You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
Originally posted by: Kccoin The couple of shop owners that I frequent could care less about varieties. If they cant see it with are their old eyes, what does it matter? They are there to sell coins. These dealers, like the ones described, sound like a cherrypickers dream. Especially if they let you physically look through their stock. Chances are that if you are buying, they are making money.
To the OP, out of curiousity, when and if you find a Superbird unattributed, what would be a fair price to pay the d umb dealer for letting you cherrypick?
Anytime I come across a variety that I have cherrypicked, I hand the coin to the dealer and ask him how much he want's. This gives him another opportunity to re examine the coin and determine a price. I did exactly this when I came across the XF 1919 DDO that I found at a show. The dealer looked it over again and quoted me a price 30% less than what he marked the 2x2. He could have just as easily looked at it again and said "Wow, this looks like that new DDO that was reported in Coinworld!" and things would have been completely different. Either way, I see it as fair game.
This is a good example of the owner not having to check hours and hours for varieties/error coins. Complaining they don't have the time to check these coins. All he has to do is be aware of the variety so when checking the coin, like in this circumstance, and seeing it is a variety tell the customer what the true value is. So, before letting the coin out the door as a normal one, the owner would have the knowledge that it isn't an normal coin.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
Originally posted by: ErrorsOnCoins Joey you must be young, us old guys realize the TIME is the most valuable commodity on Earth.
If I searched for varieties, then I would not have TIME to go Kayak Fishing ......
You misunderstood my post. The post before explained that the owner was given the coin by the customer to ask what would he charge him? The owner "checked it out". At this point he only had to see the one coin, as opposed to ALL his coins! Just checking the one coin he had in question, then if he was knowledgeable of varieties/error coins, he can charge his customer the premium price. As for my age, I'm not young. Unless, you call 59 young?LOL What you said about "us old guy's time is valuable and short. I think it's the complete opposite. Young people are running to and fro constantly. Never having enough time in a day to be active. Us older guy's, after retirement esp. have all the time in the world. I remember when my father retired. He always used to say," Time has stopped for me, I don't have to rely on that pesky clock anymore!" He would say, " I'm more free to do whatever I want now. The same year I joined the forum, was the same year that time has ran out for Dad. God Bless my father.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
Originally posted by: hchcoin I have been teaching at a college for 16 years now and am considered an expert in my field having spent my whole adult life studying my subject matter. Every couple weeks a student teaches me something new and I continue to learn new things every day. Considering the new discoveries and technology in my field, it is a wonder anyone can keep up. I spend a considerable amount of time reading online just to keep up with current topics but still can't know it all.
Any teacher or professor who acts like they know it all is full of it and full of themselves. No different than doctors, police officers, lawyers or politicians who act like they know it all. Most of the time they are just covering up their insecurities by putting up a false front to save face. I would much rather associate with people and professionals that understand their limitations and go find answers when they don't know something rather that BS'ing their way through it.
I use cherrypicking to fund my modest Rolex collection.
It's illogical to me to ever let a coin be bought or sold that might be a rare VAM or some obscure variety, yet I see it all the time from both dealers that sell and collectors that I bid against.
It's often fruitless and in vain, but I have found a few varieties to make the search worth while financially.
It's educational, in that my knowledge of dates and PUP's without a CPG has grown increasingly large...
Plan to try a few large shows to test this knowledge.
The couple of shop owners that I frequent could care less about varieties. If they cant see it with are their old eyes, what does it matter? They are there to sell coins. These dealers, like the ones described, sound like a cherrypickers dream. Especially if they let you physically look through their stock. Chances are that if you are buying, they are making money.
To the OP, out of curiousity, when and if you find a Superbird unattributed, what would be a fair price to pay the d umb dealer for letting you cherrypick?
Anytime I come across a variety that I have cherrypicked, I hand the coin to the dealer and ask him how much he want's. This gives him another opportunity to re examine the coin and determine a price. I did exactly this when I came across the XF 1919 DDO that I found at a show. The dealer looked it over again and quoted me a price 30% less than what he marked the 2x2. He could have just as easily looked at it again and said "Wow, this looks like that new DDO that was reported in Coinworld!" and things would have been completely different. Either way, I see it as fair game.
Sounds fair - letting the seller set the price. As long as he is happy.
Joeykoins, here is another problem with dealers variety hunting what they buy other than time. It's called the customer, and most customers that are interested in varieties want to find those said varieties on their own and do not want to pay a premium for the variety. That being the case it is easier just to sell it as a non-variety and get their money back out of the coin so they can move their money to something else. There are way fewer variety hunters out there compared to the actual size of the coin collecting community. That being said, who would you prefer to sell your coins to if you were a dealer? Your best chances are with the collector, not the cherry picker. Yes there is money in selling varieties but when it comes down to it, it is just not worth the time to search for a needle in a haystack when it typically is only going to pay out a small amount and is generally going to make the material sit longer than it should. Most dealers I know like to move material and not be a museum. If your material sits for too long you will fail. If you find an unattributed variety from a dealers shop or bourse table, then good for you, but understand that the dealer is also happy to have sold the coin as well, and that is all that is needed.
