CGC didnt do anything wrong here. I talked to Matt Nelson and he filled me in. The previous owner tried to bump it up a grade by having it pressed by persons unknown, and then the book was resubmitted as a raw to CGC. Whoever did the pressing got some bends out of it, but somewhere in the process, a second wrap became detached. So whatever improvements got made on the bends, got lost when the second wrap detached. I guess I view this as a cautionary tale: some rolls of the dice turn out better than others. And yes, you are right: in the final analysis, I got the same Cap 3 6.5 for $10k less than otherwise.
I'm keeping the book, happy to have it, and still love CGC