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Re: It Comes Down to ...
In Response To: It Comes Down to ... ()

Right Charles.

Over the years, I've seen both sides. There are still chips that I see for sale, over and over, and the quote from Janis was "If there's one, there's a box full." is too often true.

I had someone sell me a chip with a long detailed story of how there were only a small number known and they didn't get used on the tables... then there turned out to be 50 of them. Some guy had a one of a kind chip, obsolete Wisconsin chip, found in equipment. Later someone had a dozen on eBay.

I picked up two old $25 Caesars Palace chips, and traded them to old time collectors, probably way below value, just because they were BB regulars, and they sent me something I wanted for my collection. I like a good trade. grin

While we're at this, Rainbow Casino $5 Chipco.

Now what? I will say, you probably won't see these for sale, as they went to a home play set at 25c a chip. They are not in the collectors cycle. Plus the $1 of the same set, is even less common, but still the $5 lists for more? Pretty crazy what appearances and face values will do. That's from a box of hundreds of them. They are gone from the market. (which answers one of the original questions, do you destroy or sell one at a time?)

Anyone interested in Wisconsin, (both of you? ) $1 and $5 from Red Cliff Casino went the same way. To home plays sets. There's no glut of hundreds of chips, just what's left in collectors hands.

My personal experience has been there are some people who are straight up honest and I keep dealing with them, when I can find something I need and want. There are others, who have come and gone, who thought this was a way to make money on a hobby. Of all the collecting groups I've ever participated in, the casino chip people are the most up front about the hobby as a shared enjoyment. You wouldn't believe some of the shenanigans in fishing lures, where prices were manipulated though higher and higher auction sales, between a small number of dealers, buying from each other. Pump up and dump. Price manipulation. I don't collect lures any longer.

Dealers wrote and controlled the price guides and values for coins and stamp, for a long time. The Internet changed that. How can the people who wrote the values guide, be the coalition of dealers? Conflict of interest. For all the insane prices and offers on Etsy and crazy mistakes and frauds on eBay, at least coins and stamps have had value adjustments. Good news, the true hard to find and collectible items, are still valued and increasing in price. The manipulated values and items, have dropped. I don't collect coins or stamps anymore. I did use my old US collection for mailing postcards.

There's nothing to regulate what anyone does as a individual except their personal ethics and how much they value money over sharing and enjoyment. To them I'm a chump. To me, they will never see a penny of my money. Sure I like to make a profit, but greed or dishonesty is a step far beyond that.

We have hobbyists, collectors, dealers and everything is pretty much smooth sailing. What's the word... transparent with open sharing.

I just wanted to point out another possible answer to the what to do with the golden find. Disperse it to home play sets, save a couple dozen for trades and sales to collectors. Everyone wins?

Messages In This Thread

What would you do in this hypothetical situation
The old but true saying....
Re: The old but true saying....
Sounds like the dad and his two children ~~~
Re: What would you do in this hypothetical situati
Ethics is a function of your relative wealth? sad
Jim I think it is the opposite...
I'm just asking the question. I hope NOT !!
It Comes Down to ...
Re: It Comes Down to ...

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