I really liked the post about the possible chance to dig Cerro Gordo. I mean really! I liked the idea so much that I spent last night thinking about all of the ramifications of digging at this old mining town. First off I know nothing about Cerro Gordo except what I have heard through the rumor mill. I see by a comment to the post that one person says it has been dug - well duh - any place that has a way into it and was populated before 1890 has been dug, but that doesn't mean it has "all" been dug.
So... it looks like the ante is $1000 just for the opportunity to dig and then anything you dig the owner gets half of. Hmm... I live up in the Northern California gold country and it appears that its a all day drive for me to get to the "diggings". That means its a all day drive to get home.
All day drive equals about $100 in gas, food etc. That's $1000 buy in ,$200 gas food etc. so I am in $1200 before I find a place to stay, buy food for the time I am at the diggings etc. I guess if I was going to go all the way to Cerro Gordo to dig I would stay a minimum of 3 days or so, possibly more. That's probably another $500 out of pocket at today's prices.
Well , here I am at the diggings and only into the trip $1700 or $1800, but feeling good about my chances of bagging a Miller's fifth or flask and if I am really lucky a Clubhouse! Oh! are we digging trash layers or will we be digging some privy's? Don't know - never been here.
Trash layers are cool - you can dig em by yourself. Now if I get into a hole over, say 6 feet deep, I am going to need a partner to pull buckets etc. Wait, that means another $1000 buy in for my partner and the good old owner gets half of my partners share?
I never was that good at math but I reckon that if the owner gets half of my partners share then my share is now worth one quarter?
Just for grins lets say we dig a Miller's fifth, that's my partner, and I, and our 1/2 partner the owner. What's a Miller's going for today? I had heard through the grapevine that AP had a Miller's for sale at $10,000. Sounds like a fair price for that rare of a bottle
Ok -Ok we have the dug Miller's, I want to put it in my collection, but, I have to buy out my partners. Well that's $5000 to the land owner, $2500 to my digging partner, and my $1000 buy in, another, say $1000 in expenses and we have a $10,000 bottle that I just dug and paid $9500 for. I told you my math skills were weak, but I am pretty sure this all adds up. - Wow if I pony up another $500 I could buy AP's Miller's and not even break a sweat.
Of course there is the glory of digging a very rare and important bottle, but for me I don't believe the glory is worth $9500.
Boy - I don't even want to think about the numbers if you sold your share of the dug Miller's.
Oh, lets do think about it - $10,000 bottle, half to property owner, one quarter to your partner, $1000 buy in. If my math is correct my share of the Miller's would be $1500?
God forbid you dig 3 Miller's. Lets do the math - 3 Miller's = $30,00. Owners share $15,000, partners share $$7500, My share $7500 minus the $1000 buy in =$6500. $6500 crap! I just dug 3 Miller's and have to pay $3500 to keep one - is this funky or what?
Y'all have fun digging Cerro Gordo