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What's the ethical thing to do?
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<p>[QUOTE="Prime Mover, post: 1711114, member: 38783"]The point I agree with you is that yes, everyone is looking for a good deal, and yes, we all take pride in making the good deal. The thing I disagree with is when someone uses their position and that inherent trust in that position to deceive someone or withhold important information for their own gain.</p><p><br /></p><p>Why are lawyers supposed to excuse themselves in cases where they have any relationships with any of the parties? Because they have a pony in the race, and have something to gain if the case is won or lost and they have a way to influence the outcome in their favor by leveraging those relationships.</p><p><br /></p><p>This is the same here. The dealer is being trusted for his honest evaluation of the coins, in an ongoing manner by the same buyer. The seller is not simply walking in and plopping down a coin to sell and then walking out after a negotiation. He's asking the dealer for his expert opinion, and then using that same opinion to sell the coins to that dealer. If the dealer is knowingly deceiving the seller by<i><b> withholding information and then profiting excessively from it</b></i>, he's taking advantage of his position and status and using it unethically against the buyer.</p><p><br /></p><p>A coin that is worth $400, the dealer negotiates $250 and it's agreed on - that's a good business transaction.</p><p><br /></p><p>A coin that could be worth $3k, the dealer knows this but doesn't disclose it after being specifically trusted to disclose exactly this type of information, and negotiates $250 - that's unethically taking advantage of someone.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 1711114, member: 38783"]The point I agree with you is that yes, everyone is looking for a good deal, and yes, we all take pride in making the good deal. The thing I disagree with is when someone uses their position and that inherent trust in that position to deceive someone or withhold important information for their own gain. Why are lawyers supposed to excuse themselves in cases where they have any relationships with any of the parties? Because they have a pony in the race, and have something to gain if the case is won or lost and they have a way to influence the outcome in their favor by leveraging those relationships. This is the same here. The dealer is being trusted for his honest evaluation of the coins, in an ongoing manner by the same buyer. The seller is not simply walking in and plopping down a coin to sell and then walking out after a negotiation. He's asking the dealer for his expert opinion, and then using that same opinion to sell the coins to that dealer. If the dealer is knowingly deceiving the seller by[I][B] withholding information and then profiting excessively from it[/B][/I], he's taking advantage of his position and status and using it unethically against the buyer. A coin that is worth $400, the dealer negotiates $250 and it's agreed on - that's a good business transaction. A coin that could be worth $3k, the dealer knows this but doesn't disclose it after being specifically trusted to disclose exactly this type of information, and negotiates $250 - that's unethically taking advantage of someone.[/QUOTE]
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What's the ethical thing to do?
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