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Cherry Picking How Is Done?

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New Member

United States
30 Posts
 Posted 04/28/2012  9:33 pm Show Profile   Bookmark this topic Add andoyan62 to your friends list Get a Link to this Message Number of Subscribers
Hello Community,
I am a very new coin hobbyist that is interested in collecting coins, I have borrowed Cd's and books from ANA and studying about coins as for how to detect counterfeit and genuine on a very basic level, as well as reading about cherry picking, my question is how do you even decide what type like (denomination as well as error and double die coins!!) to choose.as for pricing them I subscribe to Gray sheet but where can I look to fined out what coin is popular or Highly south after.
thank you very much for your help.
Jon
Pillar of the Community
argentum's Avatar
United States
1195 Posts
 Posted 04/28/2012  9:41 pm  Show Profile   Bookmark this reply Add argentum to your friends list Get a Link to this Reply
Simple:
1) Figure out how much you'd be comfortable spending on a coin, and list the coins that cost that much each.

2) Once you've obtained that list, Answer this question: 'Which ones of these do I find interesting and/or beautiful?' This list is your answer.

Valued Member
hermanwilliams's Avatar
United States
309 Posts
 Posted 04/28/2012  11:31 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list Get a Link to this Reply
The first thing is to take the time to look at as many coins as you possibly can. In hand is best, without a doubt, but viewing them on-line can be educational and fun too. Figure out what it is about coins that you like, what draws you to them. Is it the artwork? Is it the metals that they are made of? Do you like a certain type of metal; gold, silver, copper, nickel or clad? Do you prefer coins that are brilliant uncirculated (BU) with no toning? Do you like the way metals tone that given them a totally different look compared to what they first came out of the mint as?

A very handy tool is the type value chart in the Red Book. It tells you how much a coin is worth just based on the type that it is. For me during one period (maybe a month or two) I'll really be into picking up dimes here and there. Then, the next month or two, I'll really be into picking up half dollars. It changes as I am exposed to different coins and types throughout my collecting/coin purchasing experience. (I might mention here that I am not a big fan of Washington quarters. I don't know why, they just don't appeal to me. Maybe five years from now that will change.)

Otheres really love one type and choose to become experts in those specific types of coins. TGFTG - thank goodnes for those guys. They are really the ones that can give you a crash course once you start looking at a new type of coin you are wanting to check out.

I would say as a beginner you should start small. Buy some coins that don't have a lot of room for error. It is difficult to explain but even if your budget is a heaping amount of money, it is easy to overspend on coins that may not have any interest to you later.

I really think the best advice is to 1)look at as many coins as you possibly can. 2) look at the key coins in a few sets. You may find that you like lincoln cents and then later realize that you don't want to spend the money required to get those very special cents...again, just as an example.

Mostly, have fun, and read as much as you can on this website. The people that post here regularly are some fantastic and fantasically smart/experienced people.

Pillar of the Community
amida17's Avatar
United States
4897 Posts
 Posted 04/28/2012  11:42 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
with everything hermanwilliams said.

Take it slow, figure out what really attracts you and you will find a series that you love. Whether it is modern commemoratives, early copper or something in between. Let your gut lead you to what you like.
Also, Read, read, read, ask lots of questions and have fun!

What a long, strange trip it can be.....
Edited by amida17
04/28/2012 11:42 pm
New Member
United States
30 Posts
 Posted 04/29/2012  01:30 am  Show Profile   Bookmark this reply Add andoyan62 to your friends list Get a Link to this Reply
Thank you for your responds I really do appreciate it.
Jon
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/29/2012  05:48 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
my question is how do you even decide what type like to choose.
Same as ordering at a restaurant. Look at the menu, get what you like.
Bedrock of the Community
United States
20753 Posts
 Posted 04/29/2012  10:21 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Same as ordering at a restaurant. Look at the menu, get what you like.

When you really think about it, that is sort of the same thing when buying a car, house, coins, guns and even a wife. Try to get what you like.
Pillar of the Community
Australia
3831 Posts
 Posted 04/29/2012  10:28 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
It's just how much effort you put in to get the right kind of "cherry". Could be sour, could be sweet, etc but with years of experience, you know what you want.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Valued Member
goldfinger's Avatar
United States
73 Posts
 Posted 05/13/2012  9:13 pm  Show Profile   Bookmark this reply Add goldfinger to your friends list Get a Link to this Reply
Cherry-picking means keeping an eye open for an above average coin in its grade and price range. As in picking the best of 5 coins available all in the same grade and price range. That can give you a headache even with years of experience, you dont want to go there now, just build your confidence in spotting quality.

Cherry-picking can also refer to watching for oddball die pairs and or strikes/mistrikes that add collector value. Find what others havent noticed. If the seller has already spotted the cherry the coin will already be priced higher. In that case the benefit to you is not to make a quick buck but to see an actual example of what might be called a cherry and how the price was affected.

I enjoy finding ordinarily common/lowpriced coins for my albums that have that something extra about them that you must look carefully to see. Not because that coin is worth 125 instead of 105 or 17 instead of 12, but because every slot in an album should count. I cant do that with the coins that are worth 1000s but the lesser coins can often be improved on for next to no money.

Cherry picking is simply watching for a sweet piece of fruit that others may have overlooked or simply didnt care about.
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Wade's Avatar
Canada
2781 Posts
 Posted 05/13/2012  11:55 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
depends if you are cherry picking for profit or pleasure?

for profit? expensive learning curve!

for pleasure? expensive to build a collection!

collect because you like it, if you are really lucky, learn and build, then someday you might turn a few dollars into your wallet - unless of course you are like the rest of us and just hoard everything.

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