PMG Announces Modern Grading Tier
Posted on 4/28/2017
Paper Money Guaranty (PMG) has added a new grading tier for modern notes, defined as those issued 1960 to present.
Modern paper money has become immensely popular in recent years thanks, in part, to the expansion of PMG certification internationally. The new PMG Modern grading tier acknowledges the significant growth of this segment of the market and provides collectors and dealers with a cheaper certification option for these notes.
The Modern (1960-present) grading tier is $18 per US note and $20 per world note that meet the following requirements: Maximum value $500. All notes issued 1960 to present except error notes, US BEP-issued bonds, specimens, proofs, US essays and notes not listed in Friedberg, Schwan, Charlton or the Standard Catalog of World Paper Money. No minimum note requirement.
In addition to the new Modern tier, PMG has removed the 5-note minimum from its Economy tier. It will also require that all Add-On Services be submitted on separate submission forms except for Variety and Pedigree.
The above changes apply to direct submissions to PMG at its US offices and are effective May 1, 2017. Updated submission forms will be available on the PMG website or by contacting PMG Customer Service. All notes shipped to PMG after April 30, 2017, must be accompanied by the new submission forms. Please note that US and world notes must still be submitted on separate submission forms.
Questions? Please contact PMG Customer Service at 1-877-PMG-5570 (764-5570) or Service@PMGnotes.com.
PMG Collectors Society paid members can submit their notes directly to PMG. Elite Collectors Society members receive a 10% discount on PMG grading tiers. Not a PMG Collectors Society member? Paid memberships start at just $39/year. Join now!
Want news like this delivered to your inbox once a month? Subscribe to the free PMG eNewsletter today!