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Susan Headley

Susan's Coins Blog

By Susan Headley, About.com Guide to Coins

Coin Dealer Ethics

Tuesday June 23, 2009

The topic of ethics is a popular one in coin collecting. Collectors are always asking questions such as, "Is it ethical for a coin dealer to pay an elderly lady 5% of market value for her coins?" or "Should a dealer be allowed to reprice something after you've agreed to buy it?" (such as when you find a rare coin in a flat-price pick box, but once you pick it out, the dealer wants more for it.)

I write an occasional column called Coin Dealer Ethics, where I ask readers to weigh in on ethical questions like these. I've collected some of the best into my Top 10 Coin Dealer Ethics columns.

Comments

June 24, 2009 at 10:58 am
(1) Les says:

Thanks, Susan, for letting us know about the potential landmines we collectors face when trying to expand our treasures. The pick-box story is my favorite: I love poring through piles of coins, looking for a few gems.

June 25, 2009 at 7:59 pm
(2) coiny says:

After reading half way through Scott A Travers book, the Coin Collectors Survival Manual. Coin dealing can be a pretty dirty business. A whole lota hanky panky goin on.

coiny

July 9, 2009 at 12:24 pm
(3) Don Munro says:

I know there are unethical coin dealers but I am not convinced that NCG PCGA are all that ethical either. They like to blow their own horn and tell collectors how great they are. I have a book on grading coins from ANA and NCG has a very dark past.

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