If you made a coin variety discovery

Onedollarnohollar · January 1, 2017 12:28PM

If you made a coin variety discovery would you share it or try to corner the market? I know the discoverer of the 2008W reverse of 2007 silver eagles passed the test to name one great discovery that was shared. I know that the temptation would be challenging to sit on a hoard that has great monetary value and to keep most of the riches to yourself. However, what's the value to you as a fellow collector to be known as the discoverer of a variety and to have generously shared that information for other collectors to also enjoy searching out and to benefit financially from? Is there an unwritten code among collectors that comes into play here? What would you do? Hmmm?

ctf_error_coins · January 1, 2017 12:36PM

At some point it has to be "promoted"

davewesen · January 1, 2017 12:36PM

You do not get any extra 'riches' until the variety gets exposed and you may also search for years before finding any more. I would guess braddick would probably wished he would accumulated quite a few cheerios dollars for 5-10 years before revealing pattern/variety...

joeykoins · January 1, 2017 1:13PM

Good question. Yes, If I would discover a potential variety that you know for sure that would start on fire, sorry, but I would certainly accumulate a bunch, not a hoard, but quite a few before I would let the " cat out of the bag", so to speak. After all, one should be rewarded more than most for discovering that coin, right? Can you imagine the one that first discovered the " Three-legged Buffalo"? Wow! To have a roll of those babies.-joey
One More Thing... Think of it. If know one knows but you, you can Cherrypick the Cherrypickers!

291fifth · January 1, 2017 1:23PM

Publish, Promote, Pump, Dump.

LanceNewmanOCC · January 1, 2017 1:41PM

.
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CascadeChris · January 1, 2017 2:00PM

I'm a VAMmer. We typically share all of our discoveries. Here's one of my discoveries John Roberts recently did a Coin World write-up on...

http://www.coinworld.com/news/us-coins/2016/10/1879-S-morgan-dollar-interesting-acquisition.all.html

Jackthecat1 · January 1, 2017 2:12PM

I would share it immediately. I am a collector, not a speculator.

drwstr123 · January 1, 2017 2:18PM

There's no sense in not sharing the discovery.
(1925 DDO Lincoln Cent)

oih82w8 · January 1, 2017 2:43PM

Some varieties catch fire and stay lit for a long time...others fizzle out real fast. I would share the discovery information.

I have, what I thought were, made a few variety discoveries, but no one seemed to care that I talked to..."too minor" for inclusion. One "specialist" even asked me if I would pay a premium for such a coin? I said yes, he replied back, you don't have to...you already have it, enjoy it.

fcloud · January 1, 2017 3:03PM

I have discovered two Mercury dime varieties and from my point of view I would rather be listed as the discoverer than hold out looking for more. Get them out there or someone else will find and discover it anyway. Mine were both pretty minor a 1939 ddo 3-O-VI, and a 1945-S/S RPM-005, but none-the-less it was nice finding something...

rmpsrpms · January 1, 2017 4:23PM

I always send in my discoveries for attribution and listing. It's pretty cool to get credit for a new discovery. I've only had one discovery where I found enough of a variety to make any $ off of it.

EagleEye · January 1, 2017 4:38PM

It is always better to share the information. If you are lucky enough to be able to find additional examples, then go for it. When the Wisconsin Extra leaf quarters were discovered, there was a brief window where the discoverer could have found more. But his payday came by announcing the find and getting credit. The coins he found went for over $500 each, mainly because they were identified as "Bob Ford" discovery sets.

DIMEMAN · January 1, 2017 5:18PM

@fcloud said:
I have discovered two Mercury dime varieties and from my point of view I would rather be listed as the discoverer than hold out looking for more. Get them out there or someone else will find and discover it anyway. Mine were both pretty minor a 1939 ddo 3-O-VI, and a 1945-S/S RPM-005, but none-the-less it was nice finding something...

I'm with Tony here. I want to get them in CONECA and into the PCGS sets.

