Are crh big gamblers update

thing

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Aug 8, 2009
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After going through $5000 in halves the other day and finding 2 40% and a proof along with $4500 in halves last week and finding 1 90%, I realized that this hobby gives me the same "high" as gambling (black jack). When I sit down at the table and get my first cards I start feeling this great optimism, like I am going to make it big, it is the same feeling that I get when I open up a box. However 99% of the time I am disappointed, but I cant stop until until I am out of money or boxes, despite the fact that the last 20 boxes havent been worth the effort, likewise the last 20 hands have seen my chips go down big time. I am pretty sure it is the same way with scratchers, the slim hope that you will hit it big, though you know the odds are not in your favor.

I bring this up because I am going to the grand canyon next week, from Los Angeles to Laughlin nv, through kingman az, williams az to the grand canyon. I plan to stop in Laughlin (gambling) for 2 days and there are about 20 banks in the area, in 2009 I ordered laughlin boxes $5000 and got skunked. Do I make another run at it or do I just decide to check the banks for loose halves?

I just got back yesterday (saturday) all total I found 50 silvers. I went to all the banks near Laughlin. I drive south on 95 from Bullhead city to Needles Ca. I got a 1970 from a chase teller tray. And several rolls from other various banks along the way. I had competition there to as the tellers told me there is a really old guy who grabs rolls too. In fact I missed him at an in store Bofa by 30 minutes, he grabbed 300 dollars that that had been there for a "really long time." I never encountered any of his dumps likely cause he dropped them at the casinos. On tuesday I drove to Kingman AZ and again there was a hunter there as well, but I did find 1 40%. I also drove up the Hauipwai Mountains south of Kingman, very senic. On Wednesday I went to Lake Havasu. There really wasnt much there, I don't understand why that is such a popular destination during "spring break". But I did wind a few more silvers. Thursday was my long day, I drive 3.5 hours further away, to Flagstaff Az. I found about 12 silvers in customer rolls. A went to a bofa and the vault teller said he had 2 boxes that were from Tempe AZ, some body use to order them but he vanished awhile ago and never got his last 2 boxes. I got skunked on the boxes. Around 2pm I started north to the grand canyon, cost me 25 to get in I drove the canyon unfortunately I got dark before I was able to see to whole canyon, maybe I needed to go into the canyon but I wasn't impressed with its Grandness. There was a chase in the park but it was after hours. Friday I hung out in my laughlin hotel room and picked through 3 boxes from bullhead city I had ordered. Being that the boxes were from Las Vegas I didn't expect much(figured that all the coin in LV would have been picked through by the gamblers) but I found 4-5-1 40% silvers in the boxes.
I lost 150 in black jack( at one point I was up $50) plus gas and hotels I figure I broke even. However on a brighter note I am close to finishing a 500 box of silver. I have 34 rolls of 40% 9 rolls of 90% 4 rolls of proofs and a roll of "odds and ends mostly foreign coins and a few 5% cliped halves. I need 11 90% 17 40% and 16 more proofs and I will have completed a box of crh (last time was April 2010)
 

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Re: Are crh big gamblers

you could test the banks again with an order...

this beats the gambling losses. but def able to gamble more vs box hunt
 

Re: Are crh big gamblers

Looks like you have a gambling problem.

I wouldn't go through the hassle to order half dollars, I would just get what they have loose or in the vault.
 

Re: Are crh big gamblers

I get excited and happy when I play golf too (And not for money). But that is obviously considered a hobby, not gambling. I look at CRH the same way. Granted, we may not get big numbers some days, and will on other days, but I do it for the happiness it brings me. The gains? They definitely HELP. LOL But I play golf and it COSTS me money. I CRH and I either make money or break even. My time? I don't consider it lost, or count it as an expense, just like I don't calculate my time into the cost of playing golf.

Make sense? :-)
 

Re: Are crh big gamblers

I believe that majority of CRH'ers are going to be personality types that have certain characteristics. Gambling in my opinion is one of them. I am a def. "gambler" and not a good one at that. My hobbies up to until now have included, any and all gambling, (lost the most money on hold em, and the in 2nd place sports betting).. But any and all gambling gets me that "thrill" the one that is usually followed by anxiety.... (I just got it now, just thinking about that "rush, or thrill"). In a very major way, CRH'ing for me has been a life saver, if the "proceeds" from my finds arent enough, I cant even begin to imagine how much money I have saved by not loosing it on my destructive hobbies in the last 9 months or so.... many thousands of dollars..... hooray for me, and CRH'ing!

