FUN show - anyone buy a Witter Brick?
ElmerFusterpuck
Posts: 4,758 ✭✭✭✭✭
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
28
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!
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.
Cue @jmlanzaf for his tax speech!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
We've reached the point where i can give it without giving it.
I like that label better than the regular CACG labels. Congrats!
That's a score. Looks like I donated $1,000.00 so your welcome
Score! Very nice.. You did well👍
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
That’s a good score for sure. Congrats!