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Is it wrong to rip off a coin dealer, when he is not at store.
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<p>[QUOTE="Player11, post: 1155960, member: 26725"]Whoever this dealer was, he was incompetent. A competent dealer would not let someone rip his inventory like that.</p><p> </p><p>As long as the deal was between a willing (adults) buyer and seller, it was not unethical.</p><p> </p><p>In this era of rising prices I am sure people who use price stickers can get careless in updating prices . I only put a cost code and sometimes a retail code on my material. I refer to my computer or excel printout to quote sales prices. Prices for many items are priced at a percentage above spot depending on what it is and updated automatially by the computer and linked to that days spot price which is input one place. If my price for a silver PF set is BV + 35% then its price changes with spot. </p><p> </p><p>I have collectors stopping by my table at shows all the time looking for a rip (these people are basicall lookey looks only out to buy if its a steal) . They are looking for someone who was lazy in updating prices. After I quote them prices, they realize they are barking up the wrong tree and move on. I dont put junk boxes out for them to mishandle or steal from and everything is in a glass case where they have to ask to see it and ask the price.</p><p> </p><p>if set up at a show be careful of someone coming up wanting to take a lot of coins out of your case at once or asking something stupid like "where are you on your gold coins?" You can say "Whatever they add up to." See if he for real and will buy a coin at your price. Then you can keep a tally sheet from there. If they ask to see a greysheet (I keep mine hidden) just say "I dont do wholesale" or simply "its not available." Its their responsibility to do their own price research.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1155960, member: 26725"]Whoever this dealer was, he was incompetent. A competent dealer would not let someone rip his inventory like that. As long as the deal was between a willing (adults) buyer and seller, it was not unethical. In this era of rising prices I am sure people who use price stickers can get careless in updating prices . I only put a cost code and sometimes a retail code on my material. I refer to my computer or excel printout to quote sales prices. Prices for many items are priced at a percentage above spot depending on what it is and updated automatially by the computer and linked to that days spot price which is input one place. If my price for a silver PF set is BV + 35% then its price changes with spot. I have collectors stopping by my table at shows all the time looking for a rip (these people are basicall lookey looks only out to buy if its a steal) . They are looking for someone who was lazy in updating prices. After I quote them prices, they realize they are barking up the wrong tree and move on. I dont put junk boxes out for them to mishandle or steal from and everything is in a glass case where they have to ask to see it and ask the price. if set up at a show be careful of someone coming up wanting to take a lot of coins out of your case at once or asking something stupid like "where are you on your gold coins?" You can say "Whatever they add up to." See if he for real and will buy a coin at your price. Then you can keep a tally sheet from there. If they ask to see a greysheet (I keep mine hidden) just say "I dont do wholesale" or simply "its not available." Its their responsibility to do their own price research.[/QUOTE]
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Is it wrong to rip off a coin dealer, when he is not at store.
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