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overgrading doctored notes consumer fraud
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UPDATED June 29, 2009 We add CGA notes about every day "Well the fact is, if I had some process that could fool grading services [so] that I could make a lot of money, I'd be fooling around with my coins and not giving interviews at his minute" (Jess Lipka who on page 149 of How to Make Money in Coins Right Now tells Scott Travers 2nd edition) circa 2001 A quote from the "X" leader of CGA...."We try to give extra credit for original [condition] notes and we take grade away for notes that have been messed around with," Lipka said. SOMEONE IS DUMPING ALL IT'S CGA JUNK!!! Check out my weekly CGA notes to avoid on Ebay SAVE YOUR MONEY AND COLLECT RESPONSIBLY. LOOK HERE FIRST!! DON'T GET CAUGHT WITH YOUR PANTS DOWN CHOOSE A GOOD, RELIABLE GRADING SERVICE THAT YOU CAN COUNT ON. DID YOU EVER WONDER WHY PEOPLE GET UPSET OVER FACTS? MAYBE THEY ARE TRUE!!! A collector told me something about CGA; "We buy junk... We sell antiques" VINCE CAVO at KEYCURRENCY.COM
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![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() LESS THAN THE BEST, IN HIGH GRADE HOLDERS THANKS TO CGA AND PORSCHE !!! |
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| Statement of position: What I list on this portion of my website is as factual as it, and I can be. Nothing is falsely put together. Statements I make are credible because I try to deal with the more professional dealers in currency, many of which are PCDA members. Pictures are what they are, and the statements are of fact as I know them and learned through observations and dealings with other dealers in this industry, or data that is available to anyone. This information should be used to determine which grading service a collector might be interested in. | Here are some overgraded notes offered by JVSCOINS and jackcurrency via the CGA distribution network | ||||||||||||||||||||||||||||||||||||||||||
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IF YOU ARE WONDERING WHERE SOME OF YOUR CGA OVERGRADED LOSES WENT.....
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UPDATED June 6, 2009 CGA NOTES MIGHT WANT TO AVOID ON EBAY THIS WEEK AND RECENTLY: PORSCHEAHMET 1914 $100 PERFECT FRN B.FRANKLIN CGA GEM68 NOT A 68 PORSCHEAHMET 1914 $100 PERFECT FRN B.FRANKLIN CGA GEM68 not a 68
** 1869 $1 RAINBOW LEGAL TENDER **CU64 * Real Beauty** AU census Series 1891 $1 Silver Certificate CGA AU 58 or CU? PCGS XF 45 1886 $10 Silver Certificate XF 45 CGA LOOK!! Was PMG VF 35 1923 $5 Silver Certificate Porthole AU 50 CGA LOOK!! At best XF 40
1886 $10 Silver Certificate XF 45 CGA LOOK!! Previous PMG VF 35 Several other CGA notes look like problems to avoid EBAY
SELLER
1896 $2 SILVER CERT FR-248 C.G.A@65 GEM UNCIRCULATED PMG AU 55 census
AMERICAS FIRST $2 BILL 1862 SERIAL 1 SERIES 1 PP #A OVERPRICED 1899 $5 SILVER CERT "" CHIEF"" CGA GEM UNCIRCULATED 65 AU corner fold * 1918 $1 'FRNB' SOARING EAGLE **CGA GEM NEW 66 ** AU census
1922 $20 GOLD CERTIFICATE FR-1187C.G.A@6
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AS YOU CAN SEE, MANY OF THESE MILLION DOLLAR CGA GRADED NOTES ARE LISTED BY PORSCHE OR MR. SANDIKCI ONE IN THE SAME. THIS IS SPAM ON EBAY AND EBAY DOES NOTHING | ||||||||||||||||||||||||||||||||||||||||||
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UPDATED June 17, 2009 AHMET SANDIKCI AKA ARCADE CURRENCY PALACE SELLS OVERGRADED NOTES OFF HIS WEBSITE. I FOUND THIS CGA GEM 66 TODAY. HERE IS THE AUCTION HISTORY OF DOCUMENTED "AU" GRADE. "Bowers & Merena (ANA) 8/9/89:4499; Stack's (HH) 3/17/93:135 "AU" @ $525; Spink America (AS) 5/22/95:219 @ $1,980; Lyn Knight 8/31/05:1158
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UPDATED June 16, 2009 AHMET SANDIKCI TRY'S TO SNEAK ANOTHER OVERGRADED NOTE PAST THE COLLECTOR. LOOK CLOSELY AT THE THAT LOWER MARGIN ON THE FRONT OF THE NOTE. AS YOU FOLLOW THAT ACROSS FROM RIGHT TO LEFT, NOTICE THE CUT HEAD TOWARD THE DESIGN. YOU WILL ALSO SEE THE SAME ON THE REVERSE TOP MARGIN. YOU CAN GET THIS OVERGRADED NOTE FROM SANDIKCI FOR A COOL $6,595,000.00.
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UPDATED June 16, 2009 AHMET SANDIKCI TRY'S TO SNEAK ANOTHER OVERGRADED NOTE PAST THE COLLECTOR. LOOK CLOSELY OVER THE "TWENTY" ON THE REVERSE TOP RIGHT. IN THE THAT UPPER MARGIN YOU WILL SEE TWO DISTINCT LIGHT FOLDS. AS YOU FOLLOW THAT DOWN, YOU SEE IN COMPARISON, A DISCOLORATION IN THE CENTER BOX, RIGHT VERTICAL LINE PART OF THE BOX CONTAINING THE WORD, "TWENTY". YOU CAN GET THIS OVERGRADED NOTE FROM SANDIKCI FOR A COOL $4,150,000.00. |
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UPDATED June 15, 2009 I can understand why this ebay seller, from New Jersey, is covering up the CGA ticket on the reverse. A CGA GEM 66 but. this note has a upper right reverse corner fold and the note has spots, not to mention the foxing on the top margin. If it were cheaper I would buy it and bring it to court for the lawsuits. |
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UPDATED June 3, 2009 Lyn Knight 6/27/08:2016 "flat... there may be a vertical fold line at the left... CGA CU 64" @ $3,105 Don't you just love the CGA grading!!! Now it's on Ebay for $3,700.00. |
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UPDATED June 3, 2009 Lyn Knight description says it all: "This note was previously graded by CGA as '67' and we sold it in November 2005 for $1,547. PCGS didn't agree. It was part of a changeover pair that got broken up. Oops. Now it's a PCGS AU 58. Looks like it might go for $275. Who got taken by the consumer fraud of CGA. |
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UPDATED May 28, 2009 This note was sold on ebay in July of 2006 as a PCGS XF 45 for $888.88. With fraudulent grading The leader of CGA at that time thought that this washed out XF note was worth a grade of AU 58 and is now back to ebay 5/28/09. |
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UPDATED May 27, 2009 IF YOU REALLY WANT TO SEE A FEW PEOPLE THAT LOST $1,000'S OF DOLLARS, CLICK ON THE PICTURE TO THE RIGHT. THERE YOU WILL SEE A NOTE GRADED, NOT ONCE BUT THREE TIMES BY TWO DIFFERENT AUCTION HOUSES AS AN AU NOTE. CGA MAKES IT A GEM 65 AND CLEANS UP AT THE COLLECTOR'S EXPENSE. THAT IS CONSUMER FRAUD!!!! |
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UPDATED May 11, 2009 A NEW RECORD FOR OVER GRADING; FROM A VG TO AU 50. SEE THE AUCTION DESCRIPTION BELOW. $5. Fr.63. Legal Tender. 1863. No.79895. Plate C. Choice VG, or perhaps a trifle better by some standards. Evenly worn, with decent color and body remaining.
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UPDATED May 10, 2009 Here we go with a new overgraded notes dumped on Ebay from seller Krcllc. This AU 58 is an XF in the census.
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. This one Was an XF at a Heritage auction. Here is their description, "Fr. 1098 $100 1914 Federal Reserve Note Extremely Fine. This Burke-Houston issue is three light bends from a fully Gem grade." So, why is this note in a AU 50 CGA holder. MONEY MONEY |
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. This one Was an VF 30 at a Heritage auction in May of 2007. I believe it was also in a PCGS same grade. Here we now have the now on Ebay as a CGA XF 45. Here is the auction description, "Fr. 114 $10 1901 Legal Tender Very Fine." |
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. Look at the reverse of this note and even you can see the three vertical folds. That means XF not CGA AU 50. |
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. Look at the reverse of this note and even you can see the three vertical folds. That means XF not CGA AU 55. Corner work also. |
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. This is a sick note previously graded in the census as XF. Not to be undone, CGA came up with a AU 58. Lot of other issues with this note. |
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. This is a rare note. But it has three folds that if you look closely you can see on the reverse. Not to be undone, CGA came up with another overgraded AU 58.
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UPDATED May 01, 2009 Here we go with a new ton of overgraded notes dumped on Ebay. This is an interesting note to grade. The more you look at it the more folds you find. A close look shows three vertical folds. There are also two large corner folds on the reverse top left, one into the design. Not AU material. |
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UPDATED April 24, 2009 This one was sent in from a viewer. Thanks, a CGA note graded AU 50, missed by a few points, now in a PMG XF 40. Any factual help to gather poorly graded CGA notes is always welcome. |
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UPDATED April 24, 2009 After taking a breather today and after finding so many fraudulently overgraded CGA notes, here comes another. First, this note was graded GEM 65 and sold in auction for $5,175 and you can see at least one fold in the holder. Now, the note is in a PCGS XF 45 holder for and estimated $1,500. See how much you lose when you buy CGA....
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UPDATED April 24, 2009 This note in a CGA GEM 68 holder has an obvious corner tip fold. On the lower reverse there also appears to be a closed pin hole, see the white spot....
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UPDATED April 24, 2009 This note had no history in the census. It now does. There are three folds that can be seen on the reverse of that note making it, at best, XF. Another good doctor job before entering the realm of a CGA holder. |
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UPDATED April 24, 2009 In March of 2007 that note was an XF in auction and sold for $373.00. OK for an XF. That wasn't enough. Let's bump the grade and rip the collector!!! |
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UPDATED April 24, 2009 Want to see a great doctor job before going into a CGA holder, well here you are. Look at the extreme centerfold in the original note which was described in auction as XF/AU which usually means XF. |
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UPDATED April 24, 2009 Not to long ago this was a PCGS XF 45. But that wasn't enough for CGA to make a profit. Therefore the note needed to be a CH CU. Another ripoff for profit. |
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UPDATED April 21, 2009 ANOTHER STORY OF CGA MISDEEDS: Heritage 5/1/03:28126 “Ch. AU… light fold” Heritage 5/6/04:17788 “CGA 66” You should look at the bottom margin in both sides and the top margin shows weakness; Then there is the fold to deal with.
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UPDATED April 21, 2009 Check this load out: Heritage 9/9/04:16931 “Fr. 226a Choice About New” Heritage 9/21/05:17006 “CGA 66” Heritage 6/6/06:17008 “Choice About New”This otherwise perfect Gem has a corner tip fold in the upper left. (THEY MISSED A FEW OTHER CORNER FOLDS)
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UPDATED April 21, 2009 As you can see, this overgraded note is in a CGA GEM 66 holder that was sold in auction in September of 2006. However the poor collector had the note crossed to PCGS where it turned out to be an AU 58 in a Lyn Knight sale in February 2008. |
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UPDATED April 21, 2009 Fr. 27 $1 1878 Legal Tender Choice About New. This pretty note is held from the top grade by a single light center bend. (Heritage auction description 2003) $517.00 Fr. 27 $1 1878 Legal Tender CGA Gem Uncirculated 65. $1,495.00 |
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UPDATED April 21, 2009 Track the grading of this puppy!!!! Fr. 230 $1 1899 Silver Certificate CGA Gem Uncirculated 66 2002 FR 230 $1 1899 Silver Certificate PCGS AU 58 6/01/2005 MINE Fr. 230 $1 1899 Silver Certificate Superb Gem New.(RAW-MINE) Fr. 230 $1 1899 Silver Certificate CGA Gem Uncirculated 68. Moral of this story, time improves notes and grades.....
