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kweb1965

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Journal Comments posted by kweb1965

  1. That note was graded by the old CGA that was charged with over grading.  The current firm uses a Star or Diamond to distinguish between the new and old CGA.  I agree that note does not look like a 64 to me, I think a 55 is fair.  I would not trust CGA prior to 2009, i.e. ones without a Diamond or Star on them.
    Kevin

  2. I have not heard of CGC before, are they even in business?  The holder does not look like decent quality and the grade looks a little high.  I may be off, but it looks more like a 62 or 60.  With regards to CGA, they were bought out by John Spinelli in 2009 and he has really turned that place around.  However, a lot of people got burned by them prior to 2009 and thus, there reputation is still suffering.  The "Diamond" and "Star" that I own appear to be graded fairly, but they have become conservative and very cautious with their grading.  I used to use PCGS for most of my grading, but I am moving over to PMG because PCGS takes way too long to grade notes, i.e. 4 to 5 months.  CGA is quick, 14 to 21 days, but the notes cannot be sold on eBay, and PMG takes only 45 days or so to grade.  CGA is great for lower cost and foreign notes though. 

    Kevin