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 Replies: 15 / Views: 2,252 |
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Valued Member
Canada
116 Posts |
First of all I would like to thank those for welcoming me to this forum. Although I was once an avid Canadian coin and banknote collector I went over to the other side and started to solely collect Canadian Banknotes. My reason was simple....I personally found that the grading of coins was to complicated and varied from dealer to dealer and collector to collector. The slightest difference could cost you thousands and having tested my theory numerous times at clubs, shows, and stores I became very discouraged to say the least. If anyone is interested in further discussion please do not hesitate to comment.... As for this topic, I would like to encourage members to feel free to post a note where they can obtain a current catalogue value from the Charltons Canadian Government Paper Money Catalogue. I will not grade a note from a picture, I will just respond with catalogue prices for the various grades. As I have always believed it is up to the collector to learn how to grade a note so that they are confident in what they see and not what others are telling them what to see... In time I can post the various grades and a description of what is expected in a note to receive that grade As there are differences with a series that can affect a grade that does not exist in another series because of various conditions and production issues... If this thread receives enough traffic I would be more than happy to expand it so that collectors can feel comfortable in the hobby.... The one thing that many new collectors may hear is the comment " Buy the note, not the holder" Although this may hold some truth and I am not saying that any TPG is perfect and not flawed at some times there are some that tend to be more conservative than others especially when it comes to grading Canadian Paper... In most cases a TPG will tell you a notes flaws and the terms "ORIGINAL" "EPQ" etc are there for a reason... FRIEDSQUID |
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Pillar of the Community
Canada
5324 Posts |
Just started into currency, what is the TPG reasoning for an AU 55 to have EPQ grade |
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Valued Member
 Canada
116 Posts |
Quote:Just started into currency, what is the TPG reasoning for an AU 55 to have EPQ grade I cannot speak for all TPQ's, but the " TPG" (Third Party Grader) PMG for instance, states that a note must grade 65 or higher to receive their "EPQ" Exceptional Paper Quality designation HOWEVER notes graded VF25 - CU64 may receive the EPQ designation provided they meet certain criteria. In the case of a PMG AU 55 (About Uncirculated) banknote it can receive an EPQ designation if it has one fold, OR two to three corner folds through the design. The EPQ is an opinion of a TPG that the note is ORIGINAL. It has not been physically, chemically or materially processed in order to give the note the appearance of a higher grade. So normal wear and tear still make a note eligible to obtain the EPQ designation. Other TPG's may use different terminology as BCS uses the "ORIGINAL" designation and PCGS uses a "PPQ" (Premium Paper Quality) The one word of advice for colectors new and old alike is if you are purchasing a note that does not have the desigantion try to obtain the certificate number of the note and directly contact the TPG. The graders have notes they take when grading notes and should be able to tell you why the note was NOT given the designation. I have done this many times in the past and you will be amazed how many times the oder of chemicals was detected by the grader.... (usually an attempt of the owner to clean the note) Once in a holder the smell is sealed... As there are people that clean coins there are people that try to clean notes as well...BUYER BEWWARE... hope this answers your question and wasnt to long winded friedsquid Edited by friedsquid
05/15/2018 2:15 pm
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Pillar of the Community
 United States
6514 Posts |
I'm not a note collector at all. I never even considered that cleaning one would be possible. Though you mentioned a cleaned note possibly having an odor. I suppose the list of solvents that people would attempt to use on them is long. Where there's a will.
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Pillar of the Community
Canada
1505 Posts |
Thanks for the info and welcome to forum!
I recently started a small paper currency collection (series and denomination only). I look forward to learning more as more people migrate over here. Cheers.
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Moderator
 Canada
10456 Posts |
The only banknotes in my collection, are not in the Charlton Catalogue. I have a full set of 1874 Commercial College Scrip from Mount Allison University (New Brunswick). My reason for collecting the set is that I did my undergraduate degree in geology at Mount Allison... Maybe I'll start a new thread, and show all the notes, when I get around to taking their photos.  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
116 Posts |
Quote:
I'm not a note collector at all. I never even considered that cleaning one would be possible. Though you mentioned a cleaned note possibly having an odor. I suppose the list of solvents that people would attempt to use on them is long. Where there's a will. There are a variety of solvents/chemicals that people attempt to use to clean notes and there are also ways to remove the odor, but many are not familiar with that process The fact remains that people will do things to make a note more appealing so sniffing a note should never be thought of as weird in my opinion...stay away from those that smell like bleach :) |
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Valued Member
Canada
116 Posts |
Quote:
I recently started a small paper currency collection (series and denomination only). If you don't mind me asking, what series are you focusing on? |
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Valued Member
Canada
116 Posts |
Quote:
The only banknotes in my collection, are not in the Charlton Catalogue.
I have a full set of 1874 Commercial College Scrip from Mount Allison University (New Brunswick). My reason for collecting the set is that I did my undergraduate degree in geology at Mount Allison...
