Coin Collecting News » Paper Money Guaranty

PMG Announces Second-Generation Holder

NGC — Wed, 29 Dec 2010 16:43:06 +0000

The next generation PMG label and holder is scheduled for release on Jan. 3, 2011.

PMG will begin use of a new generation holder on January 3, 2011. All notes encapsulated after that date by PMG will automatically be placed in the new holder. Additionally, the new holder will be used for on-site grading during the Florida United Numismatists (FUN) convention in January. This holder marks the first design iteration of the PMG holder since the company launched in 2005. The second-generation PMG holder is made from the same high-quality inert materials and is very similar in shape and overall aesthetics; however, it features new, highly sophisticated anti-counterfeiting and tampering-prevention technologies.

While PMG has not had any reported instances of holder tampering or counterfeiting, the company’s mandate requires periodic reviews of the security of its products. PMG was able to take advantage of advances and technologies used by other Certified Collectibles Group companies, including NGC, in their own certification holders. Ultimately, the holder was upgraded to maintain PMG’s leadership role and the strong preference for its certification holder among currency collectors.

“Our newest label and holder fully satisfies PMG’s combined objectives of exceptional visual display, security and long-term preservation,” comments PMG Grader Richard Stelzer.

Some of the changes will be almost invisible. For example, the label in the second-generation PMG holder includes a conservation-grade UV fiber paper, as did the previous version, but also includes a new UV watermark. These features are not visible under normal light, but when viewed under ultraviolet light these features help confirm the authenticity of PMG product.

Additionally, spot metallic-foil and holographic patterns have been added to the label design and borders. A state-of-the-art hologram is also now fused directly to the label paper. All of these features combine to make the PMG label virtually impossible to reproduce.

The outside holder itself has also undergone important changes. The holder’s sealed edges now include an embossed pattern. The custom design relies on a unique safe-sealing method pioneered by Certified Collectibles Group. The complex repeating texture includes the PMG logo and other elements within the seal that also confirm the quality and thoroughness of the holder seal.

For more information or to have your notes encapsulated in the newest PMG holder, contact PMG customer service at 1-877-PMG-5570 or service@PMGnotes.com.

Paper Money Guaranty to Grade and Encapsulate ANA Bebee Collection

Certified Collectibles Group — Sun, 02 May 2010 11:00:29 +0000

Project Enables ANA to Showcase Collection at Boston Convention

The American Numismatic Association has contracted with its official paper money grader, Paper Money Guaranty, LLC to encapsulate, grade, appraise and provide a complete certification report for the ANA Bebee Collection of Paper Money.

The collection, donated to the ANA Edward C. Rochette Money Museum by Aubrey and Adeline Bebee in 1987, is one of most comprehensive collections of U.S. paper money ever assembled. It features 904 notes including national bank notes from virtually every state and territory and perhaps the finest collection of large-sized notes outside of the Smithsonian Institution.

“This agreement with PMG makes it possible for the ANA to share this fabulous collection with numismatists and paper money aficionados who, otherwise, might never have an opportunity to see the spectacular rarities collected by Aubrey and Adeline Bebee,” said ANA Executive Director Larry Shepherd. “The Bebees entrusted the ANA to protect and preserve their life’s work – but we also know that they hoped this special collection could be shared with the numismatic community. It’s a great feeling to know that we’ll now be able to expand our use of these notes for educational purposes, share them with the numismatic community, and preserve them for future generations.”

“This is such a special collection,” said Glen Jorde, manager of PMG, which along with NGC and NCS serve as the ANA’s official grading and conservation services. “So many of the Bebee specimens are either unique or the finest we’ve ever seen. The national bank note collection, with nearly every state and territory represented, blew me away. And the collection of large-sized U.S. notes is simply one of the finest anywhere outside of the Smithsonian.”

The Bebee collection, displayed on the ANA website , will be encapsulated in time for its inaugural display at the summer ANA World’s Fair of Money in Boston, August 10-14, at the Hynes Convention Center.

Beginning this month, PMG will accurately and safely grade and encapsulate each note into a holder designed for long-term protection. Three PMG graders will examine each of the notes to confirm authenticity, attribution and to render an opinion on its condition. Once graded, each note will be encapsulated along with a certification label. The information will then be recorded in PMG’s data management system and provided to the ANA. The project is scheduled for completion by June 11.

