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<p>[QUOTE=&quot;aubade21, post: 1976564, member: 44104&quot;]First off, to the OP&#039;s original statement, I&#039;d say it has a lot to do with your relationship with the dealer. Maybe the dealer has a 10k price on the coin as retail, and would sell the coin to a fellow dealer for 5k. If you can develop a relationship with that dealer, perhaps they would even share with you what they paid, and your offer 6k would get a much more favorable response. By putting 10k on the coin, there is a chance that the dealer will attract somebody that can&#039;t live without that coin and is happy to pay the 10k. Goodness knows that I&#039;ve paid a premium on a coin that I really like.&nbsp;&nbsp; </p><p><br /></p><p>Insofar as ethics go, I&#039;d probably side with GDJMSP. If somebody makes an amazing profit on a coin they bought for cheap because they noticed something that others did not, more power to them. It happens all the time with variety collectors.</p><p><br /></p><p>Personally, I&#039;ve spent a lot of time studying coins over the past few years so that, when the time comes, I can ID a rare variety in the series I collect. It&#039;s what makes this hobby exciting. Now, I&#039;m not nearly as good as some, but the time and knowledge I&#039;ve devoted to study is valuable and because of that, I will not feel guilty when I pay the sticker price for a coin that I know is a rare variety. If the seller didn&#039;t put in the hours of study that I did, that is their problem.</p><p><br /></p><p>I don&#039;t mean to sound callous. I&#039;ve never had little old ladies attempt to sell me their dead husbands collections, or anything of the sort. I just appreciate the value of an education, whether it be on the topic of coins or anything else of value.</p><p><br /></p><p>*edit* I&#039;d never fleece somebody on a deal (like little &#039;ol grandma). I&#039;d break out greysheet and give them a basic understanding of what they have. Personally, I think that is the right thing to do and would do it EVERY time. My post was mainly geared toward ebay, coin shows, dealer websites, etc.[/QUOTE]</p><p><br /></p>

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