<< <i>If you know something about a coin (grading history, cleaning, dipping, doctoring, difficult to see damage, anything...) that makes it less desirable and thus worth less than you are selling it for, and you don't disclose it, you are being unethical. If you lie about it, you're committing fraud. But selling a coin is a business transaction, and thus is held to a very low ethical standard. The buyer needs to do his due diligence (caveat emptor). This includes asking questions about the coin such as "has this coin been cleaned?" or "has this coin ever been returned ungraded from a TPG?". If you say "I don't know" or "no" and these statements are false, and you sell the coin for more than it's worth if you had told the truth, then you are committing fraud. >>
OK, I agree with you. If you lie it's fraud. If you know there is a grading history that makes it grade lower but list it for the higher problem free price it's unethical. If you list a coin with no descriptor, just generic type, even if it came back as below your minimum specs, then your good...no need to disclose unless asked. With the fading away of BM, mail/internet ordering is the way to purchase coins for the most part. Slabbed coins are a way to take some of the concern over grading and "puffery"/misleading/over grading when you can't buy in person. But always "Buyer Beware" and "do diligence" can't be glossed over.
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<< <i>If you know something about a coin (grading history, cleaning, dipping, doctoring, difficult to see damage, anything...) that makes it less desirable and thus worth less than you are selling it for, and you don't disclose it, you are being unethical. If you lie about it, you're committing fraud. But selling a coin is a business transaction, and thus is held to a very low ethical standard. The buyer needs to do his due diligence (caveat emptor). This includes asking questions about the coin such as "has this coin been cleaned?" or "has this coin ever been returned ungraded from a TPG?". If you say "I don't know" or "no" and these statements are false, and you sell the coin for more than it's worth if you had told the truth, then you are committing fraud. >>
OK, I agree with you. If you lie it's fraud. If you know there is a grading history that makes it grade lower but list it for the higher problem free price it's unethical. If you list a coin with no descriptor, just generic type, even if it came back as below your minimum specs, then your good...no need to disclose unless asked.
With the fading away of BM, mail/internet ordering is the way to purchase coins for the most part. Slabbed coins are a way to take some of the concern over grading and "puffery"/misleading/over grading when you can't buy in person. But always "Buyer Beware" and "do diligence" can't be glossed over.