Being honest!!!

joeykoins

Can a dealer being 100% Honest,100%!Do you think he would survive in the business?Of course,his employee's also.

Bochiman

Yes.
I think CRO, MarkFeld, and others do it.

Billet7

I hope so, otherwise I'm buying from the wrong people.

JamesMurray

<< <i>Yes.
I think CRO, MarkFeld, and others do it. >>

lasvegasteddy

truth serum in city water supply would bear an interesting society...
surely many are n do

joeykoins

Now,this includes not misleading the customer in any way.You would have to tell them the truth,about such and such a coin.Example;If they were to ask,"how much is this ,1909svdb is worth in this condition?Let's be honest now!

joeykoins

Better yet,say someone comes in with a roll of old Wheaties,and then they ask the question?and there's a few good rare ones in the roll?what then?

JamesMurray

..pretty sure most of us understand the definition of honesty , the above still stands.

airplanenut

I certainly think they can be. There aren't many who are, but as mentioned, Mark Feld and CRO have both, at some point, given me a list of reasons why I shouldn't buy something out of their inventory. That wasn't to say they had bad coins, but just coins they knew weren't for me.

Shamika

I suspect it would be very difficult to be 100% honest and successful in the beginning. But if you can survive, you'll slowly build a loyal following of customers that will make your longterm survival all but assured.

Greeniejr

No coin dealer is 100% honest all the time. Just like no person in any facet of life is always completely honest. There are a lot of coin dealers who are very honest and may be 95%+ but lets be realistic here. Coin dealers are people too.

291fifth

No.

joeykoins

Not to take anything away from any certain dealers.I myself know a couple of honest dealers.It's just a hypothetical question.Just to make conversation.Thanks,for responding guy's.

LindeDad

Actually like everyone it's not whether they are. It's what the customers and their peers think they are.

How do you answer? "Honey do these pants make me look fat?"

relicsncoins

I tend to look at it the opposite. Can a dishonest dealer survive longterm? There may have been a time, but with the web and chat boards, word get around quickly if dealer is being less than upfront with customers. I think honesty and knowledge go hand in hand. A knowledgeable dealer does not need to be dishonest, because he/she buys coins they they can sell for a profit. A dealer who is not knowledgeable needs to cut corners to make up for mistakes, and that corner can often be honesty.

JJ

garrynot

I have never had any transactions with a dealer who I thought was dishonest.

JamesMurray

<< <i>I tend to look at it the opposite. Can a dishonest dealer survive longterm? There may have been a time, but with the web and chat boards, word get around quickly if dealer is being less than upfront with customers. I think honesty and knowledge go hand in hand. A knowledgeable dealer does not need to be dishonest, because he/she buys coins they they can sell for a profit. A dealer who is not knowledgeable needs to cut corners to make up for mistakes, and that corner can often be honesty.

JJ >>



Well said

joeykoins

<< <i>Actually like everyone it's not whether they are. It's what the customers and their peers think they are.

How do you answer? "Honey do these pants make me look fat?"

>>

To answer your question,if you truly love your wife.Wouldn't you tell the truth.You wouldn't want your wife to be made fun of,would you?I'm sure she would thank you for it later.If the shoe was on the other foot,so to speak,if you were wearing a real tasteless shirt.Wouldn't you want your wife to tell you?

pakasmom

Of course.

As for LindeDad's question; you answer yes if the answer is yes. (After all, it's just the pants that are making her look fat.)

joeykoins

Exactly pakasmom,well said!Thanks dear.

Raybob15239

Absolutely. This forum's own ptvetter does it. I've seen him in action. I know him and his wife personally. Two of the nicest, most ethical people I know.

TwoKopeiki

It depends on your definition of honesty.

291fifth

<< <i>It depends on your definition of honesty. >>



Look ... here comes the widow with her late husband's coin collection.

How many can resist the temptation ...

joeykoins

<< <i>

<< <i>It depends on your definition of honesty. >>



Look ... here comes the widow with her late husband's coin collection.

How many can resist the temptation ... >>

Yeah 291fifth,You just hit the nail,on the head! Your comment is your "Honest"opinion!

chocolatebayou

I look at it this way. I am an honest person (100%) and I don't think being a dealer would change it. To think just because they deal in coins, somehow, they wouldn't be I think would be insulting. Not saying every dealer is honest, you just can't say they aren't just BECAUSE they're dealers.

BAJJERFAN

<< <i>Actually like everyone it's not whether they are. It's what the customers and their peers think they are.

How do you answer? "Honey do these pants make me look fat?"

>>



Answer it honestly, no honey it's your ass that makes you look fat.

joeykoins

No,your right chocolatebayou.I'm not pinpointing dealers as dishonest,I'm just saying,the coin business is vulnerable,of being dishonest,as so many other businesses out there!

originalisbest

I believe David gave the most honest answer here.

bestclser1

Absolutely,and those are the ones i do business with as well.

PerryHall

I think honest dealers do much better over the long haul because they get a good reputation resulting in more new and repeat business. And don't forget that the bad dealers are soon found out and the word spreads rapidly in the coin collecting community. I belong to two coin clubs and we share information concerning both good and bad transactions with area coin dealers. Also, honest coin dealers sleep better at night although I know a few crooks that probably sleep quite well because they don't have a conscience..

Billet7

There is a lot to be said for this in all facets of life, in business dealings there seem to be a number of philosophies: (This is what a person might do generally...flukes happen occasionally.)

1. Pure dishonesty (Don't care if they get caught...they are dishonest because they enjoy it, usually associated with sociopathic issues.) VERY few people fall into this catergory.
2. Dishonest if they think they can get away with it. Some people fall into this catergory.
3. Usually honest, unless there's a situation where no one gets hurt...and it's of great benefit personally or collectively. A good quantity of people fall into this catergory.
4. Honest by the law. Not necessarily looking out for others, but this person wants to stay out of trouble. I think most people fall in this catergory (and the next.)
5. Honest by principle, these are honest because they want to help others, and realize that by helping others...in the end they help themselves. (If one were taught morals and ethics as a child, you might fall into this catergory.) I think many people fall into this catergory, but probably less than the previous one.
6. Honest by Virtue, these are honest even to their own detriment. They are honest at all costs and find that the only benifit the reap is the feeling of goodness they get by sacrifice. Few people fall into this catergory. Usually have a higher purpose, either religious or strong moral teachings.

One can claim to be 100 percent honest and still be included in #'s 4,5 and 6 (although some would disagree with that claim.)

I think coin dealers probably follow a similar distribution, but generally speaking I would think coin dealers are probably just a bit higher up on the scale than average. I think this because it requires study, patience and understanding to become a proficient coin dealer...this causes people to think more about their actions...therefore they tend to be more honest.

BTW this comes entirely from Billet7, just my observations.