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Next Witter Brick announced. It is the John Dannreuther edition

pcgscacgoldpcgscacgold Posts: 3,734 ✭✭✭✭✭

Next up a chance at an 8 coin 1880 Proof set hand picked by John. Good luck to those that play. All 8 coins are in one lucky box.

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Comments

  • ProofmorganProofmorgan Posts: 937 ✭✭✭✭✭

    What is the typical ROI on these? Does the average buyer get 50% of the cost in value?

    I’m assuming these boxes go up for bid and you hope you bought the one with the highlight coins in it?

    I’ve never gambled with these but maybe some on here can share if they have?

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
  • jmlanzafjmlanzaf Posts: 40,336 ✭✭✭✭✭

    @Proofmorgan said:
    What is the typical ROI on these? Does the average buyer get 50% of the cost in value?

    I’m assuming these boxes go up for bid and you hope you bought the one with the highlight coins in it?

    I’ve never gambled with these but maybe some on here can share if they have?

    They generally sell at a fixed price. Average return is around 50% on average but 50% is not the bottom.

    They are fun for people who like mystery boxes. They are not for everyone.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Cougar1978Cougar1978 Posts: 9,573 ✭✭✭✭✭
    edited April 7, 2026 5:21PM

    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales - premiums have been strong. There is a strong collector market on this material. Believe this new issue will do well. Our sales of CACG WB at shows have done well. The Bert issue was a hit.

    Investor
  • Project NumismaticsProject Numismatics Posts: 1,829 ✭✭✭✭✭

    @lermish said:

    @Catbert said:
    Call me a snob, but I think Dannreuther cheapens his reputation by participating in this.

    Agreed. There are a few people in numismatics that, rightly or wrongly, I think of as shining examples of putting the hobby first.

    In no way does this invalidate a lifetime of irreplaceable and invaluable numismatic research but it does take off just a tiny bit of luster IMO.

    Monetization of reputation - he’s not the first and won’t be the last and I don’t necessarily see any problems.

    I’m curious why either of you think this isn’t “putting the hobby first” or “take[s] off just a tiny bit of luster”?

    I can think of quite a few numismatic experts that are also dealers or evolved into dealers over time and therefore are monetizing their knowledge and reputation. They still do right by the hobby in my opinion.

  • lermishlermish Posts: 4,560 ✭✭✭✭✭

    @Project Numismatics said:

    @lermish said:

    @Catbert said:
    Call me a snob, but I think Dannreuther cheapens his reputation by participating in this.

    Agreed. There are a few people in numismatics that, rightly or wrongly, I think of as shining examples of putting the hobby first.

    In no way does this invalidate a lifetime of irreplaceable and invaluable numismatic research but it does take off just a tiny bit of luster IMO.

    Monetization of reputation - he’s not the first and won’t be the last and I don’t necessarily see any problems.

    I’m curious why either of you think this isn’t “putting the hobby first” or “take[s] off just a tiny bit of luster”?

    I can think of quite a few numismatic experts that are also dealers or evolved into dealers over time and therefore are monetizing their knowledge and reputation. They still do right by the hobby in my opinion.

    JD has bought and sold coins for decades. I bought my first big coin from him. An incredibly knowledgeable, ethical, and kind person. A role model.

    I won't speak for Catbert but my issue stems from the pure gambling nature of the WitterBrick, not that he is selling coins.

    That being said, if in a similar situation, I might take the money also. I like to think I wouldn't but that's easy to say when no one is offering me a check.

    chopmarkedtradedollars.com

  • skier07skier07 Posts: 4,671 ✭✭✭✭✭

    I’m not a big fan of Witter Brick but there are a lot of coin people who like to gamble (or play the odds). Prior to the pandemic there were big poker games at most of the major shows and I know a lot of coin people who are big sports betters.

  • jmlanzafjmlanzaf Posts: 40,336 ✭✭✭✭✭

    Call me Catbert's Hero, but this thread needs more memes. @Morgan White

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • jmlanzafjmlanzaf Posts: 40,336 ✭✭✭✭✭

    @FlyingAl said:

    @jmlanzaf said:
    Call me Catbert's Hero, but this thread needs more memes. @Morgan White

    Oh great, you guys can ruin another thread.

