PMG Celebrates Surpassing Another Milestone: 7 Million Notes Certified!
Posted on 2/1/2022
Paper Money Guaranty® (PMG®) is excited to announce surpassing another milestone: 7 million banknotes certified. With this achievement, PMG maintains the title of being the largest and leading third-party certification service for collectible paper money worldwide.
Since 2005, PMG’s passion for authenticating and accurately grading notes has remained steadfast. PMG has continually innovated in order to safely protect and attractively display paper notes, with upgrades related to optics, security and preservation. PMG’s latest holder gives collectors another reason to continue submitting collectibles for certification.
Exceptional US rarities
In January 2020, PMG had the privilege of certifying more than 200 banknotes of D. Brent Pogue’s world-famous currency collection. His rarities include some of the finest examples of US currency, which can be viewed in this PMG gallery. The collection included 27 banknotes that each realized over $100,000 at a Stack’s Bowers auction. The top lot was an 1863 $100 Legal Tender graded PMG 65 Gem Uncirculated EPQ that realized $432,000.
|1863 $100 “Spread Eagle” Legal Tender note graded PMG 65 Gem Uncirculated EPQ and pedigreed to the Pogue Collection. Realized: $432,000 in March 2020Click images to enlarge.|
Because of PMG’s excellent reputation, auction houses regularly present PMG-certified notes, and their sale results reflect collectors’ trust in the expertise of PMG’s graders. The famous “Del Monte” error note made the news when it realized $396,000 at a Heritage Auctions sale in January 2021. After being certified through PMG’s CrossOver service, it sold for over 10 times the previous price of $25,000.
|The "Del Monte Note" a US 1996 $20 Federal Reserve Note graded PMG 64 Choice Uncirculated EPQ with a notation of Obstructed Printing Error with Retained Obstruction. Realized: $396,000 in January 2021
Click images to enlarge.
PMG’s popular CrossOver service enables notes encapsulated in PCGS-branded holders to be reviewed for PMG certification. Andrew Shiva recertified his entire collection of over 1,000 National Bank Notes with PMG. Possessing museum-like quality, these notes were issued between 1862 and 1935 and are some of the rarest examples to exist. The New York CH# 29 The First NB of the City of New York graded PMG 20 Very Fine, belonging to Shiva, is the only one out of the three known examples to be in private hands.
|New York The First NB of the City of New York 1875 $500 graded PMG 20 Very Fine Click images to enlarge.|
PMG-certification is valued around the globe, with the majority of submissions to PMG being world banknotes. Recently, PMG-certified world banknotes have achieved amazing results at auction. For instance, a spectacular group of seven Zanzibar banknotes was recently certified by PMG. Altogether, the notes realized over $850,000 in a Spink sale in January 2022.
|Zanzibar 1920 500 Rupees graded PMG 35 Choice Very Fine.
Part of a group of seven notes that realized $852,000 Click images to enlarge.
With over half of submissions from China, over 3 million Chinese banknotes have been certified and recorded in the PMG Population Report. Among them is a Hong Kong, Oriental Bank Corp. June 1, 1860 5 Dollars graded PMG 12 Fine, the earliest known issued banknote from Hong Kong. It realized £161,200 (about $220,000 USD) in an August 2021 sale presented by Dix Noonan Webb.
|Hong Kong, Oriental Bank Corp. June 1, 1860 5 Dollars graded PMG 12 Fine. Realized: £161,200 (about $220,000 USD)
Click images to enlarge.
Several of the scarcest examples of paper currency in history have been authenticated through PMG. An elusive Hong Kong, Chartered Bank of India, Australia & China 1912 500 Dollars graded PMG 15 Choice Fine was featured in a January 2022 Spink sale, where it sold for HK$1.62 million (about $207,700 USD). This particular banknote has fewer than five examples known to exist.
|Hong Kong, Chartered Bank of India, Australia & China 1912 500 Dollars graded PMG 15 Choice Fine. Realized: HK$1.62 million (about $207,700 USD) Click images to enlarge.|
Another extreme rarity PMG had the privilege to certify was a banknote from Iraq, with only about six examples known. Part of a PMG-certified collection of 70 Iraqi banknotes, the Iraq, Government of Iraq 1931 (ND 1941) 1/2 Dinar graded PMG 25 Very Fine sold for $210,000 in an August 2021 Lyn Knight Auctions sale.
|Iraq, Government of Iraq 1931 (ND 1941) 1/2 Dinar graded PMG 25 Very Fine.
Click images to enlarge.
The PMG team is also experts on certifying “discovery” notes, which are paper currencies unidentified by today’s leading paper money authorities. In fact, several banknotes “lost” over time have been rediscovered through PMG’s multi-step certification process. Unknown to specialists for decades, an enigmatic note submitted to PMG was determined to be a scarce Venezuelan 1864 8 Reales = 1 Peso, printed during a turbulent period in the country’s history.
Connect with the PMG community
PMG continues to serve collectors worldwide by expanding its global network, providing exceptional expertise in authentication, grading and encapsulation. Other fascinating collections of banknotes certified by PMG can be viewed in the PMG Galleries. Learn how to sign up for the free monthly PMG eNews and follow PMG on social media at PMGnotes.com/connect.
The PMG Registry allows collectors to display their collections and compete against others for prizes. The PMG Registry now has over 87,000 notes and 16,700 sets. To become part of this free, growing global community for free, become a member. Join Today!
- PMG-certified D. Brent Pogue Note Collection Realizes More Than $9 Million in Auction
- PMG-certified “Del Monte” Error Note Sets a Record with $396,000 Sale
- PMG Certifies the World’s Greatest Collection of National Bank Notes
- Group of Seven PMG-certified Zanzibar Notes Realizes Over $850,000 in Spink Sale
- Scarce PMG-certified Hong Kong Banknote Realizes Over $200,000
- Historic Hong Kong Banknote Certified by PMG Realizes Over $200,000
- PMG Certifies Dual Denomination ‘Discovery Note’ from Venezuela’s Distrito Federal
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