Originally posted by: morgandollar1878 Joeykoins, here is another problem with dealers variety hunting what they buy other than time. It's called the customer, and most customers that are interested in varieties want to find those said varieties on their own and do not want to pay a premium for the variety. That being the case it is easier just to sell it as a non-variety and get their money back out of the coin so they can move their money to something else. There are way fewer variety hunters out there compared to the actual size of the coin collecting community. That being said, who would you prefer to sell your coins to if you were a dealer? Your best chances are with the collector, not the cherry picker. Yes there is money in selling varieties but when it comes down to it, it is just not worth the time to search for a needle in a haystack when it typically is only going to pay out a small amount and is generally going to make the material sit longer than it should. Most dealers I know like to move material and not be a museum. If your material sits for too long you will fail. If you find an unattributed variety from a dealers shop or bourse table, then good for you, but understand that the dealer is also happy to have sold the coin as well, and that is all that is needed.
And this leads to harmony in our cherrypicking universe.. Everyone is happy..
The minor variety market has always struck me as an illusion created by collectors who don't have enough money to play in the major leagues. The minor varieties can be fun to search for but most appeal to a market of cheapskates who only "make their own".
I just want members to read your opinion again. Shame on you. Fads come and go. I doubt you were alive when numismatists were scrambling around for "BIE" Lincolns.
In the future, as more and more research comes out on every coin series and as prices continue to rise ($40 for a low grade flying eagle - yikes!); the only thing left for many LESS FORTUNATE collectors than you will be "flyspeck varieties" on cheap coins.
Originally posted by: joeykoins I've been thinking about how many times I go into a new coin shop, getting to know the owner and later in time I find out he doesn't have a clue on some well known varieties/errors! I would be cherrypicking and he would ask, "what exactly are you looking for?" He would tell me I don't mind you looking but show or teach me about these special coins. I don't understand how a coin dealer can open a business and without a clue knowing the basics of these varieties/error coins. Shouldn't they do their homework? I know it's their preference but still? They are letting extra money leave the store without even knowing! Oh well, to each his own I guess?
I've been self-employed my entire working life and one of the most surprising things I learned is that it doesn't matter what profession it is, a very good percentage of these businessmen don't know what the heck they're doing in business (the OP's example) , another good percentage knows what they're doing but they really don't care and just go through the motions of everyday work. It is only the very few that are truly wise about their profession, work hard and care about their product and service.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
In the past, I have made a lot of money selling minor error coins / varieties.
It does take time.
The way I did it was to buy a box of 50 rolls of any denomination all of the same date / mintmak. Start searching and If you find a big enough error to get a great photo of, well then, BINGO! Every roll in that box will have the same error and you really only need to photo it once as long as you disclose it is a stock photo. This method is not that TIME consuming. I could never images buying a mixed box and search every coin with with a loupe, that would drive me nuts. I am almost there now.
Congrats. on the profit of your varieties/errors! About you going nuts. That's funny. Some of my previous jobs drove me nuts as well. But, in saying that, despite being driven to insanity(well maybe not that bad) I made a comfortable living through those tough and crazy times. Sure, it took a lot of work and patience and like you said," driving you nuts", I made a lot of money for me and my family. I didn't enjoy that past job but I persisted in doing it! Then, at the end of the week in my paycheck it paid off. I admit cherrypicking does take time but one that works hard in the field will get rewarded in their produced fruits. My 2 cents.-joey
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
Comments
The couple of shop owners that I frequent could care less about varieties. If they cant see it with are their old eyes, what does it matter? They are there to sell coins. These dealers, like the ones described, sound like a cherrypickers dream. Especially if they let you physically look through their stock. Chances are that if you are buying, they are making money.
To the OP, out of curiousity, when and if you find a Superbird unattributed, what would be a fair price to pay the d umb dealer for letting you cherrypick?
Anytime I come across a variety that I have cherrypicked, I hand the coin to the dealer and ask him how much he want's. This gives him another opportunity to re examine the coin and determine a price. I did exactly this when I came across the XF 1919 DDO that I found at a show. The dealer looked it over again and quoted me a price 30% less than what he marked the 2x2. He could have just as easily looked at it again and said "Wow, this looks like that new DDO that was reported in Coinworld!" and things would have been completely different. Either way, I see it as fair game.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.If I searched for varieties, then I would not have TIME to go Kayak Fishing ......
Joey you must be young, us old guys realize the TIME is the most valuable commodity on Earth.
If I searched for varieties, then I would not have TIME to go Kayak Fishing ......
You misunderstood my post. The post before explained that the owner was given the coin by the customer to ask what would he charge him? The owner "checked it out". At this point he only had to see the one coin, as opposed to ALL his coins! Just checking the one coin he had in question, then if he was knowledgeable of varieties/error coins, he can charge his customer the premium price.