    "Enhance"

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • RedRocketRedRocket Posts: 1,192 ✭✭✭✭✭

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

  • ProofmorganProofmorgan Posts: 937 ✭✭✭✭✭
    edited March 26, 2026 11:22AM

    I'll play devil's advocate here (although I agree with the other side also):

    This may open up collecting or the opportunity to acquire significant coins for those who typically would not. Ex: some only really collect these gimmicky break outs and boxes so that exposes them to some more main stream and higher end examples. On the other hand, a collector on a $500-$1000 budget may end up with a $20k coin they would never have acquired independent of this opportunity.

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
  • pcgscacgoldpcgscacgold Posts: 3,734 ✭✭✭✭✭

    For some people collecting coins is a fun hobby. To others collecting coins is an investment. I think it can work for both groups of people. If buying a Brick for $375 is fun, go for it. In many cities that is the cost for 4 people to go out for a nice dinner. Some of these bricks are a lot more.

    I will say that someone bought a $375 Brick in 2024 and came away with a 1907 HR Saint in MS64 CACG and instantly sent it to GC to auction it off. It sold for just under $40,000 so that person is very happy.

  • jmlanzafjmlanzaf Posts: 40,336 ✭✭✭✭✭

    @Proofmorgan said:
    I'll play devil's advocate here (although I agree with the other side also):

    This may open up collecting or the opportunity to acquire significant coins for those who typically would now. Ex: some only really collect these gimmicky break outs and boxes so that exposes them to some more main stream and higher end examples. On the other hand, a collector on a $500-$1000 budget may end up with a $20k coin they would never have acquired independent of this opportunity.

    It's funny you should say this. I was in a friend's store on this past Saturday and a former colleague popped in. She was narrowing the focus of her collection and was selling things that no longer fit. She had a few Vault Box coins which, for those who don't know, is similar to Witter Brick. When my friend remarked on it, she said that Vault Box is how she got started collecting.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • RedRocketRedRocket Posts: 1,192 ✭✭✭✭✭

    @jmlanzaf said:

    @Proofmorgan said:
    I'll play devil's advocate here (although I agree with the other side also):

    This may open up collecting or the opportunity to acquire significant coins for those who typically would now. Ex: some only really collect these gimmicky break outs and boxes so that exposes them to some more main stream and higher end examples. On the other hand, a collector on a $500-$1000 budget may end up with a $20k coin they would never have acquired independent of this opportunity.

    It's funny you should say this. I was in a friend's store on this past Saturday and a former colleague popped in. She was narrowing the focus of her collection and was selling things that no longer fit. She had a few Vault Box coins which, for those who don't know, is similar to Witter Brick. When my friend remarked on it, she said that Vault Box is how she got started collecting.

    Red loves reading positive testimonials on how Vault Box and Witter Brick mystery coins (coin gambling) are a benefit to this wonder hobby and it is allowing mild mannered collectors to blossom into full-blown Numismatists.

    Optimistically,
    Red R.

  • ShaunBC5ShaunBC5 Posts: 1,918 ✭✭✭✭✭

    To the topic of the guy lending his name to this edition of Witter Bricks and being credited with hand picking a nice set of proofs, I don’t see any problem with it. The gambling aspect of the distribution isn’t my thing, it having a known and legitimate name attached to the trophy coins isn’t a problem for me at all. If you’re a fan of this guy’s eye an want a shot at coins that are nice and are attached to him in some way, this is a way to get have a chance you might not otherwise get.
    Again, the format isn’t for me (at least so far), but I haven heard anyone disparage the Witter folks or DB numismatically or ethically (outside of opinions on gambling, perhaps).

  • Cougar1978Cougar1978 Posts: 9,573 ✭✭✭✭✭
    edited April 4, 2026 8:39AM

    Sort of addicted to the WB issues.

    It’s not any different than the sticker or holder (rattler ) game.

    Investor
  • Project NumismaticsProject Numismatics Posts: 1,829 ✭✭✭✭✭

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    I think most collectors buying witterbrick are pretty sophisticated and aren’t gambling away the down payment for a home or their family’s grocery money. But there may be some who have trouble controlling their impulses and take it too far.

    Of course, I have may have that impulse control problem in auctions and on the bourse on occasion - no gambling necessary!

    I understand the moral objection but don’t necessarily agree in this situation. I appreciate Red R’s thoughtfulness on this (and other) topics.

  • RedRocketRedRocket Posts: 1,192 ✭✭✭✭✭

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    I think most collectors buying witterbrick are pretty sophisticated and aren’t gambling away the down payment for a home or their family’s grocery money. But there may be some who have trouble controlling their impulses and take it too far.

    Of course, I have may have that impulse control problem in auctions and on the bourse on occasion - no gambling necessary!

