pitch-and-toss (n.)
1810, from pitch (v.1) + toss (v.).
A game in which the players pitch coins at a mark, that one whose coin lies nearest to the mark having the privilege of tossing up all the coins together and retaining all the coins that come down " head " up. The next nearest player tosses those that are left, and retains all that come down "head" up, and so on until the coins are all gone. [Century Dictionary]