Does E.P.Q. and P.P.Q. add value to a note?
Absolutely, without a doubt, the E.P.Q. or P.P.Q. adds great value to any note, especially on the Ultra High Denominations $5,000 and $10,000 bills. There are not many $5,000 and $10,000 bills with P.P.Q. or E.P.Q. attached. I believe the E.P.Q./P.P.Q. designation adds an additional 15% to 25% to the value to a $5,000 or $10,000 bill, especially when the notes are in Uncirculated condition with grades 60 to 66E.P.Q./P.P.Q. Less than 10% of $5,000 and $10,000 notes have P.P.Q. or E.P.Q. designators. I believe there are now three $10,000 bills in the 66E.P.Q./P.P.Q. holders. I sold one in the PMG-66E.P.Q., it was from the Chicago district. There are two 1934 Chicago notes and one Kansas City $10,000 bills in 66E.P.Q.
Even small size notes and large size notes with the P.P.Q./E.P.Q. designations bring premiums over the non E.P.Q./P.P.Q. graded notes. Some collectors only collect E.P.Q./P.P.Q. graded notes.
Any uncirculated note receiving an E.P.Q or P.P.Q. states that this note has never been doctored in any way or manner. It will generally show embossing with perfectly squared corners and bright colors.
Circulated notes that receive the E.P.Q or P.P.Q. stares that that note has never been doctored and does not have any issues such as pinholes, tears, rips, ink or pencil marks, or any stains.
