The grading standards used by the two firms will be already familiar to collectors. “The market-based grading standards developed by PCGS Currency more than a decade ago are the standards of the industry, and they are closely aligned with the grading guidelines of the International Bank Note Society (IBNS) which most world collectors have used for decades” says Mr. Sanz. “Paper money collectors and dealers around the world are comfortable with these standards, and the consistent and accurate application of these grading principles is the primary focus of our partnership. Anyone who buys or sells paper money will be able to trust that the entire combined expertise of our two companies comes together in the evaluation of every note that we grade.” The PCGS standards are anything but closely aligned to the PCGS standards. Mr. Sanz, a frequent poster on the IBNS discussion board, should be aware that collectors outside the US frequently ridicule the grading standards employed by the US TPGs.