Peace be with you all.. Recently, I read about the reasons for perforation of banknotes. My question is, does pinholes affect/lower the value of 'an extremely RARE SPECIMEN banknote?' Awaiting response. Thank you!
Pinholes are considered Damage and they lower the value. If the pin holes caused a small brown stain that will lower the bill a little bit more. With any bank notes condition is everything. Welcome to CT.
The existence of pinholes on a specimen note seems a bit odd, as it would imply the note was circulating. Do you have a photo of this note?
I can picture a specimen note being pinned to the wall or corkboard in the bank managers office. Specimens were sent out to banks to train their personnel on the new notes before being released to the public.
That,s a big yes !! any issues such as pinholes would for sure lower the Value regardless of what it is, i see many notes in the MPC world that Have pinholes and the value can be decreased as much as 50% over Clean bills just more desirable.
Thank you for the answers. I read about how PMG grade the banknotes. But there was nothing like pinholes lower the value. They say they grade the notes based on discoloration, tear off and fade in the colour, folds. There was nothing about pinholes. I'm confused.
The cancellation and stamp stating the Note is 'Not Legal Tender' implies that the damage is expected as it is intentional.
It didn't lower the grading. The value is something a buyer needs to assign to their purchase. I wouldn't think the value is diminished due to the intentional damage. Everyone differs though.
Separate your thoughts of the grade versus the value. Grade is (in this case) based on PMG's standard as written, and talks about the quality of the printing and the condition of the note. If they say "pinholes (on in this case punches for cancellation) don't affect the grade", then that's their standard. Value is based on the demand for the note and thus how much someone is willing to pay for it. A note graded PMG 45 could be a completely common note worth $1, or a very rare note worth $10,000. Both could be graded PMG 45, with no notation on them as to rarity. So let's say there were 5000 of those specimens made, but there was one day that the central bank decided to recall and cancel them all. They started this process and had cancelled two of the notes, when suddenly the bank caught on fire and burned down. So there are 2 in existence with punched holes and "CANCELLED" overprinted on them, and there are 4998 of the original un-cancelled specimen notes. All other things being equal, which would you rather have?
You sure? Maybe the remaining bill (excluding the holes ) didn't qualify for EPQ. I don't see there being a definitive way to determine there is a lacking designation based on the info and pix provided. Seems that's a false negative.
Yes, I am sure. A note with staple or pinholes in the EF grades will not get EPQ from PMG. It does not matter whether there is any other reason for not getting the EPQ.
