Received an e-mail from Vault box for their latest offering, Dynasty Vault Box. They've got some real winners in this one, but.........................the cost is $1650.00! I've partaken of this program a couple of times, did very well once, not so good the second time, but still significantly ahead. $1650,00 is waaaay past the red line for my interest.
I'd sure love to have that 1859 proof set. I'd sure hate to blow $1650 just for a chance at it. I'm put off by the whole VaultBox concept to begin with, but this sure seems like one of their least tempting offers.
Are those 5 "red core hits" shown on their site the top ones and listed in descending order of value? 5th place instant offer is only $6000. I'm no gambler but that doesn't seem to be much payout for a $1650 raffle ticket, given the odds/risk. Presumably everything else is a lot less than that, but I don't see a full list like the previous offerings.
I think you have to check back at their website for the distribution list. The last one ($460,00) didn't have enough quality coins to risk that amount, but I can't imagine what kind of distribution list would merit a $1650 raffle ticket.
I ran the odds on this once as I was considering doing it but once you look at the odds of the high value wins compared to the low values its not so attractive but interestingly you can work out more or less what the promoter is grossing and its a lot. It's better odds than the lottery but absolutely no guarantee that you will clear your money, the math is also interesting when you take the top prizes and divide them by the boxes so its hundreds to one against getting your money back. It is an exciting concept though if you gamble but its like any gambling the odds are always in favour of the house. If these were cash prizes I do not think it would get off the ground but of course the bait for collectors is acquiring something that would normally be outside of their budget or an "exotic" purchase. I do get a lot of fun watching people open boxes though. I can think of better things to do with $1650 to further my collection.
I've generaly had good luck with vaultbox.. over all the ones i've bought into Most broke about even (4-5), 2 were real wins and one major loss. I've also tried a few of the other companys out there with mystery/rip it offers and those were all crap.. (worst being getting an ms61 22 peace dollar for $200 in a pack/box that was supposedly all "key date coins") At least with vaultbox, even the losing set I got I walked away with some nice coins even if I overpaid a little Most "raffles" or gambleing do not give you a consolation prize.. vaultbox does But I agree until I see the full distribution list this one seems about one of their worst offers yet.. don't think I'll be buying in this time.
