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 Replies: 43 / Views: 6,029 |
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Pillar of the Community
Canada
2984 Posts |
This reminds me of cases where someone finds something valuable in a garage sale or flea market but only pay a few dollars for. Like people buying a ugly painting only turns out to worth thousands of dollars. Or buying a book that turns out to be very rare. In these cases, I don't recall the buyers returning to the seller and telling them they just sold something valuable for very little.
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Pillar of the Community
Canada
2301 Posts |
buy the coin at asking price and smile.
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Pillar of the Community
Canada
2495 Posts |
OkieC......not to get this post OT.....
Yea, I not only miss the great assortment of Bob Armstrong's coins but I miss the man himself (and his lovely wife Joyce).
It was a true pleasure and an honour doing business with them.
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Valued Member
 Canada
148 Posts |
Well thanks for the feedback I like most of what I hear. I think if I was going to flip it I'd go back and share the proceeds, good karma in my opinion, problem is I mostly like to hoard my coins. It is a bit of predicament. On the other hand I bought a 1954 modified series two dollar note last week serial# S/R Cat #BC-38dT , now an 86 year old woman would of taken 5 bucks for it but I couldn't do it I gave her much more, she was so grateful for my honesty. And that felt right.
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Pillar of the Community
 United States
2843 Posts |
I love this topic.
I agree with much of what was said above.
I think the answer is that it depends what, who, and how.
I recently was in a LCS that I frequent and saw an 1865 quarter listed at $12. I said i'll give you ten and he said i'll sell for $9. (Don't ask- he's a funny guy). I said "you know I am going to sell this for $45" he said "good for you if you do".
I sold it for $49.99 plus shipping. When I went back and told him he was happy for me.
I would have no problem buying s/t from a pawn shop which paid melt for a coin, and failed to recognize it's value. (True story see my other post about it.)
What I am trying to say is that every situation is different.
I am happy for you that you found a steal, and even happier that you have chosen to be out of your way honest about it.
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Pillar of the Community
Canada
1463 Posts |
Going back and giving the individual money back is moral balancing. The gesture is only genuine in nature if you didn't know what it was in the first place and realized it after the fact.
However, It is selfish in nature if you are buying it for a low price knowing it's worth a great deal, only to turn around and go back to give some money back and getting a pat on the back for being a good person while doing so. In doing this, you will obviously have to lie in because you are not going to say, "I bought this off you because I knew it was worth 500$, now I'm here to give you an extra 20$, thanks."
I apologize for talking about psychology here, but the whole situation is psychological in nature.
You just go buy that coin, or don't, and best of luck either which way.
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Valued Member
United States
196 Posts |
priorpence,
I have done things like telling people at garage sales that their 25c item was really worth 50 or 60 dollars.
IMHO, Nothing changed when you posted to a public forum. The area became more than grey when you had the thought and had the opportunity to be true to yourself. Not sure my opinion means much but I applaud your thinking and feel that it says a lot about you.
I'll get off my soapbox. Just wanted to give you a big thumbs up.
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Pillar of the Community
Canada
818 Posts |
Would you feel bad getting a house for less than market value or for getting a good deal on a car? It's the seller's responsibility to inform themselves.
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Rest in Peace
United States
7075 Posts |
Hmmm, I have lots of thoughts on this but mostly BUY IT before someone else does.
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Pillar of the Community
Canada
2426 Posts |
Whether you buy the coin or not is totally up to you. You don't need opinions from members here because there is arguement on any opinions given.
If you like the coin then buy it.
If you want to tell the guy it's worth $500 then tell him.
Make up your mind soon because I can guarantee you that the coin will be gone soon with or without you.
Just my opinion :)
Edited by darryldarryl
02/17/2016 6:35 pm
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Pillar of the Community
Canada
2781 Posts |
buy to keep or buy to flip, if you pay asking price there is no moral dilemma.
totally different if you offer a lowball number and someone is trusting your knowledge.
now go buy the coin, and if it makes you feel any better buy something (overpriced) for your spouse from the same store. the owner will be smiling, and so will you.
Edited by Wade
02/17/2016 9:43 pm
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Valued Member
Canada
287 Posts |
I agree with the views that he bought the coin and knows how much he wants to make, its not like he asked you what you thought it was worth. He is in business and put a price on it.
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Valued Member
United States
252 Posts |
I am sure he priced it to make a profit.
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Valued Member
Canada
109 Posts |
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Moderator
 Canada
10458 Posts |
If I was in your shoes, my answer would be: "It depends who the dealer is". If it was a dealer I like and trust, I would tell them (that list is fairly small). Otherwise, this.... Quote:
But there's a handful of dealers that I couldn't wait to cherrypick from because I know they would give it right back to me if they could. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 43 / Views: 6,029 |
First Page
Posted 02/17/2016 3:53 pm
