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<p>[QUOTE=&quot;josh&#039;s coins, post: 1977465, member: 51487&quot;]This thread has been quite the show. Usually doug goes unopposed as his knowledge of numismatics supersedes the rest of us. I wonder how the rest of this will play out.</p><p><br /></p><p>Here is my 2 cents on the issue at hand: A dealer is deemed a crook or a reputable source based upon feedback from their customers. For instance if a customer buys a circulated 1921 Morgan dollar from a dealer for $40 and later finds out it is worth right about $22 first off it is the customers fault for making this mistake as he/she had lacked the numismatic knowledge. Had he/she had the knowledge he/she wouldn&#039;t have bought from the seller. But since he/she did buy the coin he/she has every right to inform other collectors about his/her particular situation and can advise to proceed with caution. A dealer that has many of the same tales floating around about him collectively make him known as an unscrupulous dealer. So while one may judge a dealer&#039;s reputation based upon the collection of tales being told about him you nor anyone else that the dealer sold coins to knows what the dealer paid for those coins the reason being is that it is a conflict of interest. You also have to note that it there is a good chance that no such profit margin exists as the dealer might be losing money on the coin and the dealer has no obligation to inform you if that is the case. That is a decision made by the dealer. </p><p>The bottom line is that if you conduct business with a dealer and purchase a coin for a fair current market price that is all that matters. The dealer might have made $5 or $50 you will not know as the dealer wouldn&#039;t tell you as it is a conflict of interest. That&#039;s just how it is.[/QUOTE]</p><p><br /></p>

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