I've only smoked a couple half-boxes of Famosos, but one of those boxes (from 1998, smoked last year) had one of the best cigars that I've ever had. It was the kind of cigar where you can't help but just stare at the cigar in your hand in wonderment at how awesome it is, and you forgive that half of the cigars were plugged bricks, even after 10 years worth of shrinkage. (Aside: quality control seems to be much improved these days.)
VR's are (I think) unique in that the wrappers are supposed to all come from Robaina's farm. (I've also heard that all/most/some/none of the tobacco comes from that farm, so YMMV.)
BTW, the 2009 RE for Canada is supposed to be a VR in the Petit Edmundo size (4 3/8" x 52). If the price is relatively reasonable (which is a big if with RE's, IMHO), then it might be worthy of consideration.
As for Cohiba (and Trinidad) and, to a slightly lesser extent, Montecristo, I think there is an awful premium to pay for the name.
You're absolutely right - it isn't fair. However, you have to keep in mind that the clubs, minis, and puritos are licensed, machine-made products, and it appears that different markets get different products - IIRC, the Spanish domestic market gets cigarillos that are (were?) made in Spain (maybe France?) from Cuban tobacco. UK and Canada get ones that are machine-made in Cuba, at least from the boxes that I have had. (I don't know about other countries.) Thus, the Cuban clubs, etc., are not small versions of the 'real' cigars - they're a product unto themselves that share the same brand names. Contrast that to something like the Padron Corticos or Plasencia Nesticos, which are just smaller versions of the Padron / Plascencia Organicas.
Taxation rules and fancy packaging can also skew the value-for-money relationship. For example, the Cohiba clubs found in duty-free shops (mostly) come in a beautiful (to me) 50-count brushed metal canister - but you're paying $20 (before taxes) just for that canister, when compared to the cardboard pack prices.
I guess what I really meant when I said the club's, etc., "aren't worth it," is that I'm making a personal value judgment. I'll take a bundle of budget Cubans over a similarly-priced bundle of (admittedly larger) non-Cubans, but I'll do the reverse when it comes to cigarillo's (in general, I'm ignoring the S-CHIP impact, etc.). YMMV.
As an aside, the cigarillo's that I smoke at the moment are machine-bunched hand-finished Mexican no-names. They're a local close-out that are 20+ years old, and have nicely-yellowed cello.
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