Paper Money TPG's - Opinions please

We could go round and round on this issue until the cows come home!! Obviously are opinions are significantly different:rolling: And further debate
Would be useless :hammer:

 

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This thread seems to have hit a nerve.

Most people like their banknotes uncertified. This poll has already established that.

But some of us like our more valuable notes encased in plastic. Certified 100% genuine and safely preserved for the eventual next owner. Easy to dispose of if we suddenly buy the farm and our wife or children have to sell them to pay the real estate taxes.

No matter how you prefer your paper money try and be tolerant of others who march to a different drummer. Relax. Enjoy. Life's too short! :kewl:

 

I think what were looking at here is two trains of thought, The first
Being as a fun hobby, Raw uncertified with no exact grade or
Authentication which is perfectly fine, I think most people would
Fall in to this catagory as the results reflect.

The second being people like myself who seek out only the highest
Grade notes, Who are willing to spend money to get the absalute
Finest examples both for there own collections and for others and
To make sure you are getting what you paid for and thats why
You need TPG, If you dont think so your kidding yourself

Here,s one of my key note examples in a ultra high grade pop 2

 

oops! Here,s the correct reverse!!

 

Your test, Find the real note! Or not?? I think this will prove my point
On tpg!

 

Series 521 $5 note is the real one

And I'm thinking that this debate has gone on before many times usually in the coin discussions.

mpcUSA,
You are right! There are many good reasons to go for graded notes by reputable grading companies. Espically if your newer to the collecting type your looking at. Also for online or phone purchases...heck even if friends are trading them it's nice to have a second opinion to make sure the two of you are being fair to each other. Counterfeits and high grade and expensive notes need some help too many times to figure out what it's worth.

Troodon,
You are right too. If you have experience in the type your buying or have the patience to only look in person, can grade well on your own and get around to see plenty of examples then raw is the way to go. Buying online for paper is much too risky in raw most of the time and if your good at grading you will do well.

Me....I like both I'd take a graded note anyday. No reason not to if it's the same price IMO, you can always cut it out of the holder. But if a note is raw that I like I'll self grade it (like I do in a holder too) and purchase it.
Why not get the best of both worlds if you can?

 

Talk about riding the fence.......LOL I have this test up on the regular thread
As well and i will post the results there.

 

Wow that fence hurts from riding it all day lol

 

Information is power, Posses it and you will find the fence much more
Comfortable....LOL

 

Everyone makes mistakes. I might be making one right now, for instance, as I am posting a link to another forum. I normally would not do this but it illustrates a point clearly.

As good as TPG's are, there are those you have to be wary of. I would not normally buy something online from an untrusted TPG. I would not normally make a large purchase from an untrusted dealer. But if the price was right and I thought it a deal I MIGHT buy from an untrusted TPG and I MIGHT buy from an untrusted dealer. Usually I stay with trusted dealers only and try out new ones with smaller purchases over time to develop trust - which doesn't always happen, and then I drop them from my list. It's experience which shapes us all and causes us to be how we are. Once burned by getting a bad note however, it can cause one to buy only TPG notes or, like the one below to be more wary of the purchase even if you did buy from a TPG.

http://www.coinpeople.com/index.php?showtopic=18723&hl=


Again I apologize for any improprieties of linking to another forum.

 

Your right everybody makes mistakes, Maybe the person grading it
Had a hotty waiting for lunch....LOL

 

I dont think that was that good of a counterfeit actually...

But moral of the story...PMG should reimburse him for the note if he wanted to. So maybe mpcUSA is right? At least he has the guarentee.

 

If there's much at stake in the grade, I wouldn't buy online anyway; I'd want to examine the note in person. To be honest the specific grade doesn't mean that much unless you're talking about a significantly valuable note. The most valuable note I ever bought so far was a 1917 $2 US note (legal tender) which I took a good look at to see if it was priced according to its grade; I estimated it to be on the F/VF borderline and it was priced at what a reasonable price for F would be. Wasn't any need to trust some TPG's opinion.

I never understood the urge to pay huge amounts of money just so you have some note that gets 2 more numerical points on the grade than the average. I'd rather spend that kind of money getting a larger variety of notes. I prefer uncirculated when that's reasonably available and affordable, but I honestly can't tell the difference between a so-called 65 and a 66, so why should I pay extra for such a minute difference? Especially when not every TPG will even call it a 66? That's my main point really, and why I never buy graded notes or coins. (One exception I'll make is if there's a significant question as to authenticity, and I think it's worth getting expert analysis as to whether or not it's genuine. But not on what grade they think it is.)

 

It,s a competitive thing, You know mine is bigger then yours....LOL
Kind of like that and even though the differences may be slight
Especially 67-70 the bigger number in this case is better, Also
Its a matter of pride and achievement, The note that i will be
Displaying this weekend mimics this! A very tuff note!!

 

"I don't care if they claim it's red when it's actually green; I look at the note and make my own judgement. If I can't tell from the picture whether the note is in a condition that would justify the price, I don't buy it. If I think it's VF when they claim it's XF... I bid the VF price, and if I get it great, otherwise oh well. If I'm going to spend enough money where the grade actually makes a difference, I wouldn't buy on eBay anyway; I'd take a look at the note in person. "

**********************************

Hard headed or insane??
It's indeed the number one rule of importance that a currency collector can competently self grade. However...........any buyer that thinks he can feel comfortable buying a raw note on line based on the sellers decription is just asking for trouble. Can you see tears that are not decribed? Can you see repairs, not described. Can you see folds, not described? Placing your bid based on a condition several grades lower than advertised can be a good thing. You can also lose out on a great note that was accurately described. Self grade your notes when in hand but don't let your grading ego always fog your judgement when bidding on a scan.

There are so many fraudulent dealers out there that intentionally deceive. Any push back on that folks?? OK, your ready to fill that currency hole you have been trying accomplish for years and have the $3,000 to spend. You see that 1899 $5.00 "Chief" Napier-Thompson raw, described as GEM by an ebay seller. You see the same type note slabbed by PCGS as GEM66. Same price. Which do you buy, and why? When you go to sell the note 10 years from now, which one will demand more, unslabbed or slabbed by PCGS? I can tell you right now that the $50 you spent to have it graded will be a pittance compared to the added sell price value. PMG can also be used for this example.
On the other hand, if you choose to have graded by CG"X", it will most likely go the other way.....After all, you have your unscrupulous TPG's as well as dealers.

 

Bingo! Duke good pick up! There verifying the authenticity if there,s
A problem that,s there responseability, After all that,s what there
Getting paid for:hail:

 

It,s a matter of trust that we are talking about here CG"X" has none!!
PCGS and PMG have mine! Any others would have alot less credibility
There,s an "R" out there that has been over grading Mpc,s and the
Same dealer is selling that TPG exclusivley, Major problem!! This guy
Had 7 69,s for sale in a few different series for sale on the "Bay"