centering – US Notes

Centering Standards for Small-Size Federal Reserve Notes: How PMG and PCGS Measure Margins and When Centering Caps a Grade

June 15, 2026June 15, 2026 by

Centering is one of the most misunderstood grading criteria in paper money collecting, yet it can be the single factor that drops a crisp, bright note from a 67 to a 63. This guide breaks down exactly how PMG and PCGS Currency measure margins on small-size Federal Reserve Notes, which series are notorious for poor centering, and how savvy collectors can use this knowledge to find undervalued gems.

The Importance of Margins in Currency Grading: How Centering Affects PMG and PCGS Scores

June 15, 2026June 15, 2026 by

Centering and margins can make or break a currency grade, turning a potential gem into a problem note before an expert ever checks for folds. Understanding how PMG and PCGS evaluate margins gives collectors a critical edge when buying, selling, or submitting notes for grading.