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<p>[QUOTE="coinman0456, post: 808437, member: 18177"]This is a tough question which can only be answered by the buyer. Where does one draw the line between Ethical and Unethical. A seller walks into a local coin dealer to sell a bunch of coins. The dealer examines the coins and notices a Error coin, one individual piece. Now they know the coin is worth X amount of dollars say for argument sake $150. Should he tell this seller about it or offer a fair price including the value of the error coin? Should he withhold that information from the seller and submit an offer which is without a true value included of the error coin? Would anyone want to do business with a dealer such as this ? If you agree there is no ethical responsibility to be laid upon the dealer where do ethics apply ?</p><p><br /></p><p>For me I have no questions as to how I would approach this situation, given the aspect of having this knowledge of the error and it's value from the buyers perspective. But here this situation is further complicated as it was listed in an open auction, which implies a significant responsibility upon the seller to determine an acceptable value for the item being sold, as with any Auction. Once the hammer falls, the buyer owes the seller no further consideration. That is simply business. I hope this helps some.[/QUOTE]</p><p><br /></p>
[QUOTE="coinman0456, post: 808437, member: 18177"]This is a tough question which can only be answered by the buyer. Where does one draw the line between Ethical and Unethical. A seller walks into a local coin dealer to sell a bunch of coins. The dealer examines the coins and notices a Error coin, one individual piece. Now they know the coin is worth X amount of dollars say for argument sake $150. Should he tell this seller about it or offer a fair price including the value of the error coin? Should he withhold that information from the seller and submit an offer which is without a true value included of the error coin? Would anyone want to do business with a dealer such as this ? If you agree there is no ethical responsibility to be laid upon the dealer where do ethics apply ? For me I have no questions as to how I would approach this situation, given the aspect of having this knowledge of the error and it's value from the buyers perspective. But here this situation is further complicated as it was listed in an open auction, which implies a significant responsibility upon the seller to determine an acceptable value for the item being sold, as with any Auction. Once the hammer falls, the buyer owes the seller no further consideration. That is simply business. I hope this helps some.[/QUOTE]
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