<< <i>This is an open forum. It is my belief that everyone has the right to give an opinion on any numismatic topic within a framework of decency and integrity. There is nothing unethical for a dealer expressing an opinion on a posted coin even if it is in auction. It would be unethical for someone to give a positive opinion for the sole purpose of driving the price up for the benefit of themselves, a client or friend or to give a negative comment for the purpose of reducing competition to benefit oneself or a client. The idea that dealers have a greater obligation to their fellow dealers than to their perception of the truth seems highly suspect and makes one wonder if such a person is any longer trustworthy. Is this really the standard of the "brotherhood" of dealers? >>
Trime very well put. I might add that it is interesting to see posters comment about what a price should be especially on rare or semi-rare moderns giving an allusion to a potential buyer that someone got a deal. Could it be an agenda to entice future buyers to maintain that price level or even increase it to their benefit, whether intentional or not?
What about members creating traffic on an auction by bidding with no real intention of buying but trying to create an illusion of demand for the coin thus driving up prices.
Or my all time favorite, a registry collector listing his coins with a dealer on Ebay, then bidding on them himself not only to increase traffic but to drive up the price.
Which is less ethical: a dealer commenting truthfully on a coin or an auction company completely ignoring in their description the fact a PR70 has turned and grown spots?
Comments
<< <i>This is an open forum. It is my belief that everyone has the right to give an opinion on any numismatic topic within a framework of decency and integrity. There is nothing unethical for a dealer expressing an opinion on a posted coin even if it is in auction. It would be unethical for someone to give a positive opinion for the sole purpose of driving the price up for the benefit of themselves, a client or friend or to give a negative comment for the purpose of reducing competition to benefit oneself or a client. The idea that dealers have a greater obligation to their fellow dealers than to their perception of the truth seems highly suspect and makes one wonder if such a person is any longer trustworthy. Is this really the standard of the "brotherhood" of dealers? >>
Trime very well put. I might add that it is interesting to see posters comment about what a price should be especially on rare or semi-rare moderns giving an allusion to a potential buyer that someone got a deal. Could it be an agenda to entice future buyers to maintain that price level or even increase it to their benefit, whether intentional or not?
What about members creating traffic on an auction by bidding with no real intention of buying but trying to create an illusion of demand for the coin thus driving up prices.
Or my all time favorite, a registry collector listing his coins with a dealer on Ebay, then bidding on them himself not only to increase traffic but to drive up the price.
wHAT IF THE DEALER WHO CONSIGNED THE COIN instead went to PCGS and sent the coin under guaranteed resubmission ?
Do you think David Hall would have called the 1909 s VDB ms 67 Red ?
I don't think so
Stewart