@RiveraFamilyCollect said:
The bounty program seemed like a way to get people to buy multiple VB boxes, it doesn't seem possible to actually collect a whole bounty set. The odds are just really long.
I don't think it's designed to get people to buy more boxes because they announced it today not day of sale.
All the VB releases had them. It is almost definitely designed to create a secondary market.
@jmlanzaf said:
do you have market research showing that children don't like scratchers
You can just say "I am being obstinate" instead of making bad points angrily.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
@jmlanzaf said:
do you have market research showing that children don't like scratchers
You can just say "I am being obstinate" instead of making bad points angrily.
You asked me for evidence. Why is it "angry" if I do the same?
Rather than being "obstinate" I resesrched it. You're the one stubbornly sticking to an affirmative statement with no evidence.
The fact is that scratch off games exist for kids. And some psychology studies suggest the appeal of scratch-off lottery tickets among children is a gateway to adult gambling issues. The NY State lottery commission actually issued an advisory asking that parents not buy scratch offs as gifts for children for this reason.
@jmlanzaf said:
Rather than being "obstinate" I resesrched it. You're the one stubbornly sticking to an affirmative statement with no evidence.
You googled Scratchers for kids. You didn't "Research" anything. And then you immediately say that kids shouldn't use scratchers invalidating your point that kids' scratchers exist. I understand that you are frustrated and don't like me but the things you say to discredit me are hilariously shallow.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
@jmlanzaf said:
Rather than being "obstinate" I resesrched it. You're the one stubbornly sticking to an affirmative statement with no evidence.
You googled Scratchers for kids. You didn't "Research" anything. And then you immediately say that kids shouldn't use scratchers invalidating your point that kids' scratchers exist. I understand that you are frustrated and don't like me but the things you say to discredit me are hilariously shallow.
Speaking of children.....knock it off! You are 2 grown ass adults!🤣😂
@jmlanzaf said:
Rather than being "obstinate" I resesrched it. You're the one stubbornly sticking to an affirmative statement with no evidence.
You googled Scratchers for kids. You didn't "Research" anything. And then you immediately say that kids shouldn't use scratchers invalidating your point that kids' scratchers exist. I understand that you are frustrated and don't like me but the things you say to discredit me are hilariously shallow.
Read more carefully. I actually pulled the psych literature on children and scratch offs. The warning referred to actual gambling scratch offs. If you look at the ones that are marketed to kids, they don't involve money. [I added pictures to an earlier post.]
Here they are again. They DO exist. You can buy some on Amazon.
I'm not attempting to discredit you. I'm discrediting the point you tried to make and that you are "obstinately" clinging to despite evidence to the contrary.
You can Google it if you wish. I recommend Google scholar to get actual peer-reviewed papers. It's rather interesting.
You should stop taking things so personally. It's not a good look.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
@jmlanzaf said:
Kids would absolutely play them. In fact, 10 seconds of searching "scratch of games for kids" would actually show you the facts. That's not a much fun as making them up, of course.
Do you personally have fond memories of scratching kids scratchers or are you just being obstinate?
No scratchers for me as a kid but sure remember playing bingo. Same thing. Games of chance seem to be a part of our culture. I remember when the lottery first came to Ca when I was young. My dad got some from mom for his birthday and I definitely wanted to help him scratch them
@NJCoin said:
True. But, the degenerate gambler, not even scratching off the scratch off, and just handing over their money and taking the loss, really has a problem.
Scratching a card being fun is the cover they use to exploit gambling addicts. Scratchers aren't fun they are boring. They don't print "No $" scratchers for kids because scratchers aren't a fun game.
Kids would absolutely play them. In fact, 10 seconds of searching "scratch of games for kids" would actually show you the facts. That's not a much fun as making them up, of course.
Edited to add pictures:
Governments like these offerings. Get them while they are young. Lays the psychological groundwork.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@WQuarterFreddie said:
Nice. Now we are debating the merits of scratch off tickets. 😂🤣
Getting back on topic. There is a huge flaw with the VB Bounty program. What if one of the listed coins get sold back to VB?
That would make the set impossible to collect and win the prize.🙄
Now you're starting to get a clue. Impossible to win a prize from VB, yet stimulating demand and getting people to pay more than market to chase a prize they can't win.
Very consistent from the folks charging far above market for sealed boxes with lottery tickets enclosed, and marketing them with staged box breaks conducted by influencers. Just keep loudly and proudly shilling for them.
