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<p>[QUOTE=&quot;medoraman, post: 1711315, member: 26302&quot;]No its not. Its pretty well accepted that a dealer has a higher level of knowledge presumed. If you buy something from a dealer, he should have no defense since he is supposed to be professional and knowledgable. A seller may or not be knowledgable. It is not legally presumed that they &quot;should have known better&quot;, but that IS presumed of a dealer.</p><p><br /></p><p>I have bought items from a dealer that he might have missed, doubled dies etc, and not felt 1% guilt about it. He should check his goods, and if he refuses to, then he accepts the risk. However, some little old lady going to a coin dealer should NOT get ripped off just because she does not know about coins. A &quot;fair&quot; profit margin is what he is entitled to. This is a loose definition, but paying $300 for a $700 coin is fine, paying $300 for a $6000 coin is not &quot;fine&quot; in almost anyone&#039;s book.[/QUOTE]</p><p><br /></p>

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