FAQS ABOUT PMG GRADING SERVICES
- What is the benefit of submitting my notes through a PMG authorized dealer?
- I am a notes dealer. How can I become a PMG Member/Dealer?
- What measures are in place at PMG to ensure the safety of my notes?
- Can my notes be shipped directly back to me?
- What is a "Net Grade"?
- Where can I find current prices for my notes?
- When selling can I be assured of instant liquidity and of an existing market for my certified notes?
- Are there legal issues, disclaimers, or other fine print that I should be aware of before I decide to purchase PMG notes or have my notes certified by PMG?
- If a note is removed from its PMG holder and resubmitted, can I be assured of receiving the same grade?
- Are all notes certified & encapsulated by PMG covered by the PMG guarantee?
- How do I submit my PMG certified note that I feel may be overgraded?
- How do I resubmit a PMG certified note that I feel may be undergraded?
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What is PMG's position in the marketplace? |
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Paper Money Guaranty, LLC (PMG), founded in February 2005,
is an independent member of the Certified Collectibles Group
of companies. The Certified Collectibles Group is an umbrella organization consisting of Numismatic Guaranty Corporation of America (NGC) the leading grading service in rare coins, Paper Money Guaranty, LLC (PMG) the expert third party grading service in notes, Certified Guaranty Company (CGC) the first independent, impartial, expert third party grading service in comics, and Numismatic Conservation Services, LLC (NCS) a leading authority in numismatic conservation. Our certification companies have a proven and respected commitment to integrity, accuracy, consistency and impartiality in grading collectibles that has made them leaders in their fields. This proven model of success is ideally suited to adapt to the unique challenges of grading currency. Additionally, as is the policy of all companies under the Certified Collectibles Group umbrella, all employees of PMG are prohibited from commercially buying and selling paper currency. This will enable the company to maintain its independent, third-party position, thus avoiding any conflict of interest. |
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How can I submit my notes to PMG? |
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You have some options regarding how you may submit your notes to PMG.
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What is the benefit of submitting my notes through a PMG authorized dealer? |
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Most PMG member dealers will help you screen your notes and select the appropriate submission tiers, package your notes for safe shipment to PMG, and assist in determining insurance values for your notes so that they're protected against loss in shipping. With considerable expertise, PMG member dealers can save you time and money by helping you determine which notes will be eligible for grading. PMG member dealers are also able to answer many questions you might have about your notes or about PMG. |
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I am a notes dealer. How can I become a PMG Member/Dealer? |
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Contact PMG Customer Service and request a Dealer Application. It is required that you have been in the business of numismatics for at least one year and can provide at least four numismatic references. |
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What measures are in place at PMG to ensure the safety of my notes? |
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When your notes are sent to PMG, you can be confident that they are entering a secure environment. Our highly sophisticated security system is state-of-the-art, and designed to ensure that your notes are under constant surveillance. All notes in PMG’s possession are fully insured. As soon as your notes arrive, they are assigned a unique ID number and are tracked throughout the PMG grading and encapsulation process. Also, each highly trained PMG employee will handle your notes as delicately as if they were their own. |
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Can my notes be shipped directly back to me? |
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Yes, you can have your notes shipped directly back to you from PMG via insured registered mail. Please note that the postal service allows for a maximum insurance coverage of $25,000 per package. Ask your PMG authorized dealer to write your name and address as the return address on the PMG submission invoice. |
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What is a "Net Grade"? |
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A "net graded" note is one which has had an adverse occurrence after it left the BEP. PMG understands that such a note can still be rare and valuable. Instead of returning it ungraded, PMG will holder and authenticate it as a "Net Graded". PMG will specifically state the reason(s) why any note is net graded. The PMG guarantee is not valid on any net graded note. Listed here are a few examples of why a note may be "net graded": tear, corner missing, repaired, re-embossed, washed, stained, ink or writing and PVC damage. |
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Where can I find current prices for my notes? |
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PMG does not commercially buy, sell or trade notes. You can ask your PMG member dealer about the value of your notes, or you can refer to the publication Paper Money of the United States by Friedberg. |
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When selling can I be assured of instant liquidity and of an existing market for my certified notes? |
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No. The degree of liquidity for PMG certified notes, as with
any certified note, will vary according to market conditions
and according to the particular note(s) involved. Additionally, as is the policy of all companies under the Certified Collectibles Group umbrella, all employees of PMG are prohibited from buying and selling paper currency. This will enable the company to maintain its independent, third-party position, thus avoiding any conflict of interest. |
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Are there legal issues, disclaimers, or other fine print that I should be aware of before I decide to purchase PMG notes or have my notes certified by PMG? |
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Yes. We strongly suggest that you visit the "legal notice" section of our Web site at www.PMGnotes.com. Legal notices are also contained on the back the PMG Submission Invoice. |
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If a note is removed from its PMG holder and resubmitted, can I be assured of receiving the same grade? |
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No. Once removed from its PMG holder there is no guarantee whatsoever as to what that note will grade when resubmitted. This is due to the fact that we cannot account for where that note has been, what if anything has been done to it, and for the overall subjective nature of note grading itself. In addition, the grade of a note may be affected if improperly stored and handled while in the holder. |
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Are all notes certified & encapsulated by PMG covered by the PMG guarantee? |
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The Grade Guarantee portion of the PMG Guarantee does not apply to notes given a "Net" grade by PMG. Only the Genuineness Guarantee portion of the PMG Guarantee applies to notes given a "Net" grade by PMG. The PMG Guarantee does not apply to attribution. The PMG Guarantee does not apply to notes which have been graded by PMG but have subsequently been subjected to abuse, alteration, or improper storage conditions such as (but not limited to) extreme temperature, moisture, damaging environmental conditions, excessive light, excessive motion, improper handling or vibration, or any other extreme conditions. The PMG Guarantee does not apply to notes that have been removed at any time from their original PMG holder, or to notes that – in PMG's reasonable opinion - bear any evidence of holder tampering or holder abuse. Additionally, any PMG certified note deemed by us to be representative of a clerical error is not covered by the PMG guarantee. This is an excerpt of the PMG Guarantee. Please read the Guarantee in its entirety. |
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How do I submit my PMG certified note that I feel may be overgraded? |
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These notes may be submitted through PMG's Appearance Review/Downgrade service. There is no charge for this service. |
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How do I resubmit a PMG certified note that I feel may be undergraded? |
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These notes should be submitted in their PMG holders through our "ReGrade" service, where you choose the cost and delivery turnaround tier for the notes you want ReGraded (ex. "ReGrade Express" 3 working days). |
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