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How does rust from a paper clip affect the grade of a note?

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To answer your question, it may result in a “Net” grade.

 

What is a "Net Grade"?

 

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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To answer your question, it may result in a “Net” grade.

 

What is a "Net Grade"?

 

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.

 

Can you define exactly what is meant by repair?

 

Reason I ask is I just submitted 2 notes and both were graded NET....reason 'repair'.

 

Neither of these notes had tears, nor were glued/taped ect. Both had some minor creases is all.

 

THNX

 

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