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Why did this 1979 Penny sell for $2800?
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<p>[QUOTE="Casman, post: 3782098, member: 85295"]Results based on grade rarity and registry game. If you scour the registry sets and find low pop high grades, supply and demand dictates prices.</p><p><br /></p><p>I highly recommend the Cherry Pickers Guide rather than focusing on pocket change and error stuff. The CPG in conjunction with identifying low pop coins has proven results, at least for me although I rarely do much these days.</p><p><br /></p><p>For the CPG varieties, most, but not all varieties have low pops because nobody is looking</p><p><br /></p><p>I picked up the CPG, a $25 Book and within a month, found my first variety on Ebay, $59.99 free ship. I had it graded and attributed by PCGS then sold it on Ebay for $3,549. Thought that was neat, so found another offered by JT Stanton, $28, graded and sold on Ebay for $3,500. Went on to find approx 25 more with similar results with a decline in upside in direct correlation to the grade, and number of registry players. </p><p><br /></p><p>The great thing about the CPG is there are hundreds if coins in there to learn the correct varieties, great photos, and you can actually find them with a little effort.</p><p><br /></p><p>Set up searches, run through once, then search newly listed first, and that can limit your time to minutes a day etc.</p><p><br /></p><p>My best Cherry pick was actually a truly rare variety, and I say rare because it's heavily searched, and I've only found 1, and the current pop is 2. Picked that one for $5. Sold for $4,500. </p><p><br /></p><p>My take is if I can do it, anybody can. I equate this to simple picture matching. Although I rarely play coins much these days, it was great fun.[/QUOTE]</p><p><br /></p>
[QUOTE="Casman, post: 3782098, member: 85295"]Results based on grade rarity and registry game. If you scour the registry sets and find low pop high grades, supply and demand dictates prices. I highly recommend the Cherry Pickers Guide rather than focusing on pocket change and error stuff. The CPG in conjunction with identifying low pop coins has proven results, at least for me although I rarely do much these days. For the CPG varieties, most, but not all varieties have low pops because nobody is looking I picked up the CPG, a $25 Book and within a month, found my first variety on Ebay, $59.99 free ship. I had it graded and attributed by PCGS then sold it on Ebay for $3,549. Thought that was neat, so found another offered by JT Stanton, $28, graded and sold on Ebay for $3,500. Went on to find approx 25 more with similar results with a decline in upside in direct correlation to the grade, and number of registry players. The great thing about the CPG is there are hundreds if coins in there to learn the correct varieties, great photos, and you can actually find them with a little effort. Set up searches, run through once, then search newly listed first, and that can limit your time to minutes a day etc. My best Cherry pick was actually a truly rare variety, and I say rare because it's heavily searched, and I've only found 1, and the current pop is 2. Picked that one for $5. Sold for $4,500. My take is if I can do it, anybody can. I equate this to simple picture matching. Although I rarely play coins much these days, it was great fun.[/QUOTE]
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