QUERY: BANKNOTE GRADING, STAMPS AND OVERSTAMPS
The E-Sylum (2/12/2017)
On a related topic, Kavan Ratnatunga writes:
I assume if a laminated currency note was sent for grading it will be returned as unable to grade as mutilated. But I was amazed to find recently on sale on eBay attached PMG 64 certified US$2 note which had a UN and a US postage stamp affixed with ink cancellations.
I don't understand the grading logic - isn't this also a mutilated currency note? The question I have is how a mutilated currency note can be Uncirculated.
I have even found red faded on front maybe washed clearly dirty and VF condition at back that have been certified as PMG AU50. it seems grading is just a commercial enterprise not supporting numismatics but auctions to the gullible.