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<p>[QUOTE=&quot;medoraman, post: 1711093, member: 26302&quot;]Man, sounds like one of those concocted ethical questions for the MBA program. </p><p><br /></p><p>Tough one. First, lets start off with the premise the dealer is the expert here. He is also a businessman. We also have as major considerations a TPG slab and the fact the dealer would like to keep the relationship because of further purchases that can be acquired.</p><p><br /></p><p>I differentiate this scenario from previously conjectured grading difference scenarios. Yes, if a dealer decides to resubmit a coin in hopes of getting a 67 instead of a 66, I do not consider that to be anything he needs to tell the seller. A grade by a TPG is just an opinion of condition. This is different. Recognizing a coin as a matte proof is something an expert is supposed to be able to do. The dealer is the expert here, not the seller, not the TPG. If he recognizes a coin as something DIFFERENT, (a matte proof is fundamentally a different coin than a business strike, its not a matter of opinion like a grade is), I believe he has an obligation to pay the seller for the coin properly.</p><p><br /></p><p>That small point, that this coin if its a matter proof is fundamentally a different good, is what changes this scenario for me. Because of that, if the dealer indeed did recognize this coin as a matte proof, he has an obligation to share a sizable portion of the proceeds with the seller. This is the ethical thing to do, and pragmatically as a buyer the dealer should do it as well to continue to be able to buy coins from the same seller. Many times in business what is ethical short term will cost you, but I find long term you usually profit from it as well.</p><p><br /></p><p>Just my opinion. I know many will disagree, and believe the TPG slab changes this, but I simply believe morally if the dealer recognizes a incorrect TYPE of coin inside the slab, he cannot morally use the slab as an excuse.</p><p><br /></p><p>Edit: Another scenario. What if the buyer had noticed that a nickel, instead of being a MS66 1912 was a 1912 S? What if the TPG mislabelled it? Would everyone still say that any profit in reslabbing is dealer profit only? This scenario to me is much more akin to the OP&#039;s scenario than simply a TPG grading difference. To me its more of a slab error or omission, which if the dealer notices, (and he should), he should be willing to pay what the COIN is worth, not what the SLAB is worth.[/QUOTE]</p><p><br /></p>

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