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<p>[QUOTE=&quot;Kasia, post: 1711677, member: 31533&quot;]<b>jallengomez</b> said </p><p><br /></p><p>To a degree you are correct. As long as the dealer didn&#039;t <i>fraudulently deceive</i> the seller, then bad ethics were not in place. The question would then be whether a seller bringing in a slabbed coin for a dealer to purchase, based only on the seller&#039;s knowledge that they have a coin that has been slabbed as such and such and is therefore valuable based on the label, and little coin knowledge otherwise, can expect to benefit monetarily from the dealer&#039;s expertise in the way of &#039;correct&#039; pricing (i.e., a fair purchase price) or whether that seller is simply like any other schmuck who doesn&#039;t have specialized knowledge and will simply have to rely on arbitrarily picking a dealer who is ethical as opposed to someone who is a shark and will take advantage of anyone who lacks the same knowledge he has. And does a dealer have any obligation to share the knowledge that all slabbed coins are not alike, in that some slabbing companies are garbage and highly inaccurate, and that others are considered &#039;top tpgs&#039; and fairly reliable? Or that some slabs were done when companies went through changes and some slabs are actually valued by dealers because it is likely that the tpg misgraded the coin and the coin could actually be a higher grade if re-graded at a top tpg today? Or even a basic concept for numismatists (or at least one that should be) in that you do not purchase the slab but you purchase the coin? </p><p><br /></p><p>I&#039;m sure there are other considerations, but lets just limit it to these, above, for the scenario as to whether the dealer operated with ethics or not.</p><p><br /></p><p>So.... is a dealer that buys from sellers who have a decent slab (top tpg) to sell going to educate the buyer that he will be buying not based on the slab but on his own appraisal of what the coin is worth? (i.e., looking at the coin and determining that the coin is fairly graded as slabbed). Or is he not going to educate the seller that you buy the coin and not the slab? What if the seller had a MS67 Red slabbed 1916 cent by SMS or stars or MMM or even a <i>&#039;Wazoo Coin Slabbing Company&#039; </i>(made up company not known to the dealer at all)&nbsp; instead of ANACS or PCNG or NGC? Would the dealer then tell the seller he couldn&#039;t purchase the coin because the slabbing company was unreliable and after looking at the coin, see it probably wouldn&#039;t hold it&#039;s grade if regraded by a reputable company? </p><p><br /></p><p>So.... the thing we don&#039;t know is who is the seller... Is the seller someone who has no knowledge of coins and simply is bringing in coins he happens to have to get whatever money is offered? And does the seller even have any trust in the dealer? There are so many variables. But I think the main point to ask is is it unethical to buy a coin like this from someone presumed to be lacking in numismatic knowledge.... a 1916 graded high MS state that could be a MPL and not inform the buyer that the dealer will be looking to authenticate it as a MPL and really gain from the purchase?</p><p><br /></p><p>I think it would be ethical if the dealer had no fraudulent intent and did not deliberately deceive the seller, either by saying something to confirm the grade (like &quot;I&#039;m giving you a higher price than I might have, because this is a really great example of a MS67 Red Cent, and I think I have someone who may be in the market for it&quot;) or dismiss the grade by stating or omission (like &quot;yeah, I&#039;ll take that. But it may sit here awhile until I get a buyer because it looks like it might be a grade lower to me.&quot; Or &quot;Ok, yeah, here&#039;s XXX$ - take it or leave it&quot;, while silently hoping the seller takes it because he wants to investigate it further for the MPL possibility --- where he could make a much higher profit from it.)</p><p><br /></p><p>And no, I don&#039;t think the seller would have the beef with ANACS. This is a discussion about ethics of a dealer buying a slabbed coin that he may have cherry-picked from a seller. And the seller may or may not be knowledgeable about numismatics.[/QUOTE]</p><p><br /></p>

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