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PMG is the Official Grading Service of the Paper Money Forum
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jdizzle Show full post »
 
jdizzle

FraudAlert wrote:
Something strange seems to be going in in the vaulted halls of Sarasota. I sent in ten notes recently and 8 of them came back EPQ. Two of them were 25EPQ! I always try to predict beforehand what the graders will slap on the label and only one of the notes, a Richmond note, not of the Virginia kind, was forecast as an EPQ and came back 58EPQ. Pleasantly surprised about the EPQ windfall...I guess.. but wondering if the new holders have inspired some form of over grading. 

My last batch of notes that came back from PMG two weeks ago had quite a few notes that I felt were over-graded by five points. I had most pegged as ideal VF-35EPQ notes based on PMG’s grading scale (although all super nice 35s), but most of those came back with XF-40EPQ grades (pictured). The 34C P-A Narrow I had as an XF-40 with a 50/50 shot at EPQ and that came back XF-45EPQ. There maybe 2-3 in this group that were 50/50 for EPQ (including but the 34C Narrow) and rest were as close to being locks as you can get for mid-range material. Most of these notes are near mirrors of circulation and eye appeal of notes I got back from PMG in November, all of which were 35EPQ (and one 30EPQ).

Maybe I’m too harsh when it comes to note grading these days, but all of these I feel are over-graded by five points, although the EPQ is warranted across the board. I’m not complaining, I was just shocked to see them all
come back XF...not a few, not half, but all...and no 35EPQs. 

7E03E9BC-517F-4DAC-8DA6-D7AF604AA441.jpeg

@Delistamps I felt far less enamored with the XF-Q grades when they first came back and thus have changed the name of the set these notes go into from “Low-Grade PQ” to “Circulated PQ”. But I feel more enamored now as I have a few other tougher notes in that set with 40EPQ grades. ;-) 

Enamored with VF-35 and lower grade PPQ/EPQ notes!
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FraudAlert
Very interesting indeed. it really seems like they are being more liberal with the EPQ designation. Based on your post and my recent results I'd be inclined to send in more asap while their generosity is in full swing. I wonder if it has anything to do with the new holder labels, or perhaps a slowdown in grading revenue due to covid? Like they are enticing us to submit more notes.
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TennisCoach
I believe @FraudAlert and @jdizzle might be onto something here.   I viewed a friend's notes prior to grading, thinking it was all but certain they would come back VF 35, both received 40Q.   I said "consider yourself lucky, because I feel both grades were generous."  Now I am beginning to think if this trend continues it could pose a problem for the hobby.  Do we need to closely inspect notes in the new holders to see if they are truly deserving of a 40Q grade?  Is this some kind of enticement so collectors transfer their notes from the old holders to the new ones?   Are they relaxing the grading standards for prime VF level notes to become XF40Q in the new holders?   When you see an isolated incident you don't think much of it- after all my viewing sample size was 2.  However now I am hearing two more collectors experiencing the same thing.  I know they grade a lot of notes and this sample size is small, but the new holders are pretty recent as well.  If anyone else out there has received a recent batch of notes back from grading~ what are your thoughts on the grades they received? 
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HoneyBadger
Would be nice to see an example of a note someone feels was recently graded too high. Perhaps high resolution scans.
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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VernonPeterson1953
 I purchased this in 2002 and submitted it to PMG in late 2006 after seeing what the premium was in Kvederas Web Handbook, thinking of having it changed into the newer clear holder, would love to see it bump up a point, my luck it would come back a 65 instead...MyWebG-P-Error.jpg  20200602_172305-1.jpg  WebOverprint-Value-ccfopt.jpg 
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jdizzle
 I purchased this in 2002 and submitted it to PMG in late 2006 after seeing what the premium was in Kvederas Web Handbook, thinking of having it changed into the newer clear holder, would love to see it bump up a point, my luck it would come back a 65 instead...  