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UPDATED April 21, 2009 In 2005 this note was sold in auction in a PCGS CH CU 62. In January of 2008 some poor sucker paid over $17,000 for the overgraded CGA GEM 66. You can see the problems on the upper margin. Goldberg 9/19/05:176 “PCGS 62PPQ” |
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UPDATED April 21, 2009 Fr. 365 $5 1891 Treasury Note Choice Very Fine. THIS IS AN AUCTION IN 2006. Fr. 365 $5 1891 Treasury Note CGA Extremely Fine 45. THIS IS AN AUCTION IN 2008. |
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UPDATED April 20, 2009 Another AU sucked from an auction, cleaned up and ended up in a GEM 66 CGA over graded holder. In the old picture you can see the ware on the note and a fold is obvious on the obverse left. Below id the Auction house description in 2002: Fr. 782 $5 1918 Federal Reserve Bank Note About New. A nicely margined, very lightly circulated example that has retained its original embossing. |
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UPDATED April 19, 2009 Here is an over graded note I just found on Ebay. This note has some pretty good history. It was previously owned by Jay Parino. Guess who bought all Jay Parino's notes for him? You only have one guess. Keep in Mind, It was in a CGA holder then, a PCGS holder and now, and back again in a CGA holder. Below is the description from the Bowers & Merena auction in November of 2008, just a few months ago. Lot # 5217 |
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UPDATED April 17, 2009 Please note below the auction from Bowers & Marena. Then, through the power of greed.... a CGA CH CU 64.
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UPDATED April 17, 2009 Once again the tail of the tape... First the note is a PMG VF 30, than with miraculous note deception, wala.. it's now a CGA XF 45. |
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UPDATED April 15, 2009 The VF 35 PMG graded note was in a Heritage auction in September of 2007 lot 15902 for $4600. Now through the magic of CGA, the note is now an XF 45, and on Ebay for $5800. Here is another from the same Heritage auction: Notice once again, in the auction the note is graded XF 40 by PMG but magically, now CGA makes it an AU 53. There are several other problem looking CGA notes that you might want to avoid in this Ebay group. |
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UPDATED April 12, 2009 Wanta get screwed again!! Just last year this note was a CGA CH CU 64 in a Heritage auction. It did have corner tip folds. Now CGA has upgraded this note for a dealer friend and it is now listed on Ebay. |
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UPDATED April 10, 2009 This is an example of a overgraded note in a CGA XF 40 holder. There are numerous vertical folds and a horizontal fold; and I see most corners have a fold. This note is also somewhat dirty. You will find this wonderful example of an overgraded CGA note on the website of David Lawrence a well known coin dealer. PS: it was recently graded by CGA.
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UPDATED April 10, 2009 This is another example of a overgraded note in a CGA XF 40 holder. There are numerous vertical folds and a horizontal fold; dirt all over the note, and I see most corners have a fold. You will find this wonderful example of an overgraded CGA note on the website of David Lawrence a well known coin dealer. PS: it was recently graded by CGA.
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UPDATED April 10, 2009 This is an example of a overgraded note in a CGA XF 40 holder. There are numerous vertical folds and stains, and I see a few corners that have a fold. The note looks completely discolored. This note also appears to be about torn in half. You will find this wonderful example of an overgraded CGA note on the website of David Lawrence a well known coin dealer. PS: it was recently graded by CGA.
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UPDATED April 10, 2009 Collectors note: This is an example of a very severely overgraded note in a CGA XF 40 holder. There are numerous vertical folds and at least two horizontal folds, and I see that a few corners have a fold into the design. This note also appears to be about torn in half. You will find this wonderful example of an overgraded CGA note on the website of David Lawrence a well known coin dealer. PS: it was recently graded by CGA.
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UPDATED April 10, 2009 Collectors please note: This is another example of a very severely overgraded note in a CGA XF 45 holder. There are numerous vertical folds and at least one horizontal fold, and I see that each corner has a fold. This note has also been severely pressed. You will find this wonderful example of an overgraded CGA note on the website of David Lawrence a well known coin dealer. PS: it was recently graded by CGA. |
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UPDATED April 9, 2009 Well, you can even see the folds when the picture is terrible. On the reverse, look at the fold from about two inches in from the right top margin toward the left . The wonderful grade doesn't mention the dirt on the note in a few areas. |
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UPDATED April 7, 2009 Another most recently overgraded note produced by CGA. This one was called and AU by Heritage in April of 2008. Now it graces a CGA CH CU 64 holder. Below is the Heritage description. Fr. 752 $2 1918 Federal Reserve Bank Note About New. The top margin is a touch close, and the note has a vertical fold that can barely be seen. Still, a handsome Battleship Deuce. |
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UPDATED April 7, 2009 Let's all guess who bought this note in the Stack's sale in May of 2008. It was a VF then, and you can see why Stack's properly graded it that way. But hold on a minute, it's in a CGA XF 45 holder, on Ebay. Buy the way, the person that noted this to the census also commented that the note was altered. The mention of a few vertical folds... at least 5, plus corner folds. $5. Fr.282. Silver Certificate. 1923. No.A2696751B. Plate G. VF, but with slightly aged paper. A few vertical creases, a couple hard enough to result in minor ink loss
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UPDATED April 7, 2009 OK folks, this AU 50 CGA graded note is a spectacle to look at. Setting aside the, at least three vertical folds, it appears that the upper right and lower left corners well into the design have been seriously messed with. Oh, by the way, the note was recently graded. |
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UPDATED April 5, 2009 This note was listed on Ebay in February and March of 2008. Then the note was in a CGA AU 53 holder. Now look at the PCGS grade, XF, three grades lower!!! Additionally, the note is non-PPQ (ORIGINAL), so it is most likely pressed. |
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UPDATED April 5, 2009 You will find this CGA overgraded note in the Ebay Store of JVSCOINS. But it will be great to know that this note was in a PMG AU 55 holder, not to long ago. So there are several conclusions that can be construed by this overgraded note; like, who owned it and who regraded it? |
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UPDATED March 30, 2009 CGA and Porsche make more wampum by over grading notes for you. Look at the corner folds into the design. Look at the reverse, upper left and lower right to see the pressed out folds. |
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UPDATED March 30, 2009 More of the same from CGA and Porsche on Ebay; corner folds; dirty; folds within the center of the note. This one is only $255,000.00. |
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UPDATED March 30, 2009 The Porsche has another overgraded CGA note on sale on Ebay. Look at the reverse; at least 2 folds from the top to the center of the note; corner folds on the top and bottom right; all rounded corners; I believe there are a few other vertical folds; not to mention the dirt on the note. For $20,000,000.00 how can you miss this one!!!! |
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UPDATED March 29, 2009 First auction description, "This beauty has two very light folds on its otherwise immaculate, original surfaces, but the look of the note is Superb." Second auction description, "CGA Gem Uncirculated 65. A wonderful, fully margined, perfectly centered Educational Five that appears to have fully earned its third-party grade." Third auction description, "PCGS Choice About New 58PPQ. One very light bend is the only flaw evident on this gorgeous Educational Five" Need I say more!!!! |
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UPDATED March 29, 2009 Look at the reverse lower corner. You will see a fold into the design. There might also be a centerfold. This is a very good doctor job. |
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UPDATED March 20, 2009 CGA ties it's best overgrading of a note: Stack's (Halpern) 3/17/93, lot 139 - (graded by Gengerke) as "Choice EF" and sold on the floor to Len Glazer Lyn Knight 6/17/00, lot 249 - "Gem CU" - sold on the floor to Lipka CAA/Heritage 5/5/05, lot 16925 - "CGA Gem CU 67" Heritage 9/17/08, lot 15288 - "PMG EF 45" You can see the folds on the
obverse picture if you look close. SO who made money here? |
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UPDATED March 19, 2009 Check this out: Currency Auctions of America 5/19/00, Lot 1483 - Choice EF @ $8,800 Goldberg 2/11/07, Lot 3494 -
CGA AU 58 @ $18,975 If you look close on the reverse in the lower margin you can see the pressed out folds. I wonder who lost 1/2 of their money.
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UPDATED March 19, 2009 And Stack's says, "Stack's 6/13/89, lot 2513 Choice EF... three vertical folds"
And CGA says, "Goldberg
2/11/07, lot 3431 CGA Gem
Uncirculated 65" |
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UPDATED March 18, 2009 Lets grade this note together: pull up the reverse... Large corner fold left top into the design. Large corner fold left bottom into the design. Vertical fold top to bottom, left side through the "TEN". Vertical fold top to bottom, left side through the "SHIP". Vertical fold top to bottom, right side between the "E" and "N" in "TEN". Vertical fold top to bottom, right side just right of "TEN". Horizontal fold right through the center of the reverse. There appear to be several more vertical folds, but, I could only see and confirm them better with the note in hand. I might just bid on the wonder....
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UPDATED March 17, 2009 CGA didn't like PCGS's grade on this one, so they came up with their own CH CU 64: CENSUS: PCGS 58PPQ |
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UPDATED March 17, 2009 CGA is pumping out the junk these days. Many recently overgraded notes are hitting the streets. Take this one as an example, look at the lower left corner that has a tip fold, and all the rounded corners. But the crem-da-la-crem: Heritage 9/17/08:15313 "PMG AU 55" @ $3,565 |
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UPDATED March 14, 2009 And the census says..."Currency Auctions of America 11/13/92:1894 @ $132; CAA 6/17/94:1996 "Ch AU" @ $121" And CGA says...GEM uncirculated 65 Take a look at the reverse lower left corner that has a nice pressed out fold..... SOMEONE IS DUMPING ALL IT'S JUNK!!!
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UPDATED March 14, 2009 And the census says..."CH AU by three auction houses....Sergio Sanchez 10/26/00; Stack's 1/16/01:2624 (not sold); Spink/Smythe 7/16/08:1603" And CGA says...GEM uncirculated 65
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UPDATED March 14, 2009 And the census says..."R.M. Smythe 6/18/93:part of 1163 "Ch. AU" And CGA says..."Lyn Knight 3/9/07:264 "CGA Gem Unc. 66" (not sold)" If you closely at the reverse of this note, it appears to be very flat. Note the serial numbers. Could this note have been pressed after the 1993 auction, and before being carefully placed placed in a CGA holder? |
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UPDATED March 5, 2009 Another AU sold in auction that ends up in a CGA CH CU 64 holder and on Ebay for some one to get taken. CAA/Heritage 9/26/03:2556 @ $460 |
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UPDATED March 4, 2009 Further proof of CGA's money grabbing ethics. I owned this note in a PMG AU 58 holder. I cut it out of the holder and put it in auction... Guess who bought it? Then it inserted into a CGA 66 holder. Please also notice, the seller intentionally messed up the reverse so you can't see the CGA number. Here is the census of this note: PMG AU 58 per Vince Cavo 4/18/06; CGA CU 66 |
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UPDATED February 26, 2009 CGA AND THE ARCADE PALACE STRIKE AGAIN!!! This note has at least 3 folds into the design that are note taken into consideration in the Overgraded CGA AU 58 grade. There are obvious folds in three of the 4 corners of the note not including the fold smack down the middle of the note. The buddies are workin together again to screw the collector!!! |
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UPDATED February 24, 2009 By the CGA serial number on the back, this one was recently graded... This is what Heritage graded the note in January 2006 FUN show: Fr. 1703 $10 1934B Silver Certificate.
Choice About Uncirculated. The fold, in the lower left reverse can be plainly seen.
CGA's dealer some how got another great deal like the one below. Where does he get all these deals!!! The seller on Ebay was JVSCOINS. |
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UPDATED February 24, 2009 Look at the reverse of the PCGS XF 45 holder then look at the reverse CGA GEM 67 holder. It appears to have been pressed before going into the CGA 67 holder. Look at my June 19, 2008 comment below. This note was pulled from a Lyn Knight auction then because the note was discover to have been in a PCGS XF-45 holder. Now the note is once again on Ebay, still in the known to be overgraded CGA holder. The seller on Ebay JVSCOINS is a well known CGA dealer. Here are the comments Jessie Lipka, CGA owner said at that time on Coin Universe blog. But the note remains in the CGA 67 holder... “I can sometimes get Lyn to pull a note, but I cannot force a consignor to send us a note for reexamination if he does not want to. I was not able to get the consignor to offer us the note. I will put in a bid.” “The ebay seller was not Lyns consignor.” |
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UPDATED February 16, 2009 "Formerly a CGA 66, don't worry about the grade on this one, it has all the appeal of a Gem!" Those are the comments of the seller at Eastcoastcurrency.com. The note is now in a PMG CH CU 64 holder...Ya gota see the margins on the reverse of this note!!! |
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UPDATED February 8, 2009 CGA strikes again. Another AU in a superb GEM 66 holder on Ebay for some unknowing collector to get screwed...
