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<p>[QUOTE="medoraman, post: 1517521, member: 26302"]I agree completely. There are two different scenarios that can play out, and different morality.</p><p><br /></p><p>One, you are buying from a dealer. S/he is a professional and expected to have inspected their goods. If you feel the coin is higher graded than the dealer is charging for, or has a variety that makes the coin more valuable to you, feel free to buy. S/he is expected to know what they are selling, and maybe does anyway. Btw, don't feel too bad for the dealer since if s/he is not marketing a coin as a specific variety, most likely they didn't buy it as that variety anyway, so its not like they paid $700 for a coin that may be worth $1000 but you are buying for $100. Most likely they paid $70. One thing about buying from dealers I will do is if the tag is grossly wrong, (maybe clerical error), I will point it out. One dealer at a show once had a coin that was obviously a Gaius labelled a Claudius. It was too glaring to not know it had to have been a clerical error. There was no price listed, so maybe he would have caught it when someone asked a price, but I let him know about it.</p><p><br /></p><p>However, if you are buying from a non-collector privately, there are completely different morals in my eye. If you are the expert and they are not, I feel its your duty to pay a fair price for every variety you are buying off of them. In this situation I do not think its ok to pay $100 for a $1000 variety, since they are not expected to know their coins.</p><p><br /></p><p>Anyway, that is my morality in such situations. I think I am a moral person, and sleep well at night following these rules.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1517521, member: 26302"]I agree completely. There are two different scenarios that can play out, and different morality. One, you are buying from a dealer. S/he is a professional and expected to have inspected their goods. If you feel the coin is higher graded than the dealer is charging for, or has a variety that makes the coin more valuable to you, feel free to buy. S/he is expected to know what they are selling, and maybe does anyway. Btw, don't feel too bad for the dealer since if s/he is not marketing a coin as a specific variety, most likely they didn't buy it as that variety anyway, so its not like they paid $700 for a coin that may be worth $1000 but you are buying for $100. Most likely they paid $70. One thing about buying from dealers I will do is if the tag is grossly wrong, (maybe clerical error), I will point it out. One dealer at a show once had a coin that was obviously a Gaius labelled a Claudius. It was too glaring to not know it had to have been a clerical error. There was no price listed, so maybe he would have caught it when someone asked a price, but I let him know about it. However, if you are buying from a non-collector privately, there are completely different morals in my eye. If you are the expert and they are not, I feel its your duty to pay a fair price for every variety you are buying off of them. In this situation I do not think its ok to pay $100 for a $1000 variety, since they are not expected to know their coins. Anyway, that is my morality in such situations. I think I am a moral person, and sleep well at night following these rules.[/QUOTE]
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