CoinWeek IQ: Grading Currency Notes on Location at PMG - 4K Video

How does PMG process and grade paper money? We sought the answer to these questions in our visit to PMG headquarters in Sarasota, Florida.
In this exclusive CoinWeek IQ video, we go from start to finish, following a paper money submission all the way though the process.
And oh! what an order it is... U.S. notes from the Educational Series of 1896, a "Tombstone" note, an Indian $5, and more...
Since its founding in 2005, PMG has certified more than 1.8 million notes. Now you get to see how they do it!
This exclusive CoinWeek video was made possible with the generous help of NGC.
CoinWeek IQ Video: #027
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[@coins_1232]

Nice video , Can i ask why he wasnt handeling the note with all that care ? He seemed to hold the note very hard and flipped it over very hard like he didnt care. I was just wondering the science behind that. It looks like your affecting the grade a little

[@nonplayerzealot4]

A grader knows how to handle a note without messing it up. Otherwise, he wouldn't have the job in the first place. What looks like no care at all to a layperson is actually the way a professional grader handles bills. Turning it slowly doesn't ensure that no crinkles will be imparted to the paper any more than turning it somewhat quickly will.

[@nonplayerzealot4]

Besides, very few notes ever grade 69 or 70. Any marks that might theoretically come from such a minor amount of handling wouldn't affect most bills. You'd have to start with a mint fresh bill to impart a noticeable crinkle or mark in the first place. Even mint fresh bills are rarely graded 70. I've only seen one 70 in any demonimation personally. You can go to a site like Heritage Auctions and search for 70s after you've established an account and can confirm for yourself how rare those are.

[@nghoitai]

yeah agreed with u, no gloves... omg... contamination!

[@raynac224]

Why no gloves! is he insistant on burning his mark into everything with his corrosive finger acids!?

[@CurrencyofEarth]

Very imformative! Thanks for sharing the video with us :)

[@coincollectingfun]

Excellent video!

[@sunwaymas]

Will the way he handled the note leaves “ Evidence of Handling “ ?

[@constantincraciun3503]

hello who can help me with the address I want to encapsulate banknotes

[@MrMilleno]

Thank you for the information.

[@jimjones6901]

Do you know if it is hard to get a job as a coin grader? If so, what classes do you think I should take?

[@NandiCollector]

Very informative video. Thank you. :)

[@tedcheung7869]

Is it normal that there is some air in PMG holder？Because I have one.

[@JohnSmith-zl8rz]

those sleeves are made of Mylar ???

[@antoniusbritannia8217]

0:47 Wow, that Bob Smith on Main St. Sure does have a nice collection. 😉

[@coinweek]

Good eye!

[@antoniusbritannia8217]

coinweek Numismatists pay attention to small details! :-)

[@coinweek]

That was a detail that we worked with PMG to "alter" so that we protected their customer's privacy. The video does show an actual customer order.

[@antoniusbritannia8217]

coinweek Just wanted to say this was another great video. Your channel has the best numismatic content, consistently. I am always excited to get a notification from you!

[@coinweek]

Our next video is going to be pure🔥🔥🔥🔥🔥🔥

[@deannascott3475]

The first person does not use gloves, and then it shows a second person using gloves...What is the deal with that?...The first person not using any gloves negates any reason for the second person to use gloves...Seems rather goofy...

[@nonplayerzealot4]

That's because the 2nd person is encapsulating the bill. They wear gloves so they won't get a fingerprint on the inside of the holder, that's the only reason. You would be able to see a fingerprint thru the case and it would drive you crazy. They have to wear gloves to prevent that or they'll have people sending stuff back demanding that they re-do it for them. The reason the actual GRADER doesn't wear them is to determine the paper quality of the bill. They need to be able to feel the paper to tell if it's fake or if it has repairs or if it is excellent quality -- there's an attribution that goes onto the holder in those cases. They don't (really, they can't) wear gloves so they can figure that all out. Old bills often have rebuilt edges and/or corners. Bear in mind, coin graders don't wear gloves either. These people are skilled in handling bills and coins w/ bare hands. People see no gloves and automatically assume that they're doing something wrong.

