1934 $1000 FRN (F-2211j) - Page 2 - Coin Community Forum

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Author	Replies: 20 / Views: 3,338	Page: of 2

biggfredd Rest in Peace United States 9104 Posts	Posted 01/19/2012 10:35 pm Quote: So apparently this bill would grade VF20 if not for the stains, rips, tears, pin holes and the burned corner that has been taped? Yeah, and CU65 if it had never been folded, creased, dirtied... Quote: VF: An attractive note [we can stop right there], but with more evidence of handling and wear. May have a number of folds both horizontally and vertically. Paper may have minimal [!] dirt, or possible color smudging. Paper itself is still relatively crisp [like where it's burnt to a crisp?] and not floppy. There are no tears into the border area [!], although the edges do show slight wear. [!] Corners also show wear, but not full rounding. [three corners completely gone] Fine: Tears may not extend into the design. [!] VG: ...tiny nicks, tears may extend into the design... Good: No large pieces of the note may be missing [!] Fair: Large pieces may be half torn off or missing... Poor: May have tape holding pieces of the note together. --Std Cat, page 2. This is the ultimate example of market grading. New Mexico is one of the toughest states, so rather than grade the note poor, which it is, they grade it vf to indicate it should bring vf money. A big problem with that is we now know we can't trust a vf note to be better than poor condition. Smaller problems: Anyone who knows absolutely nothing about paper money scarcity isn't going to understand market grading, either, so they're not helping neophytes. Anyone even vaguely familiar with nationals knows this is a rare note, and doesn't need any "help" determining its value. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 01/19/2012 10:39 pm Quote: "Wow! Very Fine 20 Apparent - and, what does Apparent mean in regards to the grade?" Not difficult, really, what do you call a child who has a pparent? Report this Post to the Staff
dave700x Rest in Peace United States 10625 Posts	Posted 01/20/2012 4:41 pm The Bill Collector - You did not detect the sarcasm in my reply. I should have followed it with a I totally agree this was a flub by PCGS. Report this Post to the Staff
The Bill Collector Valued Member United States 486 Posts	Posted 01/20/2012 5:26 pm "The Bill Collector - You did not detect the sarcasm in my reply. I should have followed it with a I totally agree this was a flub by PCGS" Now I understand Dave, but it's a shame the way some of theses TPG's try an change what a notes grade really is, and then want to get paid as "experts". Now it seems that they have "invented" a new way to grade, if I understand what biggfredd is saying, they now have "market grading", that's a new one for me. I'm guessing the way it works is if a note is somewhat "rare" it gets a higher grade no matter what the real condition of the note or paper is. I'm so thankful that I learned to grade for myself and I don't need guys like them. Things like this can not be good for a beginning currency collector. Regards The Bill Collector Edited by The Bill Collector 01/20/2012 5:29 pm Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 01/22/2012 11:08 am Quote: Now it seems that they have "invented" a new way to grade, if I understand what biggfredd is saying, they now have "market grading", that's a new one for me. It stared with slobbed coins. Here's an au58 coin that is so attractive that it should bring a ms63 price, so rather than grade it correctly and let the market price it, they grade it ms63. Report this Post to the Staff
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