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<p>[QUOTE="DonnaML, post: 4799720, member: 110350"]Another reason it's not fraud to "overcharge" for an ancient coin, as long as it's described correctly and no material information about it is omitted from the description, is that information on prices of comparable coins (both historic and current) is more easily available to buyers than ever before -- it's literally at their fingertips. Accordingly, you don't really have the problem of unequal access to the relevant facts that might lead to a finding of unconscionability. This is not like selling some poor old lady a shoddily-made refrigerator on an installment plan, with the information about total costs including interest expressed in legalese and buried in the fine print in 5-point font, if it's disclosed at all.</p><p><br /></p><p>I've also been wondering, throughout this thread, about where you think dealers are supposed to acquire the coins you buy from them if you bar them from buying at auctions.[/QUOTE]</p><p><br /></p>
[QUOTE="DonnaML, post: 4799720, member: 110350"]Another reason it's not fraud to "overcharge" for an ancient coin, as long as it's described correctly and no material information about it is omitted from the description, is that information on prices of comparable coins (both historic and current) is more easily available to buyers than ever before -- it's literally at their fingertips. Accordingly, you don't really have the problem of unequal access to the relevant facts that might lead to a finding of unconscionability. This is not like selling some poor old lady a shoddily-made refrigerator on an installment plan, with the information about total costs including interest expressed in legalese and buried in the fine print in 5-point font, if it's disclosed at all. I've also been wondering, throughout this thread, about where you think dealers are supposed to acquire the coins you buy from them if you bar them from buying at auctions.[/QUOTE]
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