FUN show - anyone buy a Witter Brick?

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ElmerFusterpuck
ElmerFusterpuck Posts: 4,908 ✭✭✭✭✭
in U.S. Coin Forum

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

My Instagram pictures

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  • 1630Boston
    1630Boston Posts: 14,157 ✭✭✭✭✭
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    Nice
    boston

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

  • mattniss
    mattniss Posts: 863 ✭✭✭✭✭
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    Dang that's a score for the $500 box! Congrats @ElmerFusterpuck!

  • johnny9434
    johnny9434 Posts: 34,051 ✭✭✭✭✭
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    That's kinda cool, I like 👍

  • MtW124
    MtW124 Posts: 591 ✭✭✭✭✭
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    Congratulations @ElmerFusterpuck

  • Randoms
    Randoms Posts: 165 ✭✭✭
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    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

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited January 13, 2025 9:00AM
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    I don’t do any the gambling things. I just buy nice slabbed stuff right. Then price it for retail.

    Investor
  • 124Spider
    124Spider Posts: 1,270 ✭✭✭✭✭
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    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).

  • BLUEJAYWAY
    BLUEJAYWAY Posts: 11,794 ✭✭✭✭✭
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    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.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • rte592
    rte592 Posts: 2,234 ✭✭✭✭✭
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    @BLUEJAYWAY said:
    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.

  • VanHalen
    VanHalen Posts: 4,330 ✭✭✭✭✭
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    I like that label better than the regular CACG labels. Congrats!

  • Walkerfan
    Walkerfan Posts: 10,391 ✭✭✭✭✭
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    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/

  • Shurke
    Shurke Posts: 782 ✭✭✭✭✭
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    That’s a good score for sure. Congrats!

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