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The E-Sylum:  Volume 3, Number 44, October 22, 2000, Article 9

ANOTHER DEVASTATING REVIEW 

   Joe Boling writes: "For the devastating reviews input, here is 
   a review I wrote in 1984. It was published in IBNS Journal 
   23:3 ([Oct] 1984) p.78; and Paper Money 23:5 (Sep.-Oct. 
   1984)  p248.' 

   [Editor's note: the review is too lengthy to quote here in 
   its entirety; however, here are a few key segments] 

   United States Paper Money Grading Standard by Herbert J. 
   Kwart; Five Seasons Publishers, PO Box 397, Hiawatha, IA 
   52233; 1984; 44pp, softbound. 

   "Alas, I am sorely disappointed. This booklet is poorly written, 
   unedited, contains errors of fact, and provides no new insights 
   for collectors of notes in grades below XF.  It seems to be 
   aimed at investors, with the intent of justifying a price structure 
   for uncirculated paper money similar to that used for US coins." 

   "Moving down scale toward fine and lower grades, the new 
   standard follows the Pick standard fairly closely, and is a full 
   grade different from the Sandrock/Long standard in grades 
   below XF.  Having two different standards presented in the 
   same booklet is needlessly confusing.  It is at these lower 
   grades that I was hoping for better definition of "how grubby 
   is dirty" and "how flabby is limp."  The new standard does not 
   help." 

   "In short, this booklet is not very useful for the hobbyist. It may 
   have some utility for dealers who like to sell adjectival puff or 
   whose buyers know nothing about paper money and will feel 
   more comfortable with something that sounds like ANACS." 

   "The book is NOT RECOMMENDED. I'm sorry to say so, 
   because I was hoping for so much more. 

   Reviewed by Joseph E. Boling, N.L.G." 

  Wayne Homren, Editor

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