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<p>[QUOTE="Herodotus, post: 7807826, member: 111387"]Both scenarios are a verbal contract involving offer/acceptance. As long as both parties are of sound mind, then such transactions are 'kosh'.</p><p><br /></p><p>Why would/should I have any different feelings about agreeing to/the outcome of the separate examples?</p><p><br /></p><p>A better illustration of the 1st, would be if I hired you to mow my lawn for $50, and you in turn hired another guy to mow it; using your lawnmower & gas for $30(netting you $20).</p><p><br /></p><p>As long as my lawn is mowed to my expectations, and I'm pleased with the results, I would have zero qualms with that situation. Yes, I could also mow my own lawn myself, but then I would have to purchase my own lawnmower/gas and utilize my time(which I've valued at more than the time required to mow my lawn). Those are the (hypothetical)factors involved as to why I'm willing to pay for hiring someone else to do the job.</p><p><br /></p><p>The same applies to coin dealers. A person can choose to sell their coin to a dealer for the convenience of the dealer doing the legwork for them, or one can opt to do the work themselves. It isn't as if there is any strong-arming involved.</p><p><br /></p><p>As for the up-marking of materials by general contractors, mechanics and the like.. That is the way that those businesses are run. Want to watch a few YouTube vids on how to install a door, or an alternator, buy the necessary tools, acquire the materials/parts oneself, and DIY?</p><p><br /></p><p>Personal choices abound.</p><p><br /></p><p>I too am generally of the sort to DIY, so I do share some of your views here.</p><p><br /></p><p>And of course, no ill intention intended with our discussion here; merely a meaningful exchange of opinions and perspectives.</p><p><br /></p><p>As a footnote:</p><p><br /></p><p>I'm not one to vilify coin dealers for merely providing a service to collectors as a medium of exchange from the wholesaler acting as a retailer. While some practices could be considered shady and unethical; the dealer is acting as an independent entity. They have no fiduciary responsibility to their clients, unless they are contracted to do so, or their membership to certain organizations requires them to do so.</p><p><br /></p><p>What goes around comes around. Reputation is fundamental to the survival of a business. Screw enough folks over and word gets around. Pretty soon people will shop for their coins looking elsewhere.[/QUOTE]</p><p><br /></p>
[QUOTE="Herodotus, post: 7807826, member: 111387"]Both scenarios are a verbal contract involving offer/acceptance. As long as both parties are of sound mind, then such transactions are 'kosh'. Why would/should I have any different feelings about agreeing to/the outcome of the separate examples? A better illustration of the 1st, would be if I hired you to mow my lawn for $50, and you in turn hired another guy to mow it; using your lawnmower & gas for $30(netting you $20). As long as my lawn is mowed to my expectations, and I'm pleased with the results, I would have zero qualms with that situation. Yes, I could also mow my own lawn myself, but then I would have to purchase my own lawnmower/gas and utilize my time(which I've valued at more than the time required to mow my lawn). Those are the (hypothetical)factors involved as to why I'm willing to pay for hiring someone else to do the job. The same applies to coin dealers. A person can choose to sell their coin to a dealer for the convenience of the dealer doing the legwork for them, or one can opt to do the work themselves. It isn't as if there is any strong-arming involved. As for the up-marking of materials by general contractors, mechanics and the like.. That is the way that those businesses are run. Want to watch a few YouTube vids on how to install a door, or an alternator, buy the necessary tools, acquire the materials/parts oneself, and DIY? Personal choices abound. I too am generally of the sort to DIY, so I do share some of your views here. And of course, no ill intention intended with our discussion here; merely a meaningful exchange of opinions and perspectives. As a footnote: I'm not one to vilify coin dealers for merely providing a service to collectors as a medium of exchange from the wholesaler acting as a retailer. While some practices could be considered shady and unethical; the dealer is acting as an independent entity. They have no fiduciary responsibility to their clients, unless they are contracted to do so, or their membership to certain organizations requires them to do so. What goes around comes around. Reputation is fundamental to the survival of a business. Screw enough folks over and word gets around. Pretty soon people will shop for their coins looking elsewhere.[/QUOTE]
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From where do the dealers and auction sites get their coins?
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