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="Argenteus Fossil, post: 1976576, member: 71478"]I whole-heartedly agree with your entire post. As I stated above, I paid for a college education and earn a higher wage with it. If I spend my money on books and time and read like I do, then I am entitled (ethically-free) of making a profit identifying a rare variety or what have you and acquiring it fairly (not lying or deceiving the seller but recognizing a great buy when the opportunity is presented). </p><p><br /></p><p>I've bought collections before from people who inherited a collection. With each one of them I explained the "value" of what the coins are worth retail and then offered a price back from that as my profit. Some accepted my offer, but sometimes they walked. Sometimes people are just trying to learn coins themselves. I explain that some dates are worth more and point out the rare dates for them (I do not really get into variety types with them on whole collections). This I feel is the right thing to do. They asked for me to appraise their coins; so I do this as fairly as possible.</p><p> </p><p>I have also purchased a rarer date coin of a series without pointing it out if the seller just offered it for sale at a normal date price. In that situation I feel no obligation to tell him that he/she should ask for more money. If I am at a show and see a reeded-edge 1836 bust half for $50 in a tray, I purchase it and walk away. In these cases education pays. </p><p><br /></p><p>I believe the difference in the above scenarios answers the ethics part of the thread that was brought up.[/QUOTE]</p><p><br /></p>
[QUOTE="Argenteus Fossil, post: 1976576, member: 71478"]I whole-heartedly agree with your entire post. As I stated above, I paid for a college education and earn a higher wage with it. If I spend my money on books and time and read like I do, then I am entitled (ethically-free) of making a profit identifying a rare variety or what have you and acquiring it fairly (not lying or deceiving the seller but recognizing a great buy when the opportunity is presented). I've bought collections before from people who inherited a collection. With each one of them I explained the "value" of what the coins are worth retail and then offered a price back from that as my profit. Some accepted my offer, but sometimes they walked. Sometimes people are just trying to learn coins themselves. I explain that some dates are worth more and point out the rare dates for them (I do not really get into variety types with them on whole collections). This I feel is the right thing to do. They asked for me to appraise their coins; so I do this as fairly as possible. I have also purchased a rarer date coin of a series without pointing it out if the seller just offered it for sale at a normal date price. In that situation I feel no obligation to tell him that he/she should ask for more money. If I am at a show and see a reeded-edge 1836 bust half for $50 in a tray, I purchase it and walk away. In these cases education pays. I believe the difference in the above scenarios answers the ethics part of the thread that was brought up.[/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...