PCGS (Professional Coin Grading Service) is now offering pack grading along with newer holders for smaller sized currency notes. Below is a discussion of why they’ve done this and the benefits it will provide to customers.

The Purpose of Pack Grading

The primary purpose behind pack grading is to assist those that want to submit currency note packs so they can be encapsulated. These pack holders, that allow for 50 (half) or 100 (full) consecutive style serial number notes which can be encapsulated within one holder, are ideal for the grading of bank currency packs that have collectible or are of historical significance, because they will be better maintained, protected and organized.

In the past, PCGS would grade individual bank notes, but with pack grading it is now possible to grade an entire pack based on specific collection attributes which are distinct to bank note packs, like keeping a certain run which has consecutive numbers and star notes. There are also instances where a note pack might be a collectible or historical for different reasons, like having origins which are specific to a certain bank hoard or famous collector.

Smaller Sized Note Holder Features

Aside from the pack grading rollout, PCGS unveiled its latest smaller sized note holder. The decision to create it was based on feedback which had been received from dealers as well as collectors. The majority of the submissions received by PCGS are for American smaller sized notes, as well as postage and fractional currency. PCGS also receives international notes which tend to be smaller when compared to currency issued in the United States, so by introducing the smaller holder it is hoped that these collectors will be accommodated.

The newer holders are also versatile and designed to hold a much broader variety of banknotes when compared to older holders. And PCGS has included their patented anti-counterfeiting technology which includes NFC (Near Field Communication). One of the earliest packs to become encapsulated for the updated multiple note holders is the complete one hundred note Series of 1934A five hundred dollar federal reserve notes which are consecutively numbered.

They were submitted on behalf of U.S. Coins of Houston that is pedigreed with the famous Taylor Family Collection, and is considered one of the country’s oldest bank note packs in existence. At the present time, pack grading has been made available for the majority of American smaller sized notes for complete quantities of one hundred notes or 50 half packs. Every note within the pack will be carefully examined via graders after which one grade will be granted in the form of the composite for its whole pack. That being said, stated grades doesn’t guarantee that every single note inside a pack will grade in that level should it be submitted individually. Every pack consists of one grading fee which is determined based on declared value for the pack along with an extra $60 fee which is required for the distinct pack holder. Additional information can be found on the official PCGS website.