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UPDATED February 8, 2009 CGA strikes again. Another AU in a superb GEM 67 holder on Ebay for some unknowing collector to get screwed... |
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UPDATED JANUARY 24, 2009 AHMET SANDIKCI OFFERS MULTI-HUNDRED THOUSAND AND MILLION DOLLAR NOTES THAT ARE VERY OVER PRICED. WHY: THESE SAME NOTES, UNDER THE BEST OF CIRCUMSTANCES ARE SO UNREASONABLY PRICED, ONE WONDERS IF HE IS REALLY NOT TRYING TO SELL THEM BUT HAVE ANOTHER AGENDA; LIKE, OTHER AUCTIONS HE LISTS ARE NO RESERVE $100 NOTES. I DON'T GET IT DO YOU? SOME OF HIS OTHER CGA GRADED NOTES LISTED BELOW FROM SANDIKCI WERE ALSO, AT LEAST $100,000 UP TO MILLIONS AND THEY WERE KNOWN TO BE OVERGRADED... IN THE CASE OF THE $5 CHIEF IN CGA 68, SANDIKCI OFFERS THIS NOTE FOR $20,599,000.00. EVEN IF THE NOTE IS A GEM 68, BUT I QUESTION THAT, UNDER THE BEST OF RECENT PRICES, THIS NOTE MIGHT GET TO $40,000.00, AND I NOT REALLY SURE IT WOULD GET THERE. HOW ABOUT THE $100 RED SEALS WHICH MIGHT GO FOR A FEW THOUSAND, THE STAR SOMEWHAT MORE... BUT SANDIKCI OFFERS THE GROUP FOR A MERE $1,800,000.00. HOLLY CRAP!! SO, WHY PAY FOR OVERPRICED CURRENCY?
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UPDATED JANUARY 24, 2009 If you really want to be taken to the cleaners buy the highly overgraded CGA XF note. Just look at all the folds. This might get into a VF holder at best!!! Don't be a sucker! |
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UPDATED JANUARY 24, 2009 Thank goodness for visual effects. You can easily see the VF fold on the CGA graded XF 45 note. Make sure you pay VF money for this overgraded note.... |
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JANUARY 16, 2009 Found this overgraded CGA note on Ebay today. Take a look at the reverse bottom margin. This note is most likely a CH CU 64, if it is really UNC. However, CGA chose to put it into a SUPERB GEM 67. Well, so much for opinions..... |
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DECEMBER 24, 2008 Reverse Osmoses On 08/06/2006, 06/03/2007, and 09/26/2007 this note was attempted to be sold on Ebay and an auction house. At that time, the census says that this note was in a CGA CH CU 62 holder. Now it is graded a bit differently by PCGS, a mere 8 grades less. It is now offered in auction and note the picture to the right. Note the auction house comments, "not readily evident through the holder." Fr. 321 $20 1891 Silver Certificate PCGS Very Fine 35. The inks and colors are bold and bright on this Manning, and although a few folds are evident they are light and are not readily evident through the holder. |
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OCTOBER 14, 2008 Found this overgraded previously graded AU 58 on Ebay today. Take a look at the reverse fold around the number 1 on the right of the note. But in CGA's financial opinion, it's a CH CU 64. |
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OCTOBER 14, 2008 This peach is an AU in the census. But the thought of a profit at the expense of the collector was more prevalent to CGA. |
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UPDATED September 13, 2008 CGA LATEST CONSUMER FRAUD CASE INFORMATION The reconsideration of the appeal to vacate was granted. It was granted on some what of a technicality. However, CGA was ordered to pay legal fees to the plaintiff for the appeal process, estimated at $8,000, and we will start over. When the CGA lawyer tried to tell that judge that grading of the note was subjective, the judge told the lawyer he saw the note. There is no question that the note was repaired and it
remains that way even though Lipka said it happened after he sold it to
Trusted Traditions while it was still in the CGA holder. |
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Report: Ahmet Sandikci Arcade Currency PalaceCategory: ORGANIZED CRIME Ahmet Sandikci Arcade Currency Palace Consumer Fraud, Deceptive Trade Practices, Investment Fraud Tarpon Springs And West Palm Beach FloridaVictim of this person/company?Are you also a victim of the same company or individual? Want
Justice? File a Rip-off Report, help other consumers to be educated
and don't let them get away with it! Ahmet Sandikci Arcade Currency Palace
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UPDATED August 22, 2008 This magnificent CGA GEM 68 was graded by Lyn Knight in 1999 as AU... You can view it now in the September Heritage Long Beach auction. "Lyn Knight 2/20/99:595 @ $770" $770 for this note should say something about the grade. |
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UPDATED August 22, 2008
BEFORE DESCRIPTION...Fr. 102 $10 1880 Legal Tender Very Choice New.
Superb in every sense but for its margins. The right face margin and the
center of the bottom margin are too tight for the top grade. The surfaces
are perfect, the original embossing bold, and the colors are spectacular. AFTER DESCRIPTION...Fr. 102 $10 1880 Legal Tender CGA Gem Uncirculated 65. Bright white paper provides a great canvas for the deeply printed design. The embossing is still visible in the holder. |
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UPDATED August 22, 2008 Before... CH AU...NASCA (Brookdale) 11/12/79:2509 @ $310 After...Fr. 1187 $20 1922 Gold Certificate CGA Gem Uncirculated 66. Vivid colors are seen on the face of this $20 Gold. The back design is quite bright, with a yellowish-orange hue. |
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UPDATED August 22, 2008 Take a look at the pressed out corner folds on this CH CU 63 CGA note. Don't you wish you could grade your junk this good!!!! |
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UPDATED August 6, 2008 CGA LOSES THE APPEAL TO VACATE THE CONSUMER FRAUD CASE!!! COLLECTORS REJOICE |
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UPDATED July 20, 2008 Today I will have several overgraded CGA notes that are being distributed by a coin dealer. These notes were being offered at a site called collectorscorner.com. If you make an offer, be sure it is at least 50% less than the asking price: The first is an FR 57 Graded GEM 66, of course. Look at the corners, well rounded and very soft. This is not the description of a woman!! 2. Here is a FR 18 CGA XF 45 but with a nice VF fold through the vertical center of the note. 3. His description: 1869, $2 FR 42 Rainbow Large Size Legal Rainbow CGA 40. This note is falling apart with many folds over the note. Look at the reverse. 4. Here is an FR 67 in CGA GEM 66 with a corner tip fold as seen on the reverse right of the note. 5.This FR 215 was sold in 2007 at a Scotsman as Choice for $1,552.50. Now in a CGA GEM 67 holder he wants a small profit of $7,500.00. There were over 100 CGA graded notes, many of them unreported. That should scare the poop out of any buyer. Up until now the CGA distribution network dealers were making lots of money off the unknowing collector. The best way to solve this is not to buy from them. |
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UPDATED June 30, 2008 Well collectors, here is a note offered by Ahmet Sandiki aka PORSCHEAHMET on Ebay for a cool $12 Mil. Mr. Sandikci aka PORSCHEAHMET has been a distributer of the CGA product for quite some time. One problem, the note was bought by in July of 2004, Bowers & Merena auction, lot 1218, by guess who for $2760. The best news, it was graded CH AU by Bowers, "light center crease" i.e. FOLD. Now, the note has slithered into a CGA 65 GEM holder and someone will get screwed if they pay Porsche's price. One other comment, Mr. Sandikci aka PORSCHEAHMET claims to be the only accredited currency dealer in the business. This accreditation was awarded by, of all groups related to currency, the better business bureau.... |
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UPDATED June 30, 2008 Another overgraded note offered by Ahmet Sandikci aka PORSCHEAHMET on Ebay. This note was purchased by you know who, and slithered over to the dealer who knows how to increase value in overgraded currency. Here are the comments from the auction, and confirmed extremely pressed flat by a dealer who saw the note... A quote from the leader of CGA...."We try to give extra credit for original [condition] notes and we take grade away for notes that have been messed around with," Lipka said. "Fr. 260 $5 1886 Silver Certificate Choice New. Unlike almost all of the notes from the Trask Collection, this one lacks the deep embossing and perfect paper surfaces." |
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UPDATED June 25, 2008 LOOK AT THIS HIGH GRADE CGA NOTE OFFERED BY Ahmet Sandikci ON EBAY. THE MARGINS ON THE TOP OF THE OBVERSE CLEARLY ALMOST CUT INTO THE DESIGN, AND THE NOTE WAS RECENTLY GRADED BY CGA. THIS GUY IN ONE OF THE FEW REMAINING DEALERS THAT WILL SELL OVERGRADED CGA NOTES FOR THE OWNER OF CGA. |
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UPDATED June 19, 2008 LOOK AT THE REVERSE OF THIS NOTE IN THE cga gem 67 HOLDER. THE NOTE WAS IN A PCGS XF HOLDER FIRST. PLEASE EXPLAIN THAT ONE TO ME!!!!!THERE IS A HUGE FOLD. THIS WAS ON THE PCGS CHAT ROOM AND HERE ARE THE COMMENTS. ALSO, THE NOTE WAS IN THE UPCOMMING LYN KNIGHT SALE. WHAT A FRAUD.....THE NOTE IN THE MIDDLE IS THE CGA PICTURE FROM THE KNIGHT SALE. Comments from the PCGS chat room boards: Below is the comments from Lyn Knight sale:
THIS NOTE IS A $500 NOTE AT BEST FOR THE REAL GRADE AND $4,000 TO $6,000 IN A GEM 67 HOLDER. WHY DIDN'T THE AUCTION HOUSE SEE THIS PROBLEM AND DESCRIBE IT PROPERLY??????
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UPDATED APRIL 26, 2008 CGA LOST THIS SUIT, "CONSUMER FRAUD, inaccurate, careless, reckless, and negligent". Those comments were in the court filing that the judge referenced when he found CGA liable on all counts in the decision. Other suits are in progress. |
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UPDATED APRIL 29, 2008 CAA/Heritage 5/6/04:17774 @ $2,760 This was an XF as noted in the auction sale. Someone thought it was XF, but not CGA. Moneybags made it an AU and some made a lot of money and someone lost a lot on money. |
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UPDATED March 04, 2008 Check the description of the cataloger that accruately describes this CGA overgraded note:
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UPDATED January 04, 2008 When making decisions on which grading service to use, this is who you are dealing with when you select CGA: Below is a letter to the Professional Currency Dealers Association to which the president of CGA is a member. To Whom It May Concern: As a concerned PCDA member I would like to make a formal complaint regarding the increasingly nefarious tactics of Mr. Jess Lipka. Although I have been aware of serious breaches of integrity in the past the most current method used to try and “hook” an unsuspecting client in an auction scheme is totally unacceptable. We cannot continue to look the other way as Mr. Lipka frequently pushes and bursts the integrity bubble. I realize that this is second hand information to some degree but it has been intimated to me that the tactics employed by Mr. Lipka were as follows: That Mr. Lipka consigned notes known to be his by those who track this particular national region. Please see attached list. (not here) That Mr. Lipka then employed unknowing “dupes”, who happened to be respectable dealers, to execute bids for him from the floor, in essence unknowingly shilling his notes from the floor, which is illegal in many states if I am correct. These items on the attached list were hammered to said dealers, reportedly executing Mr. Lipka’s bids, but were not awarded and listed as unsold lots in the prices realized. I believe this meets the textbook description of shill bidding. Please see attached list. (not here) The party that provided this information may be willing to testify to the Board of the PCDA regarding the veracity of the information in this attached list. I doubt anyone in the board is surprised by Mr. Lipka’s total lack of regard to anything but his own avarice. I believe all if not at least a majority of the current Board members have witnessed first hand Mr. Lipka bidding on his own material from the floor in past XXX (AUCTION COMPANY X'ed OUT BY ME) sales. In closing I must say that Mr. Lipka should NEVER have been allowed into any organization, which stands for INTEGRITY and FAIR dealings with the public. The fact that he was once refused admittance, and then through a larger more apathetic membership slipped by the objection requirements, I realize should not be at issue here. What is at issue is the fact that an Organization designed to bring Ethics to this business, that most of our customers consider an enjoyable hobby, must be able to vet its own membership or that entire membership is tarnished by those with no regard for anything but amassing wealth at the expense of our membership and their customers. Sincerely,
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UPDATED January 04, 2008 Check this 1132-J $500 note graded CGA CH CU 63. Look at the CENSUS description below, ALTERED DISCOLORED. EXTRA FINE. SOMEONE WORKED ON THIS NOTE AND CGA FORGOT TO LOOK IN THE CENSUS, OR, DID CGA BUY THIS NOTE AND CLEAN IT UP????? EF per Dean Oakes; Bowers & Merena 11/6/02:6280 "nearly AU... aging... stains... discolored..." @ $17,250; (CGA CU-63); Lyn Knight 2/26/04:1730 "Ch. CU" @ $16,675 |
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UPDATED December 19, 2007 This is worth another shot. The history: I sold this in auction for a customer. It was in a PMG AU 58 holder before I cut it out for the auction. The Heritage description is below. Notice, the word, "FOLD". Well if you are CGA, and you want to make some money the easy way, and you see a potential to disregard the fact that there is a fold in the note, you bid for the note in auction, win; you pay $402.50 and put it into a GEM 67 holder then try to sell it for $1,200 or more. Another possibility, you are a buddy of CGA and you buy this note in auction and send it in for CGA grading. Accidently, the fold is, "overlooked". Either way, the collector looses.
