Unethical Or Just Clever Business?

Hes just doing buisness - people should look around before buying

I agree,

Although I tried to sell about 100 of them on craigslist and had no luck, gave up and put them on ebay. I assure you that its not that easy

Just good business IMO. The coin shop marks up the price a bit over what it paid, turns them over asap. Many coin shops rely as much on high turnover as markups, in order to have cash on hand for their next purchases.

Agreed...neither clever nor unethical. If it's the same guy, he's just doing simple buying and selling. He's free to do this and he is free to put whatever asking price he wants. If he were to put a price of $1.50 on them, it's no different IMO. The coin shop has the option of asking $2.00/each in the shop or $2.00/each by placing an ad on Craigslist, but he chooses to price them low so he can turn them faster. It wouldn't be clever or unethical either if the guy on Craigslist bought them from another collector or direct from the bank at face value with the intention to resell them for a profit, even with a 100% markup.

Business has been done this way since the beginning of humans doing transactions. Buy at one price, sell at a higher price and make a profit...nothing new here. :)

Ok, but isn't that what all the rolls of wheats on ebay are doing? And we trash those guys all the time.

HUGE difference if I am understanding what you are comparing it to. I am guessing you are comparing it to those that sell "unsearched" rolls or rolls with a better coin showing on the end of the roll, but knowing the rest are garbage dates. If the guy on Craigslist is selling them strictly as Ike dollars at $2.00/each, he's not making any false claims or tricky advertising hoping to lure suckers in.

Edit: afcop beat me to it on the same points...lol.

No problem afcop. I know there are alot of unscrupulous sellers out there...on ebay, at coin shows, on Craigslist, at coin shops, etc. There are also alot of good sellers out there. I don't know if this particular Craigslist guy is one or the other, but from the information presented, I don't see him doing anything wrong.

I guess it's a bit bothersome that alot of posters on here seem to have issues with people who buy and sell coins to make a few bucks. I've seen all too many posts on this forum like this one where someone's buying and selling activities are questioned and I personally don't get it. It's not a knock on nod2003 by any means...I've done biz with him and he's a good guy. It's just in general I see enough posts that question what are likely honest people trying to make a little extra money, and I don't get it.

One thread from recent memory that comes to mind involved the guys from the show Pawn Stars. Some here ripped them for their biz practices, but I honestly don't see anything wrong with what their business is doing or the margins they are working with when many of the companies that people on this forum work for rely on even bigger margins. Those same companies that pay people's paychecks every week or bi-weekly. It seemed hypocritical to me for people to gladly accept their payroll checks but then turn around and criticize a small family owned business for making similar or smaller margins.

Anyway...I've said enough....lol.

Heh, maybe I should buy all the coins first and sell them for less. Might have to give it a try.