I'm not advocating for VB and have never played personally, (yet) but if you look around and take in how many people waste big money on so many different things, this offering starts to look really tame in comparison. I don't go to the casinos but I watch a guy on youtube occasionally for entertainment. Just watched these guys do $750 spins on one machine for 37 minutes. They ended up sinking $110k into the machine and getting only $66k back with a big hit in the end. Down $43k for a 37 minute video. (Was almost much worse. They had to kick in that last 10k to hit.) I've been seeing mobs of adult men, running over each other at Costcos, fighting over the latest releases of boxes of Pokemon cards for $500- $1000. People getting knocked down and boxes getting wrestled away from people on the floor. There are presidential charity events that charge $32k a plate and these people get little to no access. This stuff goes on, it's just not known to most people. That doesn't lessen the percentage this risk would be to our budgets or justify it, but there are plenty of people that will buy five if they can and this offering will sell out immediately. It's not surprising that companies would wish to take advantage of that market. On a somewhat amusing note, somebody sent me an image from a high end fashion company that is selling imitation, "pee-stained jeans" now for $800 and they instantly sold out.
I remember the first time I drew more than $100 cash out of a bank. I was practically shaking as I carried it out. I'm still nervous about risking large amounts of money, although the definition of "large amount" has changed (partly from inflation, partly from prosperity, partly just from time spent as an adult). I can understand intellectually that some people can toss around a hundred thousand without losing sleep, but I don't think it'll ever really sink in at a visceral level.
OH! wait Lord, you said you wanted a 50 Ocoto! here's your chance $100,000 bounty and a 120,000 VALUE! Pull THE $1000 Dollar TRIGGER
LOL 20-25 bucks is the limit for how far I’ll go in “buying a pig in a poke”. I’ll gamble once in a blue moon, but only when the stakes are small!
I rather enjoy the vault box openings. Have only watched a few but they were entertaining. Not much of a gambler myself. I bought one of those scratch off things back in the 1990's. I still dwell on my loss. I'm dutch. james
I dunno, I can buy myself a really pretty coin for $1k and I know exactly what I'm getting. I understand the allure and, to be frank, am drawn to it because of the "chance" of actually getting one. But my luck is seriously awful these past couple decades. Outside of analyzing everything to the point of cost vs potential return, this just seems like an overpriced scratch-off ticket that you'll at least get something for in return. It might only be 10% of value in what you put in, maybe 35-50%, maybe the sky is the limit? Personally, I walked away from gambling a long time ago (with the exception of a $2 ticket on whichever massive jackpot lottery there is) and would think worse of myself if I were to try my hand at this. I just know I'd get skunked! LOL!
Ever bought a $1000 raw coin at auction that you thought they missed something sent it in add $45 and wait a month only to see Details cleaned / ex jewelry? Not much difference! Just saying your pig poke it the way you want!
Similar in some ways, I guess - but there's also an element of skill in your example. Vault box doesn't even pretend to give you a chance at outsmarting the system.
Buying a raw coin is a gamble. Buying a slabbed coin is a gamble that the graders didn't miss something (it happens). Crossovers hoping to profit are a gamble. Lots of gambling in coin collecting. VaultBox is a whole other animal though.
The distribution list is out for this series: 348 Red core 122 Holo core with Red core value 274 Holo core 1,562 Black core https://vaultbox.com/distribution/series9/
So $2,294,470 at $995 each. It would be interesting to know what the total real value is, but I'm not looking up 2306 coins.
Well the top 6 account for 8.6% of the sales so there's a lot of "play" left for the remaining 2300. lol Only goes down from there. A 1 in 2,306 shot at 100k is the best odds you'll ever have at that amount but this is an expensive raffle! Going to check out what all is offered. Thanks for posting. EDIT: OK I'm back. Ugh, so many cool things! But a lot of people going to get skunked! One of the bottom ones is a 4 gram gold nugget. There are a lot of gold nuggets in this one. If you go down the list, an 11 gram gold nugget at current spot price is around the break even point. Above that is a win, below that you're overpaying at current melt. Many weird stuff and error coins I have no idea about. Many nice 1C options in late IHC and early Lincolns that would be great to have but you'd still be down $500 or so. Some extremely high grade commemoratives that are right at the cut off before the big jump and not break evens. Saw six 1921 Peace High relief. Five 64s and one being a MS64+. If you get a 21 Peace high relief its a big win. But again, dozens of gold nuggets of various sizes! Lots of platinum that will be hard to break even on at current spot. Just be ready to be down 5 to $600 on the buy back if you roll the dice. The gold nuggets at the bottom are pretty small.
I also noticed all the small gold nuggets and error coins. If I "won" either of those, I'd be like, what am I going to do with this? There's a lot of stuff in there that a lot of people don't collect. I can't recall if previous ones were like this too.
I don't realistically need the Octagon but sure would like one of 2 1915 s $1.00 golds to fill my Red Book!
Was just cherry-picking today's raffle. In addition to the 15 s Octo, the 1855 dbl eagle ms61 and the 1801 eagle AU 53 not too shabby either!
I guess it's officially launched. As long as I stay off the Vaultbox site and don't open my e-mails, I'll be OK, but I'm no match for the marketing machine that they use. Who was it that tempted someone somewhere by offering them untold riches or a VAULT BOX !
Had an issue with the card I had on my account. Put in another card ........ series sold out!! Oh well, better luck next time.
I had the same a expired card but didn't fix as I was second guessing because I really need a 1915 s pan-pac 1.00 gold and have bids in for a ms64. My wife would kill me if I bought both! We'll both wait for the Weasel report LOL
