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A dealer lists "years of experience" on his site--ethically can he start counting from his

I am curious about something in the coin dealer world. Whenever I check out a dealer's website, I frequently see things like "30 years of experience" or something similar. In other professions where there is a licensing requirement, I assume that the "years of experience clock" starts ticking on the day that they obtain their license. For example, if a lawyer passes the bar in 2000, I think he can factually say that he has 7 years of professional experience.

In the coin world, what are the ethical rules surround the years of experience question? Does the clock start ticking at the point that the dealer started pressing circulated Lincolns into a Whitman board at age 5? At age 7? Age 10 maybe? Or are the rules surrounding your years of experience based on the time that you are a full-time professional? On some websites, I see some fairly young dealers, probably no older than fourty, boasting of 35 years of experience.

What are the rules about this?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)

Comments

  • UtahCoinUtahCoin Posts: 5,365 ✭✭✭✭✭
    Do you realize you used Ethics and Coin Dealer in the same post?? image
    Seriously, I think you're right that many start the clock with the 1st Whitman penny board. Using that criteria, I have amassed 47 years experience! QUICK! Time to update the website!
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • IGWTIGWT Posts: 4,975
    The only rule is for a collector to note which dealers shade the truth and which do not.
  • critocrito Posts: 1,735
    Does a boxer's experience start after he goes pro? So winning the gold medal at the Olympics doesn't count?

    One is amateur experience the other is professional experience. If they don't explicitly state that it's professional just assume it's all amateur.
  • I don't think there are any "rules" in this area.

    But I'd agree that you can tell a lot about a person's honesty and integrity with this simple yardstick.

    I used to be a civil engineer, so was my Grandfather and I used to help him out as a kid in the summertime with simple stuff, but I never considered that to be "experience" on my resume. It was a plus to mention it in a job interview, but I have a feeling that I'd have gotten a bit of a jaundiced look had I listed it as professional experience.

    "Sure, I'm 28 years old and I've been in civil engineering for over 20 years now". I think I might show that applicant the door.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • How about when there is a partnership they count the combined experience........that one always gets me too.....


    AL
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>Does a boxer's experience start after he goes pro? So winning the gold medal at the Olympics doesn't count? >>




    This is a good point, but I think it's a bit different. A coin dealer is a highly specialized professional with unique skills. Let's take a similar profession, like a doctor. I don't think a doctor can increase his years of experience for the time that he spent watching Quincy, MD on television. I don't think a coin dealer should be counting his "Whitman folder" years either.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>

    << <i>Does a boxer's experience start after he goes pro? So winning the gold medal at the Olympics doesn't count? >>




    This is a good point, but I think it's a bit different. A coin dealer is a highly specialized professional with unique skills. Let's take a similar profession, like a doctor. I don't think a doctor can increase his years of experience for the time that he spent watching Quincy, MD on television. I don't think a coin dealer should be counting his "Whitman folder" years either. >>



    I learned how to tell an obviously cleaned coin from a non-cleaned coin by the time I was 12 or 13. Lots of "dealers" with "30 years experience" still can't seem to - at least according to their presentations. image

    It all comes down to their personal ethics. Statements like "X number of years experience" are meaningless to me until I see their actions. Talk's cheap.
  • to me, the days of the whitman pennyboard are where it starts
  • Agreed, I really could care less of their years of experience.

    I do care about their ethics, prices, etc.
  • FredWeinbergFredWeinberg Posts: 5,895 ✭✭✭✭✭
    I usually say, when describing my experience --

    "A collector since he was 12 years old, and a
    Full-Time Dealer since 1972"

    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>I usually say, when describing my experience --

    "A collector since he was 12 years old, and a
    Full-Time Dealer since 1972" >>



    Yeah, but you were already a mensch at 12.
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭


    << <i>Agreed, I really could care less of their years of experience.

    I do care about their ethics, prices, etc. >>



    Wanna have your prostate reamed out by an ethical, CHEAP surgeon doing his first roto-rooter job?
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • critocrito Posts: 1,735
    I was just reading about a sixth grader who founded his own company and raised $6.5 million in venture capital. image

    http://www.techcrunch.com/2007/09/19/playspan-takes-65m-series-a-founder-in-grade-6/

    If senile old farts can keep counting despite not being able to remember what happened 15 minutes ago, let alone 15 years ago, why not this kid?

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