Cherry Pickers Remorse . . . Is there such a thing?
clarke442
Posts: 615 ✭✭✭✭✭
I am just wondering how others feel when they pull off a very big "Cherry Pick".
Mine was was from an eBay auction for a TPG sports card.
(I am asking in the coin forum because the term seems to be more coin prevalent).
The card was not recognized as a rare "Variation" of the standard card company.
Nobody else noticed this and my winning bid was very low compared to what it is really worth.
I doubt the seller knew what they actually had, and I feel bad that I want to brag about it.
I feel this little "confession" will help me feel better.
Thanks
2
Comments
No remorse whatsoever. It's your reward for learning and knowing your material. Enjoy!
I don't think you should feel guilty about it, it was an open auction and very easily could have gone the other way. At the same time, the seller should know what they are selling and list it as such.
Collector, occasional seller
If you feel so bad, send the seller a bonus check....That should make you feel better. Cheers, RickO
no need to feel bad but no need to brag either. If you buy and sell long enough it will go both ways. Take your wins and losses together and try to learn from both.
Knowledge is king.
I sleep well at night. Thats because the seller got his price, and I got rewarded for the hours of study, books bought and read, photo references I have compiled etc.
WS
My view on cherrypicking from another thread:
https://forums.collectors.com/discussion/comment/12657485#Comment_12657485
Yes, sometimes people do feel remorse, but that is because they undervalue their time and hard-earned expertise, in my opinion.
You're the only one who did the research to identify the variety, so I'd feel bad for you if you didn't win it! As @WaterSport said, the seller got his price - it is no loss to him, because he didn't buy it as a rare variety. The only injury to the seller is a psychological one if you brag to him about your cherrypick, so whatever you do, don't do that!
It will pass. Enjoy the card. FWIW
I have never felt remorse.
As others have said, it is a reward for my study, work and time.
In some cases, I had such a dislike for the dealer(s) that I picked that I felt quite the opposite of remorse.
I feel just as bad as I do when I win a huge pile of chips playing poker.
For most of us, cherry picking is a rare treat, and because it’s done on open forums with people who deal/trade in what’s being picked, the playing field is level.
In an auction format, there are ways for sellers to protect themselves from bids they believe are too low. You bid above that protection level and both of you won.
Cherry picking is great and a win/win. Taking advantage of someone is different and not what occurred in your case.
I hope you make a ton of money off your find, or that it’s the jewel of your collection if you keep it.
Don’t rip people off and don’t brag (too much). So far, you’re A-OK.
Enjoy it.
I once bid on a card I had misread as being the Glossy variation of 1987 Fleer, but once I received it in hand, I realized I made a mistake (it was the regular version). Do you think the seller is going to have an ounce of compassion over that? At that time, the Glossy version was not that much more expensive, so that added to the oversight. Luckily, this was not a high dollar card nor was there much overpayment since I just bid above the second person and the bidding war never really materialized.
Now with the 80s baseball card surge in prices, what I paid is an afterthought.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
IMO, not if you are good at it.
Don't feel guilty ... I would have done the same thing!
I would contact this person immediately and ask if they had any other pieces for sale.
Agree. Don't forget that the $1000 coin that the dealer sold to you for $100 was probably bought by the dealer from someone else for less that $50.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The only remorse I have had cherry-picking was when I got the coin in-hand...it wasn't what I thought it was.
You are taking a chance when you roll the dice.
