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<p>[QUOTE=&quot;lettow, post: 548535, member: 6986&quot;]What you are missing is the standards used by the grader.&nbsp; This note may very well be a 70 based on the standards used by the person grading it. </p><p><br /></p><p>It sounds like you are assuming they use the same standards and number scale as other grading companies.&nbsp; Since there are no generally accepted numerical standards for grading you cannot out of hand say this note in not a 70.&nbsp; It is apparently a 70 according to the standards of this grader.&nbsp; This graders definition of a 70 does not comport with yours.&nbsp; That is all that can be said about this.</p><p><br /></p><p>This is the problem with the state of grading paper money in the US right now.&nbsp; There are no set standards.&nbsp; Unfortunately, the leading trade group for paper money in the US, the SPMC, has not taken an active role in developing standards.&nbsp; Dealers and the TPGs filled the void</p><p><br /></p><p>The US paper money TPGs adopted the 70 point scale from the coin side.&nbsp; Bad idea.&nbsp; It was not designed for paper money.&nbsp; There are additional considerations in paper money grading that do not fit neatly into a numerical scale.&nbsp; Grafitti, pinholes, centering, margins, embossing, tears, etc. do not lend themselves easily to numerical analysis.&nbsp; Even the PPQ, EPQ designators do not adequately do the job.&nbsp; Net grading does not do it either.</p><p><br /></p><p>If you had to choose between an AU note with grafitti on the face and the same note in EF without the grafitti which would you pay more for?&nbsp; The former will have a higher grading score but is it really more desireable?</p><p><br /></p><p>I believe the grader of this note is taking advantage of the lack of grading standards.&nbsp; Learn to grade and know what to look for before you spend the money.&nbsp; Do not rely on the grade on the holder whether it was put there by a TPG or a vestpocket dealer.[/QUOTE]</p><p><br /></p>

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