    I understand the moral objection but don’t necessarily agree in this situation. I appreciate Red R’s thoughtfulness on this (and other) topics.

    Red now fully agrees and has changed his mind and his position on this topic.
    An apology PM to @Cougar1978 is pending.

  • Project NumismaticsProject Numismatics Posts: 1,829 ✭✭✭✭✭

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    I think most collectors buying witterbrick are pretty sophisticated and aren’t gambling away the down payment for a home or their family’s grocery money. But there may be some who have trouble controlling their impulses and take it too far.

    Of course, I have may have that impulse control problem in auctions and on the bourse on occasion - no gambling necessary!

    I understand the moral objection but don’t necessarily agree in this situation. I appreciate Red R’s thoughtfulness on this (and other) topics.

    Red now fully agrees and has changed his mind and his position on this topic.
    An apology PM to @Cougar1978 is pending.

    Well Red did reply to Cougar but it felt that Red was addressing the topic at large rather than Cougar’s point specifically. I was mixing and matching a bit in my reply.

    What are Red’s thoughts on mystery boxes / gambling in the hobby?

  • jmlanzafjmlanzaf Posts: 40,336 ✭✭✭✭✭

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    I think most collectors buying witterbrick are pretty sophisticated and aren’t gambling away the down payment for a home or their family’s grocery money. But there may be some who have trouble controlling their impulses and take it too far.

    Of course, I have may have that impulse control problem in auctions and on the bourse on occasion - no gambling necessary!

    I understand the moral objection but don’t necessarily agree in this situation. I appreciate Red R’s thoughtfulness on this (and other) topics.

    Red now fully agrees and has changed his mind and his position on this topic.
    An apology PM to @Cougar1978 is pending.

    Red is making Joe dizzy.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • fathomfathom Posts: 2,067 ✭✭✭✭✭

    @jmlanzaf said:

    @Proofmorgan said:
    What is the typical ROI on these? Does the average buyer get 50% of the cost in value?

    I’m assuming these boxes go up for bid and you hope you bought the one with the highlight coins in it?

    I’ve never gambled with these but maybe some on here can share if they have?

    They generally sell at a fixed price. Average return is around 50% on average but 50% is not the bottom.

    They are fun for people who like mystery boxes. They are not for everyone.

    Thanks for those veracious, accurate, meticulous stats.

    Here I will simplify your post. Many people are disappointed, a few will be happy or satisfied.

    A few will be disgusted and leave or not participate in the hobby. Is that worth it to the marketplace? Does not matter, its free enterprise. Let's have fun!

  • RedRocketRedRocket Posts: 1,192 ✭✭✭✭✭

    @Project Numismatics said:

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    .

    What are Red’s thoughts on mystery boxes / gambling in the hobby?

    Red believes if it drives sales for Dealers, even a bit at the possible expense of the collector, it is wonderful.
    The stronger the position of Dealers within this hobby the better overall.

    Collectors Will Learn to Adjust,
    Red R.

    @jmlanzaf said:

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    Red now fully agrees and has changed his mind and his position on this topic.
    An apology PM to @Cougar1978 is pending.

    Red is making Joe dizzy.

    More or less than that which is typical for Joe?

    Inquiring,
    Red R.

  • Pnies20Pnies20 Posts: 2,571 ✭✭✭✭✭

    @lermish said:

    @Catbert said:
    Call me a snob, but I think Dannreuther cheapens his reputation by participating in this.

    Agreed. There are a few people in numismatics that, rightly or wrongly, I think of as shining examples of putting the hobby first.

    In no way does this invalidate a lifetime of irreplaceable and invaluable numismatic research but it does take off just a tiny bit of luster IMO.

    We’ll call it cabinet friction.

    BHNC #248 … 140 and counting.

  • jmlanzafjmlanzaf Posts: 40,336 ✭✭✭✭✭

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    .

    What are Red’s thoughts on mystery boxes / gambling in the hobby?

    Red believes if it drives sales for Dealers, even a bit at the possible expense of the collector, it is wonderful.
    The stronger the position of Dealers within this hobby the better overall.

    Collectors Will Learn to Adjust,
    Red R.

    @jmlanzaf said:

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    Red now fully agrees and has changed his mind and his position on this topic.
    An apology PM to @Cougar1978 is pending.

    Red is making Joe dizzy.

    More or less than that which is typical for Joe?

    Inquiring,
    Red R.

    More.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Project NumismaticsProject Numismatics Posts: 1,829 ✭✭✭✭✭

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    .