Fr. 230 $1 1899 Silver Certificate Choice About New. Hugely margined, with deep original embossing and tremendous eye appeal. The note has a single, extremely light center fold. This is the first of two consecutive examples. |
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UPDATED December 09, 2007 Another sucker that overpaid for an overgraded CGA note. This guy paid over $3000 for this CGA AU55. Look at the folds in the reverse picture. At best this note is XF, but most likely a VF. Even though it is rare, at best worth $1000, maybe. CGA will eat high on the hog tonight... |
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UPDATED November 26, 2007 Now, the previous owner of this note said it was an AU and it went into the census that way. Why would the owner say it was an AU when CGA now says it's a GEM 65? Why, MONEY. |
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UPDATED November 24, 2007 This $1,000 bill got my attention on Ebay today. Look at this AU 50 CGA graded piece of junk then tell me it is overgraded within 5 grades of the real grade. |
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UPDATED November 16, 2007 I received this sales catalog developed by Ahmet Sandikci aka Porscheahmet. Let me revue a few CGA notes in the sales catalog: Page 11 FR 64 CGA 68 $875,000--- CENSUS AU Page 12 FR 19 CGA 68 $675,000--- CENSUS XF Page 12 FR 104 CGA 66 $7,850,00--- CENSUS AU Page 18 FR 225 CGA 67 set $28.5mil CENSUS AU Page 18 FR 269 CGA 67 set $28.5mil CENSUS, pinhole Page 21 FR 231 CGA 68 $13,250,000- POOR Margins Page 29 FR 122 CGA 67 $1,600,000--- CENSUS AU Page 46 FR 772 CGA 67 Part of a $115,000,000 deal I had the opportunity to buy this note when it was in a CGA 67 holder. It had to cross to PMG at least a 66. It was cut out. There is a obvious big fold in the lower reverse. The dealer sent it back to CGA and it went back into a CGA 67 holder.
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UPDATED November 14, 2007 I once owned this note when it was in a CGA 64 holder as it states in the census. Well, lookie here. Now it is in a CGA 65 holder and still there is no top margin. I sold the note for $1,800 a few years back. WOW!!! Now it's $2,000,000.00. I should have been a CGA buddy!!! |
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UPDATED November 11, 2007 I was cruising Ebay this morning and came across wonderful overgraded CGA note. This is an AU in the census. The seller most likely knows of the problem because it is being sold to $3500 less than the current average price. |
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UPDATED November 04, 2007 From
the Bowers sale in Baltimore November 2007 a fantastic note. As noted by the
seller, "Lot # 5349
Minor detail, the census says, "EF+, p= pinholes, Stack's (JAS) 3/15/90:1723 "Choice EF... half dozen pinholes" ***NOTE*** MANY OF THE CGA LOTS IN THIS SALE ARE REJECTS FROM A Goldberg AUCTION ON 9/13/06.
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UPDATED November 04, 2007 I was cruising thru Ebay today and came across this note graded by CGA a GEM 66. Only, the note is an AU in the census. Another Ebayer will be taken to the cleaners. |
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UPDATED November 03, 2007 Here
is a collector that was taken to the cleaners by the CGA crowd. Now how can
someone miss a grade from XF to GEM 66? To quote this collector, "These
guys have hurt my pocket to the last dollar. I am having to live day by day
and trying to take care of my kids. This sucks!!" What will it take to stop
them!!!! One CGA seller to consider avoiding from is Ahmet Sandikci. |
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UPDATED October 12, 2007 A NEWLY OVERGRADED NOTE FROM CGA... YOU DECIDE. CGA CALLS IT A GEM 66. HOWEVER LOOK AT THE TOP CORNERS FRONT AND BACK AND YOU WILL SEE CORNER FOLDS. LOOK AT THE REVERSE BOTTOM MARGIN, CUT ALMOST INTO THE DESIGN. WOULD YOU PAY GEM 66 MONEY FOR THIS NOTE? |
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UPDATED October 12, 2007 This CGA GEM 65 which is really a PRESSED XF has once again visited EBAY for your getting screwed enjoyment. Even the auction company called it AU... |
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UPDATED October 10, 2007 This is what a Ebay seller had on his description? Of course, the note is now in a AU PCGS holder. How much did he lose...... CGA SUPERB GEM GRADE 67 (TAB INCLUDED) PCGS PPQ PREMIUM PAPER QUALITY
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UPDATED October 10, 2007 THIS IS AN XF 40 IN THE CENSUS GRADED FOR A SMYTHE AUCTION. NOW A FANTASTIC CGA GEM 67. |
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UPDATED September 30, 2007 This CGA GEM 66 was graded AU by two auction houses. But who are they.... Buy CGA and Lose!!!
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UPDATED September 13, 2007 Here in another note I use to own that was in a PMG AU 55 holder. Guess who bought it and put it in a CGA GEM 65 holder and sold it to some unknowing collector!!!!
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UPDATED September 13, 2007 Here it is again... Porsche is trying to sell a note that I used to own that was in a PMG AU58 holder. CGA hand holding and lots of hugs and kisses and being one of the few dealers that sell CGA notes must get you great grades from CGA. |
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UPDATED September 10, 2007 Stack's 9/9/87:651 "Choice AU... soft vertical fold" @ $687.50; That's the facts. However CGA has covered up the fact, or better yet hidden the fact of a fold in this CGA GEM 66. And it was just recently graded by the diligent staff at CGA. |
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UPDATED September 3, 2007 Well, the auction house had to really brighten this one up so you can see the folds. This is an XF/AU in the census, which really means XF. But, CGA found it necessary to improve the grade for financial reasons, and not your financial reasons. |
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UPDATED September 3, 2007 Let's examine a CGA note not in the census. Wow, a GEM 67!!! But, look closely; on the front right corner, notice the tip fold and it is more prevalent when you see it from the back; Now, look close at the back right corner; you can see another corner fold; Now, look at the registration on the reverse top to bottom; not ever close. At best, this note is a CH CU 64. However, the note appears to be quite flat making me think there are other hidden problems in the CGA holder. |
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UPDATED September 1, 2007 CGC, Dean Oakes, and Stack's agree that this note was a VF. But the CGA grading service says otherwise. Who do you believe? |
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UPDATED August 31, 2007 This is an interesting note. It is not in the census. However, it is graded a GEM 65 by CGA. But, look carefully at the reverse upper left corner. Do we see a corner fold? By golly we do. And this one was recently graded or should I say overgraded. |
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UPDATED August 28, 2007 You have to look at this one... The folds are so obvious all over the note and it's CGA AU 58. Actually, I'm surprised, for CGA, that's a low grade. They must be slipping. I suspect it is more like a pressed VF. |
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UPDATED August 24, 2007 Well, this one is an XF in the census. Bowers & Merena auction 11/29/01:5046 @ $1,265 SO, from an XF to a GEM 65 and the dealer only wants $7,300. What a deal!!! |
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UPDATED August 24, 2007 Well, here are a few more AU notes I put into auction that have ended up in CGA UNC holders. ALL of these were in PMG AU 58 holders, but greed made them UNC'S. |
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UPDATED August 18, 2007 This very nice looking note in a CGA GEM 66 holder happens to be an AU in the census; New England Rare Coin Auctions 7/21/78:802 |
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UPDATED August 08, 2007 Here is a unique way to hide folds in a note; tone it up a bit. This beauty was sold by a very good grading auction house, as you can see, XF in 2003. R.M. Smythe 1/13/03:1218 @ $431.25 But now, along comes CGA and wala, it's unc. What else can a crook ask for!!! |
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UPDATED August 07, 2007 This one is really strange. Both census has this note as AU, but one has had the note in an CGA XF holder on two different occasions and now it's in a CGA GEM 65 holder. Someone must have watered it to grow like that.
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UPDATED August 07, 2007 Well this collector got it put to him. This is an AU in the census. Now with the magic of GREED, CGA her transformed this note to a GEM. Two auction houses call this and AU, R.M. Smythe 6/13/03:2218 @ $977.50; Bowers & Merena/Lyn Knight 8/18/06:5021 @ $1,150. |
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UPDATED July 30, 2007 Ah, CGA thought they could fool you again with this $5 Ed. But, data has saved the day. The census has this note as AU dating back to a Lyn Knight auction in 1982. Look close at the reverse. You can see the fold down the center. DO you think Lyn made a boo boo... NADA. Don't get screwed by CGA. |
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UPDATED July 26, 2007 This bute is an AU in the census, now a CGA CH CU 64. I spoke to the census grader about this one and he said some reported a pressed out fold. Another from the dealer on Ebay that is selling several CGA overgraded notes, and has for several years. |
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UPDATED July 26, 2007 Very pretty overgraded FR 1187 AU note again offered in a CGA GEM 65 holder. This dealer on Ebay is selling several CGA overgraded notes, and has for several years. Although the dealer has an excellent return policy, by the time you find out you lost $2,000, it's to late. |
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UPDATED July 21, 2007 Below is the AU auction description of the note now in a GEM 66 CGA holder. Notice that the note is also described as "toned". I'm in the wrong business.... Fr. 216 $1 1886 Silver Certificate About New. The paper tone is a bit subdued on this otherwise attractive Martha Ace. This is the scarcer of the two numbers with the smaller Red Seal. |
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UPDATED July 21, 2007 Another AU in the census that has been graciously made to be GEM 66 By CGA. |
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UPDATED July 20, 2007 WHO DO YOU THINK LOST A TON ON MONEY ON THIS NOTE!!!
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UPDATED July 20, 2007 I HAD
THIS NOTE IN A PMG AU 58 HOLDER. This one has resurfaced again...,CGA GEM
67, but by a friend of the last CGA dealer that sells overgraded notes for
millions. Yes there is a new queen of overgraded currency in town. They sell
the overgraded notes that I have already uncovered and they hope you don't
notice. The new seller on Ebay of overgraded CGA notes is.. |
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UPDATED July 20, 2007 Fresh off the CGA press noted by the CGA serial number. This unsuspecting note was graded in an RM Smythe auction in 2001 as an XF. Now through the magic of grading, it's an AU 58. |
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UPDATED July 17, 2007 This beauty was on EBay a few years back. It's there again. It's an AU in the census. Just another fix-up job on an overgraded note to avoid of pay the usual low grade price for the note. |
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UPDATED July 17, 2007 This on is also an AU in the census. Don't let the advertising of a low pop suck you into the CGA overgraded notes. |
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UPDATED July 15, 2007 Look I found on Ebay today. This is the AU note sold in a Heritage auction and purchased by you know who!!! Of course it is now in a CGA GEM 65 holder. Here is the auction description..."Fr. 123 $10 1923 Legal Tender Choice About New. A beautiful example of this popular early 20th Century Large Size Type. The colors and margins are excellent, and the note gives the appearance of a Choice New piece, unless examined extremely closely." CGA must have not looked to close on this one. Prior to the Heritage auction here is what is in the census, "XF" Stack's 9/7/89:1572 "EF, pressed" |
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UPDATED June 18, 2007 Here is the census for this FR 1200, " R.M. Smythe 6/22/96:1082 "EF... short spit... center fold... teller bends" @ $425; Currency Auctions of America 1/9/98:1953 "Choice New" @ $1,540". That is about four grades better and a split in the note. It's on Ebay today. Miss out on this one and save your money for a better note. The note was improved and CGA looked the other way.
