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<p>[QUOTE=&quot;Numbers, post: 344227, member: 11668&quot;]There&#039;s some historical justification for this, though.&nbsp; Long before TPGs for currency existed, some folks would take old uncut sheets of Fractionals and &quot;sacrifice&quot; some of the notes in order to create a few notes with oversized margins all around.&nbsp; And the resulting notes were generally considered very desirable: the more generous the margins, the better....</p><p><br /></p><p>&#039;Course, Fractional Currency was hand-cut anyway and the margins were often irregular, so you could never be *sure* that these oversized notes hadn&#039;t been issued that way back in the 1860s.&nbsp; So it&#039;s not a perfect parallel to the modern uncut sheets.&nbsp; Still, there&#039;s at least some precedent for considering these oversized notes to be Superb Gems rather than worthless alterations.&nbsp; (And in fairness, it probably does take a certain amount of skill and practice to do the cutting right.)</p><p><br /></p><p>Now, with all of that said, I still wouldn&#039;t pay any sort of premium for these notes myself.&nbsp; My point is only that PCGS probably knows exactly what these notes are, and feels that they deserve the grades they got--and that there are collectors out there who also know exactly what these notes are, and agree with the grading.&nbsp; There&#039;s no &quot;mistake&quot; here, just an odd quirk of the market....[/QUOTE]</p><p><br /></p>

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