Best Cherrypicks...

[Gabe]

I dont know about the rest of you guys, but my best cherrypicks have been of non-variety coins.

It seems to be that many dealers have little or no knowledge of prices of early unc wheat cents, and I have found many bargains within this category. For example, I bought months ago a 1947 toned purple and green Lincoln cent in UNC for $1 from the dealer. After I examined the coin, and had a reliable second opinion, my opinion on the grade of the coin is MS66 BRN (although it is beautifully toned). I bought the coin for $1 and it is worth about $30.

The other week, I bought a 1930 UNC (another beautiful toned coin) for $10, and after a close inspection at home, the coin is a nice MS66 BRN example cent. That is a $150 coin.

I have cherrypicked many varieties, but it seems that one has a better chance at making a killing by buying highly under-graded, under-priced cents.

Any thought...?

[Bob P]

I agree Gabe. Buying unknown higher grade coins from a dealer can be the way to go. Most dealers pay particular attention to more rare and already graded specimens that will give them a quick profit. Many have little time to deal with some of the other aspects of the hobby, like varieties and such unless they have already been slabbed or are the biggies. In your case, they probably noticed that the coin wasn't 'red' and threw it is a sell bin or binder. Either way, you approach is a god one. If you want to look for varieties, then by all means...do so. But, while searching, keep your eyes open for those hidden gems that just might make you a few bucks too