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<p>[QUOTE="10gary22, post: 1329031, member: 23626"]While, I agree with you that using professional knowledge to put one over on the uninitiated isn't right. EVERY business transaction seems to be done in that manner. Buy a car, a house, appliance, coin, whatever. Best to assume the seller knows more about the item than you do and proceed with utmost caution. Recently a fellow thought he got one over on a gun deal when he gave $800 for a 44 colt, only to learn the gun was made up of pieces of several different guns and nothing matched. </p><p><br /></p><p>So, if you are going to offer a coin, you need to know more about it than a potential buyer. Even if you are honest to a fault, l;ack of knowledge can leave you coming up short. Too bad there are those in this hobby/profession that do take advantage. As a recent attributor who purchased an "error variety cent" he authenticated for his own collection. Only to offer it for 15 times that on his website. </p><p><br /></p><p>I believe that those who go beyond the hobby standpoint and treat their coins as some sort of speculative investment, take the greatest risk. Not only are they risking what the coin costs, but the profit potential. IMHO</p><p><br /></p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1329031, member: 23626"]While, I agree with you that using professional knowledge to put one over on the uninitiated isn't right. EVERY business transaction seems to be done in that manner. Buy a car, a house, appliance, coin, whatever. Best to assume the seller knows more about the item than you do and proceed with utmost caution. Recently a fellow thought he got one over on a gun deal when he gave $800 for a 44 colt, only to learn the gun was made up of pieces of several different guns and nothing matched. So, if you are going to offer a coin, you need to know more about it than a potential buyer. Even if you are honest to a fault, l;ack of knowledge can leave you coming up short. Too bad there are those in this hobby/profession that do take advantage. As a recent attributor who purchased an "error variety cent" he authenticated for his own collection. Only to offer it for 15 times that on his website. I believe that those who go beyond the hobby standpoint and treat their coins as some sort of speculative investment, take the greatest risk. Not only are they risking what the coin costs, but the profit potential. IMHO gary[/QUOTE]
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