Thrilled and Disappointed at the Same Time

I bought this 1890 Treasury Note professionally graded by PCGS as Very Fine 30, and crossed it over to PMG for my $5 Large Size US Currency Type Set. It came back upgraded to 35, but downgraded to Net for repairs.

After a close look, I can see where it was repaired. It was very professionally done and does improve the overall look of the note. I was thrilled to get an upgrade to 35, but disappointed to get the downgrade to Net. I can understand a difference of opinion between 30 and 35, but I think PCGS should have been able to spot the repair. Makes me wonder how closely they look at the notes, and how much time they spend on each note in the grading process.

I really like the note and am going to keep it, but I will have second thoughts about buying a note professionally graded by anyone other than PMG.

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