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PCGS to get back into paper money grading. First submissions accepted in January
Published on November 20, 2019
Professional Coin Grading Service (PCGS) announced that the grading authority will again be authenticating, grading, and certifying United States and world paper money domestically.
November 19, 2019 – Professional Coin Grading Service (www.PCGS.com) will again be authenticating, grading, and certifying United States and world paper money domestically with the launch of a new service, PCGS Banknote (www.PCGS.com/banknote), in early January 2020.
The company has successfully provided PCGS Gold Shield brand grading of U.S. and world paper money at its international Asia and Europe offices for the past four years. It now will offer those services in the United States and overseas under the new name, PCGS Banknote, with technologically advanced note holders for greater security.
“We are expanding our expert services to again assist collectors and dealers in the United States with paper money experts at our Southern California headquarters,” said Bruce Thornton, PCGS Director of Banknote Grading. “All notes certified and holdered by the PCGS Banknote service have a lifetime guaranty of authenticity and grade.”
PCGS will be accepting submissions of all denominations and types of U.S. paper money from Colonial-era and Continental Currency to modern-era notes. PCGS Banknote expert services include grading, re-grading, crossover, and re-holdering.
Qualifying notes will be evaluated on a 70-point grading scale with 27 possible grade designations ranging from Good (G04) to MS70 PPQ (Premium Paper Quality).
“PCGS Banknote also will use “Details” designations to accurately describe the condition of certain notes that exhibit damage or problems exceeding what is expected for any particular grade, such as heavy staining, significant trimming, or repairs,” explained Thornton.
“We’ve been preparing for this launch for the past year, assembling additional paper money experts and expanding our existing operations and technology so that banknote submitters can receive the consistent, high-level of service and the top expertise PCGS has offered since opening for business in 1986,” said PCGS President Brett Charville.
“Extensive research went into the development of state-of-the-art security features, both covert and overt, for our new banknote holder and insert. Customers also will continue to benefit from the world’s only collectibles guarantee program offered by a publicly held company, and they’ll get the same convenient assistance as always from our experienced Customer Service staff,” stated Charville.
Membership and benefits in the PCGS Collectors Club are now extended to banknotes and those who submit them. PCGS Collectors Club members will be able to submit coins and banknotes without purchasing an additional membership. Collectors Club Vouchers will also be eligible for use on PCGS Banknote submissions.
PCGS Banknote customers will be able to enjoy utilizing PCGS Cert Verification, Pop Reports, message boards, and educational materials, and the PCGS Set Registry will be expanding to include PCGS Banknote sets.
PCGS will officially begin accepting banknote submissions by mail and via take-home submissions at shows on January 2, 2020.
Collectors Universe, Inc. (Nasdaq: CLCT), parent company of PCGS, operated PCGS Currency from 2005 until 2009 when it sold the banknote grading division to another company and licensed the trademark and brand name for 10 years until this past January.
For information about PCGS Banknote services, including how to submit your notes for authentication and grading, visit www.PCGS.com/banknote. More detailed information coming soon.
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About Professional Coin Grading Service
Professional Coin Grading Service (PCGS) represents the industry standard in third-party coin authentication and grading. Since 1986, PCGS has examined and certified over 42.5 million coins, medals, and tokens with a combined value of over $36.1 billion. For more information about PCGS products and services, including how to submit your coins for authentication and grading, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.
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