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 Replies: 20 / Views: 6,412 |
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New Member
United States
9 Posts |
I have a q, if you submit what to appears to be a new perfect looking note for certification, and it comes back with a
Unexpectedly lower grade, like about new-53,are you better off removing it from the holder and selling it uncertified?
*** Moved by Staff to a more appropriate forum. ***
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Rest in Peace
United States
18456 Posts |
 I'm not a currency collector. But my advice to you is NO. |
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Pillar of the Community
United States
932 Posts |
 NO |
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Pillar of the Community
United States
7621 Posts |
WELCOME to the forum with a very good question! There are two ways to look at this situation in my opinion. If in your judgement you think the grade is higher than what you received from the TPG company then that is your opinion against their opinion. Cut it out of the holder and put it in your album and enjoy it for years to come or leave it in the holder and enjoy it for years to come....it's your note and your choice. On the other hand, if you want to sell the note and deliberately remove it from the TPG holder and try to pass it off as something it isn't, then that becomes the dreaded ethics issue. Some coin and currency dealers crack coins and currency out of holders and try to pass them off raw to unsuspecting buyers. Those that do this stuff are usually well known to the community (brick and mortar as well as Internet) and have reputations that aren't so stellar. Rare coins (and more and more currency) that are not in TPG holders are not in holders for a reason. Sometimes that reason is because it didn't grade what the submitting dealer thought it should be. You develop a reputation over time and as J R Ewing once said "once you give up integrity, the rest is a piece of cake!" Enjoy your note as you see fit, but if you sell it be upfront about it's history. Good luck! |
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New Member
 United States
9 Posts |
Western sky, you've made some good points, I also thought about the honesty issue. It is a chief note that was marked as uncirculated,crisp 60. I mean it's a tiny bit off center, but other than that it appears brand new. Anyway I'm not going to sell it,
I doubt I'll even break even. Thanks for comments
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Bedrock of the Community
United States
94367 Posts |
I've been collecting paper money for a long time. Many notes I bought 30 years ago as CU have come back from the TPGs as 55PPQ or the like. Fortunately, I paid so little back then that it doesn't matter. I continue to learn, but I wonder if I'm really that much better at grading "nearly insignificant" handling than I used to be. Centering, embossing, and paper originality, I'm pretty good at - but beyond that, you roll the dice on a raw submission. It's important to remember that every paper note has a fingerprint - its serial number. Once it's been to a TPG, the original grade is known, unlike with a coin. Bottom line, at today's prices, I would never buy a raw Chief, Bison, or Battleship (etc) listed as CU in any grade. The odds are just too long.  |
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Bedrock of the Community
United States
94367 Posts |
And by the way -  |
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Bedrock of the Community
United States
17884 Posts |
Quote:On the other hand, if you want to sell the note and deliberately remove it from the TPG holder and try to pass it off as something it isn't, then that becomes the dreaded ethics issue. What if you deliberately remove it and sell it for what you think is really is? It is still just your opinion against theirs. We all know sometimes the TPG's are wrong. If they blow a grade and call it lower than what it really is does that mean it can never again be sold at it's real grade but must forever more be sold at the wrong grade? If you think the grade is too low I don't see anything ethically wrong with cracking and selling it at the higher grade. (Believing the grade is RIGHT then cracking and selling at a higher grade IS ethically dishonest) Edited by Conder101
10/09/2015 11:38 pm
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Pillar of the Community
United States
7621 Posts |
Webracer... If you know the dealer well that you bought the note from you should inform him of the TPG results. He might (big might!) offer you some sort of refund (or credit) between "53" and "60" to "make things right". It never hurts to ask. Just for curiosity sake could you post front and back pics of the note in question? Maybe we can see what the TPG company sees. (We also like to see nice Chiefs, anyway! If you wish to keep the note pedigree anonymous I recommend masking over the serial numbers and not showing the TPG label) By the way, I just got back from the Crazy Horse Monument and Native museum in South Dakota and they have a nice mid-grade $5 Chief on display in one of their exhibit cases. Thx! |
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New Member
United States
9 Posts |
Good idea I will post a scan of it, as soon as I figure out how to do it. I'm new at this posting site. Thanks for all of your comments
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Moderator
 United States
14463 Posts |
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New Member
United States
9 Posts |
I can't get the camera icon to appear to upload the scam, can I email the scan to someone who can do it for me
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Moderator
United States
14463 Posts |
Click on "Reply to Topic", not the quick reply. Below the box for entering text is the camera icon, or you can click "Upload Image"
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New Member
United States
9 Posts |
It said my image uploaded, but I don't see it yet, thanks for all your help  Edited by Webracer
10/10/2015 04:46 am
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Moderator
United States
14463 Posts |
If it was uploaded: you should be able to click on the "Edit Post" icon (paper with pencil), then click "Upload Image".
On the popup window, click on "My Previously Upload Files". This will show all images that you have uploaded.
Click "Insert" beside the image, to include it in the post you are editing or creating. Close that popup window, and the image coding should be in your post.
Then click "Post Changes"
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New Member
United States
9 Posts |
Finally, thanks for all your help And patience ,
Also good point conder101
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Replies: 20 / Views: 6,412 |
Posted 10/09/2015 09:01 am
