Three Golds Before the Black

A raffle drum holds 14 14 tokens: 10 10 plain white tokens, 3 3 gold tokens, and 1 1 black token, thoroughly mixed. Tokens are drawn one at a time without replacement. You win $100 \$100 if all three gold tokens come out of the drum before the black token appears. What is a fair price to play this game?

Answer

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