Kyzivat Currency

Code of Ethics

As a member of Professional Currency Dealers Association (PCDA), I abide by the following Code of Ethics


For the purposes 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 tat make up the unusual 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) To furnish advice on numismatic matters to the best of my ability;

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

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

(4) To refrain from publishing any misrepresentations relating to the prices, quality or guarantees attached to my merchandise or that of my competitors;

(5) To assist governmental authorities in investigating and prosecuting individuals regarding stolen numismatic material where appropriate;

(6) To refrain from knowingly dealing in stolen material;

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

(8) To grade material accurately to the best of my ability;

(9) To refrain from any of the following in selling material to retail customers:

  1. Using high pressure sales techniques;
  2. Using misleading performance data;
  3. Intentionally misrepresenting the origin, provenance, or pedigree of any material;
  4. Intentionally misrepresenting the genuineness of any item;
  5. Intentionally misrepresenting the value of any material using auction prices realized, wholesale trading prices or any other pricing data;
  6. Intentionally misrepresenting the investment potential of material;
  7. Intentionally misrepresenting an affiliation between myself and any governmental agency;

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

(11) To respect my fellow members' contracts with third parties and not interfere with same;

(12) To freely exchange non-proprietary information with my fellow members when requested to do so;

(13) To refrain from intentionally defaming the character of a fellow member or the quality of that member’s products or services;

(14) 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.”

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.

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.

Tim Kyzivat