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Currency Grading And Authentification, Inc

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Pillar of the Community
SteveInTampa's Avatar
United States
4637 Posts
 Posted 06/22/2016  2:09 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
I just got back a recent submission of large size notes to PMG.

I purchased all of the notes raw, many years ago......except one. As mr.frog has mentioned earlier in this thread "CGA notes have always tended to grade one full point above PCGS or PMG notes of apparent similar quality, and occasionally slightly more." This had not been my experience until now. But to be fair, all of the notes I had cut out of the CGA holders were modern, uncirculated small-sized notes and they all came back from PMG in exact grades as CGA.

As I nervously cut my series 1901 $10 Bison out of it's CGA holder, I noticed it seemed to have nice original paper qualities and good embossing, but more folds than a typical XF note would have. I like to test my grading skills by writing down my grade, while I have the note in hand before sending it in for grading. I graded this note as a 35EPQ. Well it's back now, and I will let you see the results.

Currency-Grading-And-Authentification,-Inc
Currency-Grading-And-Authentification,-Inc

Mr.frog, you were right as rain sir. Thankfully, I bought this note at VF money, and not XF money.
Edited by SteveInTampa
06/22/2016 2:10 pm
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 06/22/2016  5:43 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Steve - First of all, what a super note, regardless of the holder! My earlier comments about the "one grade point differential" between CGA and the two major TPGs was primarily in reference to Uncirculated notes - I have little experience with circulated GCA examples. Your experience suggests this relationship may well extend across the board.

As "tech" points out above, learn to grade first, and then evaluate/buy the note but not the holder!

As a general statement, at least for Uncirculated notes, I feel the market discounts CGA issues disproportionately to this "one grade point" differential. Since I have confidence in CGA's assessment of paper quality, this creates many resubmission opportunities.

Bruce
Edited by Coinfrog
06/22/2016 5:44 pm
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