PocketArt · January 1, 2017 6:12PM

It's best to share your discovery, get others looking, involved, and have fun with it! As a collector; the enjoyment of seeing others have fun in this hobby is worth much more than any short lived monetary gain. Developing interest, and excitement has a reciprocal effect, and is necessary for the growth, and development of this hobby. Also, there is a thing called "coin karma." Sooner, or, later it happens- both good / bad.

jtlee321 · January 1, 2017 8:03PM

Sharing is the best thing. If it's a new variety on an old series, then the likely hood of finding a whole bunch is pretty slim. If it's a new variety on newly released coin, then finding more will be easier as you are near the source of them. So sharing it won't hurt your chances of acquiring more.

Sharing your discovery does nothing but promote the discovery and increases it's chances of becoming an interesting and collectible variety. It's a win win for you to share. Plus you get to be noted as the discoverer and your name goes down in history.

astrorat · January 1, 2017 8:37PM

Share the information. That was the philosophy behind John and I publishing our book on the internet with free access to all.

CaptHenway · January 1, 2017 9:11PM

@davewesen said:
You do not get any extra 'riches' until the variety gets exposed and you may also search for years before finding any more. I would guess braddick would probably wished he would accumulated quite a few cheerios dollars for 5-10 years before revealing pattern/variety...

He only knew to look at the reverse (which you could not see in the original Cheerios cardboard packet) because I had already published a report of a tail feather variety after seeing one of the prototype coins at a press conference in October of 1999. When the regular issue came out, I noticed the change and wrote about it.

TD

CaptHenway · January 1, 2017 9:15PM

Long ago there used to be somebody who published a classified ad in Coin World every week wanting to buy "1942 Double-Tailed 4 Dimes." Obviously he had figured out that it was an overdate similar to the 1942/41-P, and wanted to buy up as many as he could before the overdate got recognized by the hobby.

Conversely, I found a specimen of the second variety of the 1944-D/S cent that I knew was different than the known variety, but waited to see if I could find a second specimen to confirm that it was a true D/S before reporting it. In the meantime, somebody else did.

TD

davewesen · January 2, 2017 3:12AM

@CaptHenway said:

@davewesen said:
You do not get any extra 'riches' until the variety gets exposed and you may also search for years before finding any more. I would guess braddick would probably wished he would accumulated quite a few cheerios dollars for 5-10 years before revealing pattern/variety...

He only knew to look at the reverse (which you could not see in the original Cheerios cardboard packet) because I had already published a report of a tail feather variety after seeing one of the prototype coins at a press conference in October of 1999. When the regular issue came out, I noticed the change and wrote about it.

TD

wow, you missed out - or did you?

CaptHenway · January 2, 2017 6:25AM

@davewesen said:

@CaptHenway said:

@davewesen said:
You do not get any extra 'riches' until the variety gets exposed and you may also search for years before finding any more. I would guess braddick would probably wished he would accumulated quite a few cheerios dollars for 5-10 years before revealing pattern/variety...

He only knew to look at the reverse (which you could not see in the original Cheerios cardboard packet) because I had already published a report of a tail feather variety after seeing one of the prototype coins at a press conference in October of 1999. When the regular issue came out, I noticed the change and wrote about it.

TD

wow, you missed out - or did you?

Well, there were no free samples at the press conference. I got to look at one and hand it back to the Mint rep. Then when I saw the regular ones about three months later I had to work from memory and report what I had seen. Of course the Mint denied that any change had been made.

ricko · January 2, 2017 7:03AM

If I were to find a new variety, I would report it. I am not in the hobby for profit. It would be nice to be noted as the 'discovery person' of a significant variety. Cheers, RickO

koynekwest · January 3, 2017 12:58AM

I've always reported anything I've discovered to CONECA with little or no delay.

TwoSides2aCoin · January 3, 2017 2:31PM

I would post it here , only to have it refuted.

If you made a coin variety discovery

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