What grade is this note?

Discussion in 'Paper Money' started by desiboyee, Jun 4, 2022.

  1. desiboyee

    desiboyee New Member

    I am hoping to purchase this note but not sure about the grading. Seller has only listed it as "low grade". If I buy this note and send it in for professional grading at PMG, what you think it would be? PMG 15 or less is my guess but I am a novice and not sure. This note has a big hole but otherwise in decent condition. I have seen some PMG 15 or lower grade notes online that are much more worn. Any help would be really appreciated :)

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  3. kanga

    kanga 65 Year Collector

    If it weren't for the hole it would probably grade VF.
    I don't know if there's such a thing as a DETAILS grade on currency.
    Notaphylic_C likes this.
  4. Michael K

    Michael K Well-Known Member

    The hole probably lowers it a lot. See what Steve in Tampa says.
    Without the hole it could be 25-30? Besides being folded down the middle there are other areas, that seem to be partially restored creases, etc.
  5. desiboyee

    desiboyee New Member

    I agree VF if no hole but the hole is the whole issue.
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    Pass on it. Not worth the price to buy or grade it.
  7. SteveInTampa

    SteveInTampa Always Learning

    Cool note. It’s unfortunate about the hole. It appears to be a VF. I like the fact that the serial numbers are printed on both sides. This example sold for $24K in 2020.

    A354E5F7-9E29-463D-8834-43D17E3A70B6.jpeg DBA91F7C-77DE-402B-9B66-1A6CACFC1794.jpeg 16DDD24E-DE8A-4079-A79F-ABFA14B14CDF.jpeg
    Last edited: Jun 5, 2022
  8. Notaphylic_C

    Notaphylic_C Well-Known Member

    I attended a grading workshop by a pretty upstanding paper certifier in this area & he said (a few times) you grade the overall note and then identify the issue. The issue doesn't take your # down but they are like NET notes. (It has a stigma attached to it). So, as Steve (& others) have pointed out its probably VF20 or even VF25 (b/c the paper is pretty good) but with a "hole" or "part missing" issue (& of course non EPQ). The paper is discoloured so it would have lost its EPQ even without the hole/missing piece. But if the missing piece was there it would be a much better purchase. However, with a hole that size, it will be a deal-breaker for a LOT of collectors as are most issues (& NET notes). It certainly takes away almost any eye appeal the note would have had so it will be a very tough sell down the road.
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    For me, I look for attractive examples that
    hole in the middle is a major distraction
    and would affect the over all desirability
    of the note.
  10. desiboyee

    desiboyee New Member

    I appreciate all the help. I cant afford this note if the hole was not there and not sure I want to buy despite a reasonable-priced rare note given the big defect.
  11. element159

    element159 New Member

    I don't know how it would technically grade, but I wouldn't be so quick to give up on it, just because it has issues. The design is cool, I personally have always wanted one, and the important part of the design (at least to me), the Kaiser, is just fine, and the rest of the note besides the hole has no major issues. It is certainly imperfect, but (at least for me), I could not afford the $24K example that Steve posted, so I personally would consider it.

    The question to ask yourself: When looking at the note, is your first thought:
    1) That is a cool looking Kaiser, or
    2) That is an ugly looking hole.
    If the answer is 2, then forget it. But if the answer is 1, then it could be for you. My personal thought on seeing your scan was 1.

    Somehow I doubt you would have too much trouble selling it. It is a cool design, some collector will want it, though of course the price will suffer.
  12. Searcher64

    Searcher64 Member

    I wonder if the paper had a hole before the printing. If so, then it's not a printing process-made defect, but a paper defect before the printing. The reason I say this, is that the hole is not cermeritical and I lean to the production on when the paper was manufactured. I was a printer at one time and have seen defects in our papers.
    Last edited: Jun 13, 2022
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