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<p>[QUOTE=&quot;clembo, post: 566483, member: 8033&quot;]As with coins grading notes is subjective and TPGs and their graders will look at every note differently.</p><p><br /></p><p>Now we know coin TPGs have been over run with &quot;garbage graders&quot; - those that over grade everything for profit basically.</p><p>It&#039;s starting to show in paper money as well.</p><p><br /></p><p>NOW, having talked to a few &quot;local&quot; experts in the past few weeks at work I&#039;ve seen a bigger problem. Use of the MS scale does not translate real well into paper as there are really no set paramaters when one gets down to it.</p><p><br /></p><p>What makes a note a 63 or 65? Depends on who looks at it and what paramaters THEY are using.</p><p><br /></p><p>Example: We recently bought a fairly common large size $5 note at the shop. Clean and crisp, nice paper quality but with 3 heavy folds and probably the only three it has ever seen. I told my coworker VF30. Sorry but the folds knocked it down.</p><p><br /></p><p>A man I respect came into the shop to peruse some notes (he&#039;s a dealer) so I asked him about it. He noted (bad pun) the same things I did but said it would easily go XF. He also bought it.</p><p>His reasoning was that the note was very clean (which it was), crisp (ditto) and great color as well.</p><p>My reasoning was that the folds were heavy enough to start breaking the paper hence a lower grade.</p><p>Who&#039;s right here? I can&#039;t say but it was a learning experience for me.</p><p><br /></p><p>My boss tends to toss paper money my way for opinions on grading. Usually, it seems, I&#039;m real tough. Had some consecutive 1928 $2 notes come in one day and he bought them. He asked me to pick the best for slabbing so I did.</p><p>I could &quot;feel&quot; the ripple and did not think it was natural wave. Figured AU58. We sent it in and it came back MS64EPQ from PNG.</p><p><br /></p><p>Conversely, I just got a few notes back from PCGS (first I&#039;ve ever slabbed actually). The two modern notes came back very high. MUCH higher than I would have expected while my 1928F red seal $5 star note came back as XF40. I always pegged that note as AU or just under.</p><p><br /></p><p>So, </p><p>I&#039;m rambling but the bottom line is there needs to be better set standards for grading paper and THEN there needs to be a few reputable and consistent companies to perform the grading.</p><p><br /></p><p>I haven&#039;t seen it so far.[/QUOTE]</p><p><br /></p>

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