Message:

<p>[QUOTE=&quot;beef1020, post: 2793970, member: 24544&quot;]I&#039;ll be the party pooper here and call it out for what it is.&nbsp; Legal or not, it&#039;s unethical to collude with other bidders on coins.&nbsp; Tiff, your first scenario is completely unethical, it&#039;s a secret agreement between two parties to defraud the seller.&nbsp; This is an easy one, and I&#039;m honestly surprised to see so many people looking the other way on this.&nbsp; I have two standard, basic, ethical tests to determine if something is right or wrong, the golden rule and the Kantian imperative.&nbsp;&nbsp; The situation here fails both, easily, and in the most obvious ways. </p><p><br /></p><p>How would you feel if a coin you were selling had&#039;s it&#039;s price depressed because bidders agreed to not compete?&nbsp; Suppose you lost 50% of the value of your entire collection when you sold it?</p><p><br /></p><p>What would happen in a world in which everyone colluded in auctions to lower prices.&nbsp; They would fail to be a true price discovery mechanism, thus rendering them a useless way to sell products.&nbsp; In other words, if everyone engaged in that activity it would literally be the end of auctions.[/QUOTE]</p><p><br /></p>

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