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<p>[QUOTE=&quot;Kirkuleez, post: 1434800, member: 36864&quot;]I hate to say it, but it is up to the buyer to do their homework before buying a coin.&nbsp; How can you fault a dealer for asking too much money for a coin?&nbsp; Just don&#039;t buy it.&nbsp; I understand that it is wrong for dealers to participate in fraudulent practices like cleaning or otherwise altering a coin without stating that the coin has issues.&nbsp; But just asking too much for a coin is perfectly ethical.</p><p><br /></p><p>Recently, on this forum, a well respected dealer bought some coins that just about everyone graded way below what NGC eventually graded them.&nbsp; I have no idea what the dealer paid for the coins, but I am sure he was pleasantly surprised with the grades that NGC gave him.&nbsp; And yet a member said that it would be the ethical thing for him to pay the seller for the grades that he received.&nbsp; Coin dealing is a business like any other, he has to grade on what he sees, he has to determine if the coins are authentic, he has to take the risk.&nbsp; Why is he not entitled to make a profit? </p><p><br /></p><p>It is all too easy to call a dealer unethical, but it is really up to the buyer to learn about what he is buying.&nbsp; How many new collectors are really spending 10K on a Morgan dollar anyway?[/QUOTE]</p><p><br /></p>

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