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Does Collecting Certain Coins Create an Ethical Dilemma?
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<p>[QUOTE="CamaroDMD, post: 1261870, member: 5233"]And that is your choice...but I don't think there is anything wrong with anyone else doing it. Plus, the examples selling for $150 are not sellers "tugging at your heart strings" but sellers who are selling at the price that is competitive in the market. It's the price knowledgeable collectors are willing to pay. </p><p><br /></p><p>The people who are "tugging at heartstrings" are the people who sent the email ad that sparked the original thread (that in-turn sparked this one). That ad from the "New York Mint" was sent out only 2 weeks before the 10th anniversary of the attacks actually began with "On the bright, sunny morning of September 11, 2001, more than $200 million in gold and silver was locked in the underground vaults of the COMEX Banking System — far below the gleaming Twin Towers of the World Trade Center." This continued on for several paragraphs until finally comparing the events to Pearl Harbor. Then...that coin could be yours for $495. That is at minimum 2x the current fair market price for the coin. IMHO, these people are "tugging at heartstrings" and trying to make a profit off the tragedy. They are targeting not coin collectors who know what the going value is for these coins...but they are targeting the unknowledgeable populous who they hope to swindle using emotion. Trust me, dealers are making a profit on these coins selling them at the accepted market value...and there is nothing wrong with that in my eyes. However, the NY Mint is taking advantage of a tragedy and IMHO there is a difference. Maybe it's only a difference to me...but that is where I draw the line. Here is a link to that ad (which was originally posted in the other thread):</p><p><br /></p><p><a href="http://www.newyorkmint.com/itemd.asp?itemNo=225941&ad=NY918P2" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.newyorkmint.com/itemd.asp?itemNo=225941&ad=NY918P2" rel="nofollow">http://www.newyorkmint.com/itemd.asp?itemNo=225941&ad=NY918P2</a>[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1261870, member: 5233"]And that is your choice...but I don't think there is anything wrong with anyone else doing it. Plus, the examples selling for $150 are not sellers "tugging at your heart strings" but sellers who are selling at the price that is competitive in the market. It's the price knowledgeable collectors are willing to pay. The people who are "tugging at heartstrings" are the people who sent the email ad that sparked the original thread (that in-turn sparked this one). That ad from the "New York Mint" was sent out only 2 weeks before the 10th anniversary of the attacks actually began with "On the bright, sunny morning of September 11, 2001, more than $200 million in gold and silver was locked in the underground vaults of the COMEX Banking System — far below the gleaming Twin Towers of the World Trade Center." This continued on for several paragraphs until finally comparing the events to Pearl Harbor. Then...that coin could be yours for $495. That is at minimum 2x the current fair market price for the coin. IMHO, these people are "tugging at heartstrings" and trying to make a profit off the tragedy. They are targeting not coin collectors who know what the going value is for these coins...but they are targeting the unknowledgeable populous who they hope to swindle using emotion. Trust me, dealers are making a profit on these coins selling them at the accepted market value...and there is nothing wrong with that in my eyes. However, the NY Mint is taking advantage of a tragedy and IMHO there is a difference. Maybe it's only a difference to me...but that is where I draw the line. Here is a link to that ad (which was originally posted in the other thread): [url]http://www.newyorkmint.com/itemd.asp?itemNo=225941&ad=NY918P2[/url][/QUOTE]
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