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What's the ethical thing to do?
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<p>[QUOTE="Marshall, post: 1711633, member: 21705"]This is the age old question of caveat vendor vs caveat emptor. Is the obligation of wariness and risk primarily on the buyer or seller?</p><p><br /></p><p>Sellers think they should always get maximum prices for their coins, even though they are not educated or placed themselves in a position to receive that maximum price. Why should the buyers education be FREE to the seller?</p><p><br /></p><p>This is a case of being ethically correct to buy as is, but perhaps not wise from a business perspective. </p><p><br /></p><p>You do not KNOW it's a proof, but you are suspicious. Even if it is, extra value requires additional confirmation through re-slabbing or specialized marketing for it to be realized. But if the seller discovers this, he will be convinced you "ripped him off" whether justified or not.</p><p><br /></p><p>Might I suggest you purchase it for a slight premium for it's possibility of proof or upgrade relabeling and tell him why you are giving him the premium and the risk and cost of verifying it as such? This way he's assured you have been upfront with him. And if you are right, then you have a tidy profit and a customer who is sure you have been upfront with him.</p><p><br /></p><p>One caveat, this is based on the assumption he has not hired you to evaluate the collection. If he hires you to evaluate the collection, then your obligation is to tell him what you know. This is rarely the case. Most people simply want to know what you will give them for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 1711633, member: 21705"]This is the age old question of caveat vendor vs caveat emptor. Is the obligation of wariness and risk primarily on the buyer or seller? Sellers think they should always get maximum prices for their coins, even though they are not educated or placed themselves in a position to receive that maximum price. Why should the buyers education be FREE to the seller? This is a case of being ethically correct to buy as is, but perhaps not wise from a business perspective. You do not KNOW it's a proof, but you are suspicious. Even if it is, extra value requires additional confirmation through re-slabbing or specialized marketing for it to be realized. But if the seller discovers this, he will be convinced you "ripped him off" whether justified or not. Might I suggest you purchase it for a slight premium for it's possibility of proof or upgrade relabeling and tell him why you are giving him the premium and the risk and cost of verifying it as such? This way he's assured you have been upfront with him. And if you are right, then you have a tidy profit and a customer who is sure you have been upfront with him. One caveat, this is based on the assumption he has not hired you to evaluate the collection. If he hires you to evaluate the collection, then your obligation is to tell him what you know. This is rarely the case. Most people simply want to know what you will give them for it.[/QUOTE]
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