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E-Bay Seller: Is he an optimist or unethical?
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<p>[QUOTE="Mark Feld, post: 632951, member: 11467"]I don't know if the coin is priced at 6X its actual "value" or not, but in order to further the discussion/debate, let's say I agree. I still have a problem with labeling a seller as unethical, based solely on his asking price relative to a published price guide. In part, because once you do that, you're walking a very slippery slope.</p><p> </p><p>For example, about a year ago I bought a gorgeously toned common date PCGS MS65 Washington Quarter for roughly 10X the CDN bid price and marked it up about 15%. If you saw it, I doubt you'd think my asking price was unfair/unethical. But if you didn't see it and you didn't know me, what would you think? </p><p> </p><p>Also, there have been numerous occasions where I have seen coins sell in public auctions for 3X, 5X, etc. my bids (which I thought represented fair market value). If those coins had been listed for sale on Ebay at the prices they realized, you might think the sellers were unethical. </p><p> </p><p>Regarding the $100K Altima question you posed - If I saw one listed for $100,000, I would think the dealer was an idiot and a pig. But, unless he misled potential buyers in some way, I don't know that I'd automatically label him unethical. That said if he actually sold one for that amount, admittedly, I might feel very differently.[/QUOTE]</p><p><br /></p>
[QUOTE="Mark Feld, post: 632951, member: 11467"]I don't know if the coin is priced at 6X its actual "value" or not, but in order to further the discussion/debate, let's say I agree. I still have a problem with labeling a seller as unethical, based solely on his asking price relative to a published price guide. In part, because once you do that, you're walking a very slippery slope. For example, about a year ago I bought a gorgeously toned common date PCGS MS65 Washington Quarter for roughly 10X the CDN bid price and marked it up about 15%. If you saw it, I doubt you'd think my asking price was unfair/unethical. But if you didn't see it and you didn't know me, what would you think? Also, there have been numerous occasions where I have seen coins sell in public auctions for 3X, 5X, etc. my bids (which I thought represented fair market value). If those coins had been listed for sale on Ebay at the prices they realized, you might think the sellers were unethical. Regarding the $100K Altima question you posed - If I saw one listed for $100,000, I would think the dealer was an idiot and a pig. But, unless he misled potential buyers in some way, I don't know that I'd automatically label him unethical. That said if he actually sold one for that amount, admittedly, I might feel very differently.[/QUOTE]
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