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UPDATED June 18, 2007 Seems like a collector that was screwed by CGA is trying to dump his note cheap on Ebay. Well, this AU Chief is now in a CGA 65 holder and the seller wants 5 times what is sold for in 2003 at an auction house. The auction house assigned the AU grade. Apparently CGA needed some extra cash for the Nationals collection.
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UPDATED June 18, 2007 Well, well well... CGA has performed another miracle by upgrading an AU note to GEM 67 and it is being sold by the famous dealer that sells CGA notes worth $100 for $1,000,000.00. Yep, the census says AU and it was in a PMG AU 58 holder before as noted in the census. The seller, a name like Porsche, and it's on Ebay this day. Another rip for the collector that buys it. |
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UPDATED JUNE 5, 2007 CGA is trying to slip another XF past you in a GEM 66 holder. This is in the currency Knight auction lot 255. Yep census XF. You lose with CGA!!! |
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UPDATED MAY 15, 2007 ***ALERT*** CGA STRATEGY IS CHANGING. THEY ARE NOW BUYING AND GRADING HEAVILY IN THE SMALL SIZE NOTE AREA. ONE OF MY CUSTOMERS LOST $4,000 ON JUST 2 NOTES. SEE BELOW APRIL 28TH. YOU WILL LOSE A GREAT AMOUNT OF YOUR INVESTMENT WITH CGA. |
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UPDATED MAY 16, 2007 SOME AUCTION HOUSES DO NOT CARE IF YOU GET SCREWED. I SENT AN EMAIL TO SUPERIOR GALLERIES CONCERNING 4 CGA OVER GRADED NOTES IN THEIR UPCOMING AUCTION. HERE IS THEIR RESPONSE: "Our auctions are not inspection sales. Please refer to our terms and conditions of sale, I draw your attention to item 17 of our terms and conditions below". Item 17 almost completely protects them from returns for any reason for third party graded items. YOU LOSE!!! Here are the CGA Notes in the Superior Auction: Lot 1156 XF in the census CGA 64 FR 120 Serial number E14798932 1177 AU ion the census CGA 66 FR 268 Serial number 14259123 1179 AU in the census CGA 65 FR 269 Serial number 23379247 1185 XF/AU in the census CGA 65 FR 371 Serial number B5622198 |
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UPDATED MAY 16, 2007 Well, this is interesting. The census says "AU". But here is the information accumulated about the note in the census.... "Graded Gem CU-67 by CGA, then CU-62 by PMG". Now someone who wanted you to lose had CGA put the note back in the GEM 67 holder. The note was last sold for $747.50. |
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UPDATED MAY 2, 2007 Well, this is how CGA does it; Great example. I sold a $1 Eagle in auction. It was in a PMG 64 holder..... Here is the census Fr.236 X22763266A PMG CU 64 per Vince Cavo 4/18/06. The reason, the bottom margin. Now look what happened when CGA took personal attention in an effort to make money. The guy wants $1000 for a $450 note. YOU LOSE WITH CGA!!! |
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UPDATED APRIL 28, 2007 Here is a prime example of the greed from CGA through it's dealers. This note is documented in the census from 1989 as damaged and repaired. You can see the repairs, three or four of them. A dealer sold this note to his customer for $29,500 as the finest known. Needless to say, when the collector found out, the dealer did not take the note back. He was to busy building a million dollar home. If you want to know what dealer to avoid, let me know. And CGA; he bought more Nationals with the profits. BUY CGA= LOSE MONEY |
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UPDATED APRIL 28, 2007 Here is another screwing that a collector took from CGA. Both notes were sold in a CGA CH CU 64 holders for a total of $7,900. Well the notes are now in PCGS holders. The $500 is a stunning XF 45 and the $1000 is an AU55. The collector probably will lose at least 1/2 his money on this deal. Can it get any better than that!! |
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UPDATED APRIL 16, 2007 Check out this expensive $1000 note coming up in the CPMX auction in St. Louis. The note is an AU in the census but CGA loves to over grade currency to generate income. Here are the graders of this note prior to CGA, Hickman & Oakes 6/25/86:405 @ $2,153. Tell ALL your friends about CGA. Don't pass up the opportunity to save a collector from a great loss. |
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UPDATED APRIL 8, 2007 Here we have another overgraded FR 296 coming up in the CPMX auction in St. Louis. A SUPERB GEM CGA 66 that was sold in auction, Bowers & Merena (ANA) 8/9/89:4556 AU @ $990. YES, AU. What does it take to stop collectors from getting screwed.
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UPDATED APRIL 8, 2007 Here we have another overgraded $2 ED coming up in the CPMX auction in St. Louis. A SUPERB GEM CGA 66 that was sold in auction, Bowers & Merena 11/29/01:5049 @ $2,875 AS AN AU. Yes, let me say it again, AU..... To get the correct grade of a CGA note you must first deduct several grades to get there. |
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UPDATED APRIL 8, 2007 Well, here in a note graded by Lyn Knight as an AU in August of 2004. He blew it again. The superior expertise of CGA has made a much better evaluation in an effort to profit off of a unknowing collector. It's now a overgraded GEM 66. Pay AU money for this one and you MIGHT be OK. |
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UPDATED APRIL 6, 2007 CGA performs another miracle of grade inflation and profits fill their pockets while the collector suffers huge losses. This note is from a cut sheet of XF notes. See here: Fr.242 B13055193 A EF Reconstructed Sheet: Bowers & Merena (LEE) 4/6/97:3185 @ $3,600 Don't get screwed trust the better grading service, PMG
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UPDATED March 18, 2007 I took a look at the Bowers sale going on this week in Baltimore. Most of the CGA notes in that auction, just by visual review, are overgraded anywhere from one to three grades; That is assuming the notes are really UNC. Like the last few auctions, most likely these CGA notes won't be bid on either. One great note to avoid, the FR 288 in CGA GEM 66. Apparently the CGA grader forgot to mention the repair on the note. Save your money, avoid CGA graded notes. |
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UPDATED March 18, 2007 I JUST RECEIVED THIS!!! thank you, thank you, thank you. you have saved me a ton of money. thanks to you i stopped buying cga notes over 18 months ago. amazing to see there collapse. you are the man. a great man. Phil f. // duke801 DON'T GET CAUGHT WITH SOMEONE ELSE'S HAND IN YOUR POCKETS!!
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UPDATED February 28, 2007 Here is another lol-la-pa-los-a note providing us with more reasons to avoid CGA graded currency. This fine example of an FR 50 was graded VF by an auction house in 1979 per the census. Save your money, avoid CGA graded currency. |
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UPDATED February 28, 2007 THREE LITTLE PIGS This is on Ebay this day. The FR 269 in the picture is in the census as an Extra Fine. NOW IT'S A CGA GEM 67. To quote one person, "Oh - forgot to mention - I sold this one in 1988 - it was EF then too. Tell your buyers to hold off - it could be CGA CU 69 within a year or two, the way it's improving." Don't get screwed!!
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UPDATED February 8, 2007 A few CGA concerns for the March 9th auction in Chicago. Check out the comments by the auction house on lots 82, 197, and 231. Even the auction houses are getting tires of the poor CGA grading. But, guess who consigned the Plymouth Rock collection to the auction house.... BINGO.... Follow the money and you can buy a lot of nationals thru fraud. Here are a few comments about CGA Grading from the auction house: Lot 82... "I must admit I am surprised to see this beautiful note in a Ch. CU-64 CGA holder, as there seems to be a couple of corner bends that are visible near the wrinkles on the back right of the note. It's clearly a beautiful, valuable note, but the handling really only hurts the note because of the way it's graded." Lot 197.. "Personally, I think I see at least one fold, but the last sale I made privately was for a lower grade, although beautiful, example." This is another CGA CH CU 64. Lot 231.. "." This note has had its margins trimmed on the edges and it affects the overall appeal. This note is the lowest serial number recorded for this signature combination by about 6,000; there are no others even close. That certainly should make this note more appealing, but I wouldn't call it 64. Then again, it's not my grading service. Graded Ch. UNC 64 by CGA." With so many CGA graded notes like this in the sale, would you put your investment dollars into something like this???
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*** ATTENTION IF YOU BUYING A NOTE IN A CGA HOLDER YOU ARE ASKING FOR PROBLEMS*** February, 14 2007 MAJOR UPDATE Here are some Ebay comparisons: These are all 1928 $10 gold notes
Ebay # 120079829221, Note S/N A48194157A, PMG Gem 65 EPQ, sold
$1,221 on 2-4-07
Ebay I#190077780297, Note S/N A39607065A, CGA Gem 65, sold for $775 on 2-5-07
Ebay #110085496020, Note S/N A48021267A, CGA Gem 65, sold for $795 on
2-7-07
Ebay I# 120082700671, Note S/N A57502220A, PMG Gem 65 EPQ, sold
$1,102 on 2-12-07
Ebay # 190085949005, Note S/N D55110252, CGA GEM 67 sold $1,072 on
3-01-07
Ebay # 130082764519, Note two seq 226a.s, PMG GEM 67 sold $4,000 on 2-26-07 Teletrade (long time coin Auction house; now into graded-only Currency auctions) will not deal in any CGA graded notes. It's PCGS, PMG or nothing.
PMG
NO LONGER ACCEPTS CGA CROSS-OVER'S
Auctions at Long Beach this week showed the extreme weakness of CGA graded notes. Many were not bid on and many only went for 30% to 40% of PMG or PCGS graded notes. |
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UPDATED February 8, 2007
Looking at this, there are 37 FR 70 notes graded by PMG as of 1/31/2007. 17 of these notes are graded CH CU 63 or better. (NOTE: GRADED BY PMG) Now, an Ebay seller, PORSCHEAHMET wants collectors to think his CGA FR 70 graded CH CU 62 is worth $265,000.00. I suspect he thinks you are stupid. Please note the obverse margins on this note. I'm sure, if you wait, you will be able to purchase a much better example of one these for a few dollars less. Take care with CGA dealers. |
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UPDATED February 7, 2007 DANGER, DANGER WILL ROBINSON BE EXTREMELY CAREFUL WITH THE CGA GRADED NOTES IN THE CPMX AUCTION IN CHICAGO. ABOUT 95% OF THE CGA LARGE TYPE NOTES IN THIS AUCTION ARE NOT IN THE CENSUS. THIS IS VERY SCARY!!! SINCE THE PRESIDENT OF CGA WANTED EVERYONE TO KNOW ABOUT THIS AUCTION BY BROADCASTING IT ON THE PCGS MESSAGE BOARDS,, I SUSPECT HE HAS SOMETHING MONETARY TO GAIN BY ADVERTISING THE AUCTION. HERE ARE A FEW DIFFERENCES I DID FIND: LOT FR Serial Census CGA SAYS 061 62 1 VG+ VF 20 288 800 J418988 AU CH CU 64 299 835b D1823770 Take a look at the margins
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UPDATED January 27, 2007 These wonderful notes are in the Pre Long Beach Sale February 11th to 14th 2007 at Goldberg's and should be avoided or purchased with the following considerations. All of these are in the Census as noted here. Guess who owns them. Please, take one guess!!! Lot AUCTION DESCRIPTION & SERIAL NUMBER CENSUS SAYS 3354 1861 $5 FR-2 # 95442 CGA graded VF 20 NOTE repaired. CAA says tear 3368 1869, $2 FR 42 # U2342332 CGA graded Gem 66. Census AU 3431 1896, $1 FR-224 # 438462 CGA graded Gem 65. Census XF 3458 1891, $2 FR 245 # 7 CGA graded XF 40. Census VF 34861923, $5 FR 282 # 4 CGA graded Gem 68 prev cga67 now cga 68 3487 1923, $5 FR 282 # A3510977 CGA graded Gem 65 Census AU 3494 1880, $20 FR-311 #B3497599 CGA graded AU 58 Census XF 3497 1891, $20 FR 319 #E7705429 CGA graded Very Fine 20 Census Fine 3668 1914, $100 FR 1083b # L11329 CGA graded Gem 66 Census AU 3676 1918, $1000 FR 1133b # 19961 CGA graded Gem 67 Census AU. 3703 1922, $1,000 FR 1220 # 43379 CGA graded VF 35 Census VG/Fine
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JANUARY 15, 2007
This note appeared on Ebay on January 14th. The note was auctioned in 1990 as an XF in a Smythe auction. (See below) Looks pretty good, but you will eventually lose over 50% of your investment if you buy this one. NASCA/Smythe 3/29/90:1063 @ $360
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JANUARY 10, 2007 This is an interesting note. It sold a few years ago in a CAA auction. A close friend of mine noted that the note had a center fold. Furthermore, he noted a current grader of a grading company purchased the note. ANY GUESSES WHO? BINGO!! FOLLOW THE MONEY. |
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JANUARY 08, 2007 While attending the auctions at the FUN show in Florida this week, the bottom has fallen out of CGA large type graded notes, I would guess that 75% of CGA auction lots were not even bid on. Most of the rest that were bid on were under $600. Conversely, PMG and PCGS graded notes were very strong, especially the epq and rarer notes. There are now tons of GEM 68 CGA notes on Ebay. If you bid AU money on them, you might be safe. |
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DECEMBER 10, 2006 Here is the exact reason you should pay 40% to 50% less for CGA Graded notes!!! This note is at best a 65. More likely it is a CH CU64 or less. The difference in value between a CH CU 64 and GEM 67 is 40% to 50% less for this FR number. |
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NOVEMBER 24, 2006 This is the first of three new CGA additions to the Hall of Shame. Look closely at the top, left corner in the superb GEM 68 from CGA. Looks like a corner fold it me. The comments from the census tells all about this AU note now in a CGA GEM 65 holder, "Lyn 5/79 FPL "Ch CU" @ $1,500; NASCA 9/10/81:761 "processed... heavily starched" @ $300" The third note is an AU in the census graded by one of the best in the country. He must have missed something. It is now in a CGA GEM 68 holder.
