. However, these were mostly sold from Asia on eBay & most collectors/dealers shunned them. They were easy to ID b/c they were cheap or a knock off name of a valid brand name (see below) like Light-HOUZE, Lecturn, etc.
Our workshop expert was a ROM curator who was absolutely top notch in her field. She had extensive knowledge & experience with damaged woods, metals & paper artefacts from improper storage. She split her talk about 2 causes of such deterioration: humidity & improper storage media (bleached paper or vinyls). She talked for almost an hour on how the museum regulates archive temperatures & humidity.
When she polled us participants it was both amusing & a bit sad how many of us experienced problems. Most often the problems came from humid storage conditions or poor quality coin flips. Very few collectors had notes damaged by their PVC currency sleeves but I have seen many & usually the damage is a yellow tone/shade or darkening over the entire note (more on that later).
A LOT of damaged coins came in those Commemorative (etc) presentation folders because the plastic/cardboard (etc) holders were NOT archival safe (nor vetted by any numismatic organization). This was a huge problem according to most of the coin collectors at the workshops. I shun such products so I had no idea. To this day I advise collectors to REMOVE their coin/note OUT of the FOLDER & place it in a proper Mylar sleeve (or PVC-free flip).
For the most part, damaged notes from poor vinyl had become a thing of the past b/c most of us had already upgraded our sleeves a few years prior when we first heard about it (2000-2006). Most European & US manufacturers of banknote/collector sleeves had immediately improved their products 20 years ago. There were still a few Asian “knock-off” sleeve & page producers but these were mainly the outliers. They were easily identified by where they were sold, no brand name & often cheap ($0.05 to $0.10/sleeve in bulk) whereas proper sleeves are typically ($.30 - $.65/sleeve) in bulk (more expensive).
PVC-Free sleeves & page products came from the following brand names:
BCW
Leuchtturm
Lighthouse
Guardhouse
Safeguard
Look for “Archival Safe” or “Museum Safe” on the label.
Mylar, Dupont & other co's produce Archival/Museum safe products too. They're pretty much the norm but beware of anything that comes from an eBay sale b/c there's a lot of older, Asian made unsafe stuff that sellers get rid of!
ALSO beware of anything inherited! A friend of mine's father passed away & all his father's notes were stored in cheap PVC brittle plastic pages (all his father's notes were PVC damaged). I had never seen anything like it.
If you have a PVC damaged, a note that was bleached, or altered chemically in any way, PUT IT IN A SEPARATE place. DO NOT store it with your good stuff b/c the chemicals can still leach into your good coins/notes!
The bottom line (of our 2006 workshop) was store your note in a semi-rigid sleeve and then place it in the currency page (do not store your note directly in a currency page pocket!) Store your binder/collection in as dry as spot (in your residence) as possible. I am constantly recharging the dehumidifier (above) which is surprising (as I assumed my storage was pretty dry). Always err on the side of caution if you have an item you suspect was chemically treated (smells off, etc).