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PMG is the Official Grading Service of the Paper Money Forum
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stevie wonder
Comedian Stephen Wright once said, "When does mist turn to rain"? My question is when does a PMG 67 turn to PMG 68?
I have from my stamp collecting time a PHIL-A-METER Gauge. It is used to tell the difference between a Flat Press and Rotary Press designs of U.S. regular issue stamps. But, It also is clear plastic and there is a 50mm ruler on it also. So, I put it on top of currency to measure from the LINE around $5 FRN's to the end of the note. So, there are two horizontal and two vertical measurements on each side. Eight measurements altogether. I add the measurements of the two horizontals on the front and if there is a difference that is one number. I take the difference of the verticals on the front and that is one number. So, at the end I have four numbers to add together for the total. Now I do have one PMG 68. The numbers add up to +1mm. I have several PMG 67's and the largest number I have is +3mm. Usually anything above +2 1/2mm one of my four numbers is at least +1mm. Now I do have three PMG 67's of which two are +1/2mm and one is +1mm. Could these be regraded to PMG 68? I called PMG and said I was sending one in because I thought it might be a 68 and I was also adding a note to tell them why I thought it should be a 68. I was told that the note would not necessarily reach the grader. I don't think that is fair. I would sure like to hear some discussion on this. Thanks
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Dan Cong
Front to back registration as well. Centering is not the only criteria, as the supreme court once said, I know it when I see it. 
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MaineJoe
I would have to agree with @Dan Cong. Both front and back have to meet the criteria. You could easily have a 67 that is within mark of going to a 68. But is the back meeting the same criteria as the front?
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larry510
I'm not impressed by any of the recently graded PMG 67's and 68's.  They all look a point overgraded.  A far cry from the old conservative days of PMG when a 68 was rare.
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stevie wonder
The Supreme Court was referring to pornography, which you cannot grade with a ruler. You can grade a note with a ruler.
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jdizzle

You can definitely submit the 67EPQ note in question to PMG under their “ReGrade” service, in which they will take another look at it within the holder and decide if it deserves a higher grade.

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I think the only way they would give the 67EPQ note a 68EPQ grade was if the note was obviously a 68EPQ and they just missed it. If it’s a close call or a borderline 68EPQ, I would be surprised to see it get the higher grade. I don’t think TPGs like to be told they are wrong and will only give the higher grade if it’s obvious. Keep in mind that while predefined criteria is used to determine the grade of a note, it’s still ultimately the opinion of the grader that determines the grade and how they viewed the note while it was in front of them. 

If you include a 68EPQ note with the 67EPQ note, since it wouldn’t be on the submission form as a note that was being submitted for a PMG service, just as a “see why you mis-graded this other note”, it shouldn’t make it to a grader as it’s not part of the order. And even if it did, I’d be afraid that PMG would look at the 68EPQ next to the 67EPQ and downgrade it to a 67EPQ because they look the same.

Forum members have reported notes being submitted to PMG for their ReHolder service only (not a ReGrade), and have had their notes returned with lower grades that the grade they had when they were sent it. Personally, I wouldn’t give them the opportunity to downgrade a 68EPQ to a 67EPQ. 

Just my $0.02...

Enamored with VF-35 and lower grade PPQ/EPQ notes!
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gnat
Steve, as Dan Cong said, PMG uses not only centering, but the "registration" of gront to back. They hold the note up to a light and see how well "centered" the back printing is within the front.

While this may seem no different than measuring the borders, in practice it can be. PCGS-C used centering (like you are doing) for awarding lofty grades. I am unsure what PCGS-B is using.

But, in general, I think Larry is right, PMG is a bit more forgiving in awarding high grades these days. As such, you may just be able to get that bump to 68 you are looking for.
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Steve in Tampa
I also believe that two notes with equally measurable margins and registration might differ in grade from the other by the extent of minor handling exhibited.
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larry510
That's correct.  A PMG grader told me that a 68 has to be free of handling.  A 67 is allowed to have something very minor
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stevie wonder
Gentlemen, I thank you all for your wonderful information. I really appreciate it.  It just shows this is the place to go to get your questions answered.
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mfontes
I would like to add (because everyone knows I am a grading specialist), that the type of note being graded is considered as well.  A new small FRN will be graded differently than a first charter national.  It's understandable that these notes will have different qualities ie. printing type, embossing, cutting (manual vs. machine), age, etc. to consider.  I would expect the TPG to consider this when grading.
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larry510
mfontes is correct.  A modern small size is treated differently than say a pre-1900 large size note.  Something extraordinarily rare in a large size note that's fully original for example may get a bump from what the technical grade should really be.  
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