Pmg vs. Pcgs

Discussion in 'Paper Money' started by vdbpenny1995, Jan 31, 2012.


Which one is better?

  1. PMG

    2 vote(s)
  2. PCGS

    8 vote(s)
  3. No preference or can't decide

    4 vote(s)
  1. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Hello, I recently talked to Herritage Auctions and was talking about consigning notes for their auctions and they said I couls send them the notes so they could get it graded for me at a discount but they said they are bigger fans of PCGS and not PMG. Personally, I like PMG better and rather have some sent to them (Which we talked about and worked out), they said PCGS is more reliable and better than PMG. Im not a long time Paper currency enthusiast so can some of you more experienced member tell me which one you think is better and why? Thanks!
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  3. krispy

    krispy krispy

    Just some thoughts.

    Consider that when talking to HA that their company may have a contract to use one TPG rather than the other for a better negotiated service rate, which informs their choice of TPG.

    Other than that, this topic comes up with some frequency regarding paper grading, just as it does with coin collectors. You can dig back in older CT threads to see the discussion. It can be a discussion of apples and oranges, as both companies have slightly different sets of grading standards, holders and policies. People will have their preferences for various reasons so don't be surprised if the poll tells you nothing and written input ends up merely highlighting an individual's experience with one TPG more than the other. Some people would swear that one holder brings more money in resale than does the other, but that's too general of reasoning. I think it's important to consider what is it about the note in the holder? Is it rare and pricey with very few financially capable buyers, is it a common note with very little market demand, a common note with a lot of demand for the Series, a pricey note but not a rare Series, and what of the notes condition...? Mainly there are not really two notes alike that meets every collector's interests and demands, even though grading populations may report more than one of the same grade.

    I'd suggest being wary of responses to this thread question as it can quickly become a divided discussion over personal preferences. It sounds like you have your mind made up, you have solid reasons and you have done the right thing when dealing with the auction company, by specially requesting what you wanted done with your notes, so long as that is what you wanted.

    One reason why I might submit notes of my own to PMG rather than PCGS first, is that I am an ANA member. Therefore, I don't have to pay membership fees to PMG to submit notes. They also allow me to use their registry system online. However, I believe that I own more notes in PCGS holders than I have in PMG holders. I don't personally pursue one TPGs graded notes over the other, it's more important that I agree with the grade the note was given, that should properly match descriptions on their grading scale. And if they don't match, and I want the note, I must bid accordingly.
  4. dannic113

    dannic113 Member

    It's hair splitting. Ever take a look at a CDN and see certified coin market indicator? It shows percentages of high low and average bid prices that certified coins from 7 or 8 TPG's achieve compared to the CDN coin seen grading prices. However many look at that number and use it to determine market share. In other words the higher or lower a grader is percent wise to the CDN prices the public preceives it as that company is better or more trustworthy in regard to not only the grades but also how much they can get for the numismatic item at a later date. Same goes for PMG (ngc's note grader) or PCGS. Truth of the matter is none of it really matters as most times NGC/PMG and PCGS are even or +/-1% of each other. I have both PCGS and PMG notes and find that the PMG the asthetics of the item fonts and boarders are more eye pleasing but the font of the grade and epq etc. attributes are better from PCGS. It comes down to personal preferrence or as krispy says the monitary motivations. Also the last time I looked (a while back) Stack's auctions seemed to have a boat load more of PMG than PCGS so that could also explain HA's love of PCGS.
  5. clayirving

    clayirving Supporter**

    Krispy writes:

    I thought that I had more PCGS graded notes, but I never really counted until your message made me curious. This is my ratio of graded notes:


  6. Dr Kegg

    Dr Kegg Star Note Fanatic

    While I prefer PMG based mostly on the holder, the majority of my purchased graded notes are PCGS. If I could piggyback on someone's submission to PMG instead of PCGS, I definitely would.
  7. krispy

    krispy krispy

    $28/year membership fee to the ANA and you get a ton of benefits, and ability as an associate member to submit to PMG, NCS and NGC, the later two if you also happen to have any coins to submit. The ANA publication The Numismatist often has articles on paper money as well, archives of the pub are online back to 2009 for members to access.
  8. Dr Kegg

    Dr Kegg Star Note Fanatic

    I looked into joining, but I'm not a fan of paying a membership fee and then a submission fee on top of that just to submit notes. I'd rather piggyback off of my local coin dealer's submissions and just pay per note. But thanks for the additional info krispy! :)
  9. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    Totally personal preference but PMG for me.
    Not a big preference either.
    They are both good by me.
  10. krispy

    krispy krispy

    I understand where you are coming from. I felt that when broken down the ANA membership fee of $28/year was an incredibly nominal amount for gaining submission rights to multiple TPGs, and that eliminates placing trust in and waiting for a dealers submission to go in and return, as well as any mix ups that could happen with your notes while in a third parties possession. I did consider reasons beyond why $28 seemed so nominal, to me, because ANA does offer a lot more than just their magazine, when you run down the list of discounts for other businesses like collection insurance, car rental, discount entrance to ANA numismatic conventions, etc. Considering the prices we pay for some of the notes we collect, $28 is peanuts! $2.33/month. Sellers on eBay charge more than that for just shipping a note to you sometimes. :D
  11. Dr Kegg

    Dr Kegg Star Note Fanatic

    Hahaha, thanks for putting it that way. Although $28 will most likely force me to live in poverty for a few months and eat Ramen for every meal, I might just look into it now. hahaha. Seriously, I might just do that as a birthday gift for myself next month. :)
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