Does anyone know what a NET grade means on third party graded items? What are the pros and cons of buying a TPG graded NET item? Are they worth less than a similar items with the same grade that's not a NET item? (can you still use a greensheet bid/ask to value?) In other words ... would a currency note graded "AU 55 NET" be worth less than a note graded "AU 55" Also in the above case, if the NET was due to a repair ... Does that mean the AU 55 NET note would have graded higher ... perhaps CU 63 (or similar) ... but it was knocked down to an AU 55 due to the repair? A final question ... is it worse for a note with a pin hole to have been repaired? Does that knock the value down? (Is it always better to leave the damage intact rather than have it professionally repaired) This is confusing to me so if anyone has any info or an opinion feel free to chime in
Not a currency guy but as a coin guy heres my two cents (pun intended) Net graded items will not trade for full price of an item graded the same without the net grade. For example. say an 1869 Seated quarter (hard coin to find in any grade) was graded as an AU-50 Net graded i would not pay anywhere near full price for said quarter, i would pay maybe the XF price for the coin as it has had damage to it
I can't speak to your currency issues, but I can talk about net grading. This statement of yours is closest: "Also in the above case, if the NET was due to a repair ... Does that mean the AU 55 NET note would have graded higher ... perhaps CU 63 (or similar) ... but it was knocked down to an AU 55 due to the repair?" When I grade a coin, I'll specify the details grade (that is, the technical grade of the coin), and then I'll separately mention any issues the coin has. For instance: EF-40, harshly cleaned. This means the coin has EF-40 details left, but someone dipped the heck out of it, took Brillo to it, etc. Some people will grade this same coin, NET VG-8, for instance. This means, to this buyer, the cleaning was so bad, it dropped it from a 40 down to an 8. This is somewhat useful for market purposes; you know that you can price this coin at about a VG. I personally don't use net grading, because different problems worry different people. For instance, a rim bump to one fellow might knock an AU-50 coin down to a F-12 (price-wise), but someone else may not mind rim bumps, and call it a VF-30.
