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Re: Calling all Washington Collectors - Valuation

Good morning!

I see that you have asked a couple of times for help on this question. Here are my thoughts:

- I am not a collector of Washington chips, so I don’t know from a Washington perspective, however:
* if I saw it in a coin store, pawn shop, etc. I would be a buyer at $3 or less.
* i don’t think that any Washington chip is worth more than $100.
* So your starting range is $3 to $100

- I assume lack of response implies lack of collectors / market knowledge for this chip. Some questions to ponder:

* how long have you been looking for it?

* do you have a compelling want for it:
% Did your family, friend, etc. own the casino, play their regularly, etc.?
% Do you have 99, and need one to finish a rack?
% Compelling want drives your valuation of the chip up.

* How long / hard have you been looking for it?
% two posts in the chip board, or five years of hitting two shows a year and digging for it?
% If yes to the shows, the value to you goes up. If just a few posts, value goes down, as that doesn’t determine the scarcity.

* What do they sell for on eBay?

I was looking for a 25c chip from the Gaborone Holiday Inn in Botswana, and I jumped at the opportunity to buy one for about $75 a couple of years ago. I have searched, and they aren’t out their, I had two others in the set, and the set has great visual appeal. I am not sure that the next buyer would pay $75.

Back to your chip. If you tell me that you bought one for $3 to $5, i would think that was a great deal. If you told me $10, I would assume that you really wanted it. If you told me $50, I would be on the look out for other chips to sell you, as I perceive that as big money for a Washington State quarter.

I assume that you want an easy answer like, it’s worth $22.50, but in reality, all chips are priced in this manner. There is often no consistency in prices, and without a few eBay sales to guide you, it’s really what is it worth to you? Still, $50 would seem like a fortune for that cho for someone who doesn’t collect Washington chips.

Regards,

John

Messages In This Thread

Calling all Washington Collectors - Valuation Help
I've been looking for that $1 chip for years!
Dick I have a 2.50 Dia. Tooth Ger. chip
Re: I've been looking for that $1 chip for years!
Tom - who made the find?
Re: Tom - who made the find?
Re: Calling all Washington Collectors - Valuation
Re: Calling all Washington Collectors - Valuation
Re: Calling all Washington Collectors - Valuation

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