[@Apaleutos24]

If you won't feel...you can't evaluate...and without evaluation grading process isn't going to take place.

[@abdulfatahu5700]

Yes

[@constantincraciun3503]

hello who can help me with the address I want to encapsulate banknotes

[@ajalandoversus4863]

Go to PMG Website And they will they you

[@stanrabbo1264]

UNBEIIEVABLE.If someone handled my paper money banknotes as roughly as these people from PMG did they would get a smack in the gob.

[@martelgopro]

stan rabbo the same thing happened in pcgs

[@constantincraciun3503]

hello who can help me with the address I want to encapsulate banknotes

[@ajalandoversus4863]

They dont wear gloves because its you will not know the texture of the banknote so they can get the correct score for You..

[@mjbzerk894]

It really doesn't matter those notes he was grading were uncirculated. Depending on what label you purchase because pmg has plenty will determine the value. You pay for quality assurance. Notes under $300 value simple holder $15 USD per 50. You have a note that's worth $20000 pmg charges 1%. You need submission forms and an account to even begin to deal with them. But at the end of the day it's upto individual collectors choices when buying Banknotes. Personally I'd pick graded Banknotes over anything else because what you are buying is real. Yes you may buy Banknotes all the time and never have a problem but it can occur more frequently then you can imagine if you are not trained so it's always buyer beware which in PMGS case they have never ever been questioned on legitimacy. Hence why it's big business. The United states Banknotes are all the same size, it's very easy to turn a $1 into a $100 and it's been done plenty of times before with an inkjet printer so that wad of 1899 uncirculated silver certificates that you bought for $4000 USD turns out to be nothing more then shit paper. Buyer beware

[@simonsays1122]

Shouldn't gloves be worn? All that oil is now on the notes!!!!!!!!

[@nonplayerzealot4]

They have to touch the notes with their bare fingers to feel the paper quality. They don't use gloves when grading coins, either.

[@constantincraciun3503]

hello i would like to capsule and i can help me with an email at this company

[@forrestgump4845]

yep，i think you are right

[@ajalandoversus4863]

@@nonplayerzealot4 Yall Righhhhttt

[@Crazycreater101]

Soon the note turns yellow finger print hahaha

[@pristineview]

The 2nd grader didn't wear gloves!?!

[@lex1705]

I am also disappointed!

[@nonplayerzealot4]

That's because graders don't wear gloves as a rule. Coin graders don't either. There is a feel to genuine paper, paper quality, and quality of embossing that a grader needs to access. The encapsulator wears gloves to avoid getting a fingerprint on the interior of the holder.

[@pristineview]

nonplayerzealot4 thanks for the info, makes sense. Cheers.

[@ShingYong84]

Uhm.. Bare hands 😂

[@sandermiller7702]

1

[@iiijcr]

NO GLOVES!!! YOUR FINGERS AND HANDS HAVE OIL IN AND ON THEM. IN TEN OR TWENTY YEARS FROM NOW YOU WILL SEE PRINTS ON THE BILLS.

[@tomaud]

Collector who can not grade his own notes is not a collector! Can't slab something that one can't open back to inspect! That does not work that way|!

[@JohnSmith-zl8rz]

WAIT! all you PMG collectors are WRONG! why? why you think that PLASTIC sleeves protect paper??? even some archivist DON'T like use mylar to preserve paper, any plastic is not healthy to storage paper, yeah yeah looks nice but that sleeves are not the best, the best way to preserve paper is used other preservation papers, I bet a lot here will be blame for say all this becuase you love his paper money throug a window sleeve but like I say some archivist even don't like Mylar due plastics can make wavy the paper due temperature and humidity etc. This is a hard debate, PMG snobs never say anything about that, due they have a solid business.

[@simonchee4163]

poor handling.didnt wear glove