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<p>[QUOTE=&quot;krispy, post: 1081871, member: 19065&quot;]Steve, I&#039;d also like to hear what your opinions are about this&nbsp; especially since you are bringing the discussion here with some&nbsp; background you are engaged with already elsewhere. You may have insights&nbsp; to share that can eliminate redundant questioning here.</p><p><br /></p><p><br /></p><p>At what range of grades can the PPQ notation from PCGS be applied? It&nbsp; seems when&nbsp; comparing&nbsp; the two grading scales side-by-side that PMG are&nbsp; set up to allow an EPQ&nbsp; notation in lower grades, such as: 45 EPQ to 58&nbsp; EPQ, whereas PCGS does&nbsp; not give this paper notation in those lower&nbsp; range of grades. Is this an accurate read of the two grading scales? </p><p><br /></p><p>Are there any examples of PPQ&nbsp; notations on labels graded below PCGS&#039; <i>Choice New 63</i>?&nbsp; </p><p><br /></p><p>If a given note graded <i>Choice New 63</i> by PCGS (or higher) had a&nbsp;&nbsp; pin hole and the PPQ notation, I would not buy that note based on the&nbsp;&nbsp; grading criteria I see listed on PCGS&#039; grading scale. Instead, seek&nbsp; another example of the note without problems with an accurate label <i>or</i>&nbsp; pay&nbsp; accordingly, never mind the grade given by the TPG, though one may&nbsp; not be able to&nbsp; acquire said note with a lowered bid since many simply&nbsp; ask/bid according to&nbsp; the grade on the label overlooking certain grade&nbsp; conditions of the note inside the plastic. </p><p><br /></p><p>If a&nbsp; collector allows notes with pinholes in their collection, then perhaps&nbsp; they might try to submit the note for reholdering <i>or</i>&nbsp; cross-over to the other TPG, seeking a grade more appropriate to their&nbsp; understanding of the scale and personal assessment of the note. If PMG&#039;s&nbsp; scale permits EPQ with such lower&nbsp; quality notes and the TPG can&nbsp; reasonably explain their grade and the buyer&nbsp; agrees with said grade on&nbsp; the label then there seems less to question about the&nbsp; TPGs assessment&nbsp; and objectivity.</p><p>&nbsp;</p><p>Collectors and dealers alike have a responsibility when buying and&nbsp; selling to understand the various grading scales can be applied. They&nbsp; cannot simply defer to the label any more than pay for inaccuracies nor&nbsp; accept inappropriate quality of notes in their collection regardless of&nbsp; what the scale says. When all else fails, as these items cannot always&nbsp; fall neatly into perfect categories, one must trust their own self&nbsp; assessment of the note and understanding of grades, conditions and&nbsp; values. Bid accordingly and buy the note not the label.</p><p><br /></p><p><a href="http://www.pcgscurrency.com/g_scale.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgscurrency.com/g_scale.html" rel="nofollow"> PCGS Currency Grading Scale</a></p><p>&nbsp;<a href="http://www.pmgnotes.com/grading/grading-scale.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pmgnotes.com/grading/grading-scale.asp" rel="nofollow"></a></p><p><a href="http://www.pmgnotes.com/grading/grading-scale.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pmgnotes.com/grading/grading-scale.asp" rel="nofollow">PMG Grading Scale</a>[/QUOTE]</p><p><br /></p>

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