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Rebuttal to PNG Survey - How interesting!
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<p>[QUOTE="GDJMSP, post: 138054, member: 112"]This paragraph - </p><p><br /></p><p><i> "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."</i></p><p><br /></p><p>- is a perfect explanation of why experienced collectors and coin dealers advise against something that comes up here on this forum all too often. And it's all because of one little word - <u>investment</u>.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 138054, member: 112"]This paragraph - [I] "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, [url]www.ftc.gov[/url], New York Times, 8/17/90 p.D2, The Wall Street Journal, 8/17/90, pp.C1,C12."[/I] - is a perfect explanation of why experienced collectors and coin dealers advise against something that comes up here on this forum all too often. And it's all because of one little word - [U]investment[/U].[/QUOTE]
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Rebuttal to PNG Survey - How interesting!
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