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PCGS Banknote Grade Submission Results

Welcome to Polar Currency and video number 66 PCGS Banknote Grade Results. I was excited to get my notes back from PCGS Banknote. This isn’t a reveal or guess the grade video. I’m just documenting and relating my first time experience of submitted notes to be graded. For more information on the why and how I chose to get my notes graded check out my video: Making the Grade: My First Paper Currency Grade Submission LINK:    • My First Paper Currency Grade Submiss...   I’m going to go in order of the notes increased estimated value from what I purchased them for. I’m basing the new values only from the Friedberg book: Paper Money of the United States 23rd edition with the reminder that this source is only a guideline. So when you hear “value” or “book value” I’m referring to the Friedberg book pricing guidelines. I normally don’t provide values because it’s generally not my deal. But price is part of the game but I am a collector not a flipper. Like most of us I just don’t want to overpay for banknotes. But I thought it was important to show, as a lower budget collector, that with some patience, and experience, you can find and purchase raw notes with good eye appeal. Finally I wanted to experience the grading submission process for myself. Another aspect to collecting. This was a really good experience for me. The thing about submitting banknotes to be graded is that you have to provide the grading companies a value. In order to do that you have to determine the grade to get to a value. So you either have to find someone that is knowledgeable or learn yourself. I decided on the latter. I’ll continue to look for raw notes because I believe they are priced less than graded notes. But if you’re not confident with grading I highly advise you to purchase them already graded. Whether you're new to paper money collecting or a seasoned expert, there's always something exciting to discover. Polar Currency (   / @polarcurrency  ) explores the history of U.S. paper money, different types of banknotes, and ways to build your collection. Before the U.S. government issued paper money, state-chartered banks and private institutions provided their own currency, known as Obsolete Banknotes (or simply Obsolete Notes). These notes were used from 1792 to 1866 due to the federal government’s reluctance to issue paper money. Over 8,000 banks issued their own banknotes, making this period one of the most diverse and complex for collectors. However, obsolete notes had major drawbacks: 1) They were only as reliable as the bank that issued them; 2) A wide variety of designs encouraged counterfeiting; and 3) They were often only accepted near their place of origin. With the outbreak of the Civil War in 1861, the U.S. government needed a stable national currency, marking the end of obsolete banknotes and the beginning of federally issued money. The first federally issued paper money appeared in 1861, during the Civil War. Since then, the U.S. Treasury and the Federal Reserve have issued several different types of notes, including: United States Notes (Legal Tender Notes) – Issued from 1862 to 1971, featuring red seals; Gold Certificates – Backed by gold and issued from 1863 to 1933; Silver Certificates – Redeemable for silver, issued from 1878 to 1964; National Bank Notes – Issued by national banks from 1863 to 1935; Treasury Notes a short lived series, also called “Coin Notes” issued from 1890-1900; Federal Reserve Bank Notes – Another short-lived series issued in 1915 and 1918; Federal Reserve Notes – Introduced in 1914 and still issued today, now featuring green seals and serial numbers. There are many ways to build a collection, and each collector has their own specialty. Popular collecting strategies are by Banknote Type – Collecting specific categories like Gold Certificates, Silver Certificates, or National Bank Notes; by Serial Numbers – Fancy serial numbers, low numbers, or star notes (replacement notes); Error Notes – Misprints, double denominations, or inverted serial numbers; National Bank Notes – Collecting notes issued by specific towns or banks; Large-Size vs. Small-Size Notes – Large-size notes (1861-1928) vs. small-size notes (post-1928) and Modern U.S. Banknotes Since 1928, U.S. currency has been standardized into small-size banknotes, but designs have evolved. 1928-1996 notes are known as Small Head Banknotes, these had smaller portraits with the familiar green printed back. 1996-2003 saw the first major redesign introduced in 75 years with larger portraits and color-shifting ink these are called “Big Head” notes or Monochrome banknotes because of the new design issued in 2004. From 2004-Present modern currency has been colorized with features security enhancements, vibrant colors, and watermarks to combat counterfeiting. #PaperMoney #Numismatics #USBanknotes #CurrencyCollecting