@RiveraFamilyCollect said:
The bounty program seemed like a way to get people to buy multiple VB boxes, it doesn't seem possible to actually collect a whole bounty set. The odds are just really long.
No, bounties are not about sealed boxes. They are about creating an inflated secondary market for the slabs, inducing multiple people to spend a small fortune chasing one prize.
Like a Ponzi scheme, it is bound to eventually collapse. But, in the interim, some people make a ton of money from the masses. And, adding on to Freddie's point, since this entire enterprise is not regulated, we never even know whether prizes are ever paid out, whether or not specific coins are sold back to VB.
It's all BS. It seems like the only intelligent people involved are sellers or flippers.
New poster here. I've been collecting for the last few years, though I started collecting coins as a kid and then stopped when I realized that my allowance wasn't going to let me buy anything beyond a few old pennies.
I found the Vaultbox idea fascinating, though I was not able to get hold of the first release (sold out). When the 2nd release came out, I bought two boxes and tried my best to figure out how to determine what was in the box. My theory was that by weighing the box you could potentially figure out whether you had a silver eagle or fractional gold/platinum, and of course with a metal detector you could determine exactly what metal was inside. Unfortunately, they put random plastic cards inside to offset the weights of the coins. Ha! But it would have worked on the first series.
So what did I get? My two "rare" coins were a $25 2002 Platinum Eagle and a 2021 MS70 Morgan (s). I sold both on Ebay for about retail price. One of my "uncommon" coins was a 2013 Enhanced Reverse Proof Silver Eagle in PF70, which was a coin on my wishlist so I kept that one. Sure, I lost money, but it was fun.
Now, I wasn't really interested in Series 3, so I bought 2 and sold them both on Ebay for twice what I paid for them, thereby making back any money I lost on buying Series 2. I'm doing the same with Series 4, but I think the profit margin is going to be much narrower than the previous versions.
Anyway, I know it's gambling, but in my opinion, I don't believe anyone who buys these things believes otherwise. Based on the odds, I wouldn't pay what some people pay for these boxes on the secondary market ($1000+) but as one previous poster opined, it's not like you open the box and get nothing. There is value in the coin(s) you do get, and they may even rise in value to offset whatever hit you took buying the box,,,but it may take a few years. One certainly can't say that with regards to lottery tickets or casino games.
For what it's worth, I was looking for a 2021 Peace Dollar in MS-70 at the Long Beach show in September. Out of 6 dealers, none would go lower than $400, and most were closer to $500. Those numbers might be overpriced, but in no way is this a $225 coin. Maybe on Heritage or GC on a slow night, but not at retail.
@Jcc1876 said:
New poster here. I've been collecting for the last few years, though I started collecting coins as a kid and then stopped when I realized that my allowance wasn't going to let me buy anything beyond a few old pennies.
I found the Vaultbox idea fascinating, though I was not able to get hold of the first release (sold out). When the 2nd release came out, I bought two boxes and tried my best to figure out how to determine what was in the box. My theory was that by weighing the box you could potentially figure out whether you had a silver eagle or fractional gold/platinum, and of course with a metal detector you could determine exactly what metal was inside. Unfortunately, they put random plastic cards inside to offset the weights of the coins. Ha! But it would have worked on the first series.
So what did I get? My two "rare" coins were a $25 2002 Platinum Eagle and a 2021 MS70 Morgan (s). I sold both on Ebay for about retail price. One of my "uncommon" coins was a 2013 Enhanced Reverse Proof Silver Eagle in PF70, which was a coin on my wishlist so I kept that one. Sure, I lost money, but it was fun.
Now, I wasn't really interested in Series 3, so I bought 2 and sold them both on Ebay for twice what I paid for them, thereby making back any money I lost on buying Series 2. I'm doing the same with Series 4, but I think the profit margin is going to be much narrower than the previous versions.
Anyway, I know it's gambling, but in my opinion, I don't believe anyone who buys these things believes otherwise. Based on the odds, I wouldn't pay what some people pay for these boxes on the secondary market ($1000+) but as one previous poster opined, it's not like you open the box and get nothing. There is value in the coin(s) you do get, and they may even rise in value to offset whatever hit you took buying the box,,,but it may take a few years. One certainly can't say that with regards to lottery tickets or casino games.
