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<p>[QUOTE=&quot;Niel, post: 375517, member: 13422&quot;]I know there are diametrically opposed camps in this forum regarding TPGs, but I was curious what opinions y&#039;all might have regarding the ongoing litigation against Currency Grading and Authentication, Inc (C.G.A.)</p><p><br /></p><p>C.G.A. is one of the better known TPGs for paper bank notes. Before PCGS and NGC added notes to their services, C.G.A. was considered the more reliable TPG out there. Notes in CGA holders often brought premiums over raw notes of &quot;equivalent&quot; grade when sold at auction.</p><p><br /></p><p>Recently C.G.A was a defendant in two lawsuits brought by an Ohio Coin Dealer, Vince Cavo. The first suit was settled, the second is on-going.</p><p><br /></p><p>In the first suit the plaintiff alleged that&nbsp; a 1899 $5 Silver Certificate Star note in a CGA Gem Uncirculated 67 holder was significantly over graded and had in fact been repaired at some point in the past. Several experts in paper notes were querying along with an auction house and all agreed the note would now need to be listed as About Uncirculated, damaged, repaired. </p><p>In that suit the court entered a default judgement in favor of the plaintiff. </p><p><br /></p><p>The second suit alleges that an additional 50 notes graded by C.G.A. are significantly over graded. The plaintiff is asking for a bunch of money as damages.</p><p><br /></p><p><br /></p><p>My concern is that one or fifty-one bad notes are going to spoil the whole barrel of C.G.A. graded notes. </p><p>I have a few notes in C.G.A. holders. I&#039;m pretty confident that their grade matches what C.G.A. says....but if a paranoia develops regarding anything that C.G.A. put in a holder, it could significantly alter the value of the note should they be sold. </p><p><br /></p><p>Your thoughts?[/QUOTE]</p><p><br /></p>

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