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 Replies: 48 / Views: 9,438 |
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Valued Member
United States
77 Posts |
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Valued Member
 United States
77 Posts |
My friend purchased this note raw this spring at a show. He sent it in for grading beginning of March to PMG to get graded. Once graded, he sold the note to me. I then sold it to another individual soon after. That individual I assume cut it out and sent it in to CGA sometime in late April/May. My friend seen this note yesterday in a catalog and informed me. Interesting on the grade difference 2 months makes.
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
2850 Posts |
Overgraded like most CGA stuff. Exactly why I don't buy them in their holders.
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Pillar of the Community
United States
7615 Posts |
Grade inflation has been a huge problem with CGA stuff for many years.
There are plenty of other examples out in the market that have the same problem.
At least with serial numbers we can sorta keep track of this stuff.
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Pillar of the Community
United States
1285 Posts |
As the old story says:
"Buy the NOTE and not the holder"
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Bedrock of the Community
United States
94367 Posts |
It's a game, folks. Step right up.
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Pillar of the Community
United States
742 Posts |
What catalog? Most auction houses do not accept CGA notes.
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Bedrock of the Community
 United States
12815 Posts |
Wow, what a difference.
Now... why on earth would you ever cut out a PMG-graded note to send to CGA? The obvious answer there is because you know it's going to get a better grade (9 points?!), but any serious collector (especially for a note of this caliber) is aware of grade inflation with regard to CGA.
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Bedrock of the Community
United States
94367 Posts |
Nonetheless, I venture that the note is worth more in the new holder than the old.  |
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Valued Member
United States
77 Posts |
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Valued Member
United States
77 Posts |
CelticKnot, don't forget it also now has exceptional paper quality :-) I like the catalog description for it, there is a small amount of 'noise' on the upper left margin. Don't get me wrong, it is a beautiful note. And I agree you have to buy the note, not the holder. But it is hard to see sometimes when you are bidding online what you are getting. And enough people have a hard time grading, so they are assuming the TPG is grading it correctly. |
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Bedrock of the Community
United States
94367 Posts |
As a long time currency collector, I suggest that none of the TPGs gets it right consistently. This note, an LGS star, was ripe for resubmission in the TPG dice game. It's just about money, and the new holder is worth much more than the old one. |
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Pillar of the Community
United States
4637 Posts |
Sometimes you may look at grading as a sport, even though the numbering system makes it look all scientific and stuff.
I remember back in April 2015 and a HUGE recall on Blue Bell ice cream....if my memory serves me it was Listeria.
Swore I'd never buy it again and almost found myself grabbing a container today. Blue Bell had something terrible happen and regained most of its loyal consumers back over time. Some brands can overcome disasters, and some can't....remember the DixieChicks ?
My best guess is , since AU to CH-CU is a matter of opinion and I've also seen PMG notes graded AU resubmitted to PCGS and come back in the 60's, is that it went to CGA because of fast turnaround and no membership fees along with maybe a higher grade. This is one of those notes that you would prefer to see in person before bidding.
Edited by SteveInTampa
07/10/2017 7:05 pm
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Bedrock of the Community
United States
12815 Posts |
Very interesting insight as usual. Thanks, gents.
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Pillar of the Community
United States
7615 Posts |
Steve.....
Just had some Blue Bell Homemade Vanilla this past weekend. Not feeling funny or sick......so far, so good!
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Replies: 48 / Views: 9,438 |
Posted 07/08/2017 6:28 pm
