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<p>[QUOTE="jolumoga, post: 1826590, member: 41780"]I am interested in some opinions on buyer ethical matters. </p><p> </p><p>Recently, I got harangued in another thread for revealing that I bought some key date and semi-key date Peace dollars from a pawn shop dealer and paid only a fraction of their worth. While I was buying these coins, I had only a vague idea of their value, and only discovered their true value <u>after</u> the transaction was already over. Apparently, a member here felt I should go back to the dealer and disclose what I have learned through my research (and labor) on the 'Net.</p><p> </p><p>While I understand the reasoning behind this sentiment, I fail to understand why I have an ethical obligation to undo the transaction with this business that, by definition, functions by paying people a fraction of what their items are worth (I used to work for a gold buyer so I observed this first-hand). Furthermore, do I have an obligation to refuse to engage in business with others who may not have done the labor of finding coin values that I have, and self-penalize myself? Moreover, if this business accepted a fraction of what these coins were worth from me, it is obvious they paid the seller even less, and thus did not even fulfill their professional duty of ensuring the seller got what the coins were worth in an area they should be specialists in -- after all, they openly advertise that they "buy gold" on the street. </p><p> </p><p>Is it my fault that a seller does not do even basic homework? </p><p> </p><p>If I buy a stock and feel it has the potential to rise 1000x, do I have a moral obligation to tell the sellers each and every time, based on the labor I put into researching the stock, that they are wrong?</p><p> </p><p>I am genuinely interested in what others think about this situation. I am not a thief, as this member made me out to be. Frankly, while it was his right to voice his opinion, I consider it a cheap shot to me, since it's easy to sit back behind a computer and judge others. I am sure this member does not have an absolutely clean closet.</p><p> </p><p>Anyway, feedback would be great![/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1826590, member: 41780"]I am interested in some opinions on buyer ethical matters. Recently, I got harangued in another thread for revealing that I bought some key date and semi-key date Peace dollars from a pawn shop dealer and paid only a fraction of their worth. While I was buying these coins, I had only a vague idea of their value, and only discovered their true value [U]after[/U] the transaction was already over. Apparently, a member here felt I should go back to the dealer and disclose what I have learned through my research (and labor) on the 'Net. While I understand the reasoning behind this sentiment, I fail to understand why I have an ethical obligation to undo the transaction with this business that, by definition, functions by paying people a fraction of what their items are worth (I used to work for a gold buyer so I observed this first-hand). Furthermore, do I have an obligation to refuse to engage in business with others who may not have done the labor of finding coin values that I have, and self-penalize myself? Moreover, if this business accepted a fraction of what these coins were worth from me, it is obvious they paid the seller even less, and thus did not even fulfill their professional duty of ensuring the seller got what the coins were worth in an area they should be specialists in -- after all, they openly advertise that they "buy gold" on the street. Is it my fault that a seller does not do even basic homework? If I buy a stock and feel it has the potential to rise 1000x, do I have a moral obligation to tell the sellers each and every time, based on the labor I put into researching the stock, that they are wrong? I am genuinely interested in what others think about this situation. I am not a thief, as this member made me out to be. Frankly, while it was his right to voice his opinion, I consider it a cheap shot to me, since it's easy to sit back behind a computer and judge others. I am sure this member does not have an absolutely clean closet. Anyway, feedback would be great![/QUOTE]
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