Why PMG? [Risolto]

Why would anyone send their damaged banknotes to PMG? Just so they know for certain that is real?

China is land of the free and home of the fakes, in a way. 

I lived in Asia and you cannot imagine how many fake stuff are sold there. And selling fake stuff at exorbitant prices especially. Jade, fake coins, fake gold, fake medicine, fake this fake that. Making money out of fake stuff is called “being businessman” there. And there is no guilt in selling fake stuff. 

As a tourists in Europe, I like Asian people a lot, because they spend money on high quality items and stuff and are not stingy. They love numismatics and have same concerns about fakes, but are smarter in recognizing them in general dur to this problem.

I have seen people buying fake Imperial era bankontes and coins which were not graded and were simply coffee stained regular paper with a print. I would personally buy only graded items from China and would check graded holders if they have been tampered with. Silver coins are very popular to fake too. 

When you see Chinese items at auctions, that are not certified, 99% of the time serious numismatists will not buy them. Risk of getting a fake is enormous. 

Ionu

Why would anyone send their damaged banknotes to PMG? Just so they know for certain that is real?

Example:

 

 

I would imagine that it was submitted to PMG because it is a very tough/rare note to acquire & the owner probably was told it was Fine + (or over graded it himself).   Many collectors over grade when they start out. The Government of Hong Kong King George V note lasted only one brief year so only a limited # of prefixes were probably released.  It is the first of its kind, a key note, & likely missing in most collections. In 1936, the new King George VI note came out so while your note is low grade, at least it has been certified by the most highly recognized TPG in the field (PMG).  Your note does not appear damaged to me but very well circulated (unless I'm missing something) which is to be expected for its age. Are there any comments on the back? Take a look at Numista's example & you will see your note is miles ahead of that one.

Haha, I would love to own a banknote like that one! But sadly no, it's not mine - i found it on the internet and was wondering why it is graded even if the collector knew it was in a bad condition. Thank youuu, btw :)