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Hypothetical question for dealers.
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<p>[QUOTE="10gary22, post: 1248331, member: 23626"]I am not a dealer, but have been marginally successful in business to the point I retired at age 57, I would explain exactly what the coin was. The process and costs of grading, the retail and wholesale values of the coin. Then allow the owner to make as informed a decision as he can as to what to do with it.</p><p><br /></p><p>I learned long ago that one's reputation is of far greater value than a few quick bucks on a deal. You have to consider that at some point the owner of the coin will obtain that knowledge from a different source. I would never try to take advantage of ignorance in the manner this story depicts. Worst case is I don't pick up a fast couple of hundred. Best case is I gain the trust of a customer and the good will that can serve to build my reputation.</p><p><br /></p><p>No matter what the business is, some guys are busy while others are starving. Build a good rep and you will be in there for the long term. IMHO[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1248331, member: 23626"]I am not a dealer, but have been marginally successful in business to the point I retired at age 57, I would explain exactly what the coin was. The process and costs of grading, the retail and wholesale values of the coin. Then allow the owner to make as informed a decision as he can as to what to do with it. I learned long ago that one's reputation is of far greater value than a few quick bucks on a deal. You have to consider that at some point the owner of the coin will obtain that knowledge from a different source. I would never try to take advantage of ignorance in the manner this story depicts. Worst case is I don't pick up a fast couple of hundred. Best case is I gain the trust of a customer and the good will that can serve to build my reputation. No matter what the business is, some guys are busy while others are starving. Build a good rep and you will be in there for the long term. IMHO[/QUOTE]
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