New to the forum here, but thought I would share my recent experience with a new refurb CO-1C that I "won" on eBay. To start with, I bid on it before I found the thread here on the "train wreck necks," so needless to say, I was a little worried, even though I did get it for a crazy low price. Upon receipt, I unpacked it, and checked it out with a fine tooth comb, and really could not find anything close to a flaw, except maybe for a discolored bone nut, and a few pencil tip-sized nicks on the side of the fretboard at around the 18th fret. So, basically perfect. The first few notes were amazing - loud and ringing. First impression was wow! After a little more playing, noticed that the action was stiff and a little high - almost 6/32" at the 12th fret. Now I am worried again. Did the straight edge ruler check, and it fell about 1/8" below the top of the bridge, so I am thinking, here we go, neck reset time. Took the strings off, adjusted the truss rod to get a straight neck, and was prepared to start unbolting. Did a straight edge check one more time, but this time it hit just a hair below the top of the bridge, so I opted for lowering the saddle instead. I sanded off about 4/32," put it all back together, and the action is now a hair over 3/32 at the 12th fret. Easy fix - the guitar now plays really nice, sounds great, and is a keeper. They may be unloading these on eBay, but Guild did originally produce these to be fairly high end, expensive guitars, so even with the neck block stigma, it seems crazy not to grab one at these china-guitar prices! Anyway, just my 2 cents of rambling, because I am a very happy Guild owner!