When purchasing a coin, does the buyer have the right to state who the seller was?
braddick
Posts: 24,818 ✭✭✭✭✭
For example, a dealer is selling and oddball modern coin at the Long Beach coin show he picked up in a lot of other, more desirable coins he specializes in.
Does the new owner of said widget have the right automatically to state/brag who it was that sold him the coin? Does the dealer have a right to privacy even though he
did publicly sell the coin?
Would your answer change if the coin was sold privately?
Does the new owner of said widget have the right automatically to state/brag who it was that sold him the coin? Does the dealer have a right to privacy even though he
did publicly sell the coin?
Would your answer change if the coin was sold privately?
peacockcoins
0
Comments
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
<< <i>When purchasing a coin, does the buyer have the right to state who the seller was? >>
The subject should probably be reworded. I think you mean "does the dealer who bought the coin have the right to say who he bought it from?".
IMO, sure. Unless a privacy agreement was reached at the time of sale.
Lance.
<< <i>I would be happy if someone bragged they purchased a coin from me. Why would a dealer not want people to know? >>
I remember years ago LEGEND was ribbed a little bit over selling a Kennedy silver proof on their website. No big deal, and I am sure LEGEND took the ribbing
all in good fun, but perhaps there would be a dealer who has built a reputation on a specific niche within the market and needs to wholesale a few coins that don't meet
his selling criteria, generally.
peacockcoins
No Way Out: Stimulus and Money Printing Are the Only Path Left
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
<< <i>When purchasing a coin, does the buyer have the right to state who the seller was?
The subject should probably be reworded. I think you mean "does the dealer who bought the coin have the right to say who he bought it from?". >>
As a dealer, I do not disclose the name of the person from whom I bought a coin, unless it is either (1) already publicly known or (2) previously agreed to when I bought the coin.
Same goes for selling a coin, I won't disclose to whom I sold a coin either.
Collectors are justifiably concerned about their privacy. My personal view is that it is wise to not do anything to compromise a collector's privacy.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>sure, unless there is a confidentiality agreement. >>
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Coins are so secret that nobody ever talks about anything.
<< <i>
<< <i>I would be happy if someone bragged they purchased a coin from me. Why would a dealer not want people to know? >>
I remember years ago LEGEND was ribbed a little bit over selling a Kennedy silver proof on their website. No big deal, and I am sure LEGEND took the ribbing
all in good fun, but perhaps there would be a dealer who has built a reputation on a specific niche within the market and needs to wholesale a few coins that don't meet
his selling criteria, generally. >>
That is funny. I would love to have read their description. I'm sure it ended in "opportunity knocks loudly..." lol
<< <i>I would be happy if someone bragged they purchased a coin from me. Why would a dealer not want people to know? >>
Agree if we are talking about buying from another dealer since free word of mouth advertising is welcomed by other coin dealers. On the other hand, the dealer has no business telling anyone who he bought the coin from if it was bought from a collector. A dealer's customers have a right to their privacy.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
I think the buyer can disclose from whom he bought an item with no problems, unless there is a previous confidentiality agreement.
Too many positive BST transactions with too many members to list.
<< <i>
<< <i>I would be happy if someone bragged they purchased a coin from me. Why would a dealer not want people to know? >>
Agree if we are talking about buying from another dealer since free word of mouth advertising is welcomed by other coin dealers. On the other hand, the dealer has no business telling anyone who he bought the coin from if it was bought from a collector. A dealer's customers have a right to their privacy. >>
Unless your name is a household word who really gives a rat's ass? If you're known as having a "good eye" I'd think that your coins might have an advantage or slight premium in the marketplace. It would be courteous on the part of the re-seller [be they dealer or collector] to at least ask you if they could mention you as a prior owner if asked.