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<p>[QUOTE="Richard01, post: 107216, member: 2700"]Sure, but none of that excuses knowingly 'ripping' someone for your gain because they are ignorant. Let's use a car repair shop as an example. The certainly have costs, more fixed costs than a coin dealer. And they deal with something most of us don't understand well. So, how do we all feel when we hear the 20/20 newstory about the old lady charged $200 for parts she does not need? Does anyone feel bad about calling that guy a crook? NO WAY! Coin dealers are no different. In business, you have a right to earn a FAIR profit, and an obligation to do fair and reasonable business. Price gouging is considered illegal in many instances, cheating and lying (even by omission) are considered unsavory business practices. Why does the coin dealer get a break? Because he opened shop in a place he pays more in rent than he can afford? Because his volume does not cover his costs? if those were reasons to allow anyone to rip anyone off knowingly, then imagine what the world would be like! In most retail businesses, a 50% margin (100% mark up) is not out of the ballpark (more for real high end products). So, someone offering $20 or so for $200 worth of stuff is not a rational business practice, but someone trying to rip someone off to make up for other bad business. That unsuspecting coin seller has funded other bad deals, a lack of sustainable business, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Richard01, post: 107216, member: 2700"]Sure, but none of that excuses knowingly 'ripping' someone for your gain because they are ignorant. Let's use a car repair shop as an example. The certainly have costs, more fixed costs than a coin dealer. And they deal with something most of us don't understand well. So, how do we all feel when we hear the 20/20 newstory about the old lady charged $200 for parts she does not need? Does anyone feel bad about calling that guy a crook? NO WAY! Coin dealers are no different. In business, you have a right to earn a FAIR profit, and an obligation to do fair and reasonable business. Price gouging is considered illegal in many instances, cheating and lying (even by omission) are considered unsavory business practices. Why does the coin dealer get a break? Because he opened shop in a place he pays more in rent than he can afford? Because his volume does not cover his costs? if those were reasons to allow anyone to rip anyone off knowingly, then imagine what the world would be like! In most retail businesses, a 50% margin (100% mark up) is not out of the ballpark (more for real high end products). So, someone offering $20 or so for $200 worth of stuff is not a rational business practice, but someone trying to rip someone off to make up for other bad business. That unsuspecting coin seller has funded other bad deals, a lack of sustainable business, etc.[/QUOTE]
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