How NOT to Cherry Pick~

Not looking down on anyone Humanoid so please don't take it that way.

It's called doing your homework and knowing where to use it.

I've cherrypicked and have no problem with it honestly. IF one wants to cherrypick they should know the coin BETTER than the dealer/seller. That's fair game to me.

I'm not into cars as an example. I don't walk into a Ford dealer hoping to "pick" a Mercedes.

clembo

 

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I think it's more of a case of "old news".

By the time this guy saw the report on TV, the whole 2007 reverse was old news in the numismatic community and everything that could have been cherrypicked had already been cherrypicked.

Sort of like showing up to hunt rabbits a week after the season had closed... wasscally wabbits.

 

Maybe I'm just a noob, but could somebody define cherry-picking? I'm a bit lost.

-DJ

 

Cherrypicking is when you know about a new variety and your source (in this case a dealer) does not.

People cherrypick on eBay all the time, finding unlisted varieties at the cost of the normal coin.

 

It has been quite entertaining to me to watch people come up to our table at shows and try to cherrypick our silver eagles... This particular coin is just a bit obvious when one starts to look at reverses. If there were other reverse varieties, the search would be a bit more subtle, and subtlety is key when cherry-picking a dealer's inventory.

 

So pretty much if you see that a dealer has a new or old coin incorrectly priced because they're unaware of the value... and you actively seek out these deals right?

 

Pretty much it.

 

the attitude i sense from this thread that cherrypicking is wrong, but like speeding, if you can get away with it, it's ok. i thought that was the point of truly knowing about a coin and understanding the variations that might exist in the various years or mints.

a dealer can't know about every coin in his possession, that's just the law of averages, so at some point you will know more about what the dealer has then he does. should i tell the dealer that the coin he has is worth 10x what he's asking or do i pay him his price and whistle softly as a briskly walk away?

-Steve

 

Whistle and walk Steve.

I started this thread as how NOT to cherry pick. Kind of a joke ya know?

It was really about trying to cherrypick the obvious and knowing where you are. Today I looked through 2 rolls of 69s Lincolns and 13 rolls of Wisconsin D quarters. Found nothing but neither will anyone else.

Now an obscure variety that may be cherrypicked? Chances are somewhat better there and more power to the picker!

clembo

 

i know what you're saying, but i have found some easy ones in the junk silver bins, of guys who knew the coins... it never hurts to look.

-Steve

 

Without a doubt!

"Junk" is the place to look as we don't actually have time to look through it.

It's the "New" varieties that get the biggest publicity the fastest. Word travels amongst dealers really fast on these.

Find them, sell them and watch the market.

 

I agree. In fact, just the other day I cherrypicked an AU 1945S Merc Micro S out of my favorite store's junk bin for less than a dollar. Never...ever hurts to look. Not even the best shops know everything they have.
Guy~