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I just found out that the FM band on these early Philcos no longer works. I did a little online research and found that somehow the dial goes to 99Mhz, but the radio actually only tunes to 42-50Mhz. Go figure! That must be why one of the push-button presets is marked television, which we no longer receive. Besides that, 42-50Mhz is just below the old channel 2-6 frequency. So, since the shortwave and AM selections work on this set, I was troubleshooting for no reason! I still don't get why the dial reads frequencies that the radio is not capable of receiving.
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