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 Replies: 8 / Views: 1,508 |
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Pillar of the Community
United States
959 Posts |
Hi All;
Is a PCGS grading of NEW 60 just an older type of grade on US currency?
I had not seen this term used before.
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Valued Member
United States
207 Posts |
Hi mfhorn,
No I believe this term is still used. I have a few notes in "New" grade. Just means your note is uncirculated but the margins will be off-centered.
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Valued Member
United States
212 Posts |
Here is their official standard for NEW 60:
New 60
A "60" note will remain strictly uncirculated with absolutely no folds or bends that extend into the design. Notes at this grade level typically will have one or more significant faults that detract from the note's appearance, such as slight loss of color, paper toning, minor foxing, two or more corner folds, flat and lifeless paper, pinholes, or a small staining spot or two. Any note with a major problem will be placed into a PCGS Currency "Apparent" grade holder with the problem described. A note in this grade will be generally unattractive, although it will technically be New or "uncirculated".
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Pillar of the Community
 United States
959 Posts |
Thanks Guys....... The note in question does have two small stains, but other than that, looks nice. I admit it doesn't have the color that jumps out, but it it not priced in the hundreds either. The stains are not even noted, nor the word "apparent". http://www.ebay.com/itm/26118096532....m1497.l2649 |
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Valued Member
United States
207 Posts |
Mfhorn, Looking at that $50 it seems like without those two little stains, the note might have graded 63 or 64 choice UNC, Not sure if it would have made Gem but that would have been generous for a note such as that.
Still it is a nice '34 $50 FRN, I got a few of those from the Chicago district also.
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Pillar of the Community
United States
959 Posts |
Thanks Woodford. Am putting together the 1928 and 1934 series, and just wanted a nice example without breaking the bank. It seems the $50's are more pricey than the $100's.
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Valued Member
United States
137 Posts |
I have had 60, 61, and 62 grades. They aren't used frequently but they are out there. It doesn't have anything to do with centering though.
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Valued Member
United States
207 Posts |
Nationals, quote from the PCGS grading scale for New 61 and 62 grades:
New 62
A note at this grade level will remain fully New with no folds or bends through the design, but a couple of corner folds that do not reach into the design may be present. Counting crinkles and handling marks are acceptable, as long as they are not overly distracting. A partial bend or pinch that does not extend through the entire width of the note may cause it to be designated a "62" or lower. A note with severe centering problems may fall into this grade, as may notes with flat paper surfaces or minor paper toning.
New 61
Most notes that fall into this grade will do so because of a combination of faults, some of which may be severe. Corner folds (not into the design) may be present, as may signs of paper toning, handling, counting marks, smudges, pinholes, or other problems. A "61" will typically either be poorly centered with other minor faults, or will be a technically New note with no folds but that has a combination of minor faults that prevent a higher grade.
Grades in New do have to do with centering issues.
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Valued Member
United States
137 Posts |
Thanks for the clarification Woodford. I was specifically referring to the 60 grade. The way I understand it, centering is not a factor there.
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Replies: 8 / Views: 1,508 |
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Posted 03/08/2013 3:57 pm
