Sheldon & overton numbers

Overton has nothing to do with copper.


Buy the book...

 

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good point.

I use my references every day

 

I really think you need to invest the money in a good set of reference material. Not only do you need to purchase it, but then you need to read it. Attributing some of the early copper(even bust half coinage) can be complicated. They have pointed to the EAC site with a lot of good material for copper. It is the only way you can identify some of the rarer varieties. If not there are a lot of copper heads that will cherry pick your inventory. While there is nothing wrong with that in some cases it could be costly as mentioned. My local shop does not always do that - so they can be cherry picked and they even encourage it. I keep hoping they get an 1834 N-5 I can cherry pick on them.

 

Another good example - get the cherry pickers guide. Here is an example of what it can make sure 1882 MS63 $100 to $125 dollars - 1882 MS63 Snow-6 $1500 dollars. I actually made about $1200 on that one coin.

 

In this example Josh, Mark made $1200 simply from using a reference book that cost him ~$50.

So how much did that book cost him? Not a dime or $1150 to the good. Without the book he could have lost over $1000, and this occurs every single day in the world of coin collecting.

Did you not see the post from one of our members who cherry picked a junk bin for over $1000? TWICE!

Once was recent on some ~$50 trending coins and the other time it was a Junk Dollar (Chinese) with birds. A rare variety that likely made him $2000+

 

You can use the online guide I'm working on for Bust Halves..... BustieGuide.com

 

An excellent and growing site , good work Alan .

 

I'm just wondering where are you going to buy these coins? Other coin dealers who have 20+ years of experience more then you? You know lots of collectors of copper that usually work with dealers without the large amount of capitol needed to buy these coins? Early copper is very expensive. I'm seriously wondering how much money you are going to allocate to buying rare copper when you balk at buying a $200 book. Are you just going to trade culls with holes?

Seriously what is your business plan to sell early copper other then announcing it on coin talk.

 

Vic

Good point.

Every book is worth 10X its cost.

Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book, Buy the book.

Get the idea?

 

You wanna say that again Frank?

 

This makes me think of when the CPG first came out. I was finding listed varieties at shows and shops all the time. It was at the point that I could not afford to buy all that I wanted. The dealers were happy because they made money on the coins but did not know what they were selling. Those days are gone for the most part. More folks understand how important a good library is in this hobby.

 

Frank , you forgot the next most important part . Read the book , then read it again . Then study the book and use the book .

 

Oops! You are right!

 

And just in case you forget(see frank I get to save on the typing) :

 

Well, I have a few friends of mine who will sell a lot of different things to me and I also allow them to list some of their stuff on my website. one of them just bought a bunch of early copper and he is able to have a continuous supply. He wants to sell them to me and put some on my website. So I need to get a good understanding when it comes to early copper before I go ahead a do all of that.

I bought that book btw guys. Thanks for the help.

 

The upside being that a collector of --say bust half dollars-- armed with an Overton book can cherry pick non-attributed varieties. That is especially true of estate auctions and similar venues where the guy doing the lot descriptions simply doesn't have the time to get lost in the Overton minutiae.

 

I have spent thousands building my reference library I've bought a lotta books off Jesse too he's found me a lot of the hard to find ones. Old auction catalogs can be a good reference too especially major ones like the eliasberg ones or the naftzger ones for large cents. A subscription to pcgs coinfacts is well worth the money too. I've been doing and buying this setting the groundwork to begin dealing in coins not jumping in blind

 

Sounds like a reasonable strategy.

 

Friends who have lots of coins to sell and have "a continuous supply" sound very much like coin dealers. Coin dealers need to sell coins at a profit. They can't afford to hand people coins at cost. Friends are friends but business is business. So my interpretation is you are going to buy retail from coin dealers and try to sell at retail +. I looked through your site I only saw a few actual coins for sale that were coins and not junk silver lots. Are these coins the ones you post for your friends? Or is it their junk silver?

I just come away with the impression you plan on buying from dealers at retail whether or not you realize this and then try to sell for over retail prices. Most coin dealers make their money on the buy not the sell. If you are not buying from retail collectors or people inheriting collections where you can pay fair dealer under market prices and then sell at market you are going to find yourself holding on to a collection of coins that you don't necessarily like but are stuck with.