VaultBox 6: Turning Ancient Coins into Casino Chips ðĄ
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- āđāļāļĒāđāļāļĢāđāđāļĄāļ·āđāļ 16 āļ.āļ. 2024
- VaultBox 6: 3 Random ancient coins for 650 Dollars. Is it good value? It it worth it? Lets have a look.
Spoiler Alert: It is not.
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100 Greatest Ancient Coins - amzn.to/3hKz1o4
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Is this like Patreon? I just bought some shirts. I didn't see Vespasian, but got Titus, and would like to see a Cleopatra Shirt. You channel is a wealth of knowledge. Thanks for all your hard work.
Just as in a casino, the house always wins. Good to notify the community.
The whole thing has a taste of "ancient coins for people who doesn't care about ancient coins (but who don't want to miss the ancient coin rush and profit from the price surge)."
Extremely well analyzed! I absolutely agree that turning works of ancient art into casino chips is a disgrace, thankfully they didnât get their hands on a Syracuse tetradrachmâĶ
Thank you! Indeed, good that they didnt get their hands in one of those. But I fear they might, one day.
That was enjoyable Leo. Sadly I'm usually in the black area when it comes to purchasing coins. But at least when you have to budget you almost get a closer connection to the coin(s) you buy individualy.
Collecting 10 dollar coins is just as nice as collecting 1000 dollar coins. These are survivors from the past, and owning one is a privilege. I agree 100% with the connection you talk about, I feel it too
@@ClassicalNumismatics I would say if your looking to get as many Emperor's or different types and your on a budget I would always say look at Provincial Roman coins. Very underrated
With 700 dollars I could finally complete my Constantine dynasty collection and get a nice coin of Hanniballianus.
Absolutely, you could get a ton of very desirable constantinian coins
Can you make a video on how ppl kept, stored and carried their coins? Did they lock their coin jars up?
This box is basically you paying over $600 and ending up with three coins of $40-150 in value each. The more valuable pieces are quite rare, all things considered. That's not all - you end up with three completely random coins which could be one late Roman Imperial piece, a Cappadocian Kingdom piece, and a Tabaristanian piece. You may be excited for a moment because you have no idea what you'll find, but then you realize that you just spent a bunch of money on random coins that may hardly fit in your collection.
It's glorified gambling in the form of real life loot boxes, and it's shocking to see people paying over $1k for these boxes after they were sold out.
Thank you for educating people about these scams.
There is only one good way to buy drop boxes of Roman or other ancient coins and that is when it is through reputable well established uncleaned coin dealers. Rather than $650, you won't spend more than $200 even if you go crazy, my purchases tend to be $70 to $150. You also know what kind of expectations to have, debased antoninioni, 4th century LRBC, and occasionally something special. You won't break even simply due to the labor it takes to clean them but its the experience of cleaning they are selling you rather than the straight value of the coins. Occasionally you find a gem, but that's just extra.
Good points you make there!
After seeing some unboxing videos of this series, the general responses from the recipients have been "Nice, red core! Boo, black core!", general confusion about what exactly they're holding, and how much they can receive by selling it back to Vault Box. While the company does have general info on their website about each particular coin type, it would have been more helpful if there were also descriptions and translations of the legends. There is something dirty about turning Greek and Roman coins into "loot box" fodder... this feels like a high-priced version of the "grab bag" you covered in a previous video, except is does not inspire potential collectors, but rather caters to that "chase the key-date" mentality, w/ the simple "red core/black core" distinction. I am almost certain that whoever received the Julius Caesar aureus, or the Justinian II solidus, isn't so much thrilled about the coin itself, but rather how much Vault Box will pay them in the buyback...
The Vault Box is something of which only flippers are aware. In fact, I only became aware of it through a few amateur and professional dealers on YT. As you mentioned, grading ancients requires much more assessment than a simple grade, and NGC does that somewhat w/ their "Strike" and "Surface" number grades, but even that does not account for things like toning, die wear, die style, etc. I once thought "what if" Vault Box had an "ancients" theme, but dismissed it, since such coins have too many variations in quality and style, compared to machine-struck coins... but here we are. This series did not have as much hype as previous releases, but the Vault Box now has an established customer base, and the flippers will be quick to snap up any release.
Flippers and SCALPERS, may I say!
Yeah for all the reasons you listed this makes for a perfect series to take advantage of people. Most people have no clue about ancients so theyâll think a grade is a grade however the coin is struck.
Good video. It's crazy enough to pay Vaultbox retail for common coins. Paying scalper/flipper prices is even crazier.
Excellent video thank you. I am both new to your channel and ancients (although have coin collected for some years). Appreciate the education.
Ur perspective was much appreciated on these series
Thank you! Im glad to bring information to the coin collecting community
Great video. Id like to get into greek coins. What literature would you recommend and which period? I mainly collect 1918 -1939 polish coins, but would like to try something else. Thank you
Gambling is infecting everything. I don't watch sports, but it seems the major advertisers now are Gambling websites. I understand that, watching other men do stuff (play with a ball) is incredibly boring, so you need to bet on it.
Sports, Videogames, not coins. There is a disturbing trend of gambling seeping into many aspects of entertainment
Yeah I'm disgusted with the infection of gambling everywhere- it's so shameful. Preying on people is just wrong.
Just thinking of what I would be able to buy spending $650 on coins. Looking at my watch list of coins I didn't buy but would if I had that kind of money available. The most stunning Faustina the Younger denarius I ever saw went for $300, a recent Pertinax in VF condition went for $450, fantastic Sesterti from the 2nd century that go for $250, Venetian Silver for $100 and what about a JULIUS CAESAR PORTRAIT I saw go for $650? Ridiculous. No way would I drop that kind of cash on a casino drop box.
