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Best And Clearest Description Of Banknote Grades?

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Author Previous TopicReplies: 7 / Views: 710Next Topic  
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PastExpiry's Avatar
Canada
96 Posts
 Posted 11/06/2023  3:42 pm Show Profile   Bookmark this topic Add PastExpiry to your friends list Get a Link to this Message Number of Subscribers
Hi,
I am trying to estimate the grade of some banknotes I have and I find the descriptions at PMG too subjective, especially at grades under 40. Has anyone run into a website or even (gasp) an app that has clearer descriptions or at least better points out the main differences between the grades of 40,35,30,25, and 20 ?

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John1's Avatar
United States
56855 Posts
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 11/06/2023  4:51 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good links, John, thanks.
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 11/06/2023  5:50 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
The websites that John linked should help, but nothing replaces experience. Look at as many graded notes in person as possible to gain the experience.
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PastExpiry's Avatar
Canada
96 Posts
 Posted 11/07/2023  12:42 pm  Show Profile   Bookmark this reply Add PastExpiry to your friends list Get a Link to this Reply
Thank you John!
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walk2dwater's Avatar
Canada
2571 Posts
 Posted 11/11/2023  09:26 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
I think every collector struggles with grading at some point (I know I did). Sometimes I still struggle, especially with scans (instead of pictures). Most sellers scan & very few take photos highlighting a note's flaws with side lighting. That's why I created this video 4 years ago (which some have found helpful). I posted it on my "Collector's Corner" page:
https://sites.google.com/view/notap...ng-banknotes
The video on grading:
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walk2dwater's Avatar
Canada
2571 Posts
 Posted 11/11/2023  09:26 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
(My post was truncated). Here's the rest of what I wrote:

EF (& lower) notes need to be inspected in hand. I used to go over hundreds (maybe thousands) of notes & try to peg the grade (simply practice) based on 1) number of creases/folds & the paper integrity.

One other trick (hack/short cut) I have used is this:
On ebay, if the seller states the note is in EF then its probably VF; VF then its probably Fine, etc. I have always taken the note down a grade (or 2 on social media) & usually feel the grade is then closer to what the note is.

Edited by walk2dwater
11/11/2023 09:27 am
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PastExpiry's Avatar
Canada
96 Posts
 Posted 11/13/2023  11:56 am  Show Profile   Bookmark this reply Add PastExpiry to your friends list Get a Link to this Reply
LOL... on social media I would knock down the grade by HALF. Same goes for anyone who calls themselves an 'expert'
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