Feb 5th.... but a price of.... $995 for a single slab... Of course the present "jackpot" slab is almost worth the risk.... Still undecided if I'm buying inn What's the #1 prize this time? How about a $50 octagonal PanPac here's a peek at some of the biggies, 1915-S $50 Octagonal $50 Gold Pan-Pac NGC MS64 ($100,000 Instant Offer) 1867 (10) Coin Proof Set NGC PF65/66/67 (4x CAC Coins) ($42,000 Instant Offer) 1795 $1 Flowing Hair 2 Leaves BB-13, B-9 NGC AU50 ($19,000 Instant Offer) 1801 $10 Gold Heraldic Eagle NGC AU53 ($16,500 Instant Offer) 1800 $5 Gold Draped Bust NGC AU55 ($10,500 Instant Offer) 96.92 Gram Yuma, AZ Gold Nugget ($10,000 Instant Offer) There is also an MS 1893cc morgan I wouldn't mind winning.. will make my final call once they release the full list for this release
Holy crap! It still wouldn't induce me to "buy a pig in a poke" (i.e., gamble), but salting the mix with an octagonal Pan-Pac $50 is definitely an incentive! I take back some of the derogatory comments I've made in the past about this VaultBox thing. Some. It's definitely not for me. But hey, if you're gonna gamble, I reckon it's nice to have a chance at stuff like that. Interesting.
Wow! Going the other way now. That's going to be a big gamble. Be interesting to see how many boxes they're selling. Might be hard to get one. The big hits are amazing but would be very afraid what the filler coins will be. The higher the cost the more you stand to lose honestly. Wouldn't be surprised if majority of the hits are valued at 50% of the cost. They're including CAC stickered slabs in this release. Pretty cool. I'm sure many dealers like to play this game since they get to write the purchase off as a business expense so there's massive upside and a more limited downside than the average collector.
I showed Catherine this new series this past weekend and she said, “Well, you better get in there for at least one.” Yeah, $995 is a chunk of change but I’ll say it again and again; I could go have a casino weekend and spend that (or more) and walk out of there with my pants pockets hanging out. Is there risk? Absolutely. Am I going to walk away with SOMETHING? Yes. The odds of hitting one of the top hits shown above are better than any lottery odds. I’ll take my shot.
Good luck! You’re a braver man than I, Charlie Brown! Hope you’ll be postin’ that octagonal Pan-Pac in here…
I'd be tempted to write it off as a gambling loss. That's what it is, gambling. A roulette wheel with a lot more slots for the ball to fall into.
That's what makes it interesting. The odds and the fact that you at least aren't going to lose it all. You may end up getting something you really want even if you don't break even on the deal. If you hit big, it's big. If you don't get what you want you can sell it back and only be out the difference. Should be some better stuff in this batch and more limited availablitly at that price.
That's... actually a bit tempting. But. If I buy in and get one of the loser coins, I've lost money, and that doesn't seem very tempting. If I buy in and get one of the winners, it's going to make me want to gamble more. And that doesn't sound very good, either. I guess I'll watch from the sidelines again.
That's the thing - it's like Vegas or the lottery. The house always wins. I don't see much of a difference between the Vaultbox stuff and gambling, other than you are guaranteed to get something of value. It's the same lure of luck and hoping for a big score. So what exactly are the odds versus the $995 cost of playing? It's like moving from the $5 minimum blackjack table to the $100 table. I bet the odds are close to the same or worse for #9. The potential value if you win got bigger but so did the cost. The times I've gambled in Vegas left me feeling sick - I could have had a nice dinner instead of throwing money down the drain.
I've seen very little about these vaultbox items so, for those of you who are more seasoned in them, is this typically just a buy-in (of sorts) to essentially a lottery pool of a handful of crazy-good prizes? What do you get as a consolation prize? For $1k buy-in, I'd be incredibly upset if I walk away with a $200 coin. My luck has worn itself thin decades ago. I should've died in a car accident in 2000 and I've been blessed with every day since. I've also gotten shocked worse than 100% of homeowners and a good portion of electricians and am still kicking. What's the minimum you get for $1k in this chance?
Always going to be the "rational, play it safe" people and the "nothing ventured, nothing gained" gambler. As long as adults realize it's a gamble, it's just a form of entertainment. I've enjoyed watching many VB breaks on youtube (while doing other things), but have to say the vast majority are gut wrenching to watch. And that's just feeling empathy for another collector's wallet. Not going to sugar coat it. Have seen a few great hits too. Would encourage anyone to go watch them. Fairly entertaining for a collector. This will be a pretty penny to risk on one coin that could be anything. Some of the stuff can be very underwhelming in order to offer what they do and still make a profit. Afraid to see what the full list will be.
Unknown yet. But in past boxes that retailed for $600 plus shipping I've seen people pull under $300 in buy back value. They seem to at least keep it around 50% at worst. I saw one that had three coins in it and somebody ended up with two of the same coin. Supposedly NGC packs them randomly. There's always a lengthy list of the smaller stuff you don't want to get to make it possible. Early on they sprinkled in a lot of graded ASEs. They'd also sprinkle in 1/10th oz platinums which would get people excited until you realize platinum is 1/3rd the value of gold these days. No longer 2008. Often times there are 5 to 10 of the same example of coin in same grade mixed in the overall series batch. They also include odd, but neat stuff that's difficult to tell what the value is such as gold nuggets of various sizes from different places. You can look up the instant offer once you have it in hand to find out what they'll buy it back for, no questions asked, or sell it yourself on the open market. Everyone hopes for a red core because then you know for sure you at least "won" but they're sparse. Have heard there's only one in six cases for one offering.
Why is it that when I drop 30 bucks on a few NFL parlays through legal sportsbooks, they show me the phone number for gambling addicts, but if I were to spend $1000 on a coin that I haven't seen and have no choice in what I get but have a chance for something worth 5 or 6 figures or something worth less than what I paid for, it's perfectly fine? Seems like gambling to me... without the forced guilt, or regulations... Can't wait for the lawsuits on this garbage.
I see this as closer to Opening a pack of cards than gambling. Although there is an element for sure. I've participated once, I bought myself and my father a vaultbox 5(?). I think it was 5, they were $400 each. Neither of us hit, we both made out with $200 coins we liked. I don't have an issue spending higher amounts on a coin but my dad would never. I was really just hoping he would hit something cool, either way we made an afternoon of it and had some fun. I probably wouldn't do it again as they tend to be US coin focused and I only collect Mexico, but maybe they'll do a world coin focused release someday. I'd rather spend my money at a show chasing exactly what I want but I don't see the harm once in a while.
It's an interesting question where this falls legally. It's sort of like a raffle but everyone wins a prize. Legalities of raffles vary by state but you have to be a non-profit, so it's not that. I'm sure they've covered themselves legally but how? Is everyone technically buying something, they just don't know what they're buying and how badly overpriced it is?