Do Dealers at Shows Cherry Pick Before Selling?

TheRock

I guess what I mean is. If a dealer were to come across muliple sets of original DCAM's still in the Mint cases or holders, wouldn't you think that they would pull these out for themselves before trying to sell them at a show? An example was today I went to a local show and purchased as normal (12) 1999 Original Proof SBA's. I must have looked at over 75. These are not to hard to get, since there are no varieties of the 1999. However, it is very rare that I have ever come across a 79 T-2 or 81 T-2 still in the original case. I have only seen them broken out already and put into plastic holders. Some could grade PF69 but never a PF70.

Are they cherry picked before going to shows? Or am I just looking in the wrongs places? Buying these bad boys at 1K a piece is getting old.

Bootleg

I can say from me buying a dealers personal collection and now trying to unload them,and also keep in mind I am a collector that I really didnt care about the $$$$$$ of a certin coin or year,just as long as I made what I paid with atleast a small profit to pay fee's "ee---bayz".....
But there are the cherry pickers and plain out rip off's,so just watch out!

little tip----check your local paper for estate sales in the selling ad's go check some out!,imagine spending 100 bucks for 30 grand worth of coins!!!!!!...........

but since im a newbie here dont take my opinion to heart....lol...

just use common sense!.....

and yes i would suspect afew bad apple dealers out there to do what you have said.....

cladking

It depends. Many dealers pay no attention to these coins and just want to wholesale
them out at the best possible price. Most know that it's easy to get a premium for nice
original sets. Others will cherry pick but most collectors and dealers will leave something
behind. There will be varieties they aren't familiar with or gems they don't see. Even well
known varieties like small date '70-S cents can be found since some people use different
pick-up points that don't show up on all examples. The '81 t II's are frequently overlooked
or they forget that the cent has a huge premium. If someone is just looking for startling
gems they could easily go right by the finest known of coins that don't come nice.

Old dealer stock usually is picked fairly clean but many dealers turn this over pretty quickly.

TheRock

Thanks for the information. I was looking at EBAY tonight on the 99's in the original boxes and found that the normal price you pay at shows was around $18-20.00 There are a ton of these on EBAY selling for $10-15.00 plus shipping for a total of $20.00. I was wondering if just buying these on a continual basis for the same cost as what I would pay for them from a dealer was a good idea. If they look bad when I get them, just put them back on EBAY and sell them for the same price. Bound to get one sooner or later that would grade 69 or 70. Thoughts?

TheRock

Cladking, that is great information to know. I guess I'll just keep plugging away at it.