So I made the cherrypick of a lifetime a few months back... AU 1888/7 Indian Head Cent.
FadeToBlack
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And now that the dust has settled, I'd like to share my pics of it with everybody.
I was honest with the owner and did pay him well for it after I identified the variety for him. It is in a PCGS 55+ holder now. I think it's undergraded, to be frank.
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Comments
Nice! I don't know anything about the coin, but it looks great!
I remember an interesting thread on these ( by EagleEye perhaps), but didn't know they were so valuable!
You suck!
Is there a TrueView of it?
Are you going to keep it or sell it?
So are there any other diagnostics considering I can’t even see a 7 under the 8?
You did well to catch that puppy.
There are some surprises in collections that surface. This was sure a nice surprise for sure!
I second, or third, the YOU SUCK.
bob
There was a long thread with two camps arguing whether it’s an over date or not. Personally, I don’t think so. But popularity trumps logic...
PCGS authenticated it as a 1888/7. Do you think it should be sent in for reconsideration?
https://www.pcgs.com/cert/36149334
Ah, well popularity often trumps logic in numismatics so that part wouldn't be new
If you had gotten the PVC off, it might have graded higher. Nice find.
Exactly
Was it this one from eBay?
I used to hunt these religiously on eBay, and found 3 over time (all G-VG). But it was slow -- I found maybe 1 a year and eventually my enthusiasm petered out.
Really impressive cherry! Noice!
Great eye! I respect a good pick from a bad picture, it is not easy. I do this on eBay often, Or try to lol.
I see a little nipple under the corner of the 8 where the lower tip of the 7 was/is. Great diagnostic with the cud. Little details like that make the effort and knowledge payoff.
http://www.pcgs.com/SetRegistry/publishedset.aspx?s=142753
https://www.autismforums.com/media/albums/acrylic-colors-by-rocco.291/
And it is so minor too. The only thing about is that it would be the only overdate of the series, and that's why it must be so glorified.
What's the green stuff at the lower right ribbon and stem? Verdigris?
Congrats! That is the most beautiful one I've seen in awhile and boy the price is out of this world..... Congrats again!
Very cool!
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Sweet, nice pick-up, congratulations !!!
https://forums.collectors.com/discussion/871245/the-biggest-cherrypick-ever
Sweet find man. Got that eagle eye! You should definitely share one more photo of it...... You know which one.
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The best collecting goals lie right on the border between the possible and the impossible. - Andy Lustig, "MrEureka"
I was wondering when you would start showing the coin. Great find. It's really cool that you helped the young man get a fair deal for the coin. A lot of folks would not have done that. You have my respect.
A rare coin like this must have been in serious collections over the years, there must be a story behind the overdate, I'll have to check out the coinfacts article, thanks for sharing.
Great find!!!
I don't think your average dealer would have been as honorable.
I was the buyer of #FadeToBlack 1888/7. My customer was the original purchaser of the XF coin that was described in the "Cherrypick for $47" thread. He sold it back and I posted it on my web site as "Rick Snow's cherrypick coin". it sold within 15 minutes ($14,500). The #FadeToBlack 1888/7 sold for $35,000.
Every 1888/7 seems to carry an interesting story with it.
I love stories like this and how nice for dealers and collectors to partner with each other!
@EagleEye , It feels great to double dip right?!
Great pick. Congratulations @FadeToBlack .
Wow!
Collector, occasional seller
Wow, congratulations!!
Cherry pick of a lifetime confirmed.
Congratulations to all the parties involved!
Interesting coin!
It's all about what the people want...
congratulations and thanks for the education on the diagnostics
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Oh ya that a "YOU SUCK" all the way
I don't understand. If you had to sell it in order to pay back the money you had to borrow to buy it, how much of a cherry pick was it? Was it already attributed as an overdate and did you just figure that it was undergraded?
Cherrypick was just the thrill of finding a rare variety in this case.
He paid the seller based on the market value, not on the unattributed value.
Congrats on a phenomenal find!
"The #FadeToBlack 1888/7 sold for $35,000." I'm just curious what the economics are on this, what was paid on what valuation, and what the 55/58 spreads are?
Hell of a find period!!
Wow. Congrats to all!
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Fade to black needs to fade to Hawaii for a few weeks. I sure would!!!
I was confused before and now I am even more so.
Hell Yeah @FadeToBlack ...that’s worth all 57 recently dropped NOICE!!!’s with a !!!B) on top!
...also...I love the avatar of Doc on the minor league forum
I love the look. Fabulous cherry pick! Congrats!
Great transactions with oih82w8, JasonGaming, Moose1913.
As actress Mamie Van Doren said in an old 1950's movie, fantabulous!
Another key date/variety that is locked into my memory base for ever. Will always look for the cud at the rim above TED in UNITED ON 1888 IHC's. Awesome find, is that your image at the top? If so very nice, not a very drastic OD. Is the tiny piece of material on the last 8 part of the OD?
Congratulations! Knowledge pays off
That's the stuff dreams are made of...
Congrats!
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Amazing....the type of find we all dream of - and few actually do....Congratulations... Cheers, RickO
I'd call that a cherry-flip.... not a cherrypick.
HE>I
Take your profit now ... if you haven't already.
My understanding is:
It was posted on a chat board from a British collectors who knew nothing about it. #FadeToBlack identified it. #FadeToBlack then tried to get a deal done by making a strong offer for the coin. Either while trying to buy it, or after striking a deal, #FadeToBlack asked for my opinion. I offered $20,000 based on the fuzzy image.
What happened next:
FadeToBlack made the deal and once the coin was in-hand he sent a much better image. Based on that, and my certainty that it was an AU58 slam-dunk, I offered $30,000. #FadeToBlack wanted to send it in to PCGS and base the price off of what it graded. I said I would like to have it in-hand and submit it. We agreed on a structured deal starting at $25,000 and splitting the profit over that amount. That way, if it graded MS63BN, no one would feel slighted.
No one thought it wouldn't grade AU58, except the graders at PCGS. After it came back AU55+, we were disappointed. My customer was expecting an AU58 as well. I was able to make a sale anyway, but took a coin in trade at full value based on a $35,000 sale price. The cash sale price was figured as $30,000.