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<p>[QUOTE=&quot;techwriter, post: 2221512, member: 75477&quot;]<b>From the PCGS Grading Standards :</b></p><p>To distinguish notes that bear all the hallmarks of complete originality and outstanding paper quality for the grade, we will affix a “PPQ” (Premium Paper Quality) designation to the grade (e.g.: “Gem New 65PPQ”). These are notes that bear no visible evidence of restoration and that retain all signs of fully original paper quality, such as paper wave, embossing, and bold ink color and eye appeal. “PPQ” notes should also have above average paper for the grade that is free of defects such as tears, pinholes, or other problems. This is not done to penalize those notes that are not fully original, as many are very collectible and highly valuable. Instead, this system is designed to <i>reward</i> those notes, both circulated and New, that possess premium paper quality and complete originality. It should be understood that even though a note may be fully original and free of any restoration, it still might not qualify for the “PPQ” designation.</p><p>&nbsp;</p><p><b>From the PMG Grading Standards:</b></p><p><i>In addition to the 70-point numerical grading scale, PMG uses several designations to give an additional description to select notes. These designations are</i> Exceptional Paper Quality (EPQ), <i>the</i> PMG Star (<img src="http://www.pmgnotes.com/images/pc_star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />) Designation <i>and</i> NET.</p><p><br /></p><p>EPQ An Exceptional Paper Quality (EPQ) note is, in the opinion of PMG graders, completely original. EPQ notes will not have been physically, chemically, or materially processed to give the appearance of a higher grade. Notes exhibiting normal wear-and-tear for their grade are eligible. All notes graded <i>Very Fine</i> 25 and higher will be evaluated for the EPQ designation. Notes must qualify for the EPQ designation to grade Gem Uncirculated 65 and higher.[/QUOTE]</p><p><br /></p>

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