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NOVEMBER 20, 2006 Well Well Well, I observed a CGA grader bidding on several CGA notes, none of which he won, at the recent St. Louis auction on November 16, 2006. I wonder if he was shilling. And, watch for this note coming out of CGA. Although it was given the grade of GEM, there was a nice, well disguised fold right down the middle of the note. Guess who bought it,, Yep the CGA grader... Expect a GEM 66 or 67 at least. |
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NOVEMBER15, 2006 CGA STRIKES AGAIN!! THIS NOTE WAS SOLD IN THE LYN KNIGHT IN JUNE 16, 2006. THE NOTE WAS IN A CH CU 64 PCGS HOLDER AND SOLD FOR $460.00. NOW AS YOU CAN SEE, GRADE INFLATION AND MONEY MAKING HAVE COME TO THE RESCUE OF THIS NOTE. WHO CAN YOU TRUST WITH YOUR HARD EARNED MONEY? |
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NOVEMBER 09, 2006 If you have never seen currency price inflation at it's best click on the item to the right. The "FINEST KNOWN" CGA FR 231 went from $850,000 to $955,000 to $1,299,000 in the matter on less than one month. Who you deal with has a lot to do with how well you will do as a collector. You surely won't with this dealer... |
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MAY 14, 2006 CGA DEALERS LAUGH IN YOUR FACE I received this in an email!!!
"And plan on selling many CGA notes .I'm here to make a living ,I don't
collect this stuff I just sell it .I have been and will continue to do so
for as long as it makes me money .Say what you like about CGA I have no
problems selling it .The more you say the more attention you bring to it
the more I sell
.So please add me to your list ,be sure to include the
item number so people can track it when it sells .
You can't stop water from running downhill .Its just
the nature of the beast .people
are greedy and are fueled by the thoughts of getting over on someone else
if you fuel there minds with thoughts that they can get AU notes put into
GEM CGA holders don't you think they will start submitting to CGA ?
CGA is over run with submissions on a daily basis .I think you are helping
Jesse .Free advertisement "
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READ-VERY IMPORTANT CGA OFFERS RETURNS FOR NOTES THAT ARE OVERGRADED!! ONCE AGAIN CGA MAKES AN OPINION, NOT A GUARANTEE. IF YOU SEND PROBLEM NOTES TO CGA, THEY WILL GIVE ANOTHER OPINION AND POSSIBLY OFFER A TOKEN DIFFERENCE IN LOST VALUE. THE ONE AND ONLY APPARENT GRADER AT CGA WILL DETERMINE ANY LOSS OF VALUE TO A COLLECTOR AT HIS DISCRETION, AND A LOSS VALUE THAT THEY CALCULATE. WHAT WOULD HAPPEN IF ALL THE NOTES LISTED BELOW WERE SENT TO CGA????? EVALUATE THE GRADING SERVICE BEFORE YOU BUY. |
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November 08, 2006 The last time this note was seen, it was described by CAA as, "Fr. 1180 $20 1905 Gold Certificate Fine". See the first two pictures of what was an original note. Now the doctors of, make money by washing original notes, have struck again. Listed on Ebay, this note is at $3,000, in a private auction. Never ever bid on a private auction on Ebay. You are just asking to get taken. |
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November 04, 2006, The November surprise
Before is a sale for $9,200 at the FUN show in January, 10 months ago. After is an Ebay listing this week, same note but a bit more cash wanted, $88 GRAND.
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October 31, 2006, The Halloween surprise I put this note in auction at Long Beach in September 16, 2006 when it was in a PMG CH CU 64 holder, graded properly due to the low margin on the bottom. It is now on EBAY with a dealer, very friendly with CGA, selling it. Amazingly someone at CGA, or a good buddy, purchased this note and LOOK, grade inflation to a GEM 67. WHO DAY, WHO DAY THINK GONEA FOOL THEM COLLECTORS OUT OF THEIR MONEY!!!! |
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October 30, 2006 TOM DENLY INFERS, AND RIGHTFULLY SO, THAT CGA, AMONG OTHERS, BUY, SELL, AND GRADE THEIR OWN NOTES. LIKE MANY OTHERS HE HAS NO USE FOR THEM. DON'T GET SCREWED!!!! |
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October 12, 2006 Check out this note that is in the census as AU. Here is the description from the auction, "The margins are excellent and the color is great. Certainly worthy of a strong bid. Graded Gem UNC-65 by CGA. From the Rickey Collection." Check out the margins. Oh by the way, at least $8,000.00 + 15% to the enthusiastic winner. |
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October 01, 2006 Here are a few AU's that are in CGA GEM 66 holders. These AU's one of which was sold in auction and described with a light fold are perfect for the collector that wants to get screwed. These are on EBAY and actually the pictures appear to be copies and therefore may not be the sellers notes. But that's another laugh if they are stolen pictures. |
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September 26, 2006 Here is a funny one... This note was noted as stolen in the census. I know the guy. Please observe that the note is in a CH CU 64 CGA holder. The funny part, IT'S XF IN THE CENSUS!!! |
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SEPTEMBER 06, 2006 The tail of two grading services. This note sold in the January 2006 CAA auction for $25,300 in a CGA GEM 67 holder. It is now in the September 2006 CAA sale in a PMG AU 58 holder for, Gee, about $25,000. WOW Is there a message here about the value of CGA holders
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SEPTEMBER 06, 2006 Set to surprise an unknowing collector. It is currently set to sell for about $50,000. Of course, it's in a CGA GEM 65 holder. Oh to bad... Another CGA bo bo. It's XF from over 15 years of history in the census.
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AUGUST 26, 2006 Just came across this one on Ebay. This expensive note is in a CGA XF 40 holder. As best that I can see, there are at least eight vertical folds and one horizontal fold. I suspect that is a low grade VF at best, not XF. But who is counting when money is involved. |
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AUGUST 16, 2006 THE ULTIMATE WAY TO STEAL MONEY!!!!! My customer bought this note in a CGA holder, GEM 66 a few years ago. The note was sent to PCGS for a crossover. It ended up a AU 58. I cut it out of the PCGS holder and sold it in a CAA auction on 1/5/6. Guess who bought this note????? NOW THE NOTE IS AGAIN IN THE CAA AUCTION BUT IT IS IN A CGA 68 holder!!! FOLLOW THE MONEY!!!! |
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AUGUST 13, 2006 Here is how a few grades can make you a few thousand. Here is the census data where the note was sold in auction as a CH New. Now a CGA 65 holder. Look at the top margin on the obverse of this note. Almost into the design. Heritage/CAA 5/5/05:16995 @ $2,300; Heritage 1/5/06:17456 @ $2,530 |
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AUGUST 13, 2006 A nice $1 Educational to get screwed on: Census data is CH AU with a long history. NOW A SUPER GEM 67 WAITING FOR ANOTHER SUCKER. Sale 37: The Pre-Long Beach Auction census: Ch AU Mid American Currency 2/17/97 FPL @ $895; CAA 1/5/01:1406 @ $2,640; Lyn 8/5/04:802; Heritage/CAA 9/21/05:16973 @ $3,680 |
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AUGUST 13, 2006 Previous data: Census FR 122* serial # *428600B Census = CH AU Grading Now listed GEM 65 in a major auction June 10/2004 CAA/Heritage 5/17/02:2460 "Choice AU" (not sold); This is once again being sold as a Gem even though another auction house and the census call it CH AU. Sale 37: The Pre-Long Beach Auction The estimate is now $30,000. WHO WILL GET RIPPED ON THIS ONE!!! |
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AUGUST 10, 2006 The 2006 Denver ANA Auction
Session Five and Currency CENSUS FROM ANOTHER AUCTION HOUSE: Stack's (JAS) 3/15/90:1657 "Choice AU" @ $154; Stanley Morycz 1/95 FPL @ $390; Heritage/CAA 9/21/05:17001 (not sold) Notice that the note was not sold on 9/21/2005. Looking for a sucker!!!
