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1928 United States ten dollar gold certificate PMG graded 55 EPQ. Paper currency grading is the process of determining the grade or condition of a bank note, one of the key factors in determining its collectible value. A banknotes grade is generally determined by crispness (Rigid, not limp paper), brightness, and depth of color.
Professionals use the PMG (Paper Money Grading) scale, with values up to 70, to determine the condition of a bill. Collectible grades range from “good” up to “choice uncirculated.”
Collectors love bills with low serial numbers, such as those below 1,000 or 100 (e.g., 00000100). On eBay, these kinds of bills can sell for anywhere from $10 to $300.
Various third party grading companies (TPG) offer the service of authentication, grading and cataloging of common varieties of paper currency. These TPGs typically use a seventy-point grading scale to describe the note. Additional notations may be made for exceptional paper quality or other varieties.
A Guide Book Of United States Paper Money: Complete Source for History, Grading, and Prices by Arthur L. Friedberg (Compiler), Ira S. Friedberg (Compiler), and Q. David Bowers. ISBN 0-7948-1786-6 FRBSF currency exhibit Archived 2006-01-26 at the Wayback Machine
A paper money catalog or banknote catalog (or catalogue) is a catalog of banknotes and articles relating to notable examples. The catalog is an essential tool of collecting as it provides information about the articles that many times cannot be extracted from them directly, such as the number of printed banknotes.
Standard Catalog of World Paper Money - General Issues, 1368–1960, 16th Edition, publication date 2016, Krause Publications, ISBN 978-1-4402-4707-1 This is updated every two years or so. Standard Catalog of World Paper Money – Modern Issues, 1961–Present , 25th Edition, publication date 2019, Krause Publications, ISBN 978-1-4402-4898-6
Coin grading [1] is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted. Several grading systems have been ...