So, not to speak for anyone else, but I would say that CRH'ing satisfies my thirst for gambling, but yet allows me to "walk away ahead" without ever risking anything significant. So gambling for me? kind of I guess, not much risk though -besides the several hundred dollars CRH'ing cost me last saturday due to wrecking my wifes car while CRH'ing.... but that is a whole different story.

Happy hunting all.
 

Re: Are crh big gamblers

I am not a gambler.

I am an investor, and there IS a difference. It's just the way I am, I am making no judgements.

But I do not CRH if the game involves losing Money overall. The object is not the fun of the risk, it is the satisfaction of conserving the silver, and putting it to use in my life.

And I am not putting my money down on a chance to take away someone's silver. I buy it.

If I was losing money continually in CRH'ing,, as all gamblers do, I would not do it.

For me, silver is silver, and I WILL buy it, whether in CRH rolls, or at the Little coin shop.
It is the price that determines where I shop.

Keep on Rollin' !
 

Re: Are crh big gamblers

One of the great things about CRHing is (unlike gambling or even other types of investing) there is nothing to risk or loose (usually) but the gains are exponential and rather phenomenal.

For me it's a great hobby and small time (so far anyway) investment/extra source of income all in one. :)
 

Re: Are crh big gamblers

Yes, enjoy the trill of gambling.. but I don't like to lose so I no longer go to the casinos. That is worse. That's why I enjoy this hobby.. free pull on the machine. Worst thing you lose is gas money but oh you have to drive to the casino if you want to gamble too.

I recently sold 45% of my coin collection to day trade the stock market. So far I've lost 50% of that. Ouch. Talk about a casino. I am getting better though. I do have winning days occasionally now too. LOL
 

Re: Are crh big gamblers

I am not a gambler, as most people would define it.

I dislike casinos, card games, craps, etc. My opinion is that once you've seen one casino, you've seen them all.

On the other hand, I do buy and sell for a living. I gamble that the items I bought today will resell for more later.
 

Re: Are crh big gamblers

I am a gambler.. I'm getting CnC is a gambler going by his name because that would describe me well too. I love poker and I love finding silver. CRH is my ultimate form of low risk gambling. But more than that it's a fun hobby with ups and downs like any sort of gambling. But the downs don't eat into my bankroll unless I'm robbed by a person or bank (coin counting machine).
 

Re: Are crh big gamblers

This is a great thread. I'm having a deja-vu moment while I read this because it's the exact same conversation I had with my sister a couple weeks ago while eating dinner with her at a restaurant in the Monte Carlo here in Las Vegas. She is a bit of gambler and loves to come here and play slots. I have the same urges to gamble (poker, not slots - and I am a winning player so I don't really look at it as gambling) but since I have started hitting the coin rolls hard over the last few months, CRH has totally replaced any desire I have to gamble. Just like some of you, I get the same thrill when I open a roll of halves and see a silver edge that I do when I pull a fourth queen on the turn and have the gentleman on my right push out half of his stack in front of him! It's like a casino freeroll. OK, if you want to get technical, you spend a HELL of a lot of time doin this. I know time is money. And gas is $3.50 a gallon. That's not free either. And we all rack up the miles on our cars... But we get to buy silver coins at face value. It friggin rules!

HH
BB

PS - My bankroll is from poker winnings.
 

Re: Are crh big gamblers

dossier said:
But the downs don't eat into my bankroll unless I'm robbed by a person or bank (coin counting machine).

Yes, I always wondered if someone would rob me of those bags of coins I bring in to dump. Watching someone try to haul them off would be funny yet not really funny if it really happened. :laughing7:
 

Re: Are crh big gamblers

Gamble: a : to play a game for money or property b : to bet on an uncertain outcome

I don't enjoy gambling, because I understand that in the long run it is virtually impossible to be a winner. My dad was a high school math teacher and he gave me the ability to mathematically analyze a situation. Lotteries and casino gambling are for people who don't understand basic mathematics.