As for my age, I'm not young. Unless, you call 59 young?LOL What you said about "us old guy's time is valuable and short. I think it's the complete opposite. Young people are running to and fro constantly. Never having enough time in a day to be active. Us older guy's, after retirement esp. have all the time in the world. I remember when my father retired. He always used to say," Time has stopped for me, I don't have to rely on that pesky clock anymore!" He would say, " I'm more free to do whatever I want now. The same year I joined the forum, was the same year that time has ran out for Dad. God Bless my father.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I have been teaching at a college for 16 years now and am considered an expert in my field having spent my whole adult life studying my subject matter. Every couple weeks a student teaches me something new and I continue to learn new things every day. Considering the new discoveries and technology in my field, it is a wonder anyone can keep up. I spend a considerable amount of time reading online just to keep up with current topics but still can't know it all.
Any teacher or professor who acts like they know it all is full of it and full of themselves. No different than doctors, police officers, lawyers or politicians who act like they know it all. Most of the time they are just covering up their insecurities by putting up a false front to save face. I would much rather associate with people and professionals that understand their limitations and go find answers when they don't know something rather that BS'ing their way through it.
Well said!
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It's illogical to me to ever let a coin be bought or sold that might be a rare VAM or some obscure variety, yet I see it all the time from both dealers that sell and collectors that I bid against.
It's often fruitless and in vain, but I have found a few varieties to make the search worth while financially.
It's educational, in that my knowledge of dates and PUP's without a CPG has grown increasingly large...
Plan to try a few large shows to test this knowledge.
``https://ebay.us/m/KxolR5
The couple of shop owners that I frequent could care less about varieties. If they cant see it with are their old eyes, what does it matter? They are there to sell coins. These dealers, like the ones described, sound like a cherrypickers dream. Especially if they let you physically look through their stock. Chances are that if you are buying, they are making money.
To the OP, out of curiousity, when and if you find a Superbird unattributed, what would be a fair price to pay the d umb dealer for letting you cherrypick?
Anytime I come across a variety that I have cherrypicked, I hand the coin to the dealer and ask him how much he want's. This gives him another opportunity to re examine the coin and determine a price. I did exactly this when I came across the XF 1919 DDO that I found at a show. The dealer looked it over again and quoted me a price 30% less than what he marked the 2x2. He could have just as easily looked at it again and said "Wow, this looks like that new DDO that was reported in Coinworld!" and things would have been completely different. Either way, I see it as fair game.
Sounds fair - letting the seller set the price. As long as he is happy.
Joeykoins, here is another problem with dealers variety hunting what they buy other than time. It's called the customer, and most customers that are interested in varieties want to find those said varieties on their own and do not want to pay a premium for the variety. That being the case it is easier just to sell it as a non-variety and get their money back out of the coin so they can move their money to something else. There are way fewer variety hunters out there compared to the actual size of the coin collecting community. That being said, who would you prefer to sell your coins to if you were a dealer? Your best chances are with the collector, not the cherry picker. Yes there is money in selling varieties but when it comes down to it, it is just not worth the time to search for a needle in a haystack when it typically is only going to pay out a small amount and is generally going to make the material sit longer than it should. Most dealers I know like to move material and not be a museum. If your material sits for too long you will fail. If you find an unattributed variety from a dealers shop or bourse table, then good for you, but understand that the dealer is also happy to have sold the coin as well, and that is all that is needed.
And this leads to harmony in our cherrypicking universe.. Everyone is happy..
My thoughts exactly!
The minor variety market has always struck me as an illusion created by collectors who don't have enough money to play in the major leagues. The minor varieties can be fun to search for but most appeal to a market of cheapskates who only "make their own".
I just want members to read your opinion again. Shame on you. Fads come and go. I doubt you were alive when numismatists were scrambling around for "BIE" Lincolns.
In the future, as more and more research comes out on every coin series and as prices continue to rise ($40 for a low grade flying eagle - yikes!); the only thing left for many LESS FORTUNATE collectors than you will be "flyspeck varieties" on cheap coins.
I've been thinking about how many times I go into a new coin shop, getting to know the owner and later in time I find out he doesn't have a clue on some well known varieties/errors! I would be cherrypicking and he would ask, "what exactly are you looking for?" He would tell me I don't mind you looking but show or teach me about these special coins. I don't understand how a coin dealer can open a business and without a clue knowing the basics of these varieties/error coins. Shouldn't they do their homework? I know it's their preference but still? They are letting extra money leave the store without even knowing! Oh well, to each his own I guess?
I've been self-employed my entire working life and one of the most surprising things I learned is that it doesn't matter what profession it is, a very good percentage of these businessmen don't know what the heck they're doing in business (the OP's example) , another good percentage knows what they're doing but they really don't care and just go through the motions of everyday work. It is only the very few that are truly wise about their profession, work hard and care about their product and service.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
It does take time.
The way I did it was to buy a box of 50 rolls of any denomination all of the same date / mintmak. Start searching and If you find a big enough error to get a great photo of, well then, BINGO! Every roll in that box will have the same error and you really only need to photo it once as long as you disclose it is a stock photo. This method is not that TIME consuming. I could never images buying a mixed box and search every coin with with a loupe, that would drive me nuts. I am almost there now.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.