    What are Red’s thoughts on mystery boxes / gambling in the hobby?

    Red believes if it drives sales for Dealers, even a bit at the possible expense of the collector, it is wonderful.
    The stronger the position of Dealers within this hobby the better overall.

    Collectors Will Learn to Adjust,
    Red R.

    @jmlanzaf said:

    @RedRocket said:

    @Project Numismatics said:

    @RedRocket said:

    @Cougar1978 said:
    Looking forward

    I have purchased CACG WB at shows or on Bay. They have done well for me. I have been making an excel table to analyze premiums realized vs CPG in marketplace by sellers. It’s a fascinating project.

    As far as my WB sales premiums have been strong. There is a strong collector market on this material.

    Capitalizing on other collectors weaknesses.

    Bummed Out,
    Red R.

    Red now fully agrees and has changed his mind and his position on this topic.
    An apology PM to @Cougar1978 is pending.

    Red is making Joe dizzy.

    More or less than that which is typical for Joe?

    Inquiring,
    Red R.

    So Red thinks gambling crosses the ethical line full stop.

    Red may find the current Atlantic article on sports gambling quite interesting. A good argument that professional sports and fans have been significantly harmed by recently legalized betting.

    Perhaps Red is right…

  • Cougar1978Cougar1978 Posts: 9,573 ✭✭✭✭✭
    edited April 4, 2026 8:40AM

    Will have to get one.

    Once these new wb coins hit the mkt ebay, shows there wb a scramble by players get them in inventory / then market to customers. There are many , investors, players intestred in WB.

    Investor
  • ElmerFusterpuckElmerFusterpuck Posts: 4,874 ✭✭✭✭✭
    edited March 27, 2026 1:02PM

    It's interesting to watch and read about. Not too long ago I posted about getting a WB and coming out ahead. Would I do it again? It was fun, but I don't have an overwhelming urge. Link below:

    https://forums.collectors.com/discussion/1110515/fun-show-anyone-buy-a-witter-brick#latest

  • pcgscacgoldpcgscacgold Posts: 3,734 ✭✭✭✭✭

    I am interested to see what big name collector/dealer is next. Started with Doug Winter the top Gold Dealer/Collector and then John D, the top Proof guy called the "Godfather". Who is next? Fun to watch.

  • Morgan13Morgan13 Posts: 2,302 ✭✭✭✭✭

    A bird in hand is better than two in the bush.
    Thats my feeling on these boxes.
    Thats just me though.
    I will admit that I have enjoyed seeing them opened on YouTube and vicariously been pleased and let down.

    Student of numismatics and collector of Morgan dollars
    Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
    Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7 JWP BruceS bigjpst
    JWP

  • pcgscacgoldpcgscacgold Posts: 3,734 ✭✭✭✭✭

    The sale happened just a few hours ago. Anyone watch? Take part? Was it as strong as the Doug Winter Edition?

  • ConnecticoinConnecticoin Posts: 13,263 ✭✭✭✭✭

    Just more unregulated gambling. I guess if you keep it small and avoid gambling addiction claims it stays under the regulation radar.

  • MEJ7070MEJ7070 Posts: 821 ✭✭✭✭✭
    edited April 3, 2026 1:49PM

    Ah yes, this product allows me to harken back to about 10 years ago when I bought one of these similar products from Topps. It was $85 at my local card shop and had a 1/1 autographed Mike Trout RC as the primary chase on the box. IIRC Topps had put a Lou Gehrig auto in those as well a bunch of classic Yankees relics. All kinds of cool stuff.

    I pulled a Dave Stieb /199.

    Thus ended my journey in the “mystery box” realm.

    *edited for spelling

  • ashelandasheland Posts: 24,347 ✭✭✭✭✭

    @Morgan White said:

    @jmlanzaf said:
    Call me Catbert's Hero, but this thread needs more memes. @Morgan White

    :D

  • earlyAurumearlyAurum Posts: 783 ✭✭✭✭✭

    I am not familiar with this mechanism. Is there an expected loss (total money collected by the host is greater than the value of the coins)? As long as it is something reasonable like 5-10%, it's pretty fair given that auction representation is 5%. Anything more is just gambling with too much of a house edge. Not as bad as lotto of course but not as good a casino black jack.

  • earlyAurumearlyAurum Posts: 783 ✭✭✭✭✭

    I hope I just answered my own question using AI. Here is what AI provided:

    Value Estimates: The 2025 1st release saw roughly $2.44 million in gross sales against $2.27 million in coin value (roughly 7.5% gross margin for the house).

