@MsMorrisine said:
too many coins extant and too few VB players to affect coin market. i just see some potential collectors being burned out of the hobby
And I see new collectors being brought in to the market as well to start a new hobby.😉
I don't think they realize that it is a different type of collector.
I just bought a collection of silver that was all PCGS/NGC world-wide NCLT. Very pretty but most of it not worth more than melt. All of it cost much more than melt. But the guy who had owned it had fun with it. He had zero classic U.S coins despite collecting for 20 years.
There is no reason that someone can't enjoy mystery games. Put together a random collection of coins they enjoy and never put together a classic coin collection like a lot of people here. But they have FUN.
Agreed. Many have fun while being exposed to different coins and grades.
In the end they may make money or lose money but they still hold the coin, show it to others and hopefully they become interested in starting their own collection. 😎
The majority lose money, and a lot.......................
There is a bottom to the loss and you know that before you buy one if you take the time to do your homework.
VB website lists ALL of the coins ahead of the sale so you can see your odds and potential loss.
Unlike gambling, you don't lose your entire bet because VB gives all buyers the opportunity to sell their coin back to VB.
It’s not “unlike gambling”, it is gambling. The fact that participants don’t lose their “entire bet”, doesn’t change that.
Please note, I’m not condemning the activity, just opposed to any attempt to distinguish it from gambling.
@SethChandler said:
This is the first thread that I’ve ever seen about mystery boxes that is someone positive and civil.
Go VB!
Took a couple of years and lots of painful moments.! Most of my threads were shutdown. I was accused by a few members of being a VB "insider"and I stopped trying to post any new threads after VB 3.
I took a break from the forum for over 6 months only to come back and see that Whitter Brick mystery boxes were somehow ok to discuss but I still didn't post anything about VB until today.
So far you are correct! Let's see what Monday brings!😂🤣
I briefly talked to Brandon (very recently formerly of Witter Coin) about mystery boxes yesterday, among other topics. Interesting conversation.
@Desert Moon "Taken"??? Is every single decision someone makes in their life based on financial utility only? Is someone taken buying groceries at Whole Foods instead of Walmart? Is someone taken playing golf at Pebble Beach instead of the local dog track? Is someone taken playing blackjack? What about all of the people gambling in Super Bowl pools tomorrow?
The risks and expenses are fully disclosed. I like coins. I have disposable income. Instead of gambling on the game tomorrow, I chose to gamble on VB despite knowing it is hugely minus EV. Was I taken?
I never said anyone else cannot do it. I stated my reasons for opting out. 1. This is unregulated gambling. 2. Most people playing lose 50% or more based on previous VB’s. I did not do a calculation for this one but I assume it is similar.
Hence, for me, I choose to not do this. If others wish to, feel free.
@lermish Thanks for posting the nugget. I do collect a few nuggets but not nearly that large. Seems like all the big nuggets have some sort of quartz mixed in. In any event, I'd bet it was easy to sell.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
I remember back in the 70's, scratch-off lottos were new here in NY. Every time a new one came out there was a little flyer on the counter where they were sold. The flyer explained what they were all about, and gave the odds of winning. I would buy a scratch-off and grab a little flyer. After some time, the flyers piled up on the backseat floor of my car. When cleaning the car, I started to read them. As each new one came out, the odds got a little worse. Lesson learned.
I think this may be a common tactic on successful sales campaigns.
@thebeav said:
I remember back in the 70's, scratch-off lottos were new here in NY. Every time a new one came out there was a little flyer on the counter where they were sold. The flyer explained what they were all about, and gave the odds of winning. I would buy a scratch-off and grab a little flyer. After some time, the flyers piled up on the backseat floor of my car. When cleaning the car, I started to read them. As each new one came out, the odds got a little worse. Lesson learned.
I think this may be a common tactic on successful sales campaigns.
I think if you read a little more carefully, you would find that the $ adjusted odds did NOT change. NY lottery take out is mandates by law. What they did with later issues was create larger prizes which have corresponding lower odds. But the overall $ adjusted odds were always 40 to 50%.
Comments
Ok Mark. Hey everyone! VB is gambling. 🙄
i hope that nugget weight has the approx weight of the quartz subtracted
probably not, but even if the quartz is a third of the grams it is still a nice win!
I assume it is but either way, not my problem:
chopmarkedtradedollars.com
cool
Coin Photographer.
You jinxed it!
I never said anyone else cannot do it. I stated my reasons for opting out. 1. This is unregulated gambling. 2. Most people playing lose 50% or more based on previous VB’s. I did not do a calculation for this one but I assume it is similar.
Hence, for me, I choose to not do this. If others wish to, feel free.
Except casino gambling is regulated to be legal…………………………….
I love the gold nuggets! I agree with the sentiment that it’s not the coolest shape per gram but it’s amazing for being almost 100 grams!
Dude...relax ...VB is legal...they just released VB 9....
Well... it isn't actually that clear.
>
@lermish Thanks for posting the nugget. I do collect a few nuggets but not nearly that large. Seems like all the big nuggets have some sort of quartz mixed in. In any event, I'd bet it was easy to sell.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
I remember back in the 70's, scratch-off lottos were new here in NY. Every time a new one came out there was a little flyer on the counter where they were sold. The flyer explained what they were all about, and gave the odds of winning. I would buy a scratch-off and grab a little flyer. After some time, the flyers piled up on the backseat floor of my car. When cleaning the car, I started to read them. As each new one came out, the odds got a little worse. Lesson learned.
I think this may be a common tactic on successful sales campaigns.
I think if you read a little more carefully, you would find that the $ adjusted odds did NOT change. NY lottery take out is mandates by law. What they did with later issues was create larger prizes which have corresponding lower odds. But the overall $ adjusted odds were always 40 to 50%.