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PMG is the Official Grading Service of the Paper Money Forum
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jdizzle
Does anyone know what “UL” means on the back of a PMG holder? I’ve never seen this before and curious what it means. Thanks in advance! 63BD624F-1188-40F2-86CA-AFAE15A35F65.jpeg 
Enamored with VF-35 and lower grade PPQ/EPQ notes!
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MaineJoe
"U Lucky"?  Haha! Sorry had to do it. It is odd to me, never seen that before.
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HoneyBadger
UL Listed?
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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Steve in Tampa
It typically means Upper Left...
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jdizzle
It typically means Upper Left...
That was my thought as well, but the note received a 58EPQ grade and there’s no reference to anything being in the UL part of the note...nor is there anything of any significance in the UL areas. The PMG Cert verification lists it as well after that EPQ designation.
3D6006FD-8B26-4A8E-AC3A-DD36A0462ACC.jpeg 
Enamored with VF-35 and lower grade PPQ/EPQ notes!
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Steve in Tampa
Time to call or email Jennifer at PMG...
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synchr
Is that the start of Foxing ? 
But with an EPQ designator too?
puzzling ....
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Numbersman
Huh,........I've never seen that.
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Cody71086
Probably reference a counting mark or possible bend at the UL. I remember PMG used to be really hard on counting marks. However, I don't handle many unc notes so I don't know if that still applies with them.
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jdizzle
Good call @Cody71086...Jennifer just responded to my email with the following:

This is something we no longer list on the label.  It would mean that there is a fold in the upper left portion of the note.   If you want to send that in to us we can reholder that and remove that notation since that is no longer used.

Thanks to everyone who responded! 
Enamored with VF-35 and lower grade PPQ/EPQ notes!
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EarlySmallSizeFanatic
Upper Limit. ðŸ˜
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Cody71086
It's a graders note meant to be erased before the labels are printed. We had them at PCGS-C. If they weren't erased they would show up in the apparent line. Some times we would write jokes in them and you REALLY made sure you erased them 😉
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larry510
Definitely haven't seen that before and definitely wasn't supposed to be there
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purduenut
However, equally maddening is the comment "Minor Repair" or "Minor Tear" which, without a hint as to what or where, can sometimes simply be impossible to locate through the holder which can camouflage a lot of small problems. 
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YoungCollector
purduenut wrote:
However, equally maddening is the comment "Minor Repair" or "Minor Tear" which, without a hint as to what or where, can sometimes simply be impossible to locate through the holder which can camouflage a lot of small problems. 


And don't forget the inevitable auction description:  "PMG notes minor repairs, however we are unable to locate them on this seemingly pristine note"
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slasher
It's the auction cataloger's job to write up the description like that.........that's how you help to try and get more money for the consignor and keep everyone happy.
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