PCDA Code of Ethics

As an active member of the Professional Currency Dealers Association (PCDA), I have pledged to fully support each of the elements of the PCDA "Code of Ethics" which is presented below, in its entirety.

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From The PCDA Constitution & By-Laws Rev. Feb. 17, 2001

For the purpose of this code, the term "material" shall refer to, but not be limited to: paper money, stocks, bonds, scrip, documents and all other items of a syngraphic, fiscal or numismatic nature that make up the usual products in which the members deal and conduct business.

Section 1. TEXT OF CODE

"As a member of the Professional Currency Dealers Association (PCDA), I pledge:

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

To furnish advice on numismatic matters to the best of my ability;

To deliver material that I sell promptly unless otherwise agreed between myself and my customer;

To pay for material I have purchased promptly unless otherwise agreed between myself and my customer;

To refrain from publishing any misrepresentat-ions relating to the prices, quality or guarantees attached to my merchandise or that of my competitors;

To assist governmental authorities in investigat-ing and prosecuting individuals regarding stolen numismatic material where appropriate;

To refrain from knowingly dealing in stolen material;

To refrain from knowingly dealing in spurious material without fully disclosing its status to my customers;

To grade material accurately to the best of my ability;

To refrain from any of the following in selling material to retail customers;

using high pressure sales techniques;

using misleading performance data;

intentionally misrepresenting the origin, provenance, or pedigree of any material;

intentionally misrepresenting the gen-uneness of any item;

intentionally misrepresenting the value of any material using auction prices realized, wholesale trading prices or any other pricing data;

intentionally misrepresenting the in-vestment potential of material;

intentionally misrepresenting an affilia-tion between myself and any govern-mental agency;

Section 2. BINDING EFFECT.

This Code of Ethics shall be binding upon all PCDA members and their registered representatives and employees, as well as on any non-member affiliated with any entity that (A) utilizes the PCDA logo; (B) has a bourse table at a PCDA-sponsored convention; or (C) is owned by, or employs, a PCDA member.

Section 3. CONDUCT PREJUDICIAL TO PCDA.

Violation of the Code of Ethics shall constitute conduct prejudicial to the PCDA for purposes of the Association's Constitution and By-Laws (under Article III) and may subject violators to censure, suspension, or expulsion from the PCDA, in addition to any other remedies available under said By-Laws or applicable law.

(10)

(11)

(12)

(13)

(14)

To respect all my numismatic contracts with fellow PCDA members, whether written or oral;

To respect my fellow members' contracts with third parties and not to interfere with same;

To freely exchange non-proprietary informa-tion with my fellow members when requested to do so;

To refrain from intentionally defaming the character of a fellow member or the quality of that member's products or services;

To publish clearly my return policy for material in advertisements, catalogs, booklets or other places where my material is offered for sale to retail customers."