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Do you ever tell the dealer that you cherry picked?

jmj3esqjmj3esq Posts: 5,421 ✭
in U.S. Coin Forum
I just wanted to poll you guys and gals as to whether or not you ever tell a dealer after you made a huge profit or cherry pick off of a coin they sold you. I see people getting the "you suck" award all the time and wonder if they ever go back and tell the person the bought it from about it.

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    PerryHallPerryHall Posts: 47,542 ✭✭✭✭✭
    Not a good idea. What he don't know won't hurt you.

    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

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    bushmaster8bushmaster8 Posts: 5,616 ✭
    Generally not a good idea, but I often can't stop myself.image
    "Wars are really ugly! They're dirty
    and they're cold.
    I don't want nobody to shoot me in the foxhole."
    Mary






    Best Franklin Website
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭
    I see no good that can come of doing that. You might generate ill will and even worse, be denied future access to cherries.
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    jmj3esqjmj3esq Posts: 5,421 ✭
    I had a situation where I could not help myself. It kinda bit me though. Luckily it was just a shop employee and not the actual dealer. the dealer does not know me. After I told the employee he started to look over the coins I was buying real good as he rung them up. Its not my fault, they should know what they are selling, right?
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    291fifth291fifth Posts: 25,189 ✭✭✭✭✭
    A very bad idea.
    All glory is fleeting.
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    airplanenutairplanenut Posts: 22,708 ✭✭✭✭✭
    No because:

    -I don't want him to hold a grudge
    -I want to cherrypick him again image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
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    messydeskmessydesk Posts: 20,751 ✭✭✭✭✭
    If the dealer is nice enough to let me look through all their stuff and asks if I got anything good after completing the sale, I'll enlighten them. If they don't ask, I don't tell.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
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    koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    Nope.
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    pharmerpharmer Posts: 8,355 ✭
    No. It's mean spirited.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
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    WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    No, what good could possibly come of it?

    Information is valuable.


    Steve
    Good for you.
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    mr1931Smr1931S Posts: 7,033 ✭✭✭✭✭
    1.Telling is not advised. It's considered bad form and seeing many cherry pits is in your future.
    2.Memorize the Cherry Picker guide. Looking things up while at dealer's table serves only to annoy said dealer.
    3.Ask if you can borrow the dealer's loupe. This qualifies as advanced cherry picking technique.
    4.Return the loupe to the dealer and thank for allowing you to use.
    5. Make at least a modest purchase from the dealer even if no cherry was to be found.

    If a picture wasn't going very well I'd put a puppy dog in it, always a mongrel, you know, never one of the full bred puppies. And then I'd put a bandage on its foot... I liked it when I did it, but now I'm sick of it.
    Norman Rockwell

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    JcarneyJcarney Posts: 3,154 ✭


    << <i>3.Ask if you can borrow the dealer's loupe. This qualifies as advanced cherry picking technique. >>



    image
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    no need to tell him, he already knows!!
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Never tell... however, I have gone back and purchased other coins from the same dealer that I might have purchased elsewhere or had only a passing interest in acquiring. Just a 'mild' payback. It builds good will and perhaps another opportunity. Cheers, RickO
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    seanqseanq Posts: 8,820 ✭✭✭✭✭


    << <i>3.Ask if you can borrow the dealer's loupe. This qualifies as advanced cherry picking technique. >>



    Bonus points if you throw in the off-hand comment, "Obviously you're not using it."

    ... and to the original question, no, you don't tell, even if they ask. Unless you hate the guy and/or enjoy the smell of burning bridges.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
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    mcmximcmxi Posts: 890 ✭
    I go to my local dealer where I have a deal. I go through his stuff looking for varieties(even though I'm new at it) and if I find something he gives me 50% of any extra it sells for. This way I can get practice we Both make some money and there is never a hesitation for him to let me look. He also lets me use his loupe.
    If I was half as smart as I am dumb Iwould be a genious
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    DennisHDennisH Posts: 14,040 ✭✭✭✭✭
    Never.
    When in doubt, don't.
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    MadMartyMadMarty Posts: 16,697 ✭✭✭
    No I have never cherrypicked a dealer... and I have really never cherrypicked LongTimeCollector!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

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    DennisHDennisH Posts: 14,040 ✭✭✭✭✭
    I like the bonus points idea about asking to borrow the dealer's own loupe. But for the ultimate in bonus points, how about getting the coin graded and variety-identified on the holder, and then going back and selling it to the same dealer for variety money? image
    When in doubt, don't.
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Nah, you get bonus points if you can take a picture of the cherrypick with your cellphone camera and send it to someone, say, Russ, and get away with the cherrypick image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    lathmachlathmach Posts: 4,720 ✭
    Sometimes.
    Like the time when an Ebay seller shilled his auction to drive the price up.
    Pissed me off big time.
    I made it a real point after I received the coin to tell him how happy I was with the good deal I got, since the coin was an extremely rare variety that the other bidders hadn't recognized, and how it was worth many multiples of what I'd paid.
    I told him my high bid was 40 times what the auction closed at. (This was true)
    I told him I'd watch his auctions and bid on more of his coins.
    He emailed me back and said he wasn't going to sell any more coins on Ebay.

