should pcgs slab paper money?

michael · March 22, 2003 3:36PM

comments????

sincerely michael

Twowood · March 22, 2003 8:54PM

Maybe they do. Check it out. Twowood

michael · March 23, 2003 4:14PM

i checked it out and they do not do this

i think if they did this the market for paper money would explode like a lanced giant infected boil.............

sincerely michael

Baley · March 23, 2003 6:57PM

i think that's pretty disgusting image, i hope the market doesn't explode like that

dorkkarl · March 23, 2003 7:47PM

no. paper money has serial numbers, so significant notes can have their values traced. "grade" follows value, so "grading" is really redundant.

K S

flaminio · March 24, 2003 12:11AM

Why not? If there's a buck in it for them (pun intended), they should go ahead and do it.

Not that I really care, however.

ANACONDA · March 24, 2003 12:16AM

They actually considered doing it. I think they may have even announced that they were going to do it. Then they changed their mind.

I think they concluded that there isn't enough money in it for them.

I would like it if they did it. There are two services, CGA and CGC. Both have conflicts of interest to some degree. I have invested quite
a bit of money (probably around $175,000 or something like that) in paper currency...large size type notes....because it is cheap relative
to it's rarity.

ANACONDA · March 24, 2003 12:29AM

Here's three images of some of the most spectacular pieces of currency around....and for whatever it's worth, these are no longer for sale....i sold them two weeks ago.

adrian

WWW · March 24, 2003 1:31AM

Dose edukational notes are kool.

nwcs · March 24, 2003 1:44AM

They sure don't make notes like they used to..

Jamericon · March 24, 2003 2:06AM

No they should not. I do not believe that it would give the same benefits that it has for coins. For one there is dorkkarl's comments: there goes "cracking out". Secondly, the Sheldon scale cannot be applied to currency the same as coins. And thirdly, the price breaks that are seen in coins would only cause a greater separation in the currency market. Right now you can find notes which are graded that sell for multiples of what the same note would bring raw, and those notes are out there. I think that the currency market should remain how it is. The only benefit I see is the filtration of processed notes from the market.

numispro · March 24, 2003 3:09AM

First, PCGS lacks the expertise to do this.
Second, there is not enough money in it for them.

As for CGA and CGC, in my opinion, they have virtually no credibility in the wholesale market place. If you compare the grades on the slabs with the grades listed in the currency census by Martin Generke, you will see many, many examples that have sold in auction in the past as XF or AU that are now in Unc holders. Ditto notes that were once sold as "VF, missing corner" (or the like) that are now repaired and residing in XF or AU slabs, with no mention of the repairs. This is not to say that there are not some nice notes in these holders, as there are. But, if you are buying notes in these slabs and relying on the grade on the holder, you could be in for a rude awakening. I, for one, will not buy notes in these holders, because it is not possible to properly examine the note to determine it's true grade without removing it from the holder. If PCGS or NGC spent the time and money to properly develop a slab and grading structure, and then backed it up with a real guarantee, I would support it. But, for now, I'll take them raw.

wallstreetman · March 24, 2003 3:21AM

I wish they would, I have a few notes I would submit! Of the other two companies, who has the hard plastic slab like used with coins?

numispro · March 24, 2003 4:42AM

Wallstreetman --

CGC has the hard plastic holder.

banknote1 · March 24, 2003 5:25AM

Anaconda- Those Educationals are super!!!! They would be super in or out of that "slab".
Most paper money collectors and dealers have little use for graded currency. Dealers wont buy notes that have been third party graded. The auction houses wont let you return a third party graded note. I hope PCGS or any other grading service doesn't start grading currency.

Does this note really need to be in a slab?

wallstreetman · March 24, 2003 5:29AM

Thanks numispro! Do you have a link to them?

wallstreetman · March 24, 2003 5:39AM

I found it!LINK

kobrakoins · March 24, 2003 10:47AM

NO!

should pcgs slab paper money?

Comments

Leave a Comment