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 Replies: 48 / Views: 9,455 |
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Bedrock of the Community
United States
94367 Posts |
As I say, the whole high grade TPG-graded notes arena is wide-open. Lots of players here. CGA notes may trade at a discount to their grade, but believe me they trade.
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Valued Member
 United States
77 Posts |
Coinfrog I agree. I'm not trying to bash one company or another. Just bringing awareness. As far as price goes in the lgs star note, I paid $1000. I sold for $1150. Then someone sent to CGA. The estimate on the lot is $1000-$1300. By the time they pay the commission, they are going to need $1400 or so just to break even
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Valued Member
United States
77 Posts |
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Valued Member
United States
77 Posts |
I personally prefer PMG, but on rare occasion (3 times) I have bought CGA. This note in particular was graded CGA 25. I cut out and sent in to PMG. Came back 30 EPQ. Not an extremely rare note, but proving that you can't judge a book by it's cover
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New Member
Nigeria
1 Posts |
Coin market has crashed, what do we do
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Bedrock of the Community
 United States
12845 Posts |
This thread is definitely educational and making me think twice about shelling out the bucks for a 67 now.  |
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Pillar of the Community
United States
1285 Posts |
Buy the NOTE and not the holder!
Learn to grade for yourself; be critical. Be certain there are return privileges when buying online; in person also whenever possible.
Edited by techwriter
07/11/2017 4:03 pm
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Bedrock of the Community
United States
94367 Posts |
Absolutely right.
As I've said before, I think CGA over its long history has done a very good job identifying uncirculated notes and paper quality, and that its shortfall has usually been assigning a numerical grade a point or so higher than PMG/PCGS for equivalent centering.
It's this discrepancy that creates so many opportunities for "arbitrage" if you will, and why CGA notes have always been appealing to me as a dealer. I have bought, resold or cut out many of them over the last 20 years.
Reselling PMG/PCGS notes for a profit is pretty tough in the short term. With CGA notes, the risks are higher, but if you have a good eye, the rewards are higher yet.
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Valued Member
United States
77 Posts |
Celticknot you hit the nail on the head. Unless the CGA note is substantially less I would be very wary of shelling out big bucks. One of the other two CGA notes I had was graded a CGA 58. I sent in to PMG, it came back a 50. I would say most of there notes are over graded 8-10 points, and they dealers I know have also stated the same feelings
Edited by Lincoln28
07/12/2017 5:35 pm
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Valued Member
Australia
145 Posts |
Would like to here members opinion about which TPG banknote grading service is the toughest on grading...PCGS Currency...PMG..Or PCGS. |
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Pillar of the Community
United States
7627 Posts |
I think PCGS Currency is toughest based on my submission results. Other members may have a different opinion.
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Bedrock of the Community
United States
94367 Posts |
You can argue until the cows come home on this one. Personally, I think PMG (NGC) does a more consistent job than PCGS, plus they will not assign a 65 or higher grade without the note having PQ paper, whereas PCGS will - which I think is just plain wrong. Just my angle.
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Pillar of the Community
United States
1375 Posts |
Quote:
... they will not assign a 65 or higher grade without the note having PQ paper... Although they say this is their current practice, it hasn't been in the past. A quick check on ebay will find several notes (like this one) that are graded by PMG as 66 without any paper quality designation. Edited by BadDog
01/14/2018 5:57 pm
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Pillar of the Community
United States
4637 Posts |
I'd be willing to bet that the SC Ace fell between the cracks, and if submitted for reholdering would come back 66EPQ.
Some of the early PMG notes didn't have the EPQ designation on the front of the holder, and you had to flip it over and read Exceptional Paper Quality on the back of the holder.
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Pillar of the Community
United States
655 Posts |
As a frequent shopper, I've found PMG and PCGS to be virtually the same. But that doesn't mean I understand how they determine many of the grades. Sure, I know the basics about creases and centering but so many times a beautiful, perfectly centered, crisp white bill will be housed in a 45 EPQ holder or with a choice AU designation. I can't really tell why but I do trust, with their special lab equipment, that they're checking the bill with all kinds of different lighting and other tests to arrive at their final grade. It's not so easy with currency to see subtle differences, as it is with coins.
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Replies: 48 / Views: 9,455 |
First Page
Posted 07/10/2017 10:22 pm
