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<p>[QUOTE=&quot;Hobo, post: 402892, member: 11521&quot;]It really depends. It depends on the knowledge level of each party to a transaction.</p><p>&nbsp;</p><p>1- A widow brings a box of coins to a coin dealer and asks how much they are worth. The dealer spots an &#039;09-S VDB and a &#039;16-D Mercury among the other common coins. It is obvious that the widow does not know she has some valuable coins. He offers her melt value for the lot.</p><p>&nbsp;</p><p>2- A dealer looks over another dealer&#039;s coins at a show. He spots a super rare VAM that is offered as a common coin. He buys the valuable coin for a small fraction of its worth.</p><p>&nbsp;</p><p>In each example a dealer buys coins for a fraction of their true value. But in the first example the dealer has knowledge the seller does not have. The seller expects the dealer to be honest and offer a fair price for her coins. In my opinion it is unethical for this dealer to take advantage of the sellers lack of knowledge and expertise.</p><p>&nbsp;</p><p>In the second example the seller was a dealer and should be expected to know what he is selling. In my opinion it is not unethical for another dealer to cherrypick this dealer.[/QUOTE]</p><p><br /></p>

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