Unethical Or Just Clever Business?

I think if I could buy coins and sell them for a 55% profit on a regular basis all day long, I'd quit my day job and do that.

it's basic business on a small scale...it's like a manufacturer selling to a distributor, who sells to a retailer who sells to a consumer. the price gets a little bit higher the further along the product travels.

it might be unethical if he then turned around and sold it to you in the same store for $2.00 At least he's leaving with them and putting them into "his inventory" at home.

I see nothing unethical about it, just someone turning a profit from a good deal. Almost all of the coins I sell come from my local shop's bid board. Sometimes, I can get inventory cheap enough to double my money and other times I have actually sold for a small loss although that is usually my fault for overbidding and overestimating demand in the first place. There have been a few times where I have bid on a specific coin because I know I have an immediate buyer, I like those the best because it is minimal work and I can pass some savings on to the purchaser because the coin does not have to sit in my inventory tying up money. If I did not have the bid board for a source, I would not be selling coins because I would never be able to obtain enough coins at reasonable prices to have an inventory.

Every seller has to get inventory from somewhere and if you are able to get coins at a very good price without being unethical or ripping off knowledgeable people then bully for you

any business person who wishes to stay in business must buy low and sell high. it doesn't have to be double what you paid or anything to stay in business but you have to at least make a profit to stay in business or you would go broke rather quickly. No one wants to pai 1.10 for something and then turn around and sell it for 1.10 because its not worth their time to do so. if they bought them to search through then yes that would be fine, they keep what they want and get their money back for what they dont. It would be the same with roll searchers, if they weren't looking for coins that were worth more than they paid there would be no reason to spend the time searching. If someone went and bought a box from the bank at 1.00 a piece and pulled all the silver out do you think they should sell them for 1.00 a piece juist because thats what they paid? If so you do the searching and I will give you face value for what ever silver you pull

I have done that on numerous occasions. When I see good or cheap coins I do not need, if they are priced well enough I will buy and then resell them.

Nothing unethical about it.

What bugs me is when someone walks into a coin shop with a bag of coins and the dealer ridiculously lowballs them. I watched a dealer buy a stack of silver Kennedy's for $1 a piece just the other day. I had never been in that shop but decided to stop in to see if they had anything interesting. I really wanted to say something but I didn't really want to speak up while in their shop. The lady also had some gold eagles that she was considering selling. I couldn't shut up when she asked the dealer what would be the point of holding onto them. Once I explained how much gold has gone up over the last couple of years and that there was a good chance that it was going to keep going up she decided to hold onto them. Hopefully, she doesn't go back to that guy when she needs to sell them.

He's a good business man. I offered these for $1.20 on CCF and there were no takers. Unethical? You're kidding right?

Maybe he delivers