What do you do in this situation?

Okay, so you're cherrypicking the web, and you come across a sure-fire unattributed variety. It's not one you normally collect, or have even seen before. There isn't a lot of information about it online, ESPECIALLY when it comes to auction listings (i.e., values.) It's not in any of the price guides, but it IS in the Cherrypicker's Guide.

You think it might be valuable, but you just don't know...because so few of them have been sold.

What do you do? (And I tried to have fun with the poll...)

 

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Poll is genius... Idk what you should do, though I would guess buy it?

 

Buy that sucker. Your knowledge on it is what gives you the advantage. I have cherry picked a few this way.

 

Do whatever you want. If someone takes it upon themselves to offer a coin forsale to the public, it is fair game; selling a rare or valuable variety, without having done their homework or consulted one who could help them, was their choice. It is different if someone contacts or brings coins to you in an offer to sell as picking in such a situation would be at least highly questionable, but if openly selling themselves, being picked is a risk they chose to take.

 

Tell all of my friends that do collect them ... then sit back and enjoy the spectacle of the feeding frenzy

 

It's the same as cherrying some dealers junk drawer/box..........if he don't want to do the 'heavy lifting' (research) I certainly will. All's fair in love and coins.........

 

You forgot one more option.......

Go to Watch Count to see if anyone else is following this listing.

http://www.watchcount.com/

Chris

 

Ha ha...thanks for that website.

So I'll add this: Since a bazillion (not a real number, but 16 is) people are watching it...I doubt I'm the only person to see it for what it is. I had my reservations about bidding on it anyway - so, NOW what would you do?

 

If it's something you need toss your line in the water and see what shakes......

 

Backup into a doe the next time.

Oh yeah, make sure your really the hunter with this.

 

place your max bid and if you win you win. If you lose, oh well.

 

There's 16 people watching it but the seller is still clueless?

 

It's a nice coin, and still way under FMV. The Snipes are circling...

 

Well if you know what FMV is then bid a little (or more than a little if you don't really want it) under that and if you get it then you've gotten a nice deal.

 

Buy it and good hunting is my advise. I tried to bid on some proof sets last night on Ebay from 1960-1964. Saw a nice Kennedy Accented Hair Proof which looked at least Cameo in the lot. Guess I wasn't the only one that noticed it. The auction went for over 300 bucks. Bottom line if not you someone else will.

 

I picked this.

"Say no more. You must win this coin. You gotta get one of those (variety withheld)!!!!!"

I will also "Eat the squirrel, it's dellish"

 

Good. More squirrel for me!

 

What is that rare variety you aren't telling us about STL???

 

Going by the poll responses, I can say no more.

Free coin to anyone who gets that reference without Google...

 

Well, I voted to tell my coin forum buddies for the knowledge bomb...but I would have done so privately and not as a forum post, unless I just wanted to learn about it generally.