Very cool note! In my novice opinion, unless there is something that isn’t visible that would cause it to loose EPQ, I highly doubt it would drop below the current grade. 
Enamored with VF-35 and lower grade PPQ/EPQ notes!
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Cody71086
That's not a 2006 holder. That's post 2011 when they added the security pattern around the edges. Is the top edge of the slab trimmed off? If that's the case they *might* make you submit for a regrade and not a reholder since it may be breached. Regardless I think (from scans alone) the grade is accurate and I wouldn't worry.
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MEC2
So what year is this holder? Pre-Industrial Revolution? Does it pre-date the note? Because it SUCKS and is one of the reasons I've always hated PMG holders... nobody should have to look at their notes through this warped, milky mess... and this is color adjusted to get the note to look natural! Without it it looks even worse...

BankNote2732(3).jpg 
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Cody71086
MEC2 wrote:
So what year is this holder? Pre-Industrial Revolution? Does it pre-date the note? Because it SUCKS and is one of the reasons I've always hated PMG holders... nobody should have to look at their notes through this warped, milky mess... and this is color adjusted to get the note to look natural! Without it it looks even worse...
 


That holder is around 2008 when that collection sold. That design is pre-2011 with the flat edges.
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Timmy3939

PMG Has always had amazing Customer Service, its probably the best notable feature in my opinion. I also have had a couple reholders upgrade a point, most of it was the old Smokey Blue Holders from the Glen Jorde Days of PMG. I Just sent in a large group of reholders and i predict at least two of the notes out of the 32 will upgrade. For some odd reason collectors gravitate towards the newer clear plastic then the old blue holders. I think the old blue holders make the note look dark and keeps the colors dull in my opinion.  

Congrats on the Upgrade and the New Plastic 

Andy Timmerman 

KCC 

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High Grade Rarities
Timmy3939 wrote:
PMG Has always had amazing Customer Service, its probably the best notable feature in my opinion.


+1
PMG is totally dialed in! They answer emails and return phone calls immediately. When they tell you something will be done in X amount of time, they don't disappoint. They are a fine tuned machine!
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mebid2much


+1
PMG is totally dialed in! They answer emails and return phone calls immediately. When they tell you something will be done in X amount of time, they don't disappoint. They are a fine tuned machine!

+2. PMG is the best.
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currencytreasures
+3  I will say that PMG is really at the top of their game right now, and have been exceptional over the last several years.  Excellent communication, grading, and turnaround times.  
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VernonPeterson1953
UPDATE; I originally submitted my G-P Block Web overprint on back error to PMG in late 2006,  in 2014  after a 11 year search I finally located the A-F block overprint on back error as I wanted one example each from both the G-P & A-F Blocks (only 2 half sheets having the 3rd print on back error, I submitted that + one of my higher graded Natick overprint errors to PMG before deciding to have PMG place them in a 3 Note Holder... Recently I was offered $1,600 from a collector in Canada for my PMG 66 graded Natick error so I trimmed the holder into single notes & sold the one Natick error in a customized serial numbers census chart... Since my last PMG certification they had changed the holder to a clearer one, and now they updated the label, ~ when I commented above on if the note would bump up or drop a point I didn't think I would have to explain the current slab as PMG assigned the grade in late 2006 (I'm sure if I look hard enough I could locate the submission form...

I also have some other SWEET  Web  Errors, the top note on my profile pic is a complete overprint offset on back error printed on the E-K Block. Click image for larger version - Name: Moved-to-3note-holder.jpg, Views: 31, Size: 181.40 KB Click image for larger version - Name: PMG-3-note-holder01.jpg, Views: 33, Size: 215.04 KB
Click image for larger version - Name: 20181221_163048-1_2(1).jpg, Views: 32, Size: 655.80 KB Click image for larger version - Name: 4 Natick Laminated census notes.jpg, Views: 32, Size: 865.77 KB
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