OTOH, I play poker at least once per week (unraked limit poker home games) and have done so for the last 15 years. I do not consider this to be gambling because the long term outcome is not uncertain. The fact is that a good player, playing limit poker in unraked games, can be 100% certain of a winning outcome over the long term. Is playing poker like that gambling? I don't think so. CRH is the same. The only question is how much you will profit in the long run.
 

Re: Are crh big gamblers

I am not endorsing online poker. But PS and FT sites enabled me to fund my college, buy a car in cash, down payment on my house, and have a nice account to play with for some aggressive investments, that paid off. As the above post said, poker is predictable, long term. I am now older, so am conservative with that cash...hence CRH among other things. :icon_thumleft:

I believe we are in this for the thrill of the hunt, whereas gamblers are in it for the thrill of the gamble. Both can take over ones life, both are very similar in nature. Majority of gamblers lose, majority of CRH's win.
 

Re: Are crh big gamblers

I am also a gambling type, and love it. play to win and leave while youre ahead!
 

Re: Are crh big gamblers

This is a really fantastic thread. In my opinion some of the psychological aspects of this hobby do seem very similar or identical to those that one experiences while gambling. I get the same feeling while opening a roll of halves and checking the rims as I do when watching the wheels on a slot machine roll. It's a very subtle feeling of expectation, and very occasionally--very, very occasionally--you get that dopamine hit from a small score. It's enjoyable. I gamble very infrequently, but I can certainly see how and why people become addicted to it. And I understand how people can become addicted to CRH.

So maybe there's a bit of a dark underside that is compelling to think about. While I do think this is la great activity and certainly a much better use of time than something destructive, it does exact a cost. That cost is time. I know people find that kind of spurious because time feels infinitely renewable and you can put whatever value on it you want; i.e., you've lost nothing but time. But time certainly isn't frivolous when it accumulates. Even if you disregard the effort and the bank runs, at minimum, the hours spent CRHing are hours spent not doing something else. Not watching the Game Show Network, doing shots of hard liquor or arguing with our spouse...Then I guess maybe it's time spent for the good, especially if we can find an $11 winning lottery ticket or two in those boxes of a 1000 we lugged home and then need to dispose of. But when it's hours not spent building or nurturing positive relationships, taking new opportunities, or otherwise slowing adding to the pile of meaningful things in our lives that don't jingle...than that cost may be very high.

I don't mean to get philosophical. I've just been wondering if other CRHers have those existential moments in which their inner voice says, "you really ought to think more about this and whether it's really serving you."

Perhaps this is an inextricable part of the activity and this reflection yields a different answer at different times to each individual. But I'd really like to know if & how others experience this.
 

Re: Are crh big gamblers

with gambling there is always a risk of loss of "capital" -- its your money vs their money -- CRHing is not gambling * done properly coin roll hunting (CRH) doesn't risk money at all --since there is no risk factor , it is NOT GAMBLING-- you get coins at face value that even if they do not produce silver are still worth whatever amount of money you "invested" in buying them -- a 250 dollar box of dimes is still a 250 dollar box of dimes even if it is a "no silver" skunk box -- however if you do find a silver dime you simply just replace it with a clad one -- ok , so now you got 10 cents invested for a silver dime than will always be worth its face value (10 cents--face value) and being it silver is actually worth much more than "face value" if sold for it silver value -- that getting a something for next to nothing rush --is similar to the "gambling rush" but without the downside (risk of loss of money-)

the only real "downside" a CRH er risks is a wasted bit of time and effort in picking up and sorting thru some coins and being skunked VS the possible upside of finding a nice bit of silver worth some $$
 

Re: Are crh big gamblers

I run a small business part time. I find that I get the same feeling finding silver as I do making a sale.
 

Re: Are crh big gamblers

Like the great guru "Donald Duck" once said in his thesis on life:

"Golf spelled backwards is FLOG!"... ;D

HH...All the BEST from the "DEN!"...Silver "Bear"

jrf30 said:
I get excited and happy when I play golf too (And not for money). But that is obviously considered a hobby, not gambling. I look at CRH the same way. Granted, we may not get big numbers some days, and will on other days, but I do it for the happiness it brings me. The gains? They definitely HELP. LOL But I play golf and it COSTS me money. I CRH and I either make money or break even. My time? I don't consider it lost, or count it as an expense, just like I don't calculate my time into the cost of playing golf.

Make sense? :-)
 

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