Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Margins on High End Coins ?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1976527, member: 26302"]I find myself torn here. I agree with both the OP and Doug on different aspect of this discussion. </p><p><br /></p><p>Op, I agree a $2000 offer on a "normal" $5000 coin is unreasonable and I would never accept it. </p><p><br /></p><p>Doug, I completely agree there should be no limit to maximum profit. However, I do think a dealer has a duty to not screw over the general public. You were talking specific circumstances of specialty knowledge. However, what about general knowledge? A guy walks up to a dealer at a show with some certified coins. One is worth $5000 greysheet bid, nothing special or unusual, lats say a nice XF small eagle dollar. What is the llimit of what a "reasonable" offer would be? The dealer does not know if this guy is knowledgable or inherited the coin. Are you still ok if he offers the guy $50? $500? $2000? Are all of these offers ethical? I am not saying I know the answer, but theoretically I do believe there is a line between "normal dealer profit" and stealing from people. </p><p><br /></p><p>On the sell side? I don't disagree. If someone is lazy and refuses to find out an ASE is worth melt plus a few dollars and buys them from the tv for $50, then its their fault. In those situations, I do not begrudge a dealer's profit at all.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1976527, member: 26302"]I find myself torn here. I agree with both the OP and Doug on different aspect of this discussion. Op, I agree a $2000 offer on a "normal" $5000 coin is unreasonable and I would never accept it. Doug, I completely agree there should be no limit to maximum profit. However, I do think a dealer has a duty to not screw over the general public. You were talking specific circumstances of specialty knowledge. However, what about general knowledge? A guy walks up to a dealer at a show with some certified coins. One is worth $5000 greysheet bid, nothing special or unusual, lats say a nice XF small eagle dollar. What is the llimit of what a "reasonable" offer would be? The dealer does not know if this guy is knowledgable or inherited the coin. Are you still ok if he offers the guy $50? $500? $2000? Are all of these offers ethical? I am not saying I know the answer, but theoretically I do believe there is a line between "normal dealer profit" and stealing from people. On the sell side? I don't disagree. If someone is lazy and refuses to find out an ASE is worth melt plus a few dollars and buys them from the tv for $50, then its their fault. In those situations, I do not begrudge a dealer's profit at all.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Margins on High End Coins ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...