Grading services.

Who do collectors like the most? What do collectors think of PMG holders in today's market.

 

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2x2 flips and personnel knowledge.

 

I agree with @Dynoking and don't use grading services.

 

How many times do I fold a note to get it in a 2X2?

 

I think folding a note 4 times would do it.

 

I like my notes in PMG or PCGS holders. The label doesn’t interfere with the note and it provides good information. Here’s a few examples. I also think the grading is accurate.

They even have the right size holders for the larger CSA Notes.

 

As many as it takes. Down with grading services! I'm not poking fun at your post, but I think you and the other smarter people here on CT get it.

 

Grading services only have one goal, to make their business money, so don't waste yours. They will grade and slab anything for a fee.

 

That applies to any business, I'd say.
I don't have a preference but I do want to mention that the current PCGS Banknotes doesn't recognize notes graded by the old PCGS Currency.

 

Never mind. Just needed some information. I'll get my answers somewhere else. Thank you to those that were helpful.

 

I am not very good with multi-letter acronyms. And even worse with TPG's....

 

Well of course they don't. PCGS Currency was licensed to use the PCGS name for about a decade, after PCGS stopped their initial note grading service.

When the license ran out, they closed down PCGS Currency and opened Legacy Currency Grading (https://legacygrading.com/). As they do not have rights to the "PCGS" name any more, they've carefully not mentioned the prior company except:

"Legacy Currency Grading is an experienced and accurate grader in third party collectible paper money grading and authentication, grading more than 1,000,000 notes since 2005."

Shortly after PCGS Currency closed down, Collector's Universe opened PCGS Banknote (https://www.pcgs.com/banknote) in January 2020 (https://www.pcgs.com/news/pcgs-banknote-accepting-paper-money-submissions).

 

Except for error FRNs where the error is questionable, I don't have a use for TPGs. The majority of my coins and notes are purchased raw. Knowledge and a grasp of market values serves me well.

 

So, if you have a Legacy rated note it was graded by the same experts who graded the PCGS Currency items? And that means you can trust the grade?

 

I thought that was a very good answer. Nice you showed the photos also.

 

Thanks and I have lots more graded by PCGS and PMG.

 

There you go, I knew somebody would fill in the details. I only mention it since the PCGS Currency graded notes seem to trade on par with PCGS Banknote and PMG. But perhaps they should not. Or should Legacy graded notes trade the same way? Not sure of the answer but it's worth a conversation.

 

Personally, for U.S. notes, I would only recommend two third party grading companies. PMG and PCGS.

 

Arguably it's the same people, so if you liked their grading before, you like it now, with an improved holder.

"A rose, by any other name, would smell as sweet"

 

+1
Substitute "World notes" for "U.S. notes" & I feel like Steve. But I actually prefer another TPG (BCS) for Canadian currency. I like that PMG has had a less checkered history (than PCGS & their offshoots) & their site has a registry, etc.

It also boils down to "buy the note, not the holder." Collectors still need to learn how to grade (or assess a note's condition): buying certified notes shouldn't absolve you of that responsibility.