Evolution said:
Lav said:
because it is extremely tough to google the price of coins
You'd be amazed how many people still don't have the internet, and not everyone that has it knows how to use it. My mother is completely computer illiterate, if you asked her to google the price of a coin she wouldn't know what the hell you were talking about. They are the kinds of people who still look at noticeboards and read actual newspapers, the kinds of people these buyers target. The ones who don't know better, the ones that don't know to check and wouldn't know how to anyway.
Put it on an internet messageboard, you know the things tech s
avvy people use and see how well it works. People will quickly cotton on to the scam.
If you want the best price for anything you have to do your research, take time and be patient in selling.
This applies to round 50c,
property, and other assets including your second hand car.
Not anyone's problem if they can't be bothered to research or have patience and take the easy way out.
Obviously there will be a cost of taking the easy way out and that is of course, lower profits.
Some people take the easy way out for many things, such as doing their taxes. Are accountants immoral too because they're charging fees?
You can find more information at the local library, your local coin dealer among other places. The internet is not the sole source of information albeit a convenient one. Your mother might be computer illiterate but I'd wager she'd know how to read a book right? Well pick up some coin guides in the library for coin worth and after that buy the daily paper and find out silver spot price to make a rough estimate of value.
Even if you don't do all that, you can go to your local coin store or whatever and ask, hey how much are you selling round 50c to get a ballpark figure. It'd probably be $15/coin or above but at least you'd know, wow don't sell for $8.
It's not that hard. I'm sure your mother can do that because her generation keeps badgering mines to 'get off the net' and 'do things ye old fashioned way'.
The forum is a community of people, where it seems the majority of that community sees no problem in scamming people who don't know any better. I wonder how many new members here have gotten raw deals.
And it's a big leap between major dealers and individuals.
In this case the guy is being a douchebag, however it is nowhere near a scam. A scam would be selling you an iPhone 4GS and mailing you a brick instead, or nothing at all.
Being a douchebag on these forums won't get you very far, your name will be soured fast and reputation plummeting through the floor making future sales difficult.
Maybe while you're at it, you should go tell ANZ that offering way below spot on their FX counter is a scam and see how far that gets you.
I'm not a brick wall, I'm open-minded but skeptical. All I'm hearing are excuses though, not reasons.
Is being a believer in the free market a good enough reason?
Supply and demand are at work naturally, he who wants to sell, sells to he who wants to buy. THAT is fair.
The free market will regulate itself and the TRUE value of 50c will be discovered regardless of spot price. Once all the people have been siphoned out of their cheap 50c, the business will no longer function as there will no longer be a supply.
Also, value is a matter of perspective. I might value a lunar coin at $200, someone else might value it at $350.
It's called being at the right place at the right time and arbitraging market inefficiencies and asymmetric information.
Look it up, it's pretty much the foundations of economics.
