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Suspected coin dealer employee seeking arbitrage - lowest of the low
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<p>[QUOTE="clembo, post: 869051, member: 8033"]I buy coins at work on occasion and don't pay as much as I used to. It's a benefit of working in a coin shop.</p><p>I really don't sell all that often anymore but I do have an occasional want list I'll try to fill. When I do I talk to the boss about it. Nothing hidden. He makes a few bucks and I make a few bucks.</p><p><br /></p><p>He also does this for some of our customers. One in particular has an ebay store and sells a lot of lower end stuff. He makes a few bucks but I know I don't want to mess with it. He's NOT guaranteed profit and he sinks a lot of his time into it.</p><p><br /></p><p>In the case you have pointed out it seems to me no different than dealers selling to dealers. This happens everyday on a large scale.</p><p>We buy a lot of coins where I work and a lot of them we don't really have buyers for. They either end up on ebay or we ship them to a dealer that has buyers. It's called turning your inventory.</p><p>It's a business and idle inventory does us no good at all.</p><p><br /></p><p>If this is unethical then I suppose the whole coin dealing industry should be shut down. Now THAT would be a huge blow to collectors and ebay alike.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 869051, member: 8033"]I buy coins at work on occasion and don't pay as much as I used to. It's a benefit of working in a coin shop. I really don't sell all that often anymore but I do have an occasional want list I'll try to fill. When I do I talk to the boss about it. Nothing hidden. He makes a few bucks and I make a few bucks. He also does this for some of our customers. One in particular has an ebay store and sells a lot of lower end stuff. He makes a few bucks but I know I don't want to mess with it. He's NOT guaranteed profit and he sinks a lot of his time into it. In the case you have pointed out it seems to me no different than dealers selling to dealers. This happens everyday on a large scale. We buy a lot of coins where I work and a lot of them we don't really have buyers for. They either end up on ebay or we ship them to a dealer that has buyers. It's called turning your inventory. It's a business and idle inventory does us no good at all. If this is unethical then I suppose the whole coin dealing industry should be shut down. Now THAT would be a huge blow to collectors and ebay alike.[/QUOTE]
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