Is It Your Responsibility To Let The Seller Know?

[SyrNy1960]

If someone is selling a card or memorabilia for a price you know is way below its worth, is it your responsibility to let the seller know?

I say no, but depending on the item (if the gap in asking price and actual value is way off), I have offered the seller more than what they were asking.

But I do think it is wrong if you know it and you then try to get it for an even lower price.

Thanks, Tony

[LEHR]

My opinion has always been that it's not my place to price someone else's stuff, nor is it my duty to educate them on what they have. If the price is to high IMO I make an offer or just move on. If the price is ridiculously low I'm going to buy with a clean conscience and still sleep well at night.

Others will I'm sure disagree with this and that's fine, to each their own.

[Leon]

Originally Posted by LEHR

My opinion has always been that it's not my place to price someone else's stuff, nor is it my duty to educate them on what they have. If the price is to high IMO I make an offer or just move on. If the price is ridiculously low I'm going to buy with a clean conscience and still sleep well at night.

Others will I'm sure disagree with this and that's fine, to each their own.

+1. It is the sellers responsibility to know the items they are selling. My education has taken time and money.
.

[cfhofer]

It depends on who is selling the item for me. If the individual is in the business of selling and buying memorabilia then completely agree with the previous comments. All is fair.

However, if the seller is completely unfamiliar with the hobby - a collector’s widow or selling a family heirloom for example - then I will educate the seller to the best of my ability and make a fair market value offer, typically more than their original asking price.

[icurnmedic]

Agree with all the above. That’s why when I sell something I am not sure of, well that is what auctions are for.

[mainemule]

I recently purchased a nice Ted W. auto that had a pretty low BIN, much lower than what a Ted W. auto should go for, and a "best offer" option. I was happy with the BIN and did not try and nickle-and-dime my way to a price that could be seen as "highway robbery." I also didn't want to chance someone else hitting the BIN before my offer was resolved.