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Guess The Grade - Lincoln Porthole $5

Guess the grade that PMG gave this series 1923 $5 Lincoln "Porthole" Silver Certificate. I'll reveal the answer in about 48 hours.

I know that grading a bill without having it in hand is difficult, but I'm curious as to what the experts here make of PMG's assessment.


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    dcarrdcarr Posts: 10,128 ✭✭✭✭✭

    I guess AU55.
    But it looks like it could actually be as high as MS64 if there are no folds.

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    ChoppyChoppy Posts: 56 ✭✭✭

    @dcarr said:
    I guess AU55.
    But it looks like it could actually be as high as MS64 if there are no folds.

    Thank you! That's my assessment as well: AU at least. But stay tuned for the reveal...

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    ChoppyChoppy Posts: 56 ✭✭✭

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    johnny9434johnny9434 Posts: 32,876 ✭✭✭✭✭

    Nice note for the grade 👌

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    ChoppyChoppy Posts: 56 ✭✭✭

    @johnny9434 said:
    Nice note for the grade 👌

    I'm wondering whether PCGS might see it as a 58, or at least a 45. Hopefully PPQ. I'm tempted to send it in.

    On the other hand, I've had two notes at PCGS since June 12, and they have not moved from "Order Entry." I'm in no hurry to send more right now.

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    johnny9434johnny9434 Posts: 32,876 ✭✭✭✭✭
    edited July 27, 2026 1:17PM

    @Choppy said:

    @johnny9434 said:
    Nice note for the grade 👌

    I'm wondering whether PCGS might see it as a 58, or at least a 45. Hopefully PPQ. I'm tempted to send it in.

    On the other hand, I've had two notes at PCGS since June 12, and they have not moved from "Order Entry." I'm in no hurry to send more right now.

    im ok with grading but not that comfortable with it (i think you got a shot at it, take your chances)

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    humanssuckhumanssuck Posts: 675 ✭✭✭✭✭

    Assuming it wasnt just a mechanical error....That grade on a note that looks that nice would typically be for a note that was folded and has been worked on to make it appear like it wasn't.

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    dcarrdcarr Posts: 10,128 ✭✭✭✭✭
    edited July 30, 2026 8:33PM

    A note that nice looking would never be graded 35 EPQ/PPQ. A VF35 EPQ/PPQ note would definitely look more circulated.

    When I have seen unexpectedly low grades like that in the past, they never have EPQ/PPQ, and I assume it was because the note was possibly washed and very well pressed.

    They say that a person should always go for originality. But I'm not so sure in cases like this.
    If choosing between two notes that have the same price and look like the same grade, but one is EPQ/PPQ and the other is not, then yes, choose the EPQ/PPQ note.

    But when the choice is between two similar-price notes:

    A. The note appears AU/UNC and has no structural damage (no pinholes/splits/tears/repairs) ;
    or
    B. The note is obviously VF grade but also has EPQ/PPQ designation .

    I would prefer note A .

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