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Many years ago I was in an antique shop. There was a sports related item that caught my eye. The price was $47.50. I was not convinced of it's authenticity. So I asked if there was any wiggle room. No, the seller was firm on the price. I took the chance and made the purchase. I contacted some local expert friends to get their valued opinion. None would commit one way or the other. Could or could not be authentic. Fast forward a few months. A national dealer was coming through my town buying sports memorabilia. I offered the piece. He could not determine it's authenticity either, but said would take a chance, as I had done. So I accepted the $1000.00 offer. No buyers remorse for me whatsoever. The seller was firm in his price. I paid it. The buyer from me made an offer he was comfortable with given the authentic uncertainty of the item. So all wound up happy with each getting what they wanted.
until you have it in hand, you are not 100% sure
if it is worth many multiples of what you paid, you could always send them more or buy more of their stuff
There was once a gun collection conducted by the police in some city some years ago. Residents were encouraged to turn in firearms in exchange for popular retail gift cards (I think Target was one of them). People who had firearms they did not want probably participated in this event, not collectors or active hunters who have no reason to part with any of it. Sometimes a relative moves and leaves behind a bunch of stuff that they do not want anymore, so you get stuck with a bunch of items and off load it when opportunity arises.
One widow wanted to get rid of some of her husbands guns since he had passed and there was no use for them apparently. The police came to her house to pick up what she had. Low and behold, one gun was a rare German WWII machine gun. She did not know what she had. Her husband was a WWII veteran and that gun was brought back as a souvenir most likely. The two cops would not take the gun as one of them recognized it. He advised the lady to just sell it properly. I am not certain what happened later, but I am sure the cop simply gave some guidance to the lady to ensure the gun goes to a collector and she gets the tens of thousands it was worth. Good call by the cop. The point of the gun collection was not to profit off of residents, so he made the right call.
The case of the OP was different. This was a public sale with many potential buyers looking. Not one saw what he saw. The seller was not coerced in any way to be selling in the first place. He could have been easily outbid at auction by any other collector. Your knowledge is what served you. There was no misrepresentation on your part.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
Don’t do what some people on this board do and come on here and brag, almost lose the deal and then go threaten to get lawyers involved if the other party doesn’t follow through with getting ripped off all while being semi-Hysterical about it.
That’s the type of behavior that shows people you’re fundamentally a punk deep down. Maybe #errorsoncoins will chime in
11.5$ Southern Dollars, The little “Big Easy” set
I sleep well at night, and so should you. I buy the coins I cherrypick at the prices the dealer asks for them. It would have sold to someone else for the same price.
In the past, I have let dealers know what I've found, and the typical response was either to say something about not liking varieties and selling it to me for the asking price anyway, or they put a wild markup on it that eliminates any profit then hand it back. This is why I no longer tell dealers I don't know what they have.
I do have dealers I am good friends with, and when I find something good in their inventory I let them know. It usually ends with the dealer selling it to me with a slight markup (but still a good deal), selling it at the price on the holder, or an offer to split the profits with me if I'll handle the sale.
I have seen a dealer many times say something along the lines of "You can buy it for that price, but as soon as you walk out that door, the price goes up." Dealers, even those who know what they have, misprice stuff all the time. If the stickers are right 99.8% of the time, that is still 1 in 500 coins priced wrong, and there for the picking.
Trying to steal an already sold a coin (trying to break a contract) from a seller by offing more is the most unethical thing I have ever seen on this forum and yes that is directing at you. So unethical and so wrong.
You thought you were being a shark by trying to steal my coin, dude sharks fear me.
you are only experiencing guilt because the high and mighty crowd that confuse cherry picking with stealing want you to feel guilt.
Just consider yourself to be an antiques hunter who just made a big score and your guilt will disappear.
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I wouldn’t feel any remorse. The dealer had his/her time to research anything they wanted on the item of any more value before putting it out for sale at that price. Their loss your gain.
Collector
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Enjoy it. Just don't rub it in.
I don’t know what you’re are talking about, I don’t collect the junk you peddle. And no one fears you.
11.5$ Southern Dollars, The little “Big Easy” set
Agree. Don't forget that the $1000 coin that the dealer sold to you for $100 was probably bought by the dealer from someone else for less that $50.
Another possibility is that the dealer paid $500 or more and an employee mistakenly priced the item at $100.
I like my local B&M dealer too much to knowingly pay 1/10 of going price for such an expensive item as a $1000 coin.
Whoever is careless with the truth in small matters cannot be trusted with important matters.