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Exceptional Paper Quality

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Is there any place on your website that list the criteria you use for grading a note "Exceptional Paper Quality?" If not, could you briefly describe them in response to this post.


Also, is it true that currently no note can be graded 64 or above unless it has the EPQ designation?


Lastly, is the EPQ designation, insofar as you know, equivalent to PCGS's PPQ designation?


Thank you.



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Hi Ackerman:


Thanks for your questions and your interest in PMG.


PMG uses the designation Exceptional Paper Quality (EPQ) for notes that, in the opinion of PMG graders, are original. By original, we mean that a note has not been physically, chemically, or materially processed to lend the appearance of a higher grade. PMG graders examine the embossing, inks, and overall integrity of each note to make the determination whether it will qualify for EPQ. Notes exhibiting normal wear-and-tear for their respective grades are eligible; normal wear may include factors affecting grade such as counting marks and folds. Notes receiving the EPQ designation must furthermore be unrestored. A restored note has had non-original material added to bring its appearance to a known or assumed state.


For currency to grade Gem Uncirculated 65 or higher, it must also receive the EPQ designation. No note meeting PMG’s standards for the Gem Uncirculated grade can have had its appearance altered to achieve this grade, and thus the highest grade assigned by PMG without the EPQ designation is Choice Uncirculated 64. The minimum grade for which a note becomes eligible for the EPQ designation is Very Fine 30.


I hope that this information is helpful.




Scott Schechter

Director of Marketing

Certified Collectibles Group

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