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CGA Currency Slabs - Basement Self-Slabber?
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<p>[QUOTE="lettow, post: 8586810, member: 6986"]CGA was one of the pioneers of paper money grading. It ran into some reputation problems. It was then sold to a new owner who has been trying to rehabilitate the brand. It is considered a second (or third) tier service.</p><p><br /></p><p>Ebay has strict guidelines to allow you to list a TPG note. The company has to have an online population report. At least one of its principals has to be a member of the Professional Numismatic Guild. There are more.</p><p><br /></p><p>CGA does not meet one or more of Ebay's requirements. It is probably unfair to refer to it as a basement self-slabber. There is no indication that CGA grades notes belonging to its owners or sells notes it grades.</p><p><br /></p><p>The notes graded by the new owners have a diamond next to the number. Anecdotal evidence indicates these are mostly good. Some have reported being able to get notes they bought cheap because of the CGA holder crossed to PMG or PCGS at the same grade.</p><p><br /></p><p>CGA notes won't get the same money as their PMG or PCGS counterparts. For the most part, buyers look at them as raw.[/QUOTE]</p><p><br /></p>
[QUOTE="lettow, post: 8586810, member: 6986"]CGA was one of the pioneers of paper money grading. It ran into some reputation problems. It was then sold to a new owner who has been trying to rehabilitate the brand. It is considered a second (or third) tier service. Ebay has strict guidelines to allow you to list a TPG note. The company has to have an online population report. At least one of its principals has to be a member of the Professional Numismatic Guild. There are more. CGA does not meet one or more of Ebay's requirements. It is probably unfair to refer to it as a basement self-slabber. There is no indication that CGA grades notes belonging to its owners or sells notes it grades. The notes graded by the new owners have a diamond next to the number. Anecdotal evidence indicates these are mostly good. Some have reported being able to get notes they bought cheap because of the CGA holder crossed to PMG or PCGS at the same grade. CGA notes won't get the same money as their PMG or PCGS counterparts. For the most part, buyers look at them as raw.[/QUOTE]
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