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What's the ethical thing to do?
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<p>[QUOTE="mikenoodle, post: 1710793, member: 307"]I had a situation arise that gave me pause and I won't say who it is, but I wanted to ask what the ethical proper conduct is in a certain situation:</p><p><br /></p><p>Seller takes a coin to a dealer to sell. He has been selling some stuff through this dealer, and the dealer expects to see more of his collection as time goes on.</p><p><br /></p><p>The coin is a 1916 Lincoln Cent slabbed OLD ANACS MS-66 RD for which the dealer paid a market price.</p><p><br /></p><p>upon further examination, it looks as if the coin may be a Matte Proof which instead of $300-400, may be worth upwards of $6,000.</p><p><br /></p><p>It has been suggested to me that since the coin was certified, that any "mislabelling" is unfortunate and since it was purchased as a certified coin, that if it is indeed a MPL, that the dealer is entitled to keep it and any difference in value.</p><p><br /></p><p>I'm pretty worked up about this...</p><p><br /></p><p>what do you say?[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 1710793, member: 307"]I had a situation arise that gave me pause and I won't say who it is, but I wanted to ask what the ethical proper conduct is in a certain situation: Seller takes a coin to a dealer to sell. He has been selling some stuff through this dealer, and the dealer expects to see more of his collection as time goes on. The coin is a 1916 Lincoln Cent slabbed OLD ANACS MS-66 RD for which the dealer paid a market price. upon further examination, it looks as if the coin may be a Matte Proof which instead of $300-400, may be worth upwards of $6,000. It has been suggested to me that since the coin was certified, that any "mislabelling" is unfortunate and since it was purchased as a certified coin, that if it is indeed a MPL, that the dealer is entitled to keep it and any difference in value. I'm pretty worked up about this... what do you say?[/QUOTE]
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