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<p>[QUOTE=&quot;zaneman, post: 260701, member: 3970&quot;]On August 17,1990 the FTC issued a press release regarding PCGS. “FTC CHARGES COIN CERTIFICATION CO. MISREPRESENTS OBJECTIVITY OF ITS COIN GRADING SERVICES; COMPANY AGREES TO SETTLEMENT” The FTC charged that “PCGS misled consumers by falsely claiming that it provides consistent, objective grading of coins and that investment in PCGS-certified rare coins eliminates all the risk associated with the grading of coins.” PCGS/David Hall was charged and placed on probation for 2 years. Civil Action No. 90-1982, <a href="http://www.ftc.gov" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ftc.gov" rel="nofollow">www.ftc.gov</a>, New York Times, 8/17/90 p.D2, The Wall Street Journal, 8/17/90, pp.C1,C12.[/QUOTE]</p><p><br /></p>

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