Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What's the ethical thing to do?
>
Reply to Thread
Message:
<p>[QUOTE="Cazkaboom, post: 1710916, member: 33215"]The deal is struck. The seller sold the coin to the dealer and afterwards, the dealer finds it is a matte proof in a MS holder. I say the dealer is entitled to the catch. If it does turn out for them, great. </p><p><br /></p><p>Think of it this way: Just a while ago, one of the CT Members bought a small lot of Mercury dimes for about $10, when he got the coins in the mail, the member found a 1942-D 42/1. He then sent it to a TPG where it got MS65+ as a grade. That is a very, very high dollar coin he just picked. Now if the seller were to consign it to Heritage Auctions and it sells for near $30,000 or more, is the member obligated to split the profit with the person who sold him the coin? Nope. The seller did not take the time to inspect the coin and didn't win big because they didn't look further into the coin. The buyer won because he took the time to research and look closer at the coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Cazkaboom, post: 1710916, member: 33215"]The deal is struck. The seller sold the coin to the dealer and afterwards, the dealer finds it is a matte proof in a MS holder. I say the dealer is entitled to the catch. If it does turn out for them, great. Think of it this way: Just a while ago, one of the CT Members bought a small lot of Mercury dimes for about $10, when he got the coins in the mail, the member found a 1942-D 42/1. He then sent it to a TPG where it got MS65+ as a grade. That is a very, very high dollar coin he just picked. Now if the seller were to consign it to Heritage Auctions and it sells for near $30,000 or more, is the member obligated to split the profit with the person who sold him the coin? Nope. The seller did not take the time to inspect the coin and didn't win big because they didn't look further into the coin. The buyer won because he took the time to research and look closer at the coin.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What's the ethical thing to do?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...