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AUGUST 2, 2006 Let's see where this one takes us!! The CGA serial number on the reverse of the holder 12431. That you would think was graded about three or four years ago. However, I received information that this note was in a PMG holder with the notation, "REPAIRED TEAR", which was in the bottom margin. The note was in a PMG CH CU 64 holder. Now, that means the note was in a CGA holder once, before and once after it was holdered in a PMG holder. That gave CGA two chances to get it right... NO SUCH LUCK. I wonder why? I know the owner of the note when it was in the PMG CH CU 64 holder. Quote from the previous owner, "I have personally examined the note and there is indeed a small professionally repaired tear in the bottom margin." This note is now on Ebay item #290014124340 You might want to pass on this one... |
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JULY 24, 2006 Here is CGA and the distribution network at it's best. This note was sold on 1/06 in heritage auction as PCGS 58 PPQ A so called dealer, Centurycoll, he is a spokesman for cga (ie appears in CGA advertisements) on Ebay is now selling this "GEM", CGA 66. WHAT A BUSINESS!!!!! Please also look at the initials on the reverse label. It states, "JL". These happen to be the initials of the PRESIDENT OF CGA. Census date shows this note sold for $1,955 now ...$5,000 Stanley Morycz 11/90 FPL @ $1,250; Heritage 1/5/06:17277 @ $1,955 See Below: DOES CGA DOCTOR NOTES???? |
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JULY 15, 2006 Well. another XF in a CGA GEM 66 holder. CENSUS = Ch EF CAA/Heritage 5/6/04:18173 @ $2,070 This note is currently on Ebay: 1914 $50 Federal Reserve Note, Boston - GEM 66
Who bought this note in auction and then put it in a CGA holder, one guess..... |
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JULY 14, 2006 This was MY note in a PMG AU 55 holder. I cut it out and put it in auction. Heritage/CAA 9/21/05:17045 @ $460 At that price, bought by guess who, other bidders knew it was an AU. Not CGA!!! It is now on Ebay for $825.00 in a GEM 65 holder. Another money maker for CGA. |
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JUNE 27, 2006 Another collector gets screwed..Here are his comments ."HERE IS A FR1551 1966A $100 UNITED STATES NOTE (RED SEAL) SERIAL #A00807652A THAT WAS GRADED CGC 35 VERY FINE PREMIUM QUALITY BY CGC. THIS NOTE WAS FORMERLY GRADED CGA 65 GEM UNCIRCULATED BY CGA. HERE IS A RARER FR1550* 1966 $100 STAR** UNITED STATES NOTE (RED SEAL) SERIAL #00030967A THAT WAS GRADED CGC 62 CRISP UNCIRCULATED BY CGC. YOU CAN NOTICE THAT THIS NOTE WAS FORMERLY GRADED CGA 65 GEM UNCIRCULATED BY CGA. HERE IS SOMETHING FOR THE BEGINNER OR FOR A GIFT. 2 1957 $1 SILVER CERTIFICATES THAT WERE ORIGINALLY GRADED CGA 65 AND CGA 68 BUT WERE RE-GRADED LOWER BY CGC- BOTH TO CGC 64 CHOICE UNCIRCULATED PREMIUM QUALITY." |
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MAY24, 2006 Serial number H192452 FR 1207 As noted in the current Lyn Knight auction for May 2006, this fabulous $100 gold note is "Graded Gem UNC 65 by CGA." There is although, a minor discrepancy between that and the census which says "VF-EF, p" the "P" stands for pinhole. The history of this note dates back to 1985 and 1995 in two other auctions. This is a consumer investment loss of thousands waiting to happen! How did this note get into a GEM holder? |
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MAY 13, 2006 Check out this Buffalo that sold in auction at the end of 2005. The description from the auction house person was AU and that is what is in the census. A close friend of CGA has it on Ebay now for a whopping $4,300.00. The note looks very dirty, but that type of grading appears to be normal for CGA. This FR 122 adds to the list of at least four others that I list here, below. This note is on Ebay right now... 5/13/2006 |
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APRIL 12, 2006 A Dealer in CGA currency bragged about this rare, high grade note he owned and was selling. A GEM 66. Only problem, It's a AU in the census, described three times in over 10 years as AU. BUYER BEWARE |
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| At first the Dealer said there were only 23 of these in the census. I corrected him. There are 38. The problem here, Lyn Knight described this note as a CH AU with a center fold. BUYER BEWARE. |
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Here is a good one Produced by CGA. Look at the census of this Eagle: FR 234 E18728334 AU History: Graded Gem CU 65 by CGA, then AU 55 by PMG I OWNED THIS NOTE AND PUT IT IN AUCTION MYSELF AFTER CUTTING IT OUT OF THE PMG HOLDER. WHO BOUGHT IT IN AUCTION? Now the note is in a CGA GEM 66 holder. What lucky person with end up with this note. |
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May 10, 2006 Here is the Auction house grade on this note. "Gem Crisp Uncirculated 66." Estimated Value $4,500-5,000 However, a friend previewed this note and it was in a CGA 66 holder. The auction house left that out of the description. Now the censes has the note as follows:
R.M. Smythe 12/2/03:1729 Smythe calls them as they see them. AU not GEM. Another fold that CGA missed. |
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Goldberg Auction May, 2006
Check out this description for a CGA GEM 65,
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FEBRUARY 18, 2006 Let me give you some food for thought,,,, If I was a key player in a grading service and I; Purchased known and fully described XF and AU notes and put them in Gem 65, 66, and 67 holders; And, I personally purchased hundreds-of-thousands-of-dollars of note in auctions and I graded them; And, I sent many of these purchased notes to several auction houses and then had people bid them up; And, I created a distribution network for these notes; And, I helped by bidding on these notes on Ebay; And, I had my grading partner bid a note up to $100,000 that I paid $4700 for; And, I have done this for so long that I had to get other people to purchase the notes in my name because so many people know what I'm doing; And, I bought a note for $21,000 that was a VF with nine folds and sent it through the distribution network and it is now a CH XF and sold for $36,500; What would you think of me and my grading service? I await your response!!! Vince |
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APRIL 7, 2006 Here is a collector's testament of how he feels about CGA. I received this today: "
I have truly enjoyed your bad grading articles that are posted on the web
page. Years ago, I put all my faith in CGA as a premiere grading company
and unfortunately, I have suffered losses due to their grading
inaccuracies. After submitting several notes to CGA and closely watching
and carefully looking at slabbed notes, I started to see GEM notes that
were graded too high. I could not understand how a select few dealers
would end up with GEM notes when my notes appeared better but graded
lower.
I think the CGA reputation is fully saturated in the currency
collector/dealer world as several dealers told me to choose PMG or PCGS
for a grading company.
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JANUARY 7, 2006 Within the past few weeks I was about to purchase a real nice looking Battleship FRNB of SAN FRANCISCO, serial number 5. The Note was in a CGA 67 holder. Looked great! I of course said, if the note at least Gem'ed I would buy it. PMG AU58, a corner fold into the design can be seen on the lower left. I returned the note. Two weeks later the note was back in a CGA 67 holder and sold. The fold can be seen in the CGA holder. I hope you didn't pay the premium for this one. I saw the note in a dealers table at the FUN show in Orlando this week. |
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NOVEMBER 14, 2005 Ebay auction November 13, 2005 "Just look at the right side of the front or the left side of the back and you'll see what I mean. Not sure if that's another one of them classic CGA over grading or if it's done accidentally after it had been sealed. Still, I think it's probably best to pull this auction so that you won't get any problems with it." " |
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DECEMBER 1, 2005 HOT OUT OF THE CGA GRADE MAKER. LOOK AT THIS "CRISP UNC NOTE" |
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OCTOBER 11, 2005 This is the description from the R.M. Smythe auction date September 27, 2005 lot number 3177:
Your not even safe with small size currency. |
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JUST LISTED ON EBAY 10/05/05 This note that was a VG damaged and stained note is now bid up to $1,900 and it was just listed!!! IT'S NOW A VF 20 Here is the census data on this note: Fr.164 A899440 D VG, ds Bowers & Merena 11/6/02:6175 @ $863
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| Today you see the Black Eagles that were graded Ultra Gem-67 by CGA. They were re-graded by a grading service that guarantees their grades. Most ended up being graded AU58. The notes were cut out and evaluated at the graders location to insure that the notes were not damaged prior to grading. The buyer paid about $2300 each, a total of $18,000. The approximate value of these notes today is $2300. You might want to consider what grading service you use when acquiring currency. It can be a very expensive decision. |
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| Today you see the Black Eagles that were graded Gem-66 by CGA. They were re-graded by a grading service that guarantees their grades. Most ended up being graded AU58 or AU 55. The notes were cut out and evaluated at the graders location to insure that the notes were not damaged prior to grading. The buyer paid a lot of money for each note. You would think that a grading service can discern that a note is circulated and not UNC. You might want to consider what grading service you use when acquiring currency. It can be a very expensive decision. |
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| Space reserved for CGA 65's that are now graded AU AND ONE IS AN XF, WOW. |
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| Space reserved for CGA 64's that are now graded AU. I will water them and see if they get better!!!! |
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Look what just appeared on Ebay for New Year's Eve... Look at the reverse bottom margin on this "GEM" FR 1186 H14675998 AU Lyn Knight 2/20/99:595 @ $770 |
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DECEMBER 14, 2004 WOW A new discovery note listed on Ebay on 12/14/2004. Even the seller was confused by the grade. CGA apparently had the seller cancel the Ebay listing and said they would "properly" re-grade the note if he sent it back. My question, will they do that with all the other notes listed below!!! |
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NOVEMBER 15, 2004 This note was sold in an auction in Memphis a few months ago for $4200. The note was described then as a CH CU. I bid on the note myself and ended second behind someone that was involved in a grading service. Now the note is in a CGA GEM 68 holder. The low estimate on the note is $10,500 with a high estimate of $27,000. Anyone interested!! |
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UPDATE AUGUST 22, 2004 The note and the grade speak for themselves. Look at the distorted reverse of the note and the apparent glue or dirt in the side margins on the reverse. The margins are very ragged. The quote from the seller on Ebay, "Graded Gem CU65 by CGA, a bit generous in my humble opinion." You can judge for yourself. Another shinning example of accurate grading!! |
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IF YOU THINK LARGE SIZE GRADING IS BAD, LOOK AT THIS!!!!! |
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| This is one for you to decide. Look at the corners of this note. Look at the dirt on the right of the note. Look at the margin on the left. This is just the obverse. And the best news, this note is a graded and holdered AU 55. This note is in a major auction scheduled for August 5th, 2004. You might want to pass this one up. Here is the auction description: "A nice, large brown seal jackass note that has a weak lower left corner, but it has been graded AU-55 by CGA. There are 26 pieces listed in the census." |
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Census FR 17a serial # 79030 CENSUS = Ch AU Grading NOW CGA CU 65 On Ebay 7/14/2006 Last sale: Heritage/CAA 9/21/05:16615 @ $1,523.75 Since this note only sold for $1500, the dealers know of the real grade....
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NO CENSUS FR 17 serial # 25907 This note is a 17a Now inaccurately graded VF 20 as a very rare FR 17 |
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Census FR 18 serial # A468324 CENSUS = AU Grading NOW listed CU 66 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 19 serial # H6289531 CENSUS = CH AU Grading NOW listed CU 66 IN A 9/12/2004 MAJOR AUCTION ___________________________________________________________________ Census FR 34 serial # A3656149 CENSUS = WASHED WITH PINHOLES Grading NOW listed CU 66 IN A 9/12/2004 MAJOR AUCTION ___________________________________________________________________ Census FR 35 serial # A6306403 CENSUS = AU Grading NOW listed CU 64 __________________________________________________________________ Census FR 41a serial # 21214 Census = AU pinholes Grading Now listed CU 62 __________________________________________________________________ Census FR 41 serial # 45551 Census = XF/AU pinholes Grading Now listed AU 53 __________________________________________________________________ Census FR 42 serial # U3864633 Census = Fine Grading Now listed VF 25 On Ebay 6/30/2004 Auction CAA/Heritage 9/20/02:2544 @ $517.50 (FINE) __________________________________________________________________ Census FR 43 serial # B1324276 Census = AU pinholes Grading Now listed CU 63 __________________________________________________________________ Census FR 43 serial # B6265405 Census = XF pinholes, altered Grading Now listed CU 65 __________________________________________________________________ Census FR 44 serial # B1882561 Census = AU Grading Now listed CU 62 __________________________________________________________________ Census FR 44 serial # B4773097 Census = AU pinholes Grading Now listed CU 62 __________________________________________________________________ FR 59 serial # B28049614 Collector received the note and it has a centerfold. Was sold on Ebay during February. Note was returned to the dealer. Grading Now listed CU 64 __________________________________________________________________ Census FR 60* serial # *3936991 Census = Fine Grading Now listed VF 20 in a major auction June 10/2004 ___________________________________________________________________ Census FR 76 serial # A14336456 CENSUS = CH AU Stack's (JAS) 3/15/90:1596 "Choice AU... light vertical fold" Grading NOW listed CU 66 IN A 9/12/2004 MAJOR AUCTION ___________________________________________________________________ Census FR 79 serial # A25300413 Census = XF Grading Now listed CU 64 __________________________________________________________________ Census FR 79 serial # A25300414 Census = XF Grading Now listed CU 66 __________________________________________________________________ Census FR 79 serial # A25300415 Census = XF Grading Now listed CU 65 __________________________________________________________________ Census FR 80 serial # A270883795 Census = AU, part of an AU cut sheet Grading Now listed CU 66 Ebay 11/16/2004 __________________________________________________________________ Census FR 85 Serial # B39045641 Census per Sergio =AU Grading now in a super GEM 66 CGA in CAA auction 4/27/2006 ___________________________________________________________________ Census FR 95 Serial # 22393-NS19 Census = Fine (long history) Grading Now listed VF-20 __________________________________________________________________ Census FR 95b serial # 27954 Census = AU Grading Now listed CU 62 in a major auction June 10/2004 ___________________________________________________________________ Census FR 107 serial # A8426602 CENSUS = AU Bowers & Merena 3/15/01:3092 @ $1,380 Grading NOW listed CU 62 IN A 9/12/2004 MAJOR AUCTION ___________________________________________________________________ Census FR 113 serial # A37172817 Census = AU Grading Now listed CU 66 __________________________________________________________________ Census FR 118 Serial # D12376974 CENSUS = XF NOW IN A CGA GEM 67 WOW HOLDER CAA AUCTION 04/27/06
