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

ivan salis said:
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 $$


+1

Keep on Rollin' !
 

Re: Are crh big gamblers

ivan salis said:
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 $$

There is always risk of losing your capital. I for one don't really like walking around with $500 to buy a box. I also don't want 50 transactions in a year showing that much money going in and out of an account, so I end up having either $500 in cash in my wallet, or a $500 box of halves. Although the risk is small, there is always a chance of getting robbed or losing your wallet.
 

there of risk of tripping as you get out of bed in morning and break yer neck too -but most of us still have to get out of bed *

the risk of robbery or losing a wallet is not the type of risk I was speaking of * -- i talking about risk of loss of capital in a "normal" bussiness sense -- ie --is your "capital" investment at risk in order to achive a gain (profeit) as a normal part of the bussiness act ?

say you open a bussiness (you put up money to put supplies in a resturant lets say ) you have money "invested" --if you have no bussiness and the food rots- the investmwent is lost -- but if one invest at "face value" in coins looking thru them for silver --there is no risk in the normal sense other than loss of the buy money in the wallet in lost or stolen or theft of the coins (which is pretty remote)
 

For me its opposite. When playing BJ - I have optimism in the beginning and pessimism and anger at the end. With CRH it's opposite, I do not know why
 

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