For what it's worth, I was looking for a 2021 Peace Dollar in MS-70 at the Long Beach show in September. Out of 6 dealers, none would go lower than $400, and most were closer to $500. Those numbers might be overpriced, but in no way is this a $225 coin. Maybe on Heritage or GC on a slow night, but not at retail.
Welcome.
I think that summarizes things nicely. We all have fun in different ways.
@WQuarterFreddie said:
Speaking of children.....knock it off! You are 2 grown ass adults!🤣😂
Facts not in evidence, counselor.
Maybe that's why I'VE never been in jail.
No..... because you're a teacher's pet with the Mod.
As far as a bounty, go to Vegas and set points at a craps table. Cheaper...and more fun.
A certain number of people will become compulsive gamblers, that is a fact. Of course it's legal to promote gambling in some States.
Numismatics = Gambling....ouch.
@Jcc1876 said:
New poster here. I've been collecting for the last few years, though I started collecting coins as a kid and then stopped when I realized that my allowance wasn't going to let me buy anything beyond a few old pennies.
I found the Vaultbox idea fascinating, though I was not able to get hold of the first release (sold out). When the 2nd release came out, I bought two boxes and tried my best to figure out how to determine what was in the box. My theory was that by weighing the box you could potentially figure out whether you had a silver eagle or fractional gold/platinum, and of course with a metal detector you could determine exactly what metal was inside. Unfortunately, they put random plastic cards inside to offset the weights of the coins. Ha! But it would have worked on the first series.
So what did I get? My two "rare" coins were a $25 2002 Platinum Eagle and a 2021 MS70 Morgan (s). I sold both on Ebay for about retail price. One of my "uncommon" coins was a 2013 Enhanced Reverse Proof Silver Eagle in PF70, which was a coin on my wishlist so I kept that one. Sure, I lost money, but it was fun.
Now, I wasn't really interested in Series 3, so I bought 2 and sold them both on Ebay for twice what I paid for them, thereby making back any money I lost on buying Series 2. I'm doing the same with Series 4, but I think the profit margin is going to be much narrower than the previous versions.
Anyway, I know it's gambling, but in my opinion, I don't believe anyone who buys these things believes otherwise. Based on the odds, I wouldn't pay what some people pay for these boxes on the secondary market ($1000+) but as one previous poster opined, it's not like you open the box and get nothing. There is value in the coin(s) you do get, and they may even rise in value to offset whatever hit you took buying the box,,,but it may take a few years. One certainly can't say that with regards to lottery tickets or casino games.
For what it's worth, I was looking for a 2021 Peace Dollar in MS-70 at the Long Beach show in September. Out of 6 dealers, none would go lower than $400, and most were closer to $500. Those numbers might be overpriced, but in no way is this a $225 coin. Maybe on Heritage or GC on a slow night, but not at retail.
First, welcome to the forum and I am honored you chose this thread to make your first comment.😎
I have taken much grief from some members over trying to discuss VB series 1, 2 and 3. I even got put in jail during my Series 3 thread.🤣😂
However, I have been persistent and now I am happy to see this Series 4 thread has not been closed or vaporized yet. Honestly, it looked like the thread was headed to page 3 with a quiet and successful ending before you brought it back to page 1.😂🤣
Therefore, I will provide the update that I just left my friend at his LCS and it turns out he did not have any of the 2021 Peace Dollars after all. They were the 2023 versions!🤣😂
Needless to say he was a little embarrassed.....
Also, the VB buyback offer is $250 not $225. I truly appreciate your post, I gave you a like and I look forward to your future posts regarding VB.😎
You're right, it was $250. And what your dealer friend says makes sense, the 2023 Peace Dollars tend to be selling for between $140-$180 in MS-70. I did manage to pick up a 2021 Peace Dollar on Heritage Auctions recently. It was $260 but then with buyer's commission it went up to $312 (plus of course sales tax and shipping), so a bit of a discount but not by much.
@WQuarterFreddie said:
Glad to hear confirmation that a regular buyer got lucky! Should help to prove that VB doesn't control who gets a box.😎
Only proves VB doesn't control who gets **all ** the good boxes. Or no longer controls it, since it accomplished what it set out to do in the first few rounds.
