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E-Bay Seller: Is he an optimist or unethical?
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<p>[QUOTE="Lehigh96, post: 633876, member: 15309"]To answer your question, no it is not unethical to exclude auction prices that are lower (even 2x) than the price guide. With a little research, the potential buyer should be able to see that the coins are not reaching the price guide price. The difference is that in my example, there will be auction coins at both levels of price. Expecting a novice collector to understand that the two TPG's have different grading standards for the series is unrealistic. They are told on this and every other forum that NGC and PCGS are the big two with PCGS driving slightly higher prices. My guess is that novices see absolutely no difference between the two TPG's unless they got an early shot of kool aid along the way.</p><p><br /></p><p>I understand that you think it is unfair to label the seller as unethical, but the seller really gave me no other choice than to be suspicious. The chances that he owned an NGC MS67 that would meet PCGS standard for the MS67 grade are remote. In addition, the photos were terrible and there was no way for the buyer to grade the coin himself. There was no description of the coin or explanation for the premium. My guess is that if you were the seller of this coin, you would have provided a very detailed explanation for the price. My opinion of this listing was that a professional dealer went fishing.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 633876, member: 15309"]To answer your question, no it is not unethical to exclude auction prices that are lower (even 2x) than the price guide. With a little research, the potential buyer should be able to see that the coins are not reaching the price guide price. The difference is that in my example, there will be auction coins at both levels of price. Expecting a novice collector to understand that the two TPG's have different grading standards for the series is unrealistic. They are told on this and every other forum that NGC and PCGS are the big two with PCGS driving slightly higher prices. My guess is that novices see absolutely no difference between the two TPG's unless they got an early shot of kool aid along the way. I understand that you think it is unfair to label the seller as unethical, but the seller really gave me no other choice than to be suspicious. The chances that he owned an NGC MS67 that would meet PCGS standard for the MS67 grade are remote. In addition, the photos were terrible and there was no way for the buyer to grade the coin himself. There was no description of the coin or explanation for the premium. My guess is that if you were the seller of this coin, you would have provided a very detailed explanation for the price. My opinion of this listing was that a professional dealer went fishing.[/QUOTE]
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