Is It Unethical to Not Disclose Knowledge to Dealer?

... or for a seller to sell...

Yeah, I agree at most of the common levels. The problem centers on fraud. If it is wrong to sell something for what it is not, is it unethical to buy something for what it is not?

In my heart of hearts, I believe that these discussions go nowhere because we all just post a paragraph or two or three of personal opinions. No one really dissects the problem to investigate it from all aspects and angles.


Among the many facets is that from our public (or parochial) educations and from the common culture, we inherit a wide and deep burden of mistaken ideas. It seems that if the grocer sells a can of peaches, the consumer wanted to eat peaches. Maybe they are making a pie to sell to someone else. It is a fundamental truth of economics (at least as understood by the Austrian school) that every so-called "finished" product is just an input for someone else's production. In other words, the seller might have absolutely no idea what the buyer actually is seeking.

I bought a Morgan dollar with a hole in it to put on a key ring with a USB drive so that when I used the computers at school, I would not walk off and leave the drive.
Who knew?

So, someone sells a coin because of its nice grade and the buyer wants it for its repunched Mint mark. Who's to say?

 

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I'm going to bring my Power Ball tickets back and ask for a refund since it's clear now that I mis-selected the winning numbers.

 

Actually, I offered this pawn shop my knowledge and assistance in selling its coins on eBay, but my offer was not taken too seriously. Lately, I have built a relationship with this pawn shop. I have even been educating the seller about coins to help him with future sales and to avoid being taken advantage of. On at least one occasion, the seller insisted on charging me less than I was willing to pay for a coin. This pawn shop is genuinely happy with my business. It seems to me I lucked out by finding it since most coin collectors avoid pawn shops. From what the seller told me, as incredible as it sounds, the key dates I bought were sitting on display for a long time and totally neglected by customers.

 

In the future I suggest you wear your handicaps when cherry picking. You know, have someone tie your hands behind your back and view your loupe while holding it between your teeth. And hop around on one leg.

 

There`s a new invention out called the internet......and if anyone fails to use it for information as to what they have and might be selling......that`s on them. I don`t feel for the shop who sold the coins at all. If one is in the business of buying & selling, they should be doing their homework. Not knowing the value of what You`re selling is naïve in this day and age of information.