Frequently Asked Questions
What notes will not be graded by PMG?
PMG will not grade notes that are counterfeit, are of questionable authenticity or have been altered. Most notes that are issued for reasons other than socioeconomic exchange are not eligible for PMG certification and PMG will not grade checks, stocks or satire and advertisement scrip. In addition, PMG maintains a list of specific note types that are not eligible for PMG certification. Learn more >
What does it mean if my note was returned with a label that says "Questionable Authenticity"?
If PMG graders believe that a note is likely not genuine, but its research is inconclusive, the note will be labeled "Questionable Authenticity" and not encapsulated. In most instances, the full grading fee will be refunded. However, notes without serial numbers, unique serial numbers or identifiable serial numbers, as well as notes with a block number only, will be assessed a £5 processing fee. Examples of these notes include, but are not limited to, select Specimens, Proofs, Essays, Fractional Currency, US Remainders and regular issue notes with block numbers only.
For more information, click here.
What is Exceptional Paper Quality (EPQ)?
An Exceptional Paper Quality (EPQ) note is, in the opinion of PMG graders, completely original. EPQ notes will not have been physically, chemically or materially processed to give the appearance of a higher grade. Notes exhibiting normal wear-and-tear for their grade are eligible. All notes graded Very Fine 25 and higher will be evaluated for the EPQ designation. Notes must qualify for the EPQ designation to grade Gem Uncirculated 65 and higher.
What is the PMG Star () Designation?
PMG assigns its trademarked Star () Designation to notes that have exceptional eye appeal for their assigned numeric grade. For a note to be designated with a Star () by PMG, it must exhibit exceptionally strong plate and/or overprint embossing, vibrant ink color, and pristine paper quality exceeding the well-established standards used to determine the Exceptional Paper Quality (EPQ) Designation.
All US and world notes are automatically evaluated for the distinction of the PMG () Star Designation. Notes that do not qualify for the EPQ Designation will be disqualified from receiving the Star Designation.
It is important to note that the () is assigned irrespective of the notes’s numeric grade. For example, a PMG Gem Uncirculated 65 may be at the low, middle or high end of the PMG Gem Uncirculated 65 grade.
Notes graded PMG Gem Uncirculated 70 must also qualify for the PMG Star () and EPQ Designations.
What is a “Net” grade?
A “Net” graded note is one that exhibits mishandling or problems that are more significant than one would expect for the assigned numeric grade. Notes with moderate-to-extensive circulation are expected to exhibit some problems and PMG will not assign a “Net” grade unless these issues are severe. If a note is “Net” graded, the problem will be listed. Common problems include a tear, PVC damage, a missing corner, an amateur repair and extensive staining, ink or writing. The grade guarantee does not apply to Notes given a “Net” grade by PMG. Notes with “Net” grades are guaranteed to be genuine only.
What is a Pedigree?
A pedigree describes the current and/or past ownership of a note. It notates the collector or collectors who have previously owned a particular note. For example, a note from the collection of Drs. Edward and Joanne Dauer may be pedigreed “Drs. Edward and Joanne Dauer” or “Dauer” on the PMG certification label. PMG will pedigree notes to significant collectors or collections if sufficient documentation is provided. Pedigrees can also be used to describe hoards. A submitter may request that their own name or the name of a collection be listed as the pedigree on the PMG certification label, subject to PMG’s approval.
What do I do if I think my PMG-certified note is overgraded?
PMG offers a free Appearance Review service in the event that someone believes that a PMG-certified note is overgraded. Notes that are reviewed and downgraded by PMG are covered by the comprehensive PMG Guarantee of grade and authenticity. To read the full PMG Guarantee, click here.
What do I do if I think my PMG-certified note is undergraded?
If you believe your PMG-certified note is undergraded, you may submit it to PMG under the “ReGrade” service tier. An applicable grading tier must also be selected.
PMG Grading Process
What is the PMG grading process?
