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<p>[QUOTE="chip, post: 903539, member: 19122"]I agree that anytime someone comes up with something to stop fraud and deception it is a good thing. I am more inclined to desire to purchase some coin from a dealer or collector who leaves the salesmanship at home. A couple of dealers who are also members of coin talk regularly will detail any perceived problems with coins that they are selling, other dealers I have seen, instead replace good pictures and accurate descriptions with hyperbole and hucksterisms. </p><p><br /></p><p>I recognize some of the names on the defendants list, and here is another aspect of the case, some of those names had in my opinion reputations as being rock star type dealers, some of those in the stratosphere, maybe it is my newness showing.</p><p><br /></p><p>It brings up the point how hard it is to gain a good reputation, you cannot demand it as if it were some court of law and everybody is entitled to be considered ethical, fair and empathetic unless proven otherwise. It is sort of like the reputation used car sellers have, or politicians, slimy denizens who will kiss a baby for the cameras and then throw grandma under the bus if they see something in it for them. But that perception of ethical dealing and accuracy is easier lost than gained, those dealers who are named have lost more than some scam if it is indeed a scam, courts will judge, but despite any courts judgement those dealers will be scrutinized more closely than they would have if they had never been named.</p><p><br /></p><p>I would guess that there are quite a few collectors/investors who are looking into that coin or slab that they received from one of the dealers named. In addition there are many other dealers who now have to also consider certain things in dealing with them. How could a dealer who has lost that reputation ever hope to regain it? </p><p><br /></p><p>Shakespeare wrote in Othello, he who steals my purse steals trash, but he who steals my reputation steals all that I have.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 903539, member: 19122"]I agree that anytime someone comes up with something to stop fraud and deception it is a good thing. I am more inclined to desire to purchase some coin from a dealer or collector who leaves the salesmanship at home. A couple of dealers who are also members of coin talk regularly will detail any perceived problems with coins that they are selling, other dealers I have seen, instead replace good pictures and accurate descriptions with hyperbole and hucksterisms. I recognize some of the names on the defendants list, and here is another aspect of the case, some of those names had in my opinion reputations as being rock star type dealers, some of those in the stratosphere, maybe it is my newness showing. It brings up the point how hard it is to gain a good reputation, you cannot demand it as if it were some court of law and everybody is entitled to be considered ethical, fair and empathetic unless proven otherwise. It is sort of like the reputation used car sellers have, or politicians, slimy denizens who will kiss a baby for the cameras and then throw grandma under the bus if they see something in it for them. But that perception of ethical dealing and accuracy is easier lost than gained, those dealers who are named have lost more than some scam if it is indeed a scam, courts will judge, but despite any courts judgement those dealers will be scrutinized more closely than they would have if they had never been named. I would guess that there are quite a few collectors/investors who are looking into that coin or slab that they received from one of the dealers named. In addition there are many other dealers who now have to also consider certain things in dealing with them. How could a dealer who has lost that reputation ever hope to regain it? Shakespeare wrote in Othello, he who steals my purse steals trash, but he who steals my reputation steals all that I have.[/QUOTE]
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