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PMG is the Official Grading Service of the Paper Money Forum
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Rhino89
This might sound like a vague question, but I was hoping to hear what you all thought about grading fees. Especially those of you who collect world notes, rather than US notes (the average US note that gets posted seems to probably be worth quite a bit more than the average world note, but maybe that's just my impression).

At $40 a note for example for the average submission via economy, it has been hard for me to justify getting notes graded because the note's value just doesn't seem to justify it. Is there a valuation point where you guys go "if I paid more than X for the note, it's worth grading"? If most of my notes are under $100 a piece, I just struggle to fathom ever grading them, right? Do some of you with larger collections wait to accumulate 50 notes to send a bulk package for half the grading fee per note? Don't get me wrong, I 100% respect the professionals behind the scenes who are taking the time to evaluate these and grade them, I just wish there was a more affordable solution somehow. Or do some of you get notes graded regardless of their value and don't mind the fee?
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HoneyBadger
I usually don’t grade notes under several hundred dollars. With my world banknotes I do grade cheap notes, but that’s largely because some of them are necessary to complete sets. Even still, I try to collect at least 68 EPQ if I can on those lower denominations to make it worth it.
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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Dan Cong
I'm a buy them graded person.  This was $34.00 shipped. Obviously, there might be notes that are not such a commodity so they may not be available pre-graded, but unless they need to be graded to fit into a registry set, I wouldn't bother. I don't really collect extremely expensive notes, so I do not have a lot of raw notes that are not graded, that would benefit from being graded to add more value. The break is probably in the $150- $200 range for things with a strong commercial market that demands grading (i.e. 68-69-70 modern notes need the TPG plastic, where rare national banknotes have the rarity of the note more important than the grade)CANADA 10 DOLLARS ND 2018 P NEW POLYMER GEM UNC PMG 66 EPQ obv.jpg 
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MaineJoe
My grading habit is generally to hold up till I have an amount that justifies a bulk. Not so much "bulk" grading, but a quantity that is large enough, and use economy service. I rarely get too excited to have something graded right away. It is what it is until it gets holdered, then it goes back to it's slot as before.
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Steve in Tampa
Good question. The vast majority of my graded notes were purchased already graded. I don’t compete in any TPG registries and have given away more notes than I’ve sold, so submissions are rare. When I do submit, I use a minimum value of $200 per note. It would cost me a small fortune to submit all of my notes, which I would rather spend on more notes. I look at grading as peace of mind for buyers in sales transactions...a sales aid.
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Scooter1
[QUOTE username=Steve in Tampa userid. I don’t compete in any TPG registries and have given away more notes than I’ve sold

hello , my new best friend 😀
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MaineJoe
Scooter1 wrote:
[QUOTE username=Steve in Tampa userid. I don’t compete in any TPG registries and have given away more notes than I’ve sold

hello , my new best friend 😀


X1 X2 X3 X4..... Need I continue? 😂😂😂😂
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Cody71086
If you want to get notes graded you have to be willing to make the investment. If most of your material is under $100 I would just buy yourself some nice Denly mylars and enjoy them that way. I grade nearly every piece in my collection. Simply for the fact that I like my notes protected (from elements and myself) and if something were to happen to me there would be zero push back if my collection were to be liquidated. For the more expensive stuff I buy it is usually already graded, or I just send it myself. For the less expensive stuff I send them to a dealer friend of mine to include in his bulk submissions. Yeah I have to wait, but it is a lot cheaper. Also you don't just get that kind of relationship with a dealer right out of the gate it has to be earned with them. Dealers rarely send in for the public (coins and currency) because they get tired of daily "Is it done yet?" calls or accusations of swapping out material. A few years ago I sent in a note for somebody and the calls, and hourly status questions drove me nuts. The topper was their refusal to pay until they had the note in hand--it doesn't work that way.

Do don't enticed by cheaper options if you do decide to slab. You get what you pay for.
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Rhino89
Cody71086 wrote:
If you want to get notes graded you have to be willing to make the investment. If most of your material is under $100 I would just buy yourself some nice Denly mylars and enjoy them that way....


Great advice, I appreciate the long reply there with great tidbits. Thanks, Cody. I can definitely see how from the dealer side allowing the public to submit through them can quickly turn into a “no good deed goes unpunished” scenario in terms of the hassle and headache. 
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Cody71086
Always glad to offer help/advice! BTW here is the link to Denly's mylar page in case you didn't have it.  They are universally accepted as the standard.

https://www.denlys.com/inventory/holders.asp
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Springfield
If you want to protect your notes and/or sell them in the future, then certification is a plus.  I have very few raw notes in my collection but in the future they will all be certified by PMG.  
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