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<p>[QUOTE=&quot;Orielensis, post: 4802623, member: 96898&quot;]This is a peculiar perspective, which I find hard to share. Would you say the same about, for example, your mechanic, your cobbler, or your plumber? All of these people make a profit from my business because they know more about cars, shoes, and plumbing than I do.</p><p><br /></p><p>The same applies to the coin dealers I buy from: they make a living because they know more about numismatics and the coin market than me, and provide me&nbsp; with a valuable service based on this expertise.</p><p><br /></p><p>&nbsp;I don’t depend on a single coin dealer. It’s a free market - if I find an auction house or dealer unreliable, unsympathetic, or less knowledgeable than expected, I can take my business somewhere else, and I unfortunately had to do so a couple of times. But if a dealer asks for fair prices, is pleasant to deal with, and knows their coins, I see no reason why they shouldn’t earn money from me or why I shouldn’t be friendly with them.</p><p><br /></p><p>Again, it’s similar to other services - neither my honest mechanic nor my trusted coin dealer is my antagonist. In fact, I want their businesses to thrive and survive since I benefit from their services.</p><p><br /></p><p>When it comes to dealers bidding in auctions, I don’t see the problem. Frank, for example, will enter a high number of low bids on coins that he expects to be able to sell for a bit more than he agrees to pay. That requires a good knowledge of the coin market to work out. Most of his bids will fail since a collector also saw the coin and bid what it was worth to them. On some coins, though, he will be successful, and if his guess was correct, he’ll be able to sell them with a profit in his own auction. I can’t see anything unfair about this - collectors bidding fair current market value will outbid dealers about any time.[/QUOTE]</p><p><br /></p>

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