Help me to understand. - Graded Very Fine? How in the world...
JoeCorrado
Posts: 51 ✭✭
Really? How did this note get the grade it did- and why? Seriously, I am not the brightest bulb in the house, so somebody please explain this "Very Fine" grade. I am flabbergasted. Thanks for the hoped for enlightenment.
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Just the vagaries of grading - they used to put Apparent on it, to note issues to draw attention to, but submitters didn't like that, just like they used to be in red labels, but submitters didn't like that either... now it's in a nearly impossible to discern italic, with the problems listed on the back. Perhaps if we stuff them under the bed, the problems won't be there...
As to the 25 itself - just how paper is graded, and no, I don't like it. Not much at all. It's like rating a painting based on the underlying canvas, and ignoring the paint. In this case, it's all about the paper - folds, firmness. In this case, other than the fact due to age it's severed along the fold lines, the intact paper is still relatively firm, so... there you go. Insane, I know.
There is alot of momentum to continue a bad system, but a new system that graded notes on a broader array of items that didn't overprioritze folds would be welcome... at least to me.
OMG, I don't like it at all !!!
I agree that the canvas seems to be weighted heavily into this grade, much more so than the paint analogy that you mentioned. That is actually a very good analogy. I also would like to see the grade criteria changed a bit to be more inclusive of actual eye appeal. I am a little bothered that it was NOT graded as NET or some such.
Not so long ago, I purchased "literally sight unseen" a PCGS -C 45PPQ graded note at a fairly substantial sum for me - just under $1k - based simply on the grade, my trust in the graders (and assurances from the seller) that it was a "nice" note. - For me, eye appeal matters.
By the way- the note I received sight unseen, was awesome. Still - No more "sight unseen" purchases for me.
Is the grade of a note influenced by the age of it? Does a century old note get graded to a different standard than a 2 year old note because of its age? Some coins seem to be IMO.
I'm no expert, but IMHO, it's an unfortunate result of applying a net numerical grade, when perhaps no number would apply. Borrowing from the problem coin criteria, maybe something like this makes more sense: "Genuine, Not-Gradeable", "Very Fine Details/Appearance", "Damaged & Repaired".
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It shouldn't be but absolutely is. Old large size and nationals definitely have an old-timers curve applied. Not much, but they are often a step on the ladder moved from where a modern note would be.
The highlight of these notes are the seals - yet the only thing that counts in grading is the paper... the "grade" is not useful.
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A nice Colonial. All sevens too- 1777 $7 - nice! Three colors is kind of rare all on it's own as well!
12 net, 'damaged' at best in my opinion.
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So for reference, this is the back.