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 Replies: 37 / Views: 4,274 |
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Bedrock of the Community
13014 Posts |
Dave did nothing wrong.
People that expressed outrage at what he did are people that just like to complain and get on their fake moral high horse. Its real easy to sit there and put on those fake shows of superiority when they have nothing to lose and its not their money they have to give back.
Furthermore we dont even know what kind of dealer this guy is from the story. The only thing I could see would be giving him some of the money if he was a super honest guy ect, but only if Dave wanted to and absolutely would be under no obligation.
Bottom line is once its sold its Daves. Very few dealers would give it back to the customer if the situation was reversed and Dave didnt do anything unethical.
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Valued Member
United States
64 Posts |
Fat Freddy, I see my "virtue" comment above being quoted and misunderstood so let me explain. Virtue as it relates to the philosophy of ethics is when one lives according to one's own conscience. Since he felt guilty enough to not tell the dealer, the ethical "problem" entirely involves the virtue of the buyer. He probably didn't know how to be honest without potentially getting robbed. The dealer was never faced with an ethical dilemma in this scenario.
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Bedrock of the Community
13014 Posts |
Quote:
Since he felt guilty enough to not tell the dealer, the ethical "problem" entirely involves the virtue of the buyer. Not telling the dealer isn't guilt its not wanting to create a headache where he could potentially demand something back he sold or call the cops for him stealing something he bought already. Dave wasnt presented with an ethical problem either, he bought something and it turned out to be better than he thought. Unless he did some sort of bait and switch or stole the coin he did nothing wrong or unethical |
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Bedrock of the Community
United States
20753 Posts |
Not even sure why anyone would question this situation at all. It is a common, everyday thing in buisnesses everywhere. People buy things at Walmart every day and some find they over paid, some find just the opposite. In stores all the time they ACCIDENTLY for get to change the computers for an item and if you are not carefull, you get overpaid. At all auto dealer ships, they will sell you anything for any price they think you can pay. No questions or simpathy if you get taken. Ever watch the Antique Road Show on TV. How many people brag about geting a thing for a few dollars and it is worth thousands? Not one ever says they are going back to where they got it and tell the people what it's worth. It's just buisness. What happened in this coin situation is just buisness. Good for some, bad for others. Just buisness. |
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Rest in Peace
United States
7075 Posts |
 I cannot imagine why the buyer brought the coin back to the original dealer, unless they were 'friends'. I suppose that is where things get murky. |
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Pillar of the Community
United States
3453 Posts |
IMHO gr58 makes an exellect point. If the dealer was selling as common, it was probably a bulk deal in which the dealer did not check the coins. This is no different than the 1912 S Liberty nickel I bought in a lot from an auction house. It took me nearly a year to check them but I eventually did. The real person who lost was the person who consigned the lot, not the auction house that entusted to sell the lot. |
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Pillar of the Community
United States
561 Posts |
I agree that Dave, the buyer, owes nothing to the dealer that sold him the coin. However, I can't imagine why he would return to that same dealer when he knew what he had. If they were really "friends", which I doubt, I think things would have been handled differently. I know that I buy coins from friends from time to time and if something like this ever came up with a true friend I would go back to them and at least offer to split the profit with them if/when I sold. True friends are worth far more than any amount of $$$.
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Moderator
 United States
189053 Posts |
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Pillar of the Community
United States
7123 Posts |
I have to side with Dave he did nothing wrong, even going back to where he bought the coin is not a problem. I have in the past bought coins on ebay,from coin shops,coin dealers and private people that I have profitted on, I have no guilt no remorse and no regrets for any of them. I guarantee you that when dealers buy they do not buy at full value they buy in order to make a profit and that profit margin is determined by many different things, silver value,numismatic value and all of that is calculated based on that days market. there is nothing dishonest,wrong or immoral about making a profit even if that profit is 500% over purchase price. |
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Pillar of the Community
United States
3453 Posts |
Interesting read, there jbuck. No matter what the guy said, I find it hard to believe that the dealer he made the purchase from (as well as the near nose-rubbing) was a friend. My situation was a faceless auction. However I would like to think if I did acquire a coin from a dealer or CCF friend and discovered that it was worth something, I would not keep my mouth shut but come up with a situation that would satisfy us both. Any CCF'ers want to take me up on that?  Edited by CoinsKelly
04/22/2013 4:03 pm
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Pillar of the Community
United States
2543 Posts |
When I moved last, it was on short notice and needed to gather some traveling money. I took a portion of my collection down to my main coin shop. I considered some of the people there more than just aquaintances . They looked at the coins I brought in, the majority of which , I had bought from them. A few I had bought the week before. As LCS' are want to do, they offered me pennies on the dollar. $800 for a $2000 lot. Needless to say I passed. They said they felt bad, especially for offering me $40 for the coin I had bought from them for $100 only days before.
Now I know how shops work, buy low sell high that is how they stay in business. The point is, I would not feel bad for a second, if the shoe was on the other foot and I made money off of something they had ignorantly sold me for less than full value.
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Bedrock of the Community
United States
10038 Posts |
I grew up in the last era of when self responsibility was important. And it was an infinitely better time.
If I were the dealer who Dave bought this from, and since I was happy with the price when I sold it, the item is now Dave's to do with as he wants/can. If Dave can make a profit off of something I sold him then all the more power to him. I had my chance with it. I made my decisions that led to missing an opportunity.
The larger the missed opportunity is, then the harder the situation is to accept. But I would have no right to whine since I had my chance and was happy when the initial sale was made. The school of hard knocks is a harsh and a great teacher.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
 United States
165 Posts |
Here's where it gets even worse. Its my understanding that in more than a few states dealers have sued in very similar circumstances and WON. They were compensated for their "loss"! Most cases involved an employee selling the owners product but even so.........thats CRAZY.
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Valued Member
United States
83 Posts |
Well the dealer sold it for what he was happy with. This might indicate he is just it in for selling and making a little profit and does not want to spend time "enjoying the thrill of the looking"
Chalk it up as one of those things about coin collecting that makes it interesting and exciting.
Those that observe often find!
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Pillar of the Community
United States
2208 Posts |
Legally, Dave did nothing wrong. Ethically, he did.
That said, things get quite subjective. If he knew the dealer and was friends with him, I think he should have let the dealer know about the mistake. But if the dealer wasn't a very nice guy, then I think he would have justification to keep the coin.
Edited by jpsned
04/22/2013 5:54 pm
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Replies: 37 / Views: 4,274 |
First Page
Posted 04/21/2013 3:32 pm
