Discussion in 'Paper Money' started by ldhair, Nov 19, 2023.
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@Dynoking and don't use grading services.
I think folding a note 4 times would do it.
They even have the right size holders for the larger CSA Notes.
As many as it takes. Down with grading services! I'm not poking fun at your post, but I think you and the other smarter people here on CT get it.
That applies to any business, I'd say.
I don't have a preference but I do want to mention that the current PCGS Banknotes doesn't recognize notes graded by the old PCGS Currency.
I am not very good with multi-letter acronyms. And even worse with TPG's....
Well of course they don't. PCGS Currency was licensed to use the PCGS name for about a decade, after PCGS stopped their initial note grading service.
When the license ran out, they closed down PCGS Currency and opened Legacy Currency Grading (https://legacygrading.com/). As they do not have rights to the "PCGS" name any more, they've carefully not mentioned the prior company except:
"Legacy Currency Grading is an experienced and accurate grader in third party collectible paper money grading and authentication, grading more than 1,000,000 notes since 2005."
Shortly after PCGS Currency closed down, Collector's Universe opened PCGS Banknote (https://www.pcgs.com/banknote) in January 2020 (https://www.pcgs.com/news/pcgs-banknote-accepting-paper-money-submissions).
So, if you have a Legacy rated note it was graded by the same experts who graded the PCGS Currency items? And that means you can trust the grade?
I thought that was a very good answer. Nice you showed the photos also.
Thanks and I have lots more graded by PCGS and PMG.
There you go, I knew somebody would fill in the details. I only mention it since the PCGS Currency graded notes seem to trade on par with PCGS Banknote and PMG. But perhaps they should not. Or should Legacy graded notes trade the same way? Not sure of the answer but it's worth a conversation.
Arguably it's the same people, so if you liked their grading before, you like it now, with an improved holder.
"A rose, by any other name, would smell as sweet"
Substitute "World notes" for "U.S. notes" & I feel like Steve. But I actually prefer another TPG (BCS) for Canadian currency. I like that PMG has had a less checkered history (than PCGS & their offshoots) & their site has a registry, etc.
It also boils down to "buy the note, not the holder." Collectors still need to learn how to grade (or assess a note's condition): buying certified notes shouldn't absolve you of that responsibility.
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