PMG will also provide the ANA with a fair market estimate of the value of the notes based upon the rarity and condition of the notes, which will enable the ANA to determine an overall value of the collection for insurance purposes.

“This collaboration between PMG and the ANA is really a landmark project for the community of paper money collectors. PMG certification will provide sharper insight into the exact contents of the collection, allowing its true importance to be more widely recognized. Because notes will be in holders that allow them to be safely handled, the collection can be viewed by more researchers, students and hobbyists than ever before, and the collection can be more easily preserved for future generations,” said Mark Salzberg, chairman of Certified Collectibles Group. PMG is a member company of the Certified Collectibles Group.

Accurate condition analysis by PMG also establishes the baseline for an upgraded preservation plan for the collection. Once the project is completed, PMG will assist the ANA in the periodic assessment of the notes’ condition and, at the request of the ANA, remove selected notes to assess their condition and stability. Assessments can be conducted, as necessary, in three-to-five-year intervals for up to 25 years.

In future years, the ANA will expand its Summer Seminar paper money seminars, utilizing the Beebe collection as a resource, and create courses specific to the collection. In addition, notes from the collection will be featured attractions in future Museum Showcase displays at ANA conventions.

Aubrey (ANA Life Member 110) and Adeline (ANA Life Member 4570) Bebee were among the most prominent numismatic collectors of the 20th century, and were ardent supporters of the ANA. Aubrey began assembling his world-class collection of U.S. paper money in 1941. The Bebees also donated an 1804 dollar (Idler/Bebee specimen) and 1913 Liberty Head nickel (McDermott/Bebee specimen) to the ANA Edward C. Rochette Money Museum, along with several other prominent pieces. The Bebees were honored with the Farran Zerbe Memorial Award in 1988 and the Lifetime Achievement Award in 1992; Aubrey received the Medal of Merit in 1968. Aubrey passed away in 1992 and Adeline in 1998.

The American Numismatic Association is a nonprofit educational organization dedicated to encouraging people to study and collect money and related items. The ANA helps its

32,000 members and the public discover and explore the world of money through its vast

array of education and outreach programs, as well as its museum, library, publications, conventions and seminars. For more information, call 719-632-2646 or visit www.money.org.

The Certified Collectibles Group (CCG) is a group of independent companies focused on the impartial, independent, and expert certification of collectibles. CCG services the numismatic space with four companies: Numismatic Guaranty Corporation of America (NGC), the world’s largest coin grading company; Paper Money Guaranty (PMG), the expert third-party grading service in currency; Numismatic Conservation Services (NCS), the first professional conservation company focused on the field of numismatics; and the Collectors Society, an online community frequented by 100,000 collectors.

PMG Discovers New Friedberg Variety

CoinLink — Tue, 18 Nov 2008 11:33:44 +0000

Paper Money Guaranty (PMG) is thrilled to announce that it has discovered a new variety of the 1915 10 Dollar Kansas City Federal Reserve Bank Note, which has been given the Friedberg number 817b. The Friedberg number refers to Arthur L. and Ira S. Friedberg’s Paper Money of the United States, the authoritative reference of US currency. The discovery note features hand-signed signatures rather than the engraved or stamped signatures seen on previously known varieties and is graded About Uncirculated 58 EPQ. It will be included in an upcoming Heritage Auction Galleries sale.

Chad Hawk, a grader at PMG, discovered the note. Chad commented, “This discovery is very special to me. I’ve been blessed to see some of the world’s finest notes, but this will stick with me forever.”

On its potential impact, Chad noted, “This discovery is important because it will encourage collectors to keep looking, because discovery notes are out there, waiting to be discovered. If more notes of this type surface, we may be able to find out why they began signing and hand-stamping the signatures in the first place. As Federal Reserve Bank Notes were among the first transitions from Nationals to Federal Reserve Notes, this discovery could help us understand more about the transition from signed notes to engraved plates.”

Federal Reserve Bank Notes came into existence with the creation of the Federal Reserve System. Two separate issues were issued: the series of 1915 and the series of 1918, and they are avidly collected and studied. The 1915 10 Dollar Notes from the Kansas City issuing bank carried the signatures of Teehee & Burke (Register and Treasurer of the US) and Cross & Miller (Cashier and Governor of the Federal Reserve Bank in Kansas City).

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