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<p>[QUOTE="kanga, post: 540510, member: 9270"]Three quick stories.</p><p> </p><p>1. I wanted a $1 gold Indian Princess Head, Large Head (1856-1889) for my type set.</p><p>For an 1862 at a local show (30-50 dealers) already slabbed NGC AU-58, perfect for what I needed.</p><p>Bought it for greysheet bid (must have been something the dealer was having a hard time selling).</p><p>Got it home and someone told me to check it out in Breen's Encyclopedia.</p><p>Turned out to be a DDO.</p><p>Worth about 50% more based on the only auction record I could find.</p><p>This was <u><b>NOT</b></u> a cherrypick since I didn't know what I was getting.</p><p>Just pure luck.</p><p> </p><p>2. MFD was sitting next to a dealer (same show; different time) who bought a partial set of Mercs from a customer who didn't know what he had.</p><p>Turns out the 1942 was a 1942/1.</p><p>The dealer didn't tell the customer.</p><p><u><b>THAT'S</b></u> a cherrypick.</p><p>And IMO that dealer should have every penalty appropriate piled on him.</p><p> </p><p>3. I went to a B&M dealer who showed me a nice silver 3-cent.</p><p>I don't know why because at that time I wasn't interested in coins like that.</p><p>He had it labeled as an 1851.</p><p>I flipped it over and there's a nice "O" at 3 o'clock.</p><p>I told him about it (I still wasn't interested in the coin).</p><p>I passed on a cherrypick worth about 50-100% more than one without a mintmark.</p><p>Would I have cherrypicked it if I had been interested?</p><p>Probably.[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 540510, member: 9270"]Three quick stories. 1. I wanted a $1 gold Indian Princess Head, Large Head (1856-1889) for my type set. For an 1862 at a local show (30-50 dealers) already slabbed NGC AU-58, perfect for what I needed. Bought it for greysheet bid (must have been something the dealer was having a hard time selling). Got it home and someone told me to check it out in Breen's Encyclopedia. Turned out to be a DDO. Worth about 50% more based on the only auction record I could find. This was [U][B]NOT[/B][/U] a cherrypick since I didn't know what I was getting. Just pure luck. 2. MFD was sitting next to a dealer (same show; different time) who bought a partial set of Mercs from a customer who didn't know what he had. Turns out the 1942 was a 1942/1. The dealer didn't tell the customer. [U][B]THAT'S[/B][/U] a cherrypick. And IMO that dealer should have every penalty appropriate piled on him. 3. I went to a B&M dealer who showed me a nice silver 3-cent. I don't know why because at that time I wasn't interested in coins like that. He had it labeled as an 1851. I flipped it over and there's a nice "O" at 3 o'clock. I told him about it (I still wasn't interested in the coin). I passed on a cherrypick worth about 50-100% more than one without a mintmark. Would I have cherrypicked it if I had been interested? Probably.[/QUOTE]
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