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<p>[QUOTE="TIF, post: 1777625, member: 56859"]I'll take a stab at answering.</p><p> </p><p>In a nutshell, collectible coins are not necessary for life. They are not food, shelter, clothing, health, etc. A fair price is whatever someone is willing to pay for it. How much profit is 'fair' for the seller? 'Fair' has no relevance to that question. The coin is worth whatever someone will pay for it.</p><p> </p><p>Cherrypicking-- no problem. I don't see how that is an ethical issue; it is the behavior of an educated buyer.</p><p> </p><p>Unethical: misrepresenting what you are selling, by description, photo, or whatever. Tacking on fees that are not explicitly stated prior to the transaction would also be unethical.</p><p> </p><p>Gradeflation: as the saying goes, 'buy the coin, not the holder'. </p><p> </p><p>Advertising coins as investments: whatever... it's the buyer's responsibility to understand the value of what is being purchased, and to understand that markets and values are unpredictable.[/QUOTE]</p><p><br /></p>
[QUOTE="TIF, post: 1777625, member: 56859"]I'll take a stab at answering. In a nutshell, collectible coins are not necessary for life. They are not food, shelter, clothing, health, etc. A fair price is whatever someone is willing to pay for it. How much profit is 'fair' for the seller? 'Fair' has no relevance to that question. The coin is worth whatever someone will pay for it. Cherrypicking-- no problem. I don't see how that is an ethical issue; it is the behavior of an educated buyer. Unethical: misrepresenting what you are selling, by description, photo, or whatever. Tacking on fees that are not explicitly stated prior to the transaction would also be unethical. Gradeflation: as the saying goes, 'buy the coin, not the holder'. Advertising coins as investments: whatever... it's the buyer's responsibility to understand the value of what is being purchased, and to understand that markets and values are unpredictable.[/QUOTE]
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