Fr.118 D12376974 B EF Scott Lindquist
10/98 FPL EF @ $1,175;
Currency Auctions of America 5/14/99:1224 "Choice New" @ $2,200; CAA
9/22/00:1486 @ $2,585; Lyn Knight 12/2/00:63 "Gem CU" @ $3,685; CAA
5/18/01:1183 @ $2,640
Census XF ___________________________________________________________________ Census FR 119 serial # E2036387 Census = XF Grading Now listed AU 55 __________________________________________________________________ Census FR 119 serial # E9896597 Census = AU Grading Now listed CU 66 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 120 serial # E13623855 Census = XF R.M. Smythe 6/15/01:1110 Choice EF @ $1,155 Grading Now listed AU 58 IN A 9/12/2004 MAJOR AUCTION __________________________________________________________________ Census FR 122 serial # E47203351 Census = AU (AUCTION 6/12/97) Grading Now listed CU 66 Ebay auction 7/31/2005 __________________________________________________________________ Census FR 122 serial # E57211188 Census = AU (AUCTION 12/03) Grading Now listed CU 65 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 122 Serial # E35291812 Census = CU sold in a Bowers & Merena auction in March 2003 as a CH CU for $2200 because of margins. Grading Now listed GEM 65 On Ebay 3/23/2004 AGAIN 4/18/2004 ___________________________________________________________________ Census FR 122* serial # *428600B Census = CH AU Grading Now listed GEM 65 in a major auction June 10/2004 CAA/Heritage 5/17/02:2460 "Choice AU" (not sold); ___________________________________________________________________ Census FR 128 Serial #A625823 Census = AU (dating back to 1973) Grading Now Listed GEM 65 __________________________________________________________________ Census FR 136 serial # A2653370 Census = CH AU Grading Now listed CU 65 __________________________________________________________________ Census FR 136 serial # A3287170 Census = AU altered Kreisberg & Schulman 3/11/65:894 AU @ $215; Hickman & Oakes 11/24/79:627 "AU... aging at ends" Grading Now listed AU 53 no mention of altered, looks nice now!! __________________________________________________________________ Census FR 137 serial # A3838650 Census = AU Grading Now listed CU 66 __________________________________________________________________ Census FR 158 serial # A87409 Census = AU+ Grading Now listed CU 65 __________________________________________________________________ Census FR 218 serial # B46105268 Census = AU Grading Now listed CU 64 Ebay 03/25/2004, Ebay 4/4/2004 ___________________________________________________________________ Census FR 221 serial # B70659611 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 222 Serial # E6282322 Census = CH AU Grading Now Listed Gem 66 LISTED SEVERAL TIMES IN AUCTIONS __________________________________________________________________ Census FR 223 serial # E25629819 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 224 serial # 2835716 Census = XF/AU Grading Now listed CU 64 __________________________________________________________________ Census FR 225 serial # 46945832 Census = AU Grading Now listed CU 66 __________________________________________________________________ Census FR 229 serial # X92911228 Census = CH AU Grading Now listed CU 68 (W O W) June 10/2004 Coin Galleries (FHH) 4/15/92:3753 "Ch AU... corner folds" __________________________________________________________________ Census FR 240 serial # B40 Census = CH AU Grading Now listed CU 65 __________________________________________________________________ Census FR 242 serial # B13055260 Census = AU Grading Now listed CU 64 __________________________________________________________________ Census FR 244 serial # B17971096 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 245 serial # E4712 Census = AU+ Grading Now listed CU 65 __________________________________________________________________ Census FR 246 serial # E8055394 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 246 serial # E15676818 Census = AU Grading Now listed FINEST KNOWN CU 68 Even CAA graded this note AU Now in Knight auction 3/10/2006 ___________________________________________________________________ Major Auction ending 2/27/04 Census FR 247 Serial # 981776 Was a XF/AU auction NASCA 12/6/78:1586 "EF+ Grading Now listed GEM 66 __________________________________________________________________ Major Auction ending 5/8/04 Census FR 247 Serial # 3908135 Was a AU Stack's 1/20/04:2726 @ $2,750 Grading Now listed GEM 66 Just made in auction a few months ago __________________________________________________________________ AUCTION ON EBAY 9/14/2005 AGAIN 11/21/2005 Census FR 248 Serial # 12833362 Was a CH AU Grading Now listed CGA GEM 67. THIS NOTE WAS IN A PMG AU 58 HOLDER I am told the note has two corner folds prior to being put into the CGA holder. Here is what the Ebay seller says, "Note has been sold in two prior public auctions as GEM CRISP UNCIRCULATED. These are Lyn Knight August, 1999, lot 1010 and Lyn Knight November, 2003 lot 1785. Inexplicably, it appears in the Gengerke census as choice about uncirculated which clearly represents a mistake. This note was examined by us prior to encapsulation by CGA and we wholeheartedly agree with the previous assessments by Lyn Knight and two other well known paper money dealers who have handled this note before as GEM CU. " CLICK ON THE PMG INSERT BELOW The original seller apparently had put that note in the recent Lyn Knight sale in St. Louis and it now re-appears on Ebay again. ___________________________________________________________________ Census FR 258 serial # N89690471 Census = AU Grading Now listed CU 64 ON EBAY 7/05/2005 Fr.258 N89690471 G
AU per Sergio Sanchez 10/10/01 ___________________________________________________________________ Census FR 260 serial # 7791423 Census = XF Grading Now listed AU 50 IN A 9/12/2004 MAJOR AUCTION __________________________________________________________________ Census FR 261 serial # B12422665 Census = AU Grading Now listed AU 50 IN A 11/15/2005 Ebay BACK ON EBAY 11 28 2005 __________________________________________________________________ Census FR 263 serial # B25575359 Census = XF Grading Now listed CU 65 __________________________________________________________________ Census FR 267 serial # E8289753 Census = XF+ Grading Now listed CU 64 ON EBAY 6/06/2005 __________________________________________________________________ Census FR 268 serial # 14056674 Census = AU-CU Grading Now listed CU 66 __________________________________________________________________ Census FR 268 serial # 3447120 Census = CU Stack's (JAS) 3/15/90:1682 "Choice CU, corners rounded" @ $4,180 Grading Now listed CU 67 IN A 9/12/2004 MAJOR AUCTION __________________________________________________________________ Census FR 269 serial # 25837212 Census = Fine-VF Graded now listed XF 45 EBAY 3/13/2004 __________________________________________________________________ Census FR 270 serial # 28403058 Census = XF+ Grading Now listed CU 66 (W O W) __________________________________________________________________ Census FR 270 serial # 30473021 Census = CH AU Grading Now listed CU 65 __________________________________________________________________ Census FR 272 serial # D1027672 Census = AU Graded now listed CU 64 EBAY 3/3/2004 __________________________________________________________________ Census FR 273 serial # D46388772 Census = VG-Fine (ERROR INVERT) Grading Now listed VF 20 in a major auction June 10/2004 Goldberg 1/25/04:1120(not sold); ___________________________________________________________________ Census FR 275 serial # E73349410 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 277 serial # M38138200 Census = AU Grading Now listed CU 66 __________________________________________________________________ Census FR 282 serial # A799976B Census = AU Sold Stack's 10/16/01:68 @ $1,437.50 described as CH CU Sold in Ebay auction as a CU 65 for $2900 recently. Then again for a $4600 reserve. Grading Now listed CU 65 in a Ebay auction May/23/2004 ___________________________________________________________________ FR 282 SERIAL NUMBER A3789568 CU IN THE CENSUS NOW IN A CGA GEM 66 holder however look below....... To quote Lyn Knight from the auction in which this note was sold to guess who, "a lovely porthole with great color and complete originality. JUST CHOICE BECAUSE THE BOTTOM MARGIN IS JUST OK." ON AUCTION EBAY 6/22/2005 ___________________________________________________________________ Census FR 282 serial # A2547799 Census = CU Stack's 5/13/03:655 "AU" Grading Now listed CU 65 IN A 9/12/2004 MAJOR AUCTION ___________________________________________________________________ Census FR 282* serial # *2961D Census = CH AU Grading Now listed CU 65 in a major auction June 10/2004 CAA 9/6/96:1386 "Choice AU" not sold @ $1,700 ___________________________________________________________________ Census FR 291 serial # B355094 Census = XF Grading Now listed AU 53 in a major auction June 10/2004 LAST SOLD---- CAA 1/9/98:1585 @ $2,420 ___________________________________________________________________ Census FR 294 serial # B10368893 Census = AU Grading Now listed CH CU 63 in a major auction June 10/2004 ___________________________________________________________________ Census FR 304 serial # D385755 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 318 serial # H7033054 Census = AU+ Grading Now listed CU 65 __________________________________________________________________ Census FR 332 serial # H832277 Census = F/VF (Tom Denly) Grading Now listed XF 40 EBAY 04/29/2004 __________________________________________________________________ Census FR 322 serial # H1865042 Census = VG/Fine Grading Now listed VF __________________________________________________________________ Census FR 334 serial # H166201 Census = CH AU Grading Now listed CU 65 __________________________________________________________________ Census FR 349 serial # A5608242 Census = VF Grading Now listed in a holder as XF __________________________________________________________________ Census FR 353 serial #A2405514 Census = VF auction Bowers & Marina Grading Now listed in an XF holder EBAY 08/24/2004 ___________________________________________________________________ Census FR 355 serial # A4353594 Census = VF Grading Now listed XF __________________________________________________________________ Census FR 361 serial # A5783129 Census = XF Grading Now listed AU __________________________________________________________________ Census FR 362 serial # B1205975 Census = AU Grading Now listed CU 62 __________________________________________________________________ Census FR 363 serial # B11340281 Census = XF Grading Now listed CU 63 __________________________________________________________________ Census FR 363 serial # B11340282 Census = XF Grading Now listed CU 63 ON EBAY 8/10/2004 __________________________________________________________________ Census FR 371 serial # B5483755 Census = CH XF Grading Now listed AU 55 EBAY 3/2/2004 __________________________________________________________________ Census FR 747 serial # A2800964A Census = AU Grading Now listed CU 62 EBAY 3/26/2004 and 4/4/2004 __________________________________________________________________ Census FR 749 Serial #8044946 Sold major auction = CH CU Grading now listed Gem 66 EBAY 3/4/2004 __________________________________________________________________ Census FR 794 serial # G4985834 Census = AU Grading Now listed CU 65 __________________________________________________________________ Census FR 837a serial # F36 Census = XF/AU Grading Now listed CU 62 __________________________________________________________________ Census FR 851a Serial # B59410194 Census XF (actually looks VF) Grading Now Listed AU 50 Ebay 3/13/2004 ___________________________________________________________________ Census FR 853 serial # C199530 Census = AU Grading Now listed CU 67 W O W __________________________________________________________________ Census FR 851a Serial # B72385511 HOLDER ERROR This note is 851a Grading Now Listed 855c CU 65 Ebay 3/13/2004 ___________________________________________________________________ Census FR 851* Serial # C4034911* HOLDER ERROR This note is 85%* Grading Now Listed 851* VG 08 Ebay 6/26/2004 ___________________________________________________________________ Census FR 858serial # D141827 Census = AU Grading Now listed CU 63 __________________________________________________________________ Census FR 897b serial # F500768 Census = CH XF Grading Now listed CU 65 __________________________________________________________________ Census FR 1035 serial # C3048675 Census = CH AU Grading Now listed CU 66 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1035 serial # C3214970 Census = CH AU Grading Now listed CU 65 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1035 serial # C3549258A Census = CH AU Grading Now listed CU 65 IN A 6/4/2004 MAJOR AUCTION The Stamp Center - Dutch Country Auctions 5/16/03:878 @ $1,950 ___________________________________________________________________ Census FR 1068 serial # L561671 Census = FINE Grading Now listed VF 25 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1068 serial # L360790 Census = FINE Grading Now listed VF 20 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1068 serial # L160973 Census = FINE Grading Now listed VF 20 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1068 serial # L183416 Census = FINE Grading Now listed VF 25 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1068 serial # L259195 Census = FINE Grading Now listed VF 25 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1092 serial # C515485 Census = XF+ Grading Now listed CU 63 on Ebay 3/2/2004 on Ebay again 9/25/4 __________________________________________________________________ Census FR 1107 serial # F441307 Census = XF/AU Grading Now listed CU 64 __________________________________________________________________ Census FR 1173 serial # K17772404 Census = AU Grading Now listed GEM 65 IN A 5/8/2004 MAJOR AUCTION __________________________________________________________________ Census FR 1178 serial # C11050636 Census = VF Grading Now listed XF 45 on Ebay 3/6/2004 __________________________________________________________________ Census FR 1180 serial # A1413934 Census = CH AU Grading Now listed CU 66 __________________________________________________________________ Census FR 1214 serial # M1098638 Census = VF Ebayer says it was cut out of a AU 58 holder Census says "VF Tom Denly 10/90; Joe Sande 2/6/97" on Ebay 6/25/2005 __________________________________________________________________ CENSUS FR 1132J Serial J771 CENSUS = XF stained and ALTERED Serial # J771 1918 $500 Federal Reserve Note NOW CGA CU 63 Was a EF+, as (altered and stained) Per Dean Oakes ___________________________________________________________ Ebay item 2225378202 ending 2/22/04 Serial # A2800964 1918 $2 UNC CU62 NATIONAL Last sold at Stack's 10/16/01:116 @ $862.50 as an AU
MORE TO COME
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