    Ray
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    FairlanemanFairlaneman Posts: 10,428 ✭✭✭✭✭


    << <i>1.Telling is not advised. It's considered bad form and seeing many cherry pits is in your future.
    2.Memorize the Cherry Picker guide. Looking things up while at dealer's table serves only to annoy said dealer.
    3.Ask if you can borrow the dealer's loupe. This qualifies as advanced cherry picking technique.
    4.Return the loupe to the dealer and thank for allowing you to use.
    5. Make at least a modest purchase from the dealer even if no cherry was to be found. >>



    If the dealer asks to use your loupe is he cherry picking you ? .....image A dealer I see from time to time always uses my loupe and most of the time he does not thank me.

    Ken
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    CaptHenwayCaptHenway Posts: 33,908 ✭✭✭✭✭


    << <i>I just wanted to poll you guys and gals as to whether or not you ever tell a dealer after you made a huge profit or cherry pick off of a coin they sold you. I see people getting the "you suck" award all the time and wonder if they ever go back and tell the person the bought it from about it. >>



    He doesn't tell you that he's sleeping with your wife, does he?
    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    CoxeCoxe Posts: 11,139 ✭
    One guy I will show him a few I just bought and why bbut I will also show him VAMs he still has that I didn't need and will point out things like a mint mark he missed. There's a delicate symbiosis there.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
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    clackamasclackamas Posts: 5,615 ✭
    No
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    clackamasclackamas Posts: 5,615 ✭


    << <i>Sometimes.
    Like the time when an Ebay seller shilled his auction to drive the price up.
    Pissed me off big time.
    I made it a real point after I received the coin to tell him how happy I was with the good deal I got, since the coin was an extremely rare variety that the other bidders hadn't recognized, and how it was worth many multiples of what I'd paid.
    I told him my high bid was 40 times what the auction closed at. (This was true)
    I told him I'd watch his auctions and bid on more of his coins.
    He emailed me back and said he wasn't going to sell any more coins on Ebay.

    Ray >>



    ROTFLMAO
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    LakesammmanLakesammman Posts: 17,671 ✭✭✭✭✭
    Nothing good can come of it.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    shirohniichanshirohniichan Posts: 4,992 ✭✭✭


    << <i>No. It's mean spirited. >>



    Yea, verily.

    One dealer I bought from looked through the foreign coins I bought (as if he was taking mental notes). He didn't change his pricing or refuse to sell them, but I noticed his offerings on the next visit weren't as attractively priced.

    A dealer has every right to do so and learn from his selling "mistakes", but rubbing his nose in it doesn't do anything but make shame him and make him mad.
    image
    Obscurum per obscurius
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    richardshipprichardshipp Posts: 5,647 ✭✭✭
    no
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    LakesammmanLakesammman Posts: 17,671 ✭✭✭✭✭
    Why tell?? You want to keep cherry picking them, don't you?? image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    coinpicturescoinpictures Posts: 5,345 ✭✭✭
    All the time. And he doesn't have a problem with it. He tells me about great deals/cherrypicks he's gotten and visa versa.

    He knows that he can't be an expert in everything, and as long as he's making the profit he wants, he's not greedy. It's actually worked to my advantage on occasion, since he knows that I can turn around certain types of material quickly and at a decent price, so he'll buy accordingly with the intent of wholesaling the material to me. He knows full well he could do better by retailing those pieces himself, but given time constraints, he'd rather get 40% of the profit out of a deal with a minimum investment of labor and time.

    A perfect example is a stamp accumulation I purchased from him for $750 from last year. I was there when he bought it at $600. I was able to turn it around for $1,100. I ended up making more on the merchandise than he did. But he also knows I spent quite a few hours photographing and writing up the material.

    It's all in how you approach it. If you act like a gloating ass, then you're just being a pr*ck. But if it's an honest exchange of information with a dealer you trust, it can be mutually beneficial...
    Numismotography

    1/2 Cents

    U.S. Revenue Stamps

    image
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    mirabelamirabela Posts: 5,196 ✭✭✭✭✭
    No ...
    mirabela
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    clackamasclackamas Posts: 5,615 ✭
    What is even better is Cherry picking a dealer wearing a PCGS grading challenge t-shirt.
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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>Nothing good can come of it. >>



    AU CONTRAIRE !!!!! those who let me know sure got me to be more careful in what I put out.

    image

    Friend of mine was getting some absolutely SCRUMPTIOUS coins from some dealer in the SF bay area. Oh golly, were they neat! He was buying and slabbing up a storm and getting back such neat and rare stuff that he just couldn't RESIST tellin the dealer.

    Golly.......... no more neat coins. I got my Classic Large Cent from him.
    image

    I'm not anticipating any more.
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    holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    No, that would be like calling up a one night stand and saying ,"Thanks for the one night stand!"

    image
    image
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    speetyspeety Posts: 5,424 ✭
    Nope, but sometimes i wonder if dealers are holding back on telling eachother that they cherrypicked me image
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

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    allmancoinsallmancoins Posts: 185
    I once cherrypicked a 1918/7 Buffalo Nickel at a vest pocket dealers table. I know the dealer pretty well, he is an older guy. He was selling off some of his inventory to reinvest in key date coins for his grandson. I showed him the error, it really made his day. That was one he did not have in his personal collection.

    Matt

    Matt Allman
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>Nah, you get bonus points if you can take a picture of the cherrypick with your cellphone camera and send it to someone, say, Russ, and get away with the cherrypick >>



    Poor Marty. image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC

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