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Canada - Banknote Strap Marks, Ink Warping Etc

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Canada
414 Posts
 Posted 11/01/2020  1:02 pm Show Profile   Bookmark this topic Add SelectCoinCanada to your friends list Get a Link to this Message Number of Subscribers
I'm still exploring banknotes and I would like everyone's experienced opinion. Below are uncirculated banknotes pulled straight from bundles. I've done my best to picture the marks left by the straps as well as some paper warping from heavy ink. My terminology is terrible but hopefully the pictures speak for themselves. How does this effect grade? Everything leads me to believe that they would qualify for EPQ except for maybe the vertical strap marks? You can see the heavy embossing in the final photo, paper quality is original. These are 2003 Jenkins-Dodge BC-63cA Replacement notes, some of the tougher notes in the series.

Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
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Canada
9862 Posts
 Posted 11/01/2020  2:11 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
EPQ is a term used by PMG exclusively and it's use is likely subject to copyright.
The vast majority of PMG uncirculated notes will receive the EPQ designation.
Other TPG's use terms such as PPQ or Original.
Essentially what these designations mean is that the note has not been pressed.
Yours clearly show inking ripples and thus would be considered EPQ by PMG.
IMO the banding marks limit the grade to 60, they are just too distracting.
"Dipping" is not considered cleaning...
-from PCGS website
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walk2dwater's Avatar
Canada
2574 Posts
 Posted 11/01/2020  5:13 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
Below are uncirculated banknotes pulled straight from bundles. I've done my best to picture the marks left by the straps as well as some paper warping from heavy ink. My terminology is terrible but hopefully the pictures speak for themselves. How does this effect grade? Everything leads me to believe that they would qualify for

-"Original" if you're going to get them graded by BCS & EPQ if PMG (as "DBM" points out).

I have had countless original Journey banknotes come this way so it comes as no surprise to me. The production flaws continued with the upgraded version for both $5 & $10 (but I didn't see it quite so often with the $20). Can't comment on the other 2 denominations as rarely looked at those.

Here's one that fits your description exactly graded by BCS:
Canada---Banknote-Strap-Marks,-Ink-Warping-Etc
& what usually happens, as you can see, is the note receives an odd grade number such as 63 (rather than 62 or 64) depending how detracting the flaws are. I believe that the older series were like this too as I got quite a few UNC60 from BCS as well. It may have been a paper supply issue since I often saw notes with minor indented wrinkles like the one you captured on the end of the serial number (over Mackenzie's collar).
Edited by walk2dwater
11/01/2020 5:19 pm
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Canada
414 Posts
 Posted 11/03/2020  08:33 am  Show Profile   Bookmark this reply Add SelectCoinCanada to your friends list Get a Link to this Reply

Quote:
I have had countless original Journey banknotes come this way so it comes as no surprise to me.

Perfect, thank you both for the input and the example. I understand all the companies use different terms, I also know Steve at BCS is more strict on Canadian notes than other international TPG's but would also be more familiar with these common "production flaws."

I may have more to post for your opinions in the near future, thanks again.
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walk2dwater's Avatar
Canada
2574 Posts
 Posted 11/03/2020  5:44 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
No problem.
2003 was about when I got the banknote bug again b/c the Journey paper seemed stiff/odd (& I could rarely find decent banknotes that weren't worn out). So I started my mission to get a brick (1000 Tens) at my local branch. They weren't impressed, but finally caved in & got me one. I was surprised how Journey notes (from a sealed brick) came exactly like you've captured on the photos (great angles/ use of light BTW). Later, after meeting up with some collectors in TO (joining the CPMF) & comparing notes, we learned that both printers were experimenting with a different composition of kraft fibres so the paper/ink combos were likely the culprit. We learned all of this while they were being photocopied, extensive counterfeiting operations sprung up & they were in a rush to upgrade them in 2004.
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