I understand that most or all of us don’t want to buy tools that might have been stolen, but what if you are buying stuff engraved MS from a guy named Michael Smith? To me, if the price was right, I wouldn’t have a problem.
I have done that and then spent a few minutes removing the engraving marks while cleaning up the tool to add to my collection.
Not picking on you Shiftless, just happened to grab your comment to make this one...that said, maybe I'm one of the few folks who just doesn't care that much if a used tool I buy has someone's named engraved on it - caveat being that it's something that I intend to use, if I was trying to complete a set or something then that'd be different. I've run into Pawn Shops before and picked some things up, like loose sockets or hell, you name it, something that I didn't want to go buy a whole set of or whatever. The way I look at it is; as long as I know I'm buying something legally then I'm not concerned about it. If I were to go to some CL'er's home and he tells me to call him Chris he's selling a complete toolset with BILL scribed on them and looks like a drug addict needing his next fix then I pass. But just as often, if I'm picking up a tool set from a fellow and it's got some random JIM's and *** initials scribed on some of the items I still don't worry about it too much; as far as I know he bought them second hand as well.
Once I saw a good condition Craftsman block grinder on the right stand being sold on CL by the original owner...still had the owners manual... asking $50
I emailed him right away and said I’d take it for $60
He was so impressed by this “generosity” that he threw in about it a hundred dollars worth of other stuff not listed in his ad for no extra money.
This is something I like to do as well, especially when I pull up and see it's a little old lady selling her late-husband's items who likely doesn't really know what they are worth. Not only does it make me feel better, but as you mentioned, many times it's paid off in good karma. They remember something they have that "you might like this too?", etc. I don't do it for that reason, but I just generally want to treat people with the same respect that I would hope that others would treat me with.