The vast majority of my notes are raw. When I first started dabbling in paper money there were NO TPGs. I sold on ebay at the time and think I may have listed ONE note as a Gem due to embossing, color and centering. Bet that note would have garnered a 66 EPQ or higher. I kind of miss those days just as so many coin collectors miss those days. I sent a few modern notes to PCGS some time ago. Marked differences in my opinion and consecutive notes to boot. Both came back as MS66. One would go as 66 I reckon but the other no better than 64. I think the TPGs have a long way to go so I'm going to go back to the old adage used SO frequently amongst coin collectors. BUY THE NOTE. NOT THE HOLDER. JMHO
I have had the old margin discussion with TPG's until I feel like screaming. Often times it seems like talking in circles. First of all the scan or pic of the note in the PCGS 67 holder looks like the note is pregnant with the bulging sides. The PMG image looks a little more representative. In any event the right margin appears about 50% larger than the left. I have great respect for both TPG's but I have had absolute pristine notes with new embossing come back at CU64 due to margins that were not quite as "off" as this example. IMHO, the continued inconsistency of margin grading take aways (or lack of) should probably be addressed once and for all. If this note was in a CGX holder at a 67 I would just say "so what else is new". Must have been submitted by Ahmet, "the Spin man" (JVS), Michael A, Jack, etc..... So Brian to your point. I think that PMG and PCGS graded stuff will generally mirror each other. If the example you posted is otherwise pristine, I would have hung a 64 on it due the margins.