How are the registry points given for each note calculated?

[tomtomtomtom-migration]

The reason that I ask is the huge range that I see when looking at different types of notes...ex: a small size legal tender 1928B star (5 known) PMG65EPQ is awarded 12,137 points.

A fractional currency 1296 (5 known) PMG67EPQ is awarded 4170.

Can someone explain please?

[Ali E.]

Thank you for the question, tomtomtomtom.

 

Here is a general description of how the PMG REGISTRY scoring algorithm, designed by our senior numismatic team, calculates Registry scores:

 

We place a score value on each note that is based on the relative rarity of its type, date and grade. This value takes many factors into account such as grade, population, market value, eye appeal and expert opinion. When a set is ranked in the registry, its rank is judged based on the total of the individual scores of all the notes.

 

As a basic guide to our system, collectors can look to the market as an excellent method of comparing the relative rarity of one note to another. There is simply no better indicator of how much a note is desired.

 

There is, however, no one perfect source that accounts for all the elements needed to be considered when ranking sets in the PMG Registry. Comparative values of notes in the market can appear distorted (especially at the top end). On the other hand, the grades alone are a poor indicator of how much "finer" a note is because the grade does not reflect the rarity of a note.

 

Through extensive market research, we are able to provide a ranking system that recognizes the intelligence of the market, but offers a more true reflection of relative rarity than does market value, because it appropriately adjusts for market distortions.

 

If you have a question about the Registry score of a particular note, please end us the certification number of that note, and we will look into it. Thank you.