About a year ago I bought a chip form a record dealer on ebay. It was listed in a price guide at a 300-350 value. I even asked the board for guidance and those who responded agreed that I was getting a deal. I bought it for 40.

This dealer has since sold 2-3 a month for the last year. The same chip recently sold for 7.

This is a perfect example of an previously unkown stock pile of chips that were previously thought to be rare. Had I know that he had a bunch I probably would have waited to purchase.

Your disclosure shows integrity. And in the case of these chips it may not really affect your bottom line/ return in trade. These chips are still wanted. The ones you do have will eventually go into collections and be off the "market" anyways.

In other words i also agree with Archie's response to the example given to him.

If he sells all 9 newly discovered at current market value, without disclosing the numbers in his find, the chips with still maintain their value. The chips would find homes in peoples permanent collections, and thus there would be the same limited amount on the open market.

When a find takes the population from 10 known to 20 known I see know problem with disclosing or not disclosing the numbers.

But when a find takes the number from 30 to 300 I defintley see a ethical responsibilty to disclose the find.

Please keep in mind that these opinions come from a relitively unexperienced collector.

Thanks
Eric EJ R-7103