When a submission is received by NGC UK, it is opened by trained staff under security cameras. Each note is entered into NGC UK’s proprietary system and assigned a unique identification number with a barcode that is used to track the note throughout the PMG grading process. Relevant submission information, including a description of each note, is entered into a proprietary computer tracking system.
NGC UK sends submissions with insurance coverage (based on the submitter’s declared value) to PMG headquarters in the US for authentication, grading and encapsulation. Upon arrival at PMG headquarters, the submission’s status is updated, and the notes are separated from the submission paperwork so that PMG’s graders never know the submitter's identity, which ensures impartiality.
Notes are then transferred to the PMG grading room, where multiple professional graders carefully examine each note. After grading, notes are encapsulated in PMG’s archival-quality holder designed for long-term preservation and protection.
After encapsulation, notes are returned to the PMG grading room for a final inspection.
Finally, the notes are matched to the original submission form and brought to PMG’s shipping department. Every note is individually counted and checked against the submission paperwork to make certain that no mistakes occurred. Notes are then securely packaged in a sturdy cardboard box and are ready to be sent back to NGC UK, again with insurance coverage based on the submitter’s declared value.
What measures are in place at PMG to ensure the safety of my notes?
PMG headquarters is a secure 6,000-square-meter purpose‐built facility with two large vaults, a staff of armed guards and more than 150 security cameras. NGC UK also has extensive security measures in place to protect collectibles in its care.
All submissions are opened under security cameras and each note is immediately assigned a unique identification number that is used to track it throughout every stage of the grading process. All notes are fully insured while in PMG and NGC UK's possession and are handled only by trained staff.
Why do PMG graders not wear gloves?
Gloves make it more difficult to examine a note and increase the likelihood of it being torn or mishandled. It is widely accepted within numismatics that a note should be held with clean, dry hands and without gloves.
Similarly, librarians who handle rare books are generally discouraged from wearing gloves due to the increased likelihood of tearing a page or otherwise damaging a book. The Library of Congress, for example, states that “contrary to widespread belief, gloves are not necessarily recommended to handle rare or valuable books…it is generally preferable to handle your books with clean hands, washed with soap and thoroughly dried, rather than with gloves.” Extensive research on this subject is available online.
Do you buy, sell or appraise notes?
No. NGC UK and PMG do not buy, sell or appraise notes in order to maintain their independence. NGC UK and PMG are focused on providing expert and impartial assessments of authenticity and grade.
Can I check the status of my submission online?
Yes! NGC UK Collector members and NGC UK Authorized Dealers may log in at PMGnotes.uk to track the status of their submission. Submitters may also contact NGC UK Customer Service at Service@PMGnotes.uk or call + 44 (0) 20 3968 3848.
If a note is removed from a PMG holder can I be assured that it will receive the same grade if resubmitted to PMG?
No. Once a note is removed from a PMG holder, the PMG Guarantee no longer applies. This is because PMG cannot account for where that note has been, what if anything has been done to it, and for the overall subjective nature of note grading itself.
What if my PMG-certified note has an outdated Pick catalog number?
PMG attributes most world paper money according to "Pick" catalog numbers described in the Standard Catalog of World Paper Money. These catalogs are continually updated by Krause Publications and, on occasion, some catalog numbers are changed. As a result, some PMG-certified notes are encapsulated with a label that has an outdated Pick catalog number.
Changes to the Pick catalog numbers are completely outside of PMG's control and PMG therefore cannot be responsible for notes that are no longer correctly attributed on the PMG label due to a later Pick numbering change. When attributing notes, PMG will use the most current Pick catalog numbers in the Standard Catalog of World Paper Money. For PMG-certified notes that have a now-outdated Pick catalog number, PMG will discount its ReHolder rate to £9 to update the attribution. Similarly, PMG will offer this discounted ReHolder rate of £9 to update the label for notes that were previously encapsulated with a Pick Unlisted attribution and have since been assigned a specific Pick catalog number.
NGC UK Collector Membership
What are the benefits of NGC UK Collector membership and how do I join?