    This is very reasonable in my opinion for the services.

  • ProofmorganProofmorgan Posts: 937 ✭✭✭✭✭

    @earlyAurum said:
    I am not familiar with this mechanism. Is there an expected loss (total money collected by the host is greater than the value of the coins)? As long as it is something reasonable like 5-10%, it's pretty fair given that auction representation is 5%. Anything more is just gambling with too much of a house edge. Not as bad as lotto of course but not as good a casino black jack.

    I haven’t seen it posted officially but anecdotally I have heard around 20-50% expected loss. They do post the coin list so someone could tally all the values and compare to the posted price per box and total boxes to be sold.

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
  • lermishlermish Posts: 4,560 ✭✭✭✭✭

    @earlyAurum said:
    I hope I just answered my own question using AI. Here is what AI provided:

    Value Estimates: The 2025 1st release saw roughly $2.44 million in gross sales against $2.27 million in coin value (roughly 7.5% gross margin for the house).

    This is very reasonable in my opinion for the services.

    There is no need to get into details as it would likely start an argument but that estimate is WAY off. I believe that on box 1, the total gross profit was in the $1mm range.

    chopmarkedtradedollars.com

  • scubafuelscubafuel Posts: 2,047 ✭✭✭✭✭

    If it was actually a 7.5% difference in coin value that would mean witter coin was making a massive loss.
    Think sourcing, packaging, advertising, salaries, customer service etc. These things aren’t free.
    My WAG is that they would need sales that are ~40% higher than the cost of the coins themselves to make 7.5% after everything.

  • earlyAurumearlyAurum Posts: 783 ✭✭✭✭✭

    @scubafuel said:
    If it was actually a 7.5% difference in coin value that would mean witter coin was making a massive loss.
    Think sourcing, packaging, advertising, salaries, customer service etc. These things aren’t free.
    My WAG is that they would need sales that are ~40% higher than the cost of the coins themselves to make 7.5% after everything.

    I disagree. Though it depends on the total value of coins. For every $100k in coins, they make $7.5k in gross revenue. If the total value of the coins is roughly $2.5mm, the gross is $187,000. That seems to easily be enough to cover expenses and still make a reasonable return.

  • earlyAurumearlyAurum Posts: 783 ✭✭✭✭✭

    @lermish said:

    @earlyAurum said:
    I hope I just answered my own question using AI. Here is what AI provided:

    Value Estimates: The 2025 1st release saw roughly $2.44 million in gross sales against $2.27 million in coin value (roughly 7.5% gross margin for the house).

    This is very reasonable in my opinion for the services.

    There is no need to get into details as it would likely start an argument but that estimate is WAY off. I believe that on box 1, the total gross profit was in the $1mm range.

    If the gross profit was $1mm on roughly $2.5mm of coin value, then the expected loss is 28.5%. That would just be unacceptable in my view. Not a very good way to "take a chance" but still not as bad a PowerBall where it is greater than 80%!

  • TomBTomB Posts: 22,886 ✭✭✭✭✭

    @earlyAurum said:
    I hope I just answered my own question using AI. Here is what AI provided:

    Value Estimates: The 2025 1st release saw roughly $2.44 million in gross sales against $2.27 million in coin value (roughly 7.5% gross margin for the house).

    This is very reasonable in my opinion for the services.

    As with anything AI, it depends intimately on how you phrase the question and what platform you use and, also, less scientifically about how the system reacts in the moment. Your post does not tell us if you asked about Vault Box (whatever series) or Witter Brick (Doug Winter edition) or any other details or what platform you used or how you phrased the question.

    I asked ChatGPT this question various ways and received very different answers each time, but the best way to go about it is to be explicit, tell the platform to only use referenced answers, to avoid fabrication, generalization or filling in the blanks and then to follow the references. ChatGPT told me that Vault Box had a much lower return on value, on average, than the Witter Brick series and that the lowest return on value for Witter Brick was far higher than the lowest return on value for Vault Box.

    It further led me to a Coin World article from 2024 about the Witter Brick Doug Winter edition where it stated that the Witter Brick guaranteed buyers at least 70% return and the return was based upon the value listed on the CAC website price guide. So, how accurate is the price guide for the coins in the program? I don't know and I don't know what coins were in the program either, but I'd imagine that a 70% return guaranteed by Witter Brick is far higher than Vault Box ever offered its customers.

    Doing a little more digging I did find the entire list of coins offered by Witter Brick in the Doug Winter edition, but I did not tabulate them or add them up.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

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