"Apparent" gradings

YoYoSpin · Dec 19, 2010

I see large size currency graded by PCGS and others as "Apparent" fine, "Apparent" very fine and so forth...what is the significance of the word "apparent" is paper grading?

Log in or Sign up to hide this ad.

krispy · Dec 19, 2010

PCGS Numerical Grading Scale

Any note with a major problem will be placed into a PCGS Currency “Apparent” grade holder with the problem described.
Click to expand...

SteveInTampa · Dec 20, 2010

Seeing the APPARENT (PCGS), or NET (PMG) on the holder is never a good thing.

saltysam-1 · Dec 22, 2010

It is like saying: "If it wasn't for the problem, this note would grade".... So replace the word "apparent" with this phrase and you will be alright. I see people selling coins trying this as well. Usually they start by saying "Almost" instead of "Apparent". Almost uncirculated, Almost AU, Almost ect.... So if you substitute the word "Not" in place of "Almost", you have a much better and honest description.

ratio411 · Dec 22, 2010

So it's like seeing "Details" on a coin slab?
There is a problem, but it grades 'x' in details...

krispy · Dec 22, 2010

PCGS on "Apparent"

ratio411 said: ↑

So it's like seeing "Details" on a coin slab?
There is a problem, but it grades 'x' in details...
Click to expand...

Except, unlike a coin holder, which only gets a numerical number that refers to the kind of problem, the currency holder will bear a short description of the problem and have a grade.

Below from PCGS Currency:

[FONT=arial,helvetica][FONT=arial,helvetica][FONT=arial,helvetica]According to the PCGS Currency Grading Standards, notes that have major faults such as tears, splits, holes, missing pieces or have been subject to major restoration, such as repaired tears or splits, redrawing of the design, bleaching of the paper, or even reconstruction of missing pieces, will be assigned a “problem note” designation. Such problems will be noted on the grading label. In these cases we will assign an “Apparent” grade followed by a brief and concise description of the problems or repairs. The “Apparent” grade will equate to what the note would have graded without the mentioned problems. For example, “Apparent VF30, bleached and starched” might be a description of a problem note, as might “Apparent XF45, upper-right corner restored”. No net grade will be given.[/FONT][/FONT][/FONT]
Click to expand...

[FONT=arial,helvetica][FONT=arial,helvetica][FONT=arial,helvetica]

Above from[/FONT][/FONT][/FONT][FONT=arial,helvetica][FONT=arial,helvetica] PCGS Currency to No Longer Use “Red Holders” for Problem Notes [10/25/2007]

[/FONT][/FONT]

Unlike coins, we will authenticate and grade currency that has damage or other problems, or that has been restored. Sometimes whatever work was done to a note will be detracting and make it less valuable. Other times the notes will be conserved in such a way to make the note presentable and collectible. Many notes are so rare that even a heavily restored example might remain one of the best available. Notes that have major faults such as tears, splits, holes, missing pieces or have been subject to major restoration, such as repaired tears or splits, redrawing of the design, bleaching of the paper, or even reconstruction of missing pieces, will be assigned a “problem note” designation. Such problems will be noted on the grading label. In these cases we will assign an “Apparent” grade followed by a brief and concise description of the problems or repairs. The “Apparent” grade will equate to what the note would have graded without the mentioned problems. For example, “Apparent VF30, bleached and starched” might be a description of a problem note, as might “Apparent XF45, upper-right corner restored”. No net grade will be given.

Notes that fall below the Good 4 grade will be given an “Apparent” grade only if there is restoration work done, as it is assumed that notes below this grade will have visible problems that are inherent to the grade.
Click to expand...

from PCGS' Our Grading Standards

mpcusa · Dec 23, 2010

By all means avoid apparent and net grades!! values are substantially decreased with
Those terms and for the most part undesirable by collectors!

Log in or Sign up

"Apparent" gradings

YoYoSpin Active Member

Guest User Guest

krispy krispy

SteveInTampa Always Learning

saltysam-1 Junior Member

ratio411 Active Member

krispy krispy

mpcusa "Official C.T. TROLL SWEEPER"

Share This Page

Log in or Sign up

"Apparent" gradings

YoYoSpin Active Member

Guest User Guest

krispy krispy

SteveInTampa Always Learning

saltysam-1 Junior Member

ratio411 Active Member

krispy krispy

mpcusa "Official C.T. TROLL SWEEPER"

Share This Page

Useful Searches