Message:

<p>[QUOTE=&quot;stevereecy, post: 847299, member: 19884&quot;]I had an ethical dilemma the other day and I&#039;m curious to know where you all stand on it.</p><p>&nbsp;</p><p>First off, when selling a coin, if you don&#039;t represent the coin as what it is, and disclose all information about it, you&#039;re scum...slime...the lowest of the low.&nbsp; This thread isn&#039;t about selling coins.</p><p>&nbsp;</p><p>But when you&#039;re buying, when do you have a moral obligation to reveal what you&#039;re buying.</p><p>&nbsp;</p><p>If I was buying a coin that was a doubled die that I was familiar with, and the seller clearly didn&#039;t notice it, I feel that it is OK to buy it.&nbsp; Knowledge is power and you&#039;re paying their asking price for the coin in question.</p><p>&nbsp;</p><p>But sometimes there are shades of gray.&nbsp; The other day, I went into a coinshop that I&#039;ve always suspected pays nowhere near top dollar.&nbsp; (see the rationalization? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> )&nbsp; Anyway, they had a bunch of buffalo nickels in a pail for 75 cents each.&nbsp; I went through them, and didn&#039;t find anything nice, so I asked if they had anything better.</p><p>&nbsp;</p><p>The pulled out a bag with 5 buffalos in it.&nbsp; One of them was a 1917-D, but it was kind of corroded, dark, etc.&nbsp; Not a great coin, but I asked what they wanted for it because I needed it to plug the hole.</p><p>&nbsp;</p><p>The gal at the counter calls over this 20-something &quot;kid&quot; because he was their &quot;coin person&quot;.&nbsp; He looks at it, and asks me what the mint mark is.&nbsp; My response was, &quot;you tell me..you&#039;re the expert!&quot;.&nbsp; Then he asks me where to find the mintmark!&nbsp; So I tell him that it&#039;s on the back.&nbsp; He looks at it, and decides it is a &quot;P&quot;&nbsp; (not a &quot;D&quot;), and then looks up the value and says it is a&nbsp; Philidelphia mint version and offers it up for $3.</p><p>&nbsp;</p><p>What should I have done?&nbsp; What would you do? The law says that if he offers it to me for $3 and I accept it, I&#039;ve done nothing illegal.&nbsp; And I know that there are lots of times in coin purchases where my knowledge gets me a deal. But is there a point where it is too much?&nbsp; I&#039;m not talking about bilking old ladies out of their old coin collections through a classified ad in the paper here.&nbsp; I&#039;m talking about not providing them with my &quot;expertise&quot; (though there was little needed in this situation).</p><p>&nbsp;</p><p>Steve[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in