Paid NGC UK Collector members receive direct submission privileges as well as various discounts. Click here for details.
Can I submit to other Certified Collectibles Group (CCG) companies?
Yes. Your NGC UK Collector membership entitles you to submit to NGC International UK Limited (NGC UK) as well as Paper Money Guaranty (PMG), Numismatic Guaranty Corporation (NGC) and Numismatic Conservation Services (NCS).
Does the grading credit I receive with my NGC UK Premium Collector membership expire?
Yes. This credit expires one year from the day it was issued.
How do I use my member credit?
If you joined as an NGC UK Premium or Elite Collector member, your £125 grading credit will be posted to your account instantly. It will then be automatically applied to your submissions until the credit is exhausted.
If you have a member credit, you must still provide a valid payment method to cover shipping and handling fees.
Can I transfer my membership credit to a friend to use?
No. The credit is only valid for the member to whom it was issued.
Is my membership refundable?
Because of the benefits you received with your membership, a prorated refund is generally not available. However, if you have signed up for auto‐renewal and have not used any grading credits that you may have received, you may cancel your membership within 30 days of auto‐renewal to receive a refund of your membership fees. Contact NGC UK Customer Service at Service@PMGnotes.uk or + 44 (0) 20 3968 3848 for more information.
How to Submit to NGC UK
Where is PMG located?
PMG’s headquarters is a secure 6,000-square-meter purpose‐built facility in Sarasota, Florida, USA. In the UK, NGC International UK Ltd. (NGC UK), an affiliate of PMG, operates a submission office in Bloomsbury, London. PMG also has submission offices in Munich, Hong Kong and Shanghai as well as Official Submission Centers in the UK, the Netherlands, China, Singapore, Korea, Japan, Thailand and Malaysia.
How do I contact NGC UK?
Contact NGC UK by mail, telephone or email:
NGC International UK Ltd.
69 Southampton Row, Bloomsbury
WC1B 4ET, London
Tel: +44 (0) 20 3968 3848
Fax: +44 (0) 20 3968 3849
How do I submit to PMG?
NGC UK Collector members may submit their notes directly. Join today!
Once you are a member, contact NGC UK on +44 (0) 20 3968 3848 or at Service@PMGnotes.uk to schedule an appointment to drop off your submissions. You must schedule an appointment to submit. NGC UK does not accept submissions by post at this time.
Many NGC UK Authorized Dealers also accept submissions from the public.
How do I access the submission forms?
To access submission forms, simply log in, click on the profile symbol (head icon) in the upper right corner of the website and click on "My Submissions." Select the appropriate form for your location and collectible type.
What is the cost of PMG grading?
NGC UK’s grading fees are generally based on a note’s fair market value and the submitter’s desired turnaround time. For a comprehensive list of all NGC UK grading tiers, service tiers, fees and requirements for PMG submissions, click here.
Why do I need to list my note's value on the submission form? How do I know its value?
NGC UK uses the submitter's declared value to insure the note while it is in its care and, when applicable, in transit between NGC UK and PMG Headquarters in the US. The note's value also determines the PMG grading tier. Since PMG guarantees the authenticity and grade of notes that it certifies, it charges a higher fee for more valuable notes. For more information, read the Declared Value Policy.
NGC UK does not value or appraise notes but it does provide a price guide on its website to help collectors approximate their note's value.
PMG World Paper Money Price Guide
Can I drop my notes off at your office?
NGC UK Collector and Dealer members can drop off and pick up their PMG submissions at our UK office in London or at shows by appointment only. To schedule an appointment, contact NGC UK Customer Service at Service@PMGnotes.uk or + 44 (0) 20 3968 3848.
Can I pick up my notes at your office?
NGC UK Collector members and NGC UK Authorized Dealers need to make an appointment with NGC UK to pick up their notes at our office. To schedule an appointment, contact NGC UK Customer Service at Service@PMGnotes.uk or + 44 (0) 20 3968 3848.