You dont have to ask, more often than not they have bought it well below what they are selling it for, just the nature of it. If they offer you 400 for a coin, it is worth 600-800 to them...it goes the other way if you are wondering what they paid for a coin you are looking to buy.
I find that more often than not, that many people are more likely to be opportunists rather than flat out dishonest. Many people would do the honest thing and don't go out of their way to create a situation where they make a fast and dishonest buck, BUT should the opportunity present itself, they may take it. I would not lump those people in with some of the scum I've seen, but it does put them in a grey area.
There was a time in my life that I wouldn't even have trusted myself. But, Now I can say from experience that it comes back later in life to haunt you and its not worth the aggravation and the guilt that weighs heavily on you. I can say now that I am an honest and very considerate person and would not cheat or lie my way into a good deal. I dont even try to work the dealers prices down at shows. I buy enough from alot of dealers and they give me breaks on the prices. I like a good deal as much as the next person but I'm not going to lower myself to those standards to get it.
I'm with Phoinix on this come on Ben you know you can trust me with the combination of your safe LOL Am I honest, I think I am to a degree, would I lie to get a coin 'NO' would I steal a coin Um depends on the coin LOL Seriously Ben the only people who can realy answer this are those you deal with
I voted yes as well. I think most people are inherently honest although I've known (and worked for) enough that weren't. I have no respect for those people except a paycheck that doesn't bounce. The guy I work for now is really a good guy. Been with him for 4-1/2 years and he treats me well. I get paid once a month and early on in my time with him he overpaid me about $500. I noticed it when I got home and called him about it. He had never had anyone do that and believe me he would have never known. Tempting? - yes, but I still have a very good relationship with my boss. I just got an unexpected $500 Christmas bonus and the computer I am now using he gave me for nothing when he bought a new one. What goes around does indeed come around and it's not always bad if you try to be good.
On the Seventh Day God said Let there be "Marines" and the Gates of He** opened! There are things that I have done that I may not be forgiven for, however, I will go to my Grave with Integrity, Honor and Respect! RickieB
Not sure. If I were selling coins in person, I could never rip someone off. As you said, I might make a profit, but I'm not going to sell a circulated 1999 quarter to someone for $10. On E-bay and other Internet venues, it is much more difficult. As most of you know, on some of your auctions - you get burned and sometimes, you get burned BIG TIME. On the other hand, there are the auctions where your item sells for twice what you thought it would go for. Do you e-mail the seller and say: "Hey guy, thanks for the bid, but I can reduce that for you....." Double-Edged sword.
Yes, I wish there were more sellers with honest descriptions and better pics. I will not lower my standards for the sake of profit and would never mislead or cheat for money. We will all be judged someday. Heres another " integrity" question, have you ever bought a problem coin in an ANACS net slab, cracked it out and relisted as raw and original/problem free, buyer be damned, yeeee hawwww I made a huge profit? My answer, NO, but it happens way too often. A while back, I had a family emergency in Detroit and had to leave AZ for week. I gave a fellow ebayer and blogger my password to both paypal and ebay to keep the flow moving without interuption or problem. No regrets, went perfectly and I was able to handle everything whenI returned. Do you know anybody like that? I think there are a few of them here that I could trust like that as well.
I believe in Karma ~what goes around comes around. In dealing with coins/currency or any other aspect of life my belief is if you knowingly abuse trust and behave dishonestly you'll certainly have it come back to you. Pocket change - if your item sells higher than expected that's simply the result of spirited bidding as long as you've described and displayed it accurately. I don't consider that dishonest.
A man walks into a room and shouts, "I am not crazy!" do you you believe him? A man walks into a room and says, "Trust me." (with or without the Joe Isuzu smile) do you believe him? A man walks into a forum and says, "I am trustworthy." Do you believe him? A man walks into a forum and says, "I am honest." . . . I agree with an up-post. It does not matter what I say, It matters only what another Judges of me. I abstain from voting this one. It serves no purpose.
mostly when i sell stuff i try not to make a profit off anything just to help other collectors out. i know i wouldn't want anyone to do that to me, so i don't do it to other people.