Doesn't matter, because it's a terrible deal even with a level playing field. But, congratulations to the lucky winner. And, congratulations to all the unlucky losers who hopefully got their money's worth with the thrill of the rip, as you apparently did with your VB 3 score that you have thus far hid from public view, while parading your $300+ VB 4 score around for all to see.
I have a lot more faith that a VB launch is not rigged than an Ultra-break. The Ultra-breaks all seem to have been allotted out to resellers before they even went on sale. If you told me UB riggs the system to get winning sets to the people in the know I wouldn't be surprised.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
Comments
All the VB releases had them. It is almost definitely designed to create a secondary market.
You can just say "I am being obstinate" instead of making bad points angrily.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
Not if VB sells it again. Now you're Mr NJ, assuming the worst.
You asked me for evidence. Why is it "angry" if I do the same?
Rather than being "obstinate" I resesrched it. You're the one stubbornly sticking to an affirmative statement with no evidence.
The fact is that scratch off games exist for kids. And some psychology studies suggest the appeal of scratch-off lottery tickets among children is a gateway to adult gambling issues. The NY State lottery commission actually issued an advisory asking that parents not buy scratch offs as gifts for children for this reason.
Carry on...
You googled Scratchers for kids. You didn't "Research" anything. And then you immediately say that kids shouldn't use scratchers invalidating your point that kids' scratchers exist. I understand that you are frustrated and don't like me but the things you say to discredit me are hilariously shallow.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
Speaking of children.....knock it off! You are 2 grown ass adults!🤣😂
You earned an LOL from me! 😂🤣
Read more carefully. I actually pulled the psych literature on children and scratch offs. The warning referred to actual gambling scratch offs. If you look at the ones that are marketed to kids, they don't involve money. [I added pictures to an earlier post.]
Here they are again. They DO exist. You can buy some on Amazon.
I'm not attempting to discredit you. I'm discrediting the point you tried to make and that you are "obstinately" clinging to despite evidence to the contrary.
You can Google it if you wish. I recommend Google scholar to get actual peer-reviewed papers. It's rather interesting.
You should stop taking things so personally. It's not a good look.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
No scratchers for me as a kid but sure remember playing bingo. Same thing. Games of chance seem to be a part of our culture. I remember when the lottery first came to Ca when I was young. My dad got some from mom for his birthday and I definitely wanted to help him scratch them
My Ebay Store
Governments like these offerings. Get them while they are young. Lays the psychological groundwork.
Now you're starting to get a clue. Impossible to win a prize from VB, yet stimulating demand and getting people to pay more than market to chase a prize they can't win.
Very consistent from the folks charging far above market for sealed boxes with lottery tickets enclosed, and marketing them with staged box breaks conducted by influencers. Just keep loudly and proudly shilling for them.
No, bounties are not about sealed boxes. They are about creating an inflated secondary market for the slabs, inducing multiple people to spend a small fortune chasing one prize.
Like a Ponzi scheme, it is bound to eventually collapse. But, in the interim, some people make a ton of money from the masses. And, adding on to Freddie's point, since this entire enterprise is not regulated, we never even know whether prizes are ever paid out, whether or not specific coins are sold back to VB.
It's all BS. It seems like the only intelligent people involved are sellers or flippers.
Facts not in evidence, counselor.
ANA 50 year/Life Member (now "Emeritus")
Maybe that's why I'VE never been in jail.
New poster here. I've been collecting for the last few years, though I started collecting coins as a kid and then stopped when I realized that my allowance wasn't going to let me buy anything beyond a few old pennies.
I found the Vaultbox idea fascinating, though I was not able to get hold of the first release (sold out). When the 2nd release came out, I bought two boxes and tried my best to figure out how to determine what was in the box. My theory was that by weighing the box you could potentially figure out whether you had a silver eagle or fractional gold/platinum, and of course with a metal detector you could determine exactly what metal was inside. Unfortunately, they put random plastic cards inside to offset the weights of the coins. Ha! But it would have worked on the first series.
So what did I get? My two "rare" coins were a $25 2002 Platinum Eagle and a 2021 MS70 Morgan (s). I sold both on Ebay for about retail price. One of my "uncommon" coins was a 2013 Enhanced Reverse Proof Silver Eagle in PF70, which was a coin on my wishlist so I kept that one. Sure, I lost money, but it was fun.
Now, I wasn't really interested in Series 3, so I bought 2 and sold them both on Ebay for twice what I paid for them, thereby making back any money I lost on buying Series 2. I'm doing the same with Series 4, but I think the profit margin is going to be much narrower than the previous versions.
