The Coin Show discusses our thoughts on Vaultbox. Did you get involved?

Mike, Matt, and special guest Russ Bega talk about our thoughts on a new numismatic product. Did you buy one?

Пікірлер: 31

  • @cathybenadaro
    @cathybenadaro Жыл бұрын

    BlueRidge got a platinum coin.Hmm. He was promoting Vault Box too.

  • @ClassicalNumismatics
    @ClassicalNumismatics Жыл бұрын

    I just get the feeling these is a gambling aspect to all of this, and thats SUCH a negative thing to add to the coin collecting hobby.

  • @silverstuff5976

    @silverstuff5976

    Жыл бұрын

    I agree! the whole thing didn't pass the smell test if you ask me.

  • @grantv2313

    @grantv2313

    Жыл бұрын

    You have no idea how popular card chasing has become nowadays. Everything from all sportscards, Pokémon to Star Wars cards to F1 racing cards. You can watch any expensive box break you want on KZread. Some of the boxes cost thousands. They’re actually behind the curve when it comes to coins. Surprised it took this long.

  • @minnesota-matt
    @minnesota-matt Жыл бұрын

    Two have been flipped sealed on ebay for $1200.

  • @brassboy77
    @brassboy77 Жыл бұрын

    Just simple gambling. No more, no less. Better odds than a lottery. Worse odds than slot machines. I agree with you about bullion coins and grading. I thought you might see some new Morgans but they cost too much to be the cheap coins.

  • @TtheSilverStacker
    @TtheSilverStacker Жыл бұрын

    Great conversation guys! I don’t think people are looking for value when they buy the box. They are enjoying the gamble. That being said, it’s not for me. I actually think the new grading scale will catch on. Love seeing you three guys together!

  • @flybone100
    @flybone100 Жыл бұрын

    Sold out? Crazy. I'm in the wrong line of work.

  • @Anonymous-a-hole
    @Anonymous-a-hole Жыл бұрын

    Now that the results are out, are you guys going to do a follow up video? I bought a box, and ended up flipping it on eBay. Prefer to net a guaranteed profit as opposed to "getting lucky" and opening a box that breaks even. As requested, here is a Limerick I wrote to sum up my vb experience. They sold us the box as a mystery Said "Find a red core" and claim victory But the unboxings were lame Not a very fun game This might have the worst odds in history

  • @TheCoinShow

    @TheCoinShow

    Жыл бұрын

    The 4 we have are out for delivery right now. Will be making some content with them.

  • @aantunez5391
    @aantunez5391 Жыл бұрын

    I did the math. I didn't buy the box.

  • @Simpledogguy
    @Simpledogguy Жыл бұрын

    There will be collectors who collect the VB coins because they are limited edition certified holders.

  • @Kgsenoia
    @Kgsenoia Жыл бұрын

    Excited to get mine. $595 not $585 with tax. $614 shipped and ran out in 20 min. Sell for double closed or open??

  • @royrauch9775
    @royrauch9775 Жыл бұрын

    New NGC Grading on all NEW HOLDERD 10.0 = MS or PF 70? How do you equate a 70 point grading scale with a 10 point grading?...10 point scale to be used with ALL NEW MINT PRODUCTS ONLY?

  • @grantv2313

    @grantv2313

    Жыл бұрын

    No. They’ll do it if you want it but otherwise you’re getting the standard grading scale for moderns and classics

  • @SportsMDCardCollector
    @SportsMDCardCollector Жыл бұрын

    Hey guys. I actually collect baseball cards and coins so this is interesting to me. I’d have to say that I do get excited to open some packs of cards and see who I’d get, but I would never buy coins that way. I 💯 want to see the exact coin I’m getting and evaluate it’s personal eye appeal before purchase. I also hate the 10 point system. NGC shouldn’t have the right or ability to do that. That should be an industry wide decision (perhaps by the ANA) that all grading companies agree to. For one grading company to go rogue and create confusion is terrible for the hobby. I’m only using PCGS moving forward. Thanks for the video.

  • @grantv2313

    @grantv2313

    Жыл бұрын

    It’s only for moderns dude. They’re not going to change it for everything

  • @Simpledogguy
    @Simpledogguy Жыл бұрын

    I talked with the VB rep their profit margin was nominal as they were trying to build massive hype to lead to Series two.

  • @Anonymous-a-hole

    @Anonymous-a-hole

    Жыл бұрын

    yea, "nominal". Spend $600 on coins that would cost $200 under normal circumstances

  • @grantv2313

    @grantv2313

    Жыл бұрын

    @@Anonymous-a-hole They had to purchase the coins and get them graded with special slabs and pay ngc to package them randomly AND pay for their advertising. NGC isn’t making the profit, Vault box is. And it was only around 10% for Series 1 after all was said and done. But yeah a lot of people had to get screwed to even achieve that .

  • @SportsMDCardCollector
    @SportsMDCardCollector Жыл бұрын

    Someone didn’t get the backwards hat memo 😂

  • @TheCoinShow

    @TheCoinShow

    Жыл бұрын

    He’s new.

  • @JerryGCoins
    @JerryGCoins Жыл бұрын

    People will be weighing these then flip the one with lesser chance of a hit. These will not be good for the hobby

  • @frankchase9297
    @frankchase9297 Жыл бұрын

    I’m not playing this game. Best Regards!

  • @Kgsenoia
    @Kgsenoia Жыл бұрын

    You ordered 4 of them with a limit of 2 per person so you took away opportunities for others to make money or have a chance. So you are the problem here. Now it’s likely only 500 people or so have a box.

  • @ionstorm01

    @ionstorm01

    Жыл бұрын

    Oh no, there were only 800 boxes, and a lot of people bought their max of 2, and some, like these guys, broke the rules and grabbed 4, so likely only less than 400 people got these. I saw another video where a guy had 5 of them.

  • @dalekuchinski976
    @dalekuchinski976 Жыл бұрын

    From what I have seen so far I think vault box is a rip off

  • @dccoins2718
    @dccoins2718 Жыл бұрын

    This is just gambling, but at least you don’t lose everything. But clearly these are not a good value. Apparently they will move past bullion to classic coins eventually.