The Cut — July 3, 2026 — SE02E68 — Same Mash Bill, 2.4 Proof Points, and a Verdict Worth Knowing

In this episode
R/bourbon ran 1,100 side-by-side comparisons on Larceny Barrel Proof A926 and B926 this week and produced a verdict worth knowing before one batch thins out. Both batches are on standard retail simultaneously at $69.99
Mentioned in this episode: Weller, George T. Stagg, Heaven Hill, Larceny, Wilderness Trail
Read the full transcript
This is The Cut.
Caramel hits before the heat. Stone fruit follows right behind. It’s wheated bourbon at barrel strength — and the lower-proof batch is the one that opens up more in the glass, not less.
I’m John from Chasing the Unicorn Podcast. Here’s where we want to end up: one $69.99 bottle that teaches you something you’ll carry into every barrel-strength purchase after this, while both batches are still on the same shelf at the same price.
Here’s what makes it tricky. Larceny Barrel Proof A926 and B926 look identical — same distillery, same mash bill, same $69.99 MSRP. They’re separated by 2.4 proof points and nothing else. Most people grab whichever one’s in front of them, or assume the higher-proof batch is the stronger call. R/bourbon ran 1,100 comments worth of side-by-sides this week and found something more useful than a simple ranking.
Here’s the move. Find B926 at standard retail now through mid-July. No per-account limit. No lottery. $69.99. If A926 is already open at home, pick up B926 while both are on the shelf at the same time — this combination doesn’t come around in the same retail cycle often.
Two things worth understanding before you pour.
Wheated bourbons express proof variation more audibly than high-rye expressions, and the reason is the secondary grain. Wheat doesn’t contribute the spice-forward bitterness that rye creates at the back of the palate. Rye is already creating heat-adjacent character at higher proofs — an extra 2.4 points doesn’t add much to something that’s already assertive. Wheat is softer. That softness is precisely what proof variation touches first. The same spread that disappears in a rye-forward barrel-strength release lands clearly in a wheated one. The community found it in the glass because the mechanism is real.
What that means for B926 specifically: at 124.4 proof, the caramel and stone fruit arrive before the heat competes. Bourbon Culture called it “softer on entry, caramel arriving faster before the fruit catches up.” A926 at 126.8 holds the structure longer on the back palate — more integrated almond and vanilla for buyers with a higher-proof reference frame. Neither is the wrong call. They describe different drinking experiences with one variable changed.
B926 is the anchor bottle on today’s list. Soft caramel entry, stone fruit mid-palate, a finish that runs longer than 124 proof has any right to produce in a wheated expression. This is worth the chase. Window runs through mid-July at $69.99. Also on the list: the Ohio OHLQ George T. Stagg lottery — free entry, open through midnight July 14, $129 MSRP against a secondary floor north of $1,100, five minutes to enter, zero downside. And the $200-plus tier is quiet this week — nothing new has cleared that threshold, and we’d rather note it than pad the list. Full read on all three is in today’s Cut Daily on our website. Free.
A word of caution on the side-by-side format. The lesson is the mechanism, not the score. B926 is the more expressive starting point for most palates — but “most palates” isn’t yours until you’ve run the comparison yourself. The rule that travels: in wheated barrel-strength bourbon, lower proof doesn’t mean less, it often means different. That distinction applies to every Larceny, every Weller, every wheated barrel-strength pour you make from here. The price of being wrong on a single $69.99 bottle is low. The information you get from the comparison is worth more than either bottle individually. Buy what you’ll drink, then pay attention.
One more thing before we close — today’s full American Whiskey Industry Brief covers the Wilderness Trail Harvest Bourbon BiB side-by-side against Heaven Hill’s standard BiB. Same proof, same federal credential, two completely different fermentation philosophies, $18 to $22 apart. It’s waiting on Patreon.
That’s The Cut. Follow the show wherever you listen, so tomorrow’s brief finds you first. The full American Whiskey Industry Brief is at patreon.com/ChasingTheUnicornPodcast. I’m John Schuster. Thanks for joining me. Your unicorn is out there.
The Cut Daily
Listen to today’s episode and find us on Spotify and everywhere you listen at chasingtheunicornpodcast.com/podcast — next episode Monday morning.
Informational and entertainment purposes only. Nothing here is investment advice. Verify before buying, trading, or bidding. We are not liable for errors or financial losses.
Two identical bourbons taste completely different. Same distillery, same mash bill, same $69.99 MSRP — Larceny Barrel Proof A926 and B926 are separated by 2.4 proof points and nothing else. R/bourbon ran the side-by-side 1,100 times this week. The result tells you something about your own palate you probably didn’t expect.
