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

[thirdgreenham]

As the title asks, how does rust from a paper clip affect the grade of a note?

 

Thanks,

 

Andy

[Moon]

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.

[MK1414-migration]

Does the "net" lower the grade?I mean is a net 12 really a 15 or 20 but with a stain or rust giving it a net?

[jonruns-migration]

Why did this note not get a NET grade??

 

[SouthFlorida guy]

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

 

[Bruce Thornton]

Why did this note not get a NET grade??

 

 

 

Looking at the image it appears the rust on this note is very minor. We can take another look at the note if you wish to send it in for a regrade

[Moon]

SouthFlorida guy - Do you have the certification number on these notes?