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Help With My Grading Skills

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North of 49's Avatar
Canada
617 Posts
 Posted 10/13/2020  8:25 pm Show Profile   Bookmark this topic Add North of 49 to your friends list Get a Link to this Message Number of Subscribers
Hi There
I'm looking for some help with my grading skills , or lack of them. I've been grading some of the notes in my collection I want to be sure that I'm giving them a proper grade, or at least close.
I'm posting pics of some bank notes going from the grade of G to UNC . For each one I will show the grade that I feel is appropriate and the reason for my choice.
I would be grateful for any input , such as the grade you may give and why I might be over or under grading.
Thank you for any help.

1.
I give this one a grade of G
It is well used with no firmness
( however , it is whole with no tears and because of that I wonder if it should be G+) ?

Help-With-My-Grading-Skills
Help-With-My-Grading-Skills

2.
VG for this one
It is limp yet retains a bit of firmness
lots of folds and creases
with a major vertical and horizontal crease

Help-With-My-Grading-Skills
Help-With-My-Grading-Skills

3.
Im giving this one a grade of F
It has multiple folds but only a small area where there are broken fibres.
it is generally firm

Help-With-My-Grading-Skills
Help-With-My-Grading-Skills

4.
VF for this one , but I wonder if it should be F.
it has two places with creases with broken fibres
and other smaller ones
about half way between firm and limp

Help-With-My-Grading-Skills
Help-With-My-Grading-Skills

5.
EF vertical crease in the centre
with some wear on the edges
Help-With-My-Grading-Skills
Help-With-My-Grading-Skills
6.
AU fold on the top left caused by a paper clip
no broken fibres
otherwise a nice looking note

Help-With-My-Grading-Skills
Help-With-My-Grading-Skills
7.
UNC (or Better)
I can't see any flaws.


Help-With-My-Grading-Skills
Help-With-My-Grading-Skills
Pillar of the Community
owatchman's Avatar
United States
1494 Posts
 Posted 10/13/2020  10:17 pm  Show Profile   Bookmark this reply Add owatchman to your friends list Get a Link to this Reply
You might be being a little stringent on the lower grades. I'm no expert myself. I refer to PMG's guidelines a lot when I grade my notes. You can check out https://www.pmgnotes.com/paper-mone...ading-scale/ for more info. Hope this helps.
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North of 49's Avatar
Canada
617 Posts
 Posted 10/14/2020  5:08 pm  Show Profile   Bookmark this reply Add North of 49 to your friends list Get a Link to this Reply
I will check that out.
thanks
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walk2dwater's Avatar
Canada
2575 Posts
 Posted 10/14/2020  6:02 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
I'm going to take a stab at this one since it's a great question.

First, I agree with "Owatchman" in that you may be a bit harsh on the lower grades though, in general this is a good tendency. My own experience with PMG informs me that they're often quite liberal (across grades) so I would try to lean more towards a conservative bias. Each collector has his/her own tendency but in general it seems (to me) to best err on the side of strictness for no surprises with other (more experienced eyes) assessing your notes.
So for:
#1: I think "Good" is a bit harsh on this one as that's the bottom-of-the-barrel, so I'd say more a "VG." The examples I've seen for "G" usually look more faded & a bit more ratty. Charlton's take "Very dirty, no firmness, very ratty on edges and corners. Lots of design worn off along the major creases." The soiling seems to be only on the left portion. You are in possession of the note so you may see more defects than I.
#2 The example looks like a mid "Fine15" to me. Charlton's VG has "Considerable amount of wear along the major creases and edges. Lots of fraying paper fibres. The note displays much more dirt."
#3 I agree with this "Fine" and would say Fine18 but PMG might put this as a VF20. Charlton describes "F" as "some design loss and fraying of the paper fibres along the major creases. Creases are getting worse with some dirt engrained. A fair amount of crispness remains to the paper, particularly in-between the major creases."
#4 Probably VF as you stated. Again, you've got the note so you're a better judge of the firmness (or lack there of). Remember that VF has a fairly large range from VF20 to VF39 (technically- though you will only see VF35 on holders).

Your other estimates look fairly accurate.

#6 Be sure to check where the paper clip indented the paper since they can easily leave minor traces of rust. Rust will eliminate your EPQ or Original designation.

#7 The higher grades get a bit more challenging and usually require a light box to view any flaws.
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North of 49's Avatar
Canada
617 Posts
 Posted 10/15/2020  4:00 pm  Show Profile   Bookmark this reply Add North of 49 to your friends list Get a Link to this Reply
thanks walk2dwater, ( btw cool name)
your response was very helpful
sounds like my grades are close at least.
I do have a hard time with G - VF grades so thank you
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walk2dwater's Avatar
Canada
2575 Posts
 Posted 10/15/2020  5:30 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
I do have a hard time with G - VF grades so thank you


You're most welcome. It's an excellent topic that we should all review, or go over a few times (& then a few more times). I remember as a kid getting so annoyed once when I heard a collector suggest that kind of repetition to me for grading (but he was right).

I believe that many collectors/banknote dealers struggle at being objective when they assess a banknote's condition. I've seen many collectors post images of TPG notes that were significantly over graded so even the "pros" who grade regularly can get it wrong. It's one of the reasons you'll often here 'old-timers' recommend, "judge the note- not the holder." But I have messed up countless times myself (especially with trusting high grade claims by online auctions). I've been "burned" often from auctioneers claims of raw notes being "Choice UNC" & getting much lower certifications of AU50- AU58 from BCS later. It's just one reason I've become partial to TPG banknotes. I always feel skeptical towards anyone who boasts that grading is easy (or even that an older rare banknote is "GEM." I just have to inspect the note for my own curiosity ).

Please take a peak at the grading video (one of the links below) & my website when you get a chance. Thanks!
https://sites.google.com/view/notap...ng-banknotes
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North of 49's Avatar
Canada
617 Posts
 Posted 10/16/2020  6:43 pm  Show Profile   Bookmark this reply Add North of 49 to your friends list Get a Link to this Reply
Looks like a useful, and interesting, site.
Thanks again.
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