FUN show - anyone buy a Witter Brick?
ElmerFusterpuck
Posts: 4,733 ✭✭✭✭✭
After reading a bit about them and seeing them at the show, I thought why the hell not and bought the $500 box (cheapest option). The other tiers were $1500 and $7500. Each box listed the top 10 coins you could get in each brick tier. For mine, you had a chance to score a CACG AU-58 1969-S doubled die cent as the big prize.
@SethChandler and Witter Coins definitely came up with a winner; all the boxes sold out!
I didn't get the big prize, but I did get an MS-66 1955-S dime and...
Definitely happy with this prize!
10-4,
Erik
My registry sets
20
Comments
Nice
boston
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Dang that's a score for the $500 box! Congrats @ElmerFusterpuck!
Gambling almost always leads to losses. Glad it worked out for you. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Please for the love of God, get out while you’re ahead
Empty Nest Collection
Matt’s Mattes
That's kinda cool, I like 👍
Congratulations @ElmerFusterpuck
I kept thinking about it until they sold out. $500 was the cost of a coin I was thinking of buying. Couldn’t pull the trigger on a gamble
I don’t do any the gambling things. I just buy nice slabbed stuff right. Then price it for retail.
I'm glad it worked out for you.
That said, "why the hell not" is easy to answer--the sponser (who may or may not be running a legal "game of chance"), prices it so that the sponsor wins if all sell out. In other words, your expected value is a loss.
I know that gambling is attrative to some, but it's always priced in favor of the house. You got lucky (which, I guess, is the so-called "charm" of gambling, for those for whom it carries charm).
I want to see the coins I buy before I buy them... my preference.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
One way to look at it. If you score a many thousand dollar coin there is no tax on said coin. Whereas in a casino making a like value score say on a slot machine, the taxes would eat up around 30% of your hit.
Unless you write off the losses against the taxes wins.
I hear You can get creative on the P&L statement.