Paper Money Grading

PGX-PM

Turnaround times are estimates and not guaranteed.

Friedberg or Pick number should be referenced on the submission form when submitting notes listed in either of these references.

An attribution fee of $3 per catalog/serial number is charged when notes submitted are not accompanied by an accurate catalog/serial number.

Paper Money

Max. Value

Fee Per Note

Current Turnaround

Modern (1957-Present)

Notes valued up to $300.
All notes issued 1957 to present except error notes, test notes, specimens, proofs.

$300
$16
30 days

Standard

All US or world notes valued up to $1,000.

$1000
$30
30 days

Bronze

All US or world notes valued up to $3,000.

$3000
$42
30 days

Silver

All US or world notes valued up to $10,000.

$10,000
$80
15 days

Gold

$10,001-24,999
$150
Walkthrough/24 Hours

Platinum

Over $25,000
$200 + 1% FMV
Walkthrough/24 Hours

Regrade

Same as Tier
Included in Tier
30 days

CrossOver

Same as Tier
Included in Tier
30 days

Modern Consecutive Bulk (50 note minimum)

The following notes are NOT eligible for bulk submission tiers: proofs, test notes, specimens, error notes and Chinese notes issued from 1948 through the 1953 First Series notes (Pick numbers 800 to 859).
All notes must be the same serial number and all catalog numbers must be in consecutive order.  All vintage or modern notes are accepted provided they meet the bulk requirements above.

$300
$12
30 days

Mix Type Modern Bulk (1957-Present) (50 not minimum)

Notes valued up to $300.  The following notes are NOT eligible for bulk submission tiers: proofs, test notes, specimens, error notes and Chinese notes issued from 1948 through the 1953 First Series notes (Pick numbers 800 to 859).

Notes may be a mix of serial numbers and / or catalog numbers.  All notes issued 1957 to present are accepted provided they meet the bulk requirements above.

$300
$14
30 days

Mix Type Vintage Bulk (Pre-1957) (50 note minimum)

Notes valued up to $300. The following notes are NOT eligible for bulk submission tiers: proofs, test notes, specimens, error notes and Chinese notes issued from 1948 through the 1953 First Series notes (Pick numbers 800 to 859).

Notes may be a mix of serial numbers and / or catalog numbers. All notes issued before 1957 are accepted provided they meet the bulk requirements above.

$300
$18
30 days

Extra’s

If you have your own FED EX or USPS Express account number you may use it.  We charge a $7 flat fee for shipping and handling per box shipped.

Paper Money

Max. Value

Catalog/serial number fee per note

$3

Pedigree fee per note

$3

Oversize up to 11×17

Tier +$15

Return Packaging per invoice

EX. – Certificates of Authenticity (COA), Auction Tags and folders and boxes.  Send copies of the originals when sending COA’s and Auction Tags.

$5

The PGX-PM Grading Scale

Notes must qualify for PGX-PM’s Superb Paper Quality (SPQ) designation to be graded 65 and higher

The highest grade assigned. Notes must have no evidence of handling visible.  The margins and registration must appear centered to the unaided eye.

70 Gem Unc
70 SPQ

This note is nearly visually indistinguishable from a 70 but the margins and registration may appear slightly off center.  There is no evidence of handling visible to the unaided eye.

Superb Gem Unc
69 SPQ

The margins and registration are slightly off center.  There may be very minor handling.

Superb Gem Unc
68 SPQ

A note with above-average margins and registration.  There may be minor handling.

Superb Gem Unc
67 SPQ

There may be slightly more handling than a 67 SPQ note.  The centering must be above average.

Gem Uncirculated
66 SPQ
The note may have one or two minor distractions as a result of minor handling. The centering must be above average
Gem Uncirculated
65 SPQ

Notes graded 20 to 64 are eligible for PGX-PM’s SPQ designation if they meet the standards described below.

The centering is off on one or two sides. Some handling may be evident but there must be no folds in the design.
Choice Uncirculated
64

The centering is imperfect and the design may be flat.  There may be several flaws but there will be no folds.

Choice Uncirculated
63

The note is strictly uncirculated but may have minor-to-moderate handling and/or corner tip issues.  There will be no folds, however.  The margins may touch or come into the design.

Uncirculated
62

The note is poorly centered and the margins come into the design.  There may be counting marks, smudges or other signs of handling.  There will be no folds through the design.

Uncirculated
61
A note with problems that may include toned paper, a small stain or fading. There will be handling issues but there will be no folds through the design.
Uncirculated
60
Often a note with a single fold that crosses the design.
Choice About Uncirculated
58
This grade is commonly assigned to a note that has one fold or two to three corner folds through the design.
About Uncirculated
55
A note with two vertical folds or a single horizontal fold. May also have signs of handling.
About Uncirculated
53

The note has two heavier folds or light horizontal and vertical folds.  The handling can be significant.

About Uncirculated
50
A note with two to three heavy folds, one of which may be horizontal.
Choice Extremely Fine
45
There are three or more folds, one of which may be horizontal.
Extremely Fine
40

For years dealers and collectors called this grade “VF-XF.”  This note looks Extremely Fine, but it will have four to seven light folds.

Choice Very Fine
35

This note will be lightly circulated and may have light soiling.  There will typically be seven to ten folds.

Very Fine
30
A note that shows modest evidence of circulation as well as more folds and/or soiling than a note graded 30.
Very Fine
25

The note is moderately circulated with numerous folds, mild soiling.  There are no serious detractions but there may be minor defects.

Very Fine
20
This note may look like a Very Fine note, but upon closer examination it is found to have too many folds or too much circulation to warrant a Very Fine grade.
Choice Fine
15
The evidence of circulation is considerable with rounded corners, margin splits and other issues. The note must be whole with solid paper.
Fine
12
A solid, whole note with lots of circulation. The note is too limp and has a number of minor problems.
Very Good
10
The note is heavily circulated but is intact. Some small pieces may be missing. Soiling, light stains or splits are common for this grade. The note is limp.
Very Good
8
The note is very worn with serious splits, fraying of the margins and damage.
Good
6

A very heavily circulated note with numerous problems.  It is totally limp with impaired visual appeal.  Notes in this grade are commonly seen with pieces missing.

Good
4

PGX-PM DESIGNATIONS

SPQ

A Superb Paper Quality (SPQ) note is, in the opinion of PGX-PM graders, completely original.  SPQ notes will not have been physically, chemically, or materially processed to give the appearance of a higher grade.  Notes exhibiting normal wear-and-tear for their grade are eligible.  All notes graded Very Fine 15 and higher will be evaluated for the SPQ designation.  Notes must qualify for the SPQ designation to grade Gem Uncirculated 65 and higher.

MAR

The MAR (Marred) designation indicates a note that has problems that are more severe than can be reflected by the note’s assigned numeric grade.  If a note receives the MAR designation, the severe problem or problems will be listed.   All MAR designated notes will be on the reverse side of the label.

What We Do Not Do

  • Membership fees
  • Invoice fees
  • Special/custom labels
  • Pre-screens
  • Early/first release
  • Fricke Numbers
  • Vintage World
  • Schwan-Boling
  • Custom holders
  • Variety
  • Digital imaging
  • Bonds or certificates