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<p>[QUOTE="jaceravone, post: 845057, member: 9474"]Hey Waffles, congrats on all those nice IKEs. The art of cherrypicking has to do with finding something in someone else's collection, whether it be a dealer or a friend, and buying it for less than what it is worth, primarily because the person who is selling the coin does not know what they have. For example, using one of my examples, you buy a Franklin Half off a dealer for $15. That would be an ok price if the coin was your basic Type 1 variety, but you discover that it is a type 2 variety and the dealer is unaware of this. This coin has a greater value than its nonvariety counterpart. Does this make sense? Since all those IKEs were given to you, that is not cherrypicking....at least according to my definition. </p><p><br /></p><p>What company did you use to have those coins graded? It is an ugly truth of the business, but usually PCGS and NGC command more as do the other companies. ANACS is very good for grading IKEs, but for many, their name does not exude a level of confidence as it does with PCGS and NGC. Funny thing is that ANACS is probably the best out of the three companies. As an IKE collector myself, I would only pay higer dollar for a PF 69 and top dollar for a 70. Anything less than that I usually buy for $5-10. Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 845057, member: 9474"]Hey Waffles, congrats on all those nice IKEs. The art of cherrypicking has to do with finding something in someone else's collection, whether it be a dealer or a friend, and buying it for less than what it is worth, primarily because the person who is selling the coin does not know what they have. For example, using one of my examples, you buy a Franklin Half off a dealer for $15. That would be an ok price if the coin was your basic Type 1 variety, but you discover that it is a type 2 variety and the dealer is unaware of this. This coin has a greater value than its nonvariety counterpart. Does this make sense? Since all those IKEs were given to you, that is not cherrypicking....at least according to my definition. What company did you use to have those coins graded? It is an ugly truth of the business, but usually PCGS and NGC command more as do the other companies. ANACS is very good for grading IKEs, but for many, their name does not exude a level of confidence as it does with PCGS and NGC. Funny thing is that ANACS is probably the best out of the three companies. As an IKE collector myself, I would only pay higer dollar for a PF 69 and top dollar for a 70. Anything less than that I usually buy for $5-10. Good luck.[/QUOTE]
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