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Interesting conversation at the coin auction tonite...

FC57CoinsFC57Coins Posts: 9,140 ✭
in U.S. Coin Forum
I went to our coin auction tonite and was chewing the fat with some of the dealers that go to this auction and the topic got around to cherrypicking... Well you would've thought that someone had blastphemed someone's mother. All of the sudden two or three dealers started say how they hate for people to sit at their tables (at coin shows) and cherrypick their stock when they know that they're only going to buy one or two of the choicest pieces. Another one chimed in and said that when this happens, he'll charge twice as much as he would normally charge because he had just been cherrypicked. It seems to me that if you take stock to a show and put it out that you have at least looked at your inventory and decided if there was anything of interest to you - now - if there isn't, then what harm is there in having collectors go through some of your material, as long as it's done in a non-obtrusive manner...

Your comments please image

Comments

  • kieferscoinskieferscoins Posts: 10,017 ✭
    image

    They must have been cherrypicked to death and hate the feeling that collectors know more then themimage

    Ccameron Kiefer
  • morgannut2morgannut2 Posts: 4,293 ✭
    Please advise of their table numbers if at Baltimore this week! I'll bring a greasy hamburger to their tables as I "looK"!!image
    morgannut2
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    I agree with you, Frank. When you go to buy a shirt, do you take whatever the salesperson hands you? The best argument is that if they really know what they were doing, they would cherrypick themselves and sell the choice coins for a premium.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • solidsolid Posts: 2,975
    Let me get this straight...I will get a better deal if I ask the dealer to
    just pick out a coin for me, instead of selecting one myself??? image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    image


    Live by the sword, die by the sword


    Tom

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • FC57CoinsFC57Coins Posts: 9,140 ✭
    Well - those were my thoughts exactly - in addition, I would think that if a dealer has a proofset in their stock that maybe has a DCAM 1971S half that they didn't pick out, logic would tell you that they didn't pay a whole lot for it. Now, certainly I wouldn't rub their faces in it - but it would seem that picking the nicest coin or set out of the bunch does not seem unreasonable.
  • rheddenrhedden Posts: 6,626 ✭✭✭✭✭
    If I were sitting behind the table, I know those dealers wouldn't walk up and buy 100 random coins from me. They'd pick 1 or 2 that they thought they could flip for a quick score. Isn't that cherrypicking? So as far as I'm concerned, cherrypick them all day long. Everyone does it, dealers included. It's in your best interests to pick the best possible coins for the money, and it's part of the game.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I would think that if a dealer has a proofset in their stock that maybe has a DCAM 1971S half that they didn't pick out, logic would tell you that they didn't pay a whole lot for it. >>



    Yep, they want to have it both ways. This stuff comes through the door cheap, but they get all hot and bothered when a collector wants to select their own sets instead of just buying whatever the dealer hands them.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • DHeathDHeath Posts: 8,472 ✭✭✭
    Geez, half the time I spend in the local shops I usually spend pointing out the PQ stuff to the dealers if they're buddies, while I look for what I want. They help me, and I hope I help them. It has to work for everybody.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭
    Should ask the dealers if and when they last bought a car they just looked at it from a picture in a book and bought it. We all buy things without checking to see if it is just right for US.

    imageimage
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Whew, I'm so glad I never cherrypick anything!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • kieferscoinskieferscoins Posts: 10,017 ✭
    image

    Cameron Kiefer
  • NewkidNewkid Posts: 312


    << <i>I went to our coin auction tonite and was chewing the fat with some of the dealers that go to this auction and the topic got around to cherrypicking... Well you would've thought that someone had blastphemed someone's mother. All of the sudden two or three dealers started say how they hate for people to sit at their tables (at coin shows) and cherrypick their stock when they know that they're only going to buy one or two of the choicest pieces. Another one chimed in and said that when this happens, he'll charge twice as much as he would normally charge because he had just been cherrypicked. It seems to me that if you take stock to a show and put it out that you have at least looked at your inventory and decided if there was anything of interest to you - now - if there isn't, then what harm is there in having collectors go through some of your material, as long as it's done in a non-obtrusive manner... Translation: those dealers are so greedy that even the thought of loosing one red cent would turn them inside out. And if the truth be known, 90% of thier inventory was cherrypicked by someone else.
    PCGS,NGC & ANACS certified toned Morgan dollar dealer.
    image
  • ccrccr Posts: 2,446
    I would think like any other shrewd business person that they`ll be glad to take my money. One persons money is money in your pocket.

    A side story but, to make my point. My brother and I went to his insurence agent to renew his car insurence. The owner, who was a distant relative and knew us, was there. His policy was a couple of days or so past the grace period. We where dealing with his secratary and told my brother that he had to fill out these and those kind of papers to get reinstated; had to jump through a bunch a hoops to get reinstated. When the owner heard that, he stood up real quick and with a big smile and said, " Sure we`ll take you`re money! " imageimage He took the policy, filled it up, back dated it, and everything was fine and dandy. image

    So basically, if someone is willing to give you money for what you`re selling, take it. Otherwise, why bother selling in the first place.
  • Coin FinderCoin Finder Posts: 7,162 ✭✭✭✭✭
    FC I agree if a dealer will not take the time to go though his or her own stock and price it accordingly it is all fair game.

    Tbig
  • foodudefoodude Posts: 3,568 ✭✭✭
    Whew, I'm so glad I never cherrypick anything!!!

    When Marty comes to my table I lock up and take a break, or send him out to get coffee or somethingimage
    Greg Allen Coins, LLC Show Schedule: https://forums.collectors.com/discussion/573044/our-show-schedule-updated-10-2-16 Authorized dealer for NGC, PCGS, CAC, and QA. Member of PNG, RTT (Founding Platinum Member), FUN, MSNS, and NCBA (formerly ICTA); Life Member of ANA and CSNS. NCBA Board member. "GA3" on CCE.
  • BearBear Posts: 18,953 ✭✭✭
    If I was a dealer, I wouldnt sell nutten.

    I would keep everything for myself.image
    There once was a place called
    Camelotimage
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>If I was a dealer, I wouldnt sell nutten.

    I would keep everything for myself.image >>






    Ahh yes but then we wouldn't be dealers.


    It's da life we chooseimage

    Tom

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • foodudefoodude Posts: 3,568 ✭✭✭
    If I was a dealer, I wouldnt sell nutten.

    I've seen that happen to a few dealers at show, but I don't think keeping everything for themselves is thier strategyimage
    Greg Allen Coins, LLC Show Schedule: https://forums.collectors.com/discussion/573044/our-show-schedule-updated-10-2-16 Authorized dealer for NGC, PCGS, CAC, and QA. Member of PNG, RTT (Founding Platinum Member), FUN, MSNS, and NCBA (formerly ICTA); Life Member of ANA and CSNS. NCBA Board member. "GA3" on CCE.
  • UncleWigglyUncleWiggly Posts: 2,467
    I don't understand any of this.

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