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All Forums Category: US Coins and Currency Forums Forum: US Paper Money and Banknotes

Middle Ground Question

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Reeded Edge
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 Posted 08/25/2014  12:37 pm Show Profile   Bookmark this topic Add Reeded Edge to your friends list Get a Link to this Message Number of Subscribers
Good day to all. O.k., so the two main TPG's use "EPQ" and "PPQ" as a quality of paper notation. By the same token, they use "NET" and "APPARENT" when there is an issue, i.e.,"tear","rust","pin-hole","stain" and so on. However, when a note has no "EPQ" or "PPQ" designation, but also isn't dinged with a "NET" or "APPARENT", then what is preventing the note from receiving "EPQ" or "PPQ"? At first I thought "bends" or "creases", but as a quick example, I have a $1 1923 Red Seal graded VF-35 EPQ. And I can clearly see the three folds/creases. So I'm at a loss to understand the middle ground. Thanks much for any thoughts and/or help.
hajduk
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 Posted 08/25/2014  5:38 pm  Show Profile   Bookmark this reply Add hajduk to your friends list Get a Link to this Reply
I think that EPQ or PPQ means that the Paper Quality is " like " original.
These bills were not pressed, ironed or washed.
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jimbucks
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 Posted 08/25/2014  9:21 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
EPQ/PPQ indicates originality. No designation means there is a possibility the note has been pressed or possibly "processed".
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