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<p>[QUOTE=&quot;Niel, post: 743690, member: 13422&quot;]I have to disagree in part. There are many possible scenarios where one buys a note basically sight unseen. Take for instance eBay or any online auction or brick and mortar auction where one mails or phones in a bid. You can make a coarse judgement about a note from photos and descriptions (remembering that both can be exaggerated, falsified and mis-represented thru omission or other means)</p><p>But no matter how good a photo is, nor how honest and critical a written description is, some things may not be apparent unless one can give the note an in hand first person examination.</p><p>This is where the value of a TPG comes in useful. Another set of (supposedly unbiased) critical eyes has looked at this note and made an assessment as to its condition. </p><p>We each become the final arbiter on the condition of any note we have, but it is handy to have a &#039;trusted source&#039; who can help in the initial determination of whether to buy a note or not.</p><p><br /></p><p>The problem comes when a TPG that was trusted violates that trust. CGA didn&#039;t always overgrade or misrepresent notes. For some time they were *THE* TPG for notes. As such they were as respected and trusted as PMG and PCGS are today.</p><p>Somewhere along the line they changed their business practices and a lot of people have been hurt by following that trust...buyers and sellers alike.[/QUOTE]</p><p><br /></p>

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