Saw this at an antique shop... not sure what it is... Anyone? Silver King Coin Board Gambling?

Was at an antique shop earlier today and came across this. It looked pretty neat with the images of coins, but wasn't in the best of condition. All of the spots with coins are recessed and would appear to hold coins like a Whitman folder. Didn't seem too old either as the images of the Kennedy Halves are dated 1967. Just really didn't know what it was. Seems people were buying chances for 25 cents each to try to win up to $25.00 each. But were there coins in the board to win as well? Or did the gamblers put the coin in? Also, several of the holes in the board were punched out. The board is probably around 18" x 24" in size and around 1" thick. Was on the fence about whether to buy it or not but figured I'd see if anyone knew what it was and/or how this worked.



Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
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No idea how it actually worked/works.
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Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>That item is an old "punchboard". My grandfather used to have these in his tavern. A quarter got you one "punch" and the number within was either a loser(most of the time) or a winner of anything from one dollar to $1350.00, according to the example shown. These were illegal and very popular back in the day. >>
The board only appears to have $625 in revenue from the "punches." The pay out would be much less than the revenue.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>The pay out would be much less than the revenue. >>
Herein lies the concept of gambling
<< <i>The board only appears to have $625 in revenue from the "punches." The pay out would be much less than the revenue. >>
They revenue would be hurt since I'm sure sales drop off dramatically once you get down to, say, 1/4 of the slots left, and the folks in the bar keep track which "big prizes" have been won.
There are 5 $25 winners ($125), and there are 64 numbers called out as $1 winners ($64)....14 Red silver dollars ($14+?)....12 blue Kennedy halves, presumably 40% or 1964 silver ($6+)....But the board is oddly silent on how many $15 through $2 winners there are.
The owner could still clear a couple hundred, maybe?
<< <i>I think if someone got ticket number 1350 they would get the silver dollar in that spt as those spots look like they held coins at one time with the images behind the actual coins. >>
Try this.
Worthpoint has some other examples
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Usually the owner of the board would remove the board when most of the holes had been punched out if several of the better prizes had not been won to increase thier proffit. On more than one occasion I have found the boards with only a few punches left(say 100) with several good prizes left.Then you could pay the $25 and get all the remaining prizes and coins.However the coins were usually polished up nicely to give the non informed the appearance of nicer coins.
That's cool. Here is another example with a larger image and still wrapped in the plastic! CLICK HERE:
Great transactions with oih82w8, JasonGaming, Moose1913.
<< <i>
<< <i>The pay out would be much less than the revenue. >>
Herein lies the concept of gambling
Yep ... my point was that a pay out greater than $625 is nonsensical.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>Wabbit did you read that listing it had the coins in it. >>
I did, and it sure is cool. I guess there is no way to prove if someone put that together later on, but the board is brand new.
Used a paperclip to punch out the slip of paper in the board.
They died out long ago without much said where I was. The video poker machines next to the video arcade games went out with more of a stink.
<< <i>you can still find bars in Northern WI with similar things. Usually the prizes are bottles of booze around here >>
...the best prize possible is a bottle of booze when in a bar, cause any monies won would just be spent on the next round with tip
Erik
<< <i>I remember playing some of those years ago. It was a 2500 punch board which would bring .25 per punch or $625.00
Usually the owner of the board would remove the board when most of the holes had been punched out if several of the better prizes had not been won to increase thier proffit. On more than one occasion I have found the boards with only a few punches left(say 100) with several good prizes left.Then you could pay the $25 and get all the remaining prizes and coins.However the coins were usually polished up nicely to give the non informed the appearance of nicer coins. >>
This example of removing the board angle applies to those fish bowl pull tabs. Owner would keep track of the payouts,when possible. Once it was established the "bigger fish" were still in there,bar owner would "reel in" them.
<< <i>That wasn't 1,350 silver dollars. The rolled up piece of paper somewhere on that board with number 1350 on it won you one of the larger prizes. I think you peeled up that picture next to the 1350 and the prize ($2 or $10 or $15 or $25) underneath was revealed. >>
agreed
BHNC #203
Start at the 5 minute mark.............
Cheating on punch boards.....................