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<p>[QUOTE=&quot;maridvnvm, post: 4800795, member: 31620&quot;]I am bemused by much of what I have read in this thread. </p><p><br /></p><p>I am a collector and not a dealer. </p><p><br /></p><p>I would normally expect a typical collector to outbid a typical dealer almost every day of the week as the collector is usually used to paying retail and retail is typically what a dealer could pay at auction plus a markup (whatever markup they want to ask for).</p><p><br /></p><p>Why would a dealer be prevented from asking whatever markup they want on a coin they buy? They are using their knowledge of their market to know what to buy at and what to sell at. They make mistakes too and can make a loss on coins bought this way. </p><p><br /></p><p>I read the rule of theics oulined above differently to some others in this thread. The dealer should not tell you that your coin is worthless junk and offer you $50 if they know it is a $1,000 coin. The dealer should not claim that a coin they are selling is a $1,000 coin if they know it is worth $50. Neither of these have ANYTHING to do with how much they paid for a coin.</p><p><br /></p><p>If I buy a coin from a dealer at a fixed price, let&#039;s say $50, knowing that they have mis-identified the coin but I know it for what it is, let&#039;s say a $500 coin then should I not buy it? Should I notify the dealer of their mistake and allow them to sell it for the $500 it is worth? By the logic above I should not tell the dealer because if I did then they would not be able to charge the higher price for it anyway as they are only allowed a nominal margin. If I do buy it then I am somehow obliged to ONLY make a 20% margin if I flip the coin at some stage.</p><p><br /></p><p>I am confused about much of the logic in this thread.[/QUOTE]</p><p><br /></p>

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