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.
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.
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
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.