That's your choice, obviously.
Let me give you a different example of greed.
Our guild cleared MC tonight, the 2h sword (42 str and +8 sword skill) drops. We don't have any main spec users that use it so we let everyone roll on it for offspec, Paladins and Warriors roll and one of our healing paladins win it. Then one of the warriors start being upset that a paladin was even allowed to roll on it, saying that warriors have better use of it and so on. Mind you that the same guy being mad had also rolled on 1h dps weapons that dropped earlier, without winning, and is (like all other dps warriors) playing 1h fury- the far superior spec.
Greed and entitlement is bad in my opinion and from my experience. People who feel their needs go above the needs of others (again, imo) have failed to understand the dynamics of a guild, especially in Classic/Vanilla where so few items drop and so many people want loot.
Take another example, Robe of Volatile Power from Molten Core. 23 spelldamage and 2% spell crit.
Clearly good for casters, but for Holy Paladins it's best in slot until AQ40 or Naxx- depending on your valuation on crit vs pure healing. Meanwhile caster dps will replace the robe before Zul'Gurub, so who's the better fit for the robe? Casters who replace in the next raid or healing paladins who will potentially keep it for the next 3 raids?
Same thing with the belt or whatever that dropped in a 5 man, just because something is a clear upgrade for you doesn't mean it's a bigger upgrade or a more important upgrade than it is for someone else in your group. Understanding that "there's no I in team" is step number one in my opinion, although there's one I in team- hidden in the A hole.