The biggest bourbon story in today’s window isn’t a new release or a corporate announcement — it’s a community experiment that just finished running. Heaven Hill’s Larceny Barrel Proof A926 and B926 are simultaneously on retail shelves for the first time in the expression’s history, giving bourbon drinkers a naturally controlled comparison that most side-by-sides cost secondary-market money to set up. R/bourbon’s comparison thread crossed 1,100 comments this week with a verdict that reframes how wheated barrel-strength proof variation reads in the glass. Today’s edition covers that verdict, the Ohio OHLQ George T. Stagg lottery still open through July 14, a First Sip on what barrel proof actually means and how to use it, and what the Old Fitzgerald Spring 2026 Decanter’s floor erosion tells us about the current secondary correction.
Heaven Hill’s Larceny Barrel Proof A926 and B926 are on the same retail shelf at the same $69.99 price for the first time in the expression’s history. A926 came in at 126.8 proof — a series record. B926 cleared into distribution this week at 124.4 proof. Same mash bill. Same distillery. Same price. One variable: 2.4 proof points.
R/bourbon ran the experiment for us. The comparison thread crossed 1,100 comments and landed on a verdict more layered than a simple “one is better” answer.
Two camps emerged. The B926 camp found the lower proof more expressive on the nose — caramel and stone fruit arriving earlier in the aromatic sequence, with less heat on the front end competing with the wheat-forward character. Bourbon Culture’s side-by-side described B926 as “softer on entry, caramel arriving faster before the fruit catches up.” The A926 camp countered with a longer finish and more integrated wood complexity on the back palate — almond and vanilla that B926 doesn’t fully reach.
The mechanism behind the split matters. Wheated bourbons express proof variation more audibly than high-rye expressions. Wheat as a secondary grain creates less competing heat-driven bitterness, which means a 2.4-point spread in this mash bill family produces a perceptible difference that the same gap in a rye-forward barrel-strength release might not. The community identified this correctly, and it transfers to every future barrel-strength purchase you make in any wheated expression.
Heaven Hill doesn’t target a specific proof for each batch. The variation reflects which barrels hit the palate committee’s selection threshold in a given six-month window. The result is a controlled experiment no release engineer could have designed: same everything, one measurable variable, and a real answer about where the heat-to-aromatic trade-off lands for your palate.
Both batches are on standard distribution through mid-July at $69.99 with no per-account limits. If you have A926 open, pick up B926 for the side-by-side while both are simultaneously available. If B926 is your first Larceny Barrel Proof, the 124.4 proof is the more accessible starting point in the wheated barrel-strength category.
Most bourbon gets cut with water before bottling. The distillery pulls whiskey from the barrel — wherever it landed in proof, which could be 115, 125, or 135 — and adds water to bring it down to a consistent, marketable bottle proof. Barrel proof, also called cask strength, means they skipped that step. What came out of the barrel goes directly into the bottle.
The appeal is transparency. You’re tasting exactly what aged in that specific barrel, with no dilution to smooth or hide anything. The trade-off is intensity — barrel-proof bourbon typically runs 120 to 140 proof, which is a lot for the palate to manage on the first sip.
Here’s what today’s Larceny thread is actually demonstrating: 2.4 proof points — from 124.4 to 126.8 — produced a measurable difference in how the bourbon presents itself. B926’s slightly lower proof gave the wheat-forward aromatic character more room to open on the nose before the heat arrives. A926’s extra proof held the structure together longer on the back palate. Neither is better. But the difference is real and it’s perceptible — which is the whole point of barrel-proof bottling.
Here’s what every experienced drinker eventually figures out: water is a tool, not a concession. Three to five drops opens aromatic compounds that high alcohol locks down. You’re not weakening a barrel-proof pour — you’re tuning it to a different frequency.
What this changes: Try your next barrel-proof bottle three ways — neat, three drops of water, ten drops. The bottle will tell you which version it wants to be.
Floor erosion is how far a bottle’s market price has dropped from its all-time high. At 43.4%, Old Fitzgerald BiB 11-Year Spring 2026 is now selling at secondary for a little over half of what it commanded at its $325 peak in November 2022. That peak came during the pandemic-era boom when any allocated Heaven Hill BiB with a decanter format and an 11-year age statement carried a secondary premium well above its $79.99 MSRP. The current $184 realized price represents a 2.3x retail multiple — still above MSRP, but the direction matters as much as the number. Today’s Label Room confirms the Fall 2026 Old Fitzgerald Decanter just cleared TTB at 100 proof and 11 years, which means a competing allocation is arriving in roughly eight weeks. When a new vintage announcement hits, the prior-season decanter’s floor typically drifts toward the low end of its range within that same window. The spring 2026 decanter’s exit window above $180 is narrowing.
Rickhouse Report: 5 stories · Regional Report: 3 stories
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