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<p>[QUOTE=&quot;GDJMSP, post: 1976509, member: 112&quot;]No, it&#039;s not a carryover at all. The point is just what I said, there is no such thing as a &quot;reasonable&quot; profit. The reason there is no such thing is because you don&#039;t know what he paid or what the situation was when he bought it. Nor do you know what level of knowledge he may or may not have.</p><p><br /></p><p>For example, if somebody comes to me and offers me a coin for $300 and I buy it. And then I turn around and sell it for $3000, or even $6000 - is that an unreasonable amount of profit ? And if so, why ?</p><p><br /></p><p>The reason I say it is not is that I may know something that few others do. I may see that the coin is a rare example and know full well what it is worth at first sight. So when somebody asks me if I will give them $300 for it, I&#039;m going to say yes and buy it.</p><p><br /></p><p>I am not required by ethics, morality, the law, or anything else to pay you or anyone more than what they are asking for a given coin. All that matters is that I pay what they ask. Their lack of knowledge and my having the knowledge does not make their ignorance my fault. Nor does it make me responsible for their actions. </p><p><br /></p><p>People are responsible for their actions, and nobody else. So if I have spent my entire life studying and learning so that I might be able to know a coin when I see it, how does that make me responsible for paying somebody more than what they are asking for that coin ? And that&#039;s my point, it doesn&#039;t.</p><p><br /></p><p>Suppose the same situation happened and I paid $300 for the coin. Then I turned around and sold it for $350. Am I a bad guy for doing that ? No of course and I can&#039;t think of anybody who think I was. But if the guy I sold it to, then sold it for $6000, I&#039;ll bet people would stand in line to call him a lowlife for not speaking up and paying more.</p><p><br /></p><p>That&#039;s my point, he isn&#039;t. Not in any way shape or form.</p><p><br /></p><p>When a doctor or a lawyer charges $500 and hour, is he a low life or unethical person for doing that ? No. Why not ? Because he spent a lot of years studying and learning how to de what he does and get paid that much.</p><p><br /></p><p>Well, a coin dealer does the exact same thing. So for him to utilize his knowledge and then benefit from it is not wrong or unethical either.</p><p><br /></p><p>Now by the same token if the proverbial little old lady walked into the mans shop and and said, hey, my husband just passed away and left me all these coins. I know nothing about them, can you help me ? Then yes, the dealer would have an ethical and moral obligation to at least be honest with her and pay her a fair price.</p><p><br /></p><p>And again, that&#039;s the point, there is no such thing as a &quot;reasonable profit&quot; because every situation is different.[/QUOTE]</p><p><br /></p>

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