Good point that you make there. With that kind of money you can get most non-portrait Julius Caesar denarii in pretty decent condition
Reminds me of the scourge of "mystery boxes" in the comic book industry. Just a blatant attempt to dump undesirable product on people.
You are doing a great service Leo ,but unfortunately the silly people that buy that rubbish don't watch you brilliant channel,and wonder why they get ripped off.ðĒ
Aside from the fact that this is an enormous ripoff, I think this is fundamentally wrong and counter to the spirit of this beautiful hobby. At its best, ancient coin collecting is pursued in an academic and historical spirit, with respect for and stewardship of these incredible pieces of history and important cultural artifacts. They should not be treated as mere casino chips to be wagered, or simply commodities to fill loot boxes. In the current collecting climate, with regulators increasingly infringing on collector's freedoms, this kind of bullshit fuels their narrative by blatantly disrespecting these artifacts we are lucky enough to collect and study.
I urge my fellow ancient collectors to not support this corruption of our passion. Keep this bullshit in the US coin collecting realm. Their obsession of slabbing and grading has fully commodified their collecting space. Gambling with coins seems normal when you view your coins as mere commodities to be wagered and invested, not much different than stocks, crypto, or sports cards. Let's not let our hobby be corrupted in the same manner.
Couldnt agree more! Bravo!
I'd personally not gamble on such a box. I'd rather have a single (if somewhat lower quality) Julius Caesar, Nero, etc.
650 can land you very decent non-Portraits Julius Caesar and Neronian denarii, indeed!
Even if I had enough money to even entertain the thought of buying this box, coin collecting is not something I do to gamble and stress myself. I want (somewhat) shiny witnesses of past economic and socio-political circumstances.
This is really a good video about a horrific news. I can even imagine who can buy this box, and believe this is the way of collecting ancient coins .
Thank you for spending the time on this. I don't like the idea. I'd put the 700 towards Otho to complete my 12 Ceasars instead.
Wait, only 3 coins! No thanks
Yall: casino chips
Your children: loot boxes ð
I absolutely hate that gambling has to infect every hobby out there, its disgusting and insidious
Iâd rather get a respectable corinthian stater for that price.
What I hate the most about this is that theyâre making ancient coins now just an object to invest in, like all the other great hobbies have become. (Most of) This new wave of collectors only care about how much they can flip the coin for down the road, not what it represents in our history. Itâs a shame really.
Another great video. As you stated, the game is set up so that the House always wins. That type of pre-packaged bundle just reeks of trouble. I would very much like to own several specific Roman Denarius coins; Julius Caesar, Marcus Agrippa, M. Aurelius and something from Iberia during the rebellion of Quintus Sertorius. Thanks again.
The number of dealers defending this on forums is heartbreaking. Definitely profit goes over "healthy" collecting every day of the week for these people
@@ClassicalNumismaticsREALLY? How can anyone reputable defend these? They must be the ones buying them and then re-selling them when they prove to not have much of anything good inside. There ought to be a tamper label on the box so you know if it's been opened or not- then unscrupulous people can't cherry-pick and re-sell. Well it's actually good in a way- any dealer you see defending these is one you DON'T want to buy from. I'd keep a list...
With $700 I would buy coins of
Ceasar or maybe Augustus, probably not the best condition.
Yikes- this is pretty awful. I mean you can't call it a scam since they clearly state everything about the system, so it's more like a lottery- but it's dirty nonetheless. They know they're taking people for a ride and are okay with that. These box things are just scummy. Well it's a top-notch evaluation, and I'm really glad you took the time to advise the wider community about this. Luckily, it's unlikely any real collectors will fall for it, but relatives and maybe new people might. But at that price, I truly can't think of who would have bought these- maybe those with a gambling addiction, or...? I don't know. But it's really a shame.
$649 and sold out within hours, still sold out.
Yeah, and the scumbags who run this are laughing all the way to the bank. It's shameful.
I have to agree on all points. Grades on ancients never give the full story. I have bought at coins over an or MS because they look nicer, better style, full legends etc.
Thanks for telling people Leo.
That looks like a version of scratch cards.
Wow Leo 700 bucks would buy a reasonable solidus.
No thanks and best of luck to anyone buying that nonsense.ðŪðŪðŪ
Right now i have been more interested in roman republic and greek (both classical and Hellenistic) coins. if i had 700 i would buy something greek most likely, like a few really nice greek coins maybe even a Athenian owl or some coins minted under Alexander III or Seleucid empire coins or just a mix of greek and or roman republic coins. or.... a coin of Pupienus because haha funny name ð
8:36 form what I know they are relatively rare
650 Dollars rare?
If someone wants to buy one of these boxes, I have a bridge I'd like to sell you!ð
ðð
Sinceramente, eu acho isso meio patÃĐtico. Em minha opiniÃĢo, seria muito melhor comprar moedas com a sua prÃģpria escolha, do que conseguir uma moeda que nao tenha valido a pena pelo preço que vocÊ comprou.
Absolutamente! Nao ÃĐ crime o que estao fazendo, mas ÃĐ de uma falta de ÃĐtica absurda
People gambling, Hoping to hit it big.
I think these are as bad as the subscription boxes. Itâs just a waste of money
Aren't dealers/shops usually going to have similarly large markups? They don't keep the lights on by giving you a great deal.
Theres a difference between a markup and a delusional 500% minimum price gap
@@ClassicalNumismatics Has someone calculated that the average value in the box is less than $150? I expect about a 200% markup at a shop, and this seemed similar from the sparse youtubes I've watched about it.
I can't watch no more. Don't show people your collection. I know coin groups are good. But iam from ð I don't trust that many humans.