Actually yes you do. Not weapons but armor yes, also the butt cloth, and name plate. That's 4 items. 40% increase in rep. I get 87 Rep per winning game, 75 Rep per coin turn in. And over 200 Rep for each bounty turned in. Also as the week goes on the boost you can pick up every day increases as well. Last iron banner on day 7 the boost was making each bounty turned in at 378 Rep. That's also with my normal 40% increase though.