Questions about paper money grading

Discussion in 'Paper Money' started by muhfff, May 29, 2023.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    First if your going to grade paper PMG
    is the only top tier company left, the
    old PCGS ( collectors universe ) green
    label was number 1 until the owner
    ran it in to the ground !
    Lots of money was lost as there was
    no population figures to support the

    Another thing to consider is grading can
    be very subjective, if your looking at
    a high quality note or any type good
    boarders ( even all around ) is always
    a great place to start :)
    muhfff and SensibleSal66 like this.
  4. johnmilton

    johnmilton Well-Known Member

    I have a collection of Confederate paper money by the type numbers that will never be complete. I look at the note and decide if I like it. Bright colors, decent centering for the given variety and the absence of stains are big for me. I know the number of folds is a big issue, but I'm more concerned if I like it.

    You can get high grade examples of the 1863 and 1864 issue notes if you are willing to pay for them. The 1861 notes are another story. For some of them, VF is as good as you are going to get unless you want to mortgage the house and be in the right place to buy them.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    There’s nothing like collecting civil war
    era notes, there’s lots of fakes out there
    though so being very knowledgeable is
    key, TPG authentication would be a plus
    to :)
  6. johnmilton

    johnmilton Well-Known Member

    Yes, the pieces that I will collect in the future will be certified. I had five raw pieces graded. One, the most expensive piece by far, was graded higher than I thought it would be, one was a notch below and the other three were what I expected. Getting those pieces graded was expensive and time consuming - three months or more.
    mpcusa likes this.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I would recommend PMG as they are the most respected and have been around
    the longest.
  8. Hommer

    Hommer Curator of Semi Precious Coinage Supporter

    The EPQ/PPQ designations are as @SteveInTampa said, not having the designation implies the paper has suffered alterations from original. You can have an absolutely perfect note as far as print and centering go with absolutely no wear but moisture has caused the fibers to swell and the swelling has affected the embossing. Pressing a note also has a detrimental effect on paper quality.
    muhfff likes this.
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