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<p>[QUOTE="dougsmit, post: 2308038, member: 19463"]Those not new here will recognize this as a revisit to a recurring theme on this venue. Is it OK to set up as a business with prices 10x reality and offer 'expert' advice to people who know nothing that leads them to buy these items? We all know that there is a sucker born every minute but the question is whether a person who fleeces them is a criminal or just an astute businessman. Every so often we see examples of legitimate dealers (auction houses) posting a coin with a $100 estimate that sells for many times that amount. Sometimes that means the coin was something special that two specialists both wanted. Sometimes it means that two people with more money than sense bumped heads on a coin of no particular merit. We can hardly blame the seller unless he suggested to the buyers that they needed to place those bids.</p><p><br /></p><p>When I was newer in the hobby it was common to see auctions that specified 'no buy bids' meaning you were not allowed to place a bid defined as 'one increase over whatever anyone else bids'. Now we have the opposite where a certain class of sellers will start 10x higher than anyone would pay with the hope that someone offers them half. The question we each ask is whether we want to play their game to get that coin or whether we are satisfied to settle for the sellers who are and cater to gentlemen (and ladies) interested in coins and not games.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2308038, member: 19463"]Those not new here will recognize this as a revisit to a recurring theme on this venue. Is it OK to set up as a business with prices 10x reality and offer 'expert' advice to people who know nothing that leads them to buy these items? We all know that there is a sucker born every minute but the question is whether a person who fleeces them is a criminal or just an astute businessman. Every so often we see examples of legitimate dealers (auction houses) posting a coin with a $100 estimate that sells for many times that amount. Sometimes that means the coin was something special that two specialists both wanted. Sometimes it means that two people with more money than sense bumped heads on a coin of no particular merit. We can hardly blame the seller unless he suggested to the buyers that they needed to place those bids. When I was newer in the hobby it was common to see auctions that specified 'no buy bids' meaning you were not allowed to place a bid defined as 'one increase over whatever anyone else bids'. Now we have the opposite where a certain class of sellers will start 10x higher than anyone would pay with the hope that someone offers them half. The question we each ask is whether we want to play their game to get that coin or whether we are satisfied to settle for the sellers who are and cater to gentlemen (and ladies) interested in coins and not games.[/QUOTE]
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