Maybe I'll start a new thread, and show all the notes, when I get around to taking their photos. Looking forward to seeing photos of the others in your set |
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Pillar of the Community
Canada
2575 Posts |
I think a thread for posting a note & discussing its approximate Charlton book value is a great idea Friedsquid. It will prompt us into considering each note's approximate grade too. I will be sure to post a note soon. Quote:"The EPQ is an opinion of a TPG that the note is ORIGINAL. It has not been physically, chemically or materially processed in order to give the note the appearance of a higher grade. So normal wear and tear still make a note eligible to obtain the EPQ designation." I really don't mean to split hairs here but I think my idea of normal wear & tear and other's idea of the same could be worlds apart. First off, as far as I understand EPQ, I would not want to see a tear in the note. And as you eluded to: some series wear down differently (or have features/characteristics in UNC) that separate them from other series. I found some of the original & modified Journey notes (esp without the lacquer) really deteriorated fast. Please correct me if I'm wrong, but I would think an EPQ could be given to higher VF(25+) notes that have experienced moderate to light circulation (EF) to almost no circulation (AU) and up. As far as I know, a grader doesn't want to see: ink, stains or anything that has compromised the integrity of the note's materials/substrate as you pointed out. Quote:"The one word of advice for colectors new and old alike is if you are purchasing a note that does not have the desigantion try to obtain the certificate number of the note and directly contact the TPG. The graders have notes they take when grading notes and should be able to tell you why the note was NOT given the designation. I have done this many times in the past and you will be amazed how many times the oder of chemicals was detected by the grader.... (usually an attempt of the owner to clean the note) Once in a holder the smell is sealed.." I have never contacted a TPG to verify why a note has missed attaining an EPQ (or PPQ, Original) designation so thanks for the info. I find it pretty disturbing that so many "____" have used chemicals to upgrade a note's appearance. |
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Valued Member
Canada
116 Posts |
Quote:
I really don't mean to split hairs here but I think my idea of normal wear & tear and other's idea of the same could be worlds apart. First off, as far as I understand EPQ, I would not want to see a tear in the note "wear & tear" is PMG's wording and I assume and hope by tear they do not mean a physical tear (or rip) in the note as opposed to use and circulation... I also agree with your statement everyone has a different perspective as to what wear and tear is and what may be acceptable to one collector may not be to another As for myself, I only collect UNC or better and find it hard to find a lesser note appealing to the eye no matter how rare it is..but that is just my opinion As a side note, I have seen many TPG notes that have flaws and I find what bothers me the most is a non centered note. It just doesn't have that eye appeal |
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Pillar of the Community
Canada
2575 Posts |
Quote:
"I only collect UNC or better and find it hard to find a lesser note appealing to the eye no matter how rare it is.." I almost wish I could do that, but then I'd have to orphan my solid 8's $5.00 note which has sentimental value (as do some of my other notes I picked up as a 16 year old working at our local carwash) & others I got for face over the years. To sell so many of my rare circulated notes would be like selling my dad's 6 year old van (with 30,000 km) in mint shape and being talked down on price because of its age. I know I just wouldn't get my money's worth. Quote:
"and I find what bothers me the most is a non centered note." That doesn't bother me as much as graffiti, stains or tears. The BSW $20 I found has a small # scribbled up by the queen's head (I only posted the back of the note in rare notes from runs). Drove me crazy for a while (4 years of searching to have it so circulated and with graffiti). Quote:
"It just doesn't have that eye appeal " Eye appeal - that's everything in my books too. |
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Pillar of the Community
Canada
2575 Posts |
As promised, here's the front of a "filler" note I've had for a long while (the back is similar- problem free, lightly circulated) What do you think FRIEDSQUID?  |
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Valued Member
Canada
116 Posts |
Quote:
As promised, here's the front of a "filler" note I've had for a long while (the back is similar- problem free, lightly circulated)
What do you think FRIEDSQUID? Clearly it is a very nice note, but unc would be nicer lol |
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Pillar of the Community
Canada
999 Posts |
I recently got more serious about banknote collecting, focusing on Canadian $1 and $2 for now. I agree that UNC is ideal, but as I go back pre 1937, it's not really in the budget. That being said, I'm still trying to focus on notes with relatively good eye appeal. Although I really do love the 1912 $5 note: https://www.ebay.ca/itm/1912-DOMINI....m1438.l2649However, I'm not at the point where I'm spending four figures for one item. Maybe one day... |
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Valued Member
Canada
116 Posts |
Quote:
I recently got more serious about banknote collecting, focusing on Canadian $1 and $2 for now. I agree that UNC is ideal, but as I go back pre 1937, it's not really in the budget. I know it is tough to always get unc notes but I the one thing I always say is Buy the best you can afford and always quality over quantity |
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Replies: 15 / Views: 2,252 |
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Posted 05/15/2018 2:01 pm