Anyway, I know it's gambling, but in my opinion, I don't believe anyone who buys these things believes otherwise. Based on the odds, I wouldn't pay what some people pay for these boxes on the secondary market ($1000+) but as one previous poster opined, it's not like you open the box and get nothing. There is value in the coin(s) you do get, and they may even rise in value to offset whatever hit you took buying the box,,,but it may take a few years. One certainly can't say that with regards to lottery tickets or casino games.
For what it's worth, I was looking for a 2021 Peace Dollar in MS-70 at the Long Beach show in September. Out of 6 dealers, none would go lower than $400, and most were closer to $500. Those numbers might be overpriced, but in no way is this a $225 coin. Maybe on Heritage or GC on a slow night, but not at retail.
Welcome to the group! Great first post!
Welcome.
I think that summarizes things nicely. We all have fun in different ways.
No..... because you're a teacher's pet with the Mod.
As far as a bounty, go to Vegas and set points at a craps table. Cheaper...and more fun.
A certain number of people will become compulsive gamblers, that is a fact. Of course it's legal to promote gambling in some States.
Numismatics = Gambling....ouch.
First, welcome to the forum and I am honored you chose this thread to make your first comment.😎
I have taken much grief from some members over trying to discuss VB series 1, 2 and 3. I even got put in jail during my Series 3 thread.🤣😂
However, I have been persistent and now I am happy to see this Series 4 thread has not been closed or vaporized yet. Honestly, it looked like the thread was headed to page 3 with a quiet and successful ending before you brought it back to page 1.😂🤣
Therefore, I will provide the update that I just left my friend at his LCS and it turns out he did not have any of the 2021 Peace Dollars after all. They were the 2023 versions!🤣😂
Needless to say he was a little embarrassed.....
Also, the VB buyback offer is $250 not $225. I truly appreciate your post, I gave you a like and I look forward to your future posts regarding VB.😎
You're right, it was $250. And what your dealer friend says makes sense, the 2023 Peace Dollars tend to be selling for between $140-$180 in MS-70. I did manage to pick up a 2021 Peace Dollar on Heritage Auctions recently. It was $260 but then with buyer's commission it went up to $312 (plus of course sales tax and shipping), so a bit of a discount but not by much.
I should add that the Peace Dollar was in a very nice PCGS holder as well.
I prefer PCGS holders over NGC.....😎
WOW!
Just found out a fellow chat member on YouTube, had just pulled one of the TOP 5
"RED CORE" Chase Pieces!
YES!
The Covenant
1879CC 9.2 Morgan Dollar
WOW! Vault Box has an offer for $7000+
Yes, over $7000!
My friend said, "He definitely is NOT taking that offer!
WOW!
Congratulations to him.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Wow.
Glad to hear confirmation that a regular buyer got lucky! Should help to prove that VB doesn't control who gets a box.😎
Only proves VB doesn't control who gets **all ** the good boxes. Or no longer controls it, since it accomplished what it set out to do in the first few rounds.
Doesn't matter, because it's a terrible deal even with a level playing field. But, congratulations to the lucky winner. And, congratulations to all the unlucky losers who hopefully got their money's worth with the thrill of the rip, as you apparently did with your VB 3 score that you have thus far hid from public view, while parading your $300+ VB 4 score around for all to see.
I have a lot more faith that a VB launch is not rigged than an Ultra-break. The Ultra-breaks all seem to have been allotted out to resellers before they even went on sale. If you told me UB riggs the system to get winning sets to the people in the know I wouldn't be surprised.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
Isn’t this equivalent to a MS62?
Worth bit more than 7000 maybe, but I would have probably taken the money. Either way that was a great result…!
Agreed, 7k seems like a pretty good offer for an NGC 62. Perhaps the label might add more value but who knows.
Founder- Peak Rarities
Website
Instagram
Facebook
Yes, I'm going to go on a limb and guess, this Gem, the fact it's in the exclusive holder.
Will hit the 5 figure point!
Very soon too.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.VaultBox just sent out a survey regarding Series 4 and future releases. They are going to have a drawing for 3 sample slabs FWIW.
Philippians 4:4-7
Yes. I completed the survey this morning 😉
They will throw their money away on anything.
Reminds me of the Beanie Baby thing.