in my own opinion..yes. i get so sick at hearing about collector's getting ripped off by dealers or psuedo-dealers. that is one of the main reasons people leave this hobby w/ a bad attitude. thieves and rip-offs (unnamed "coin dealers and bullion dealers" who advertise on tv or send out fancy circulars). we have lost so many fellow collectors due to this. i returned to the hobby after many years as i became fed up with thieves, grading discrepancies, and often dealer attitudes. i ran my own business part-time.... 'Midwest Numismatic Galleries"..from 1982-1993. i left absolutely disgusted with grading practices, ect.. i have my interest back and have returned for nearly 2 yrs. learned a lot back then and then have been educating myself since i have been back. much wiser now (at least in some aspects!!!). we need to band together and educate the newbies. i can save them thousands of dollars if they just don't repeat MY mistakes!!!!! i know this is a little rambling and off topic..but my opinion is....you can judge the character of an individual by the way they treat those who can do nothing to, or for, them. anyway....you should always treat others as you would want to be treated. it would be nice to pick off somebody's 1893-s morgan for $15, but how would you feel it was done to you???? as numismatists, lets help those who are new to the hobby, or are just uneducated regarding value and grading. bringing more people in the hobby can only be a benefit for all involved (more collectors = more demand) as well as making friends and doing the right thing !!! oh well...enough of me. MERRY CHRISTMAS to all in our forum. may God bless you all now and throughout the new year.....steve
By all means, please help to educate and inform, from a full time dealers point of view and experience. Start a thread, post more often, jump in and go, it will be welcome !!!
No Offence Hey guy - great stuff - but I'm guessing 80% of the people didn't read it because you don't know where the <ENTER> key is. It's on the right hand side of your keyboard and every once in a while we hit it. Depends on which school you went too. General rule of thumb is to hit <ENTER> when to start talking about something new. I KNOW I'm going to get flamed on this - but if you REALLY want people to read what you are writing, make it as EASY as possible. And the easiest way is to break up your content with <empty> spaces. This is WRITING 101. No offense meant. Just a suggestion. God Speed.
While I agree it was a little tough to SRK's response it was still very interesting. And this thread like many others is treading into different directions - much like any other conversation. I stand by my original comment of 'what goes around, comes around' and in buying and selling coins for your collection regardless of profit, you have to consider the other person. I have sat in many coin shops and watched people walk into the store, their first time ever, to sell their coins or collections and start their conversations to the dealer with ' I have no idea what this is or what it's worth I just want to sell it '. Makes you wonder 'where'd you get it? Did you steal it? Did you just 'win' it with the inheritance lottery? I can't imagine anyone walking in to buy their first car, home or computer without research or taking an educated and informed person with them for support so they don't 'get ripped off'. Why is it people think 'coins' should be any different? The other scenario is the people who walk in with coins they've self 'valued' (again, w/o an informed partner) based on the MS70 column in RedBook or winning bid on Teletrade or Ebay and expect their coins, pulled from the baseboard of an old house and freshly cleaned with TarnX to be the same value ~ and accuse the dealer of ripping them off even as he patiently pulls the ANA Grading guide out to explain the difference. Usually, they don't want to hear it. And I've seen people walk in with rare, key date coins and the dealer offer very low bids because the coins are raw and they have to protect 'their' investment until they can get them authenticated by a third party grader in the event the coins are well crafted counterfeits. After all, what are the odds that this 'stranger', walking in for the first time, would have a 5 key date coins, and that's all? Where's the rest?? I've watched dealers patiently explain how to send the coins in to get them authenticated and how that will improve the possible value of the coins for that person to sell them, and they (the seller) just snatch the coins back in anger and storm out the door. I have watched these type things and wonder how they do it all day long, day after day, without losing their minds and integrity, but they don't. Not all dealers are evil. It's the stories told by those who leave disappointed that their worn, fake, damaged, cleaned or stolen coins aren't worth a million dollars that leads to the same reputation unfairly earned. It's just like sellers on Ebay. There are some honest, trustworthy sellers there as well but most of the time it's the 'obviously dishonest' sellers that get listed here for discussion. In the laws of attraction - you attract the thing that you devote your energy to. Yes, I know that's grammatically incorrect. Point is though, if you only focus on evil dealers, ripoff ebay sellers, and heartless cherry pickers .. that's what you'll attract back to you. Color me blindly optimistic but I like to this this hobby has far more honest and trustworthy buyers and sellers than we ever give credit to; those that leave it because they were ripped off were most likely 'asking' for it by trying to make it a 'get rich quick' venture rather than the true intention of the hobby - enjoying the coins for the coins. This concludes my thread wandering ~ back to our regularly scheduled program.
sorry, it has been over 30 yrs since i have taken an english class. we didn't have computers in school...not very tech savvy either!!!!