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<p>[QUOTE="lowle harrison, post: 4199277, member: 109950"]Well I'm not sure what age crowd is commenting here, but Yes that is my "no-name" scumbay page and I graded those coins in 1990's which some of you might remember from a crib (I can pretty much tell the post-- baby boomer comments from the wartime babies comments). The history of the "TPG's" was a supposed attempt to take "slabbers"out of the business and "standardize" coin grading for the benefit of the collectors and unknowing buyers. If you geegle it you'll find out that PCGS was slapped with a FTC Complaint Sept.1990 Just days before the ANA opened its annual convention, "the FTC stunned many collectors by charging that Professional Coin Grading Service Inc. (PCGS), a leading coin rating service, had misled consumers by falsely claiming that its services eliminate the risks of investing in coins"(The Washington Post). Unfortunately the same time frame I was having many coins graded because of their claim which was echoed by the multitude of coin dealers enlisted to submit coins for customers to get graded. So we are not talking about Angels here. I was one of the "sheep" that followed that assessment being told in advertising and from dealers. Now I am realizing the damage that did to my overall portfolio and multitudes pf blue boxes of coins. I prefer educating over name-calling so here, read what was going on from 1983-1990. <a href="https://www.washingtonpost.com/archive/lifestyle/1990/09/07/ftc-grades-coin-services/7064d615-5679-415b-81b3-d12857bb48be/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.washingtonpost.com/archive/lifestyle/1990/09/07/ftc-grades-coin-services/7064d615-5679-415b-81b3-d12857bb48be/" rel="nofollow">https://www.washingtonpost.com/archive/lifestyle/1990/09/07/ftc-grades-coin-services/7064d615-5679-415b-81b3-d12857bb48be/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="lowle harrison, post: 4199277, member: 109950"]Well I'm not sure what age crowd is commenting here, but Yes that is my "no-name" scumbay page and I graded those coins in 1990's which some of you might remember from a crib (I can pretty much tell the post-- baby boomer comments from the wartime babies comments). The history of the "TPG's" was a supposed attempt to take "slabbers"out of the business and "standardize" coin grading for the benefit of the collectors and unknowing buyers. If you geegle it you'll find out that PCGS was slapped with a FTC Complaint Sept.1990 Just days before the ANA opened its annual convention, "the FTC stunned many collectors by charging that Professional Coin Grading Service Inc. (PCGS), a leading coin rating service, had misled consumers by falsely claiming that its services eliminate the risks of investing in coins"(The Washington Post). Unfortunately the same time frame I was having many coins graded because of their claim which was echoed by the multitude of coin dealers enlisted to submit coins for customers to get graded. So we are not talking about Angels here. I was one of the "sheep" that followed that assessment being told in advertising and from dealers. Now I am realizing the damage that did to my overall portfolio and multitudes pf blue boxes of coins. I prefer educating over name-calling so here, read what was going on from 1983-1990. [URL]https://www.washingtonpost.com/archive/lifestyle/1990/09/07/ftc-grades-coin-services/7064d615-5679-415b-81b3-d12857bb48be/[/URL][/QUOTE]
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