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Extra! Extra! Reggie’s Weekly Note & Chip Tip

Hold service folks, please know that I would like to close out your accounts for June-Aug before the 1st of Sept. We can and will start all over again on the 1st of September. Summary statement of accounts are (have been) being sent out all this coming week and all last week. Reggie

Please visit my Montana chip collection on the Chip Query, to see if you have a chip (traders-pages 1-13) that I can use or any traders of mine you can use.

Postings that could be done each day I post:

2 Single CA chips
1 Single NV chip
1 Single Other States etc.
1 Single MT chip
1 Set of Chips
1 Postcard
2 California Featured Chips
2 Nevada Featured Chips
1 Page of California Chips (every other day, for as long as I can make it last)
1 Page of Cheap Chips page whenever I can find enough strays to put the pages together.
Every Saturday: A message to the CB Readers
And on every Saturday another “SPOTLIGHTED SPECIAL FEATURE CHIP(S)”

Years ago while I was doing “My Page-A-Day” I would publish one of these “Chipper Tips”. I am going to try to include one each Saturday, up date it if I feel it needs it. Hopefully, this will still help a few of us remember to do the right thing when the subject matter is in question and folks if I am wrong PLMK, sincerely…Reggie

CHIP TIPS FOR CHIP COLLECTORS

TRADING CHIPS POLICY (MY)


*Please note that many of these do not apply to me at this stage of my collecting. I will explain, please send an email if interested in an explanation.
The following numbered points are some good policies to carry into the arena of trading with other collectors. Please try to adhere to these guidelines. Any questions please email first.
1) If it is a lopsided trade where additional p/h is required throw in a couple of extra chips (example tokens always weigh more)
2) Always let the trading partner know when you receive your chips.
3) Try not to send severely nicked, damaged, or extremely dirty chips.
4) Some traders require a photo image pre-ceding the actual trades, accommodate them, unless you do not have scan capabilities.
5) Try to be an equal partner in the trade, do not make one party of the trade do all the work.
6) I prefer to trade with CCA members, because of the honesty of this group is very high. I do and have made trades with non-members.
7) I try not to do lateral trading. In other words; I do not like to trade chips I only have one of for another chip I do not have any of; and I have it in my personal collection already. I may do this if this collector/trader is a highly valued club member and customer.
8) Occasionally, I get in over my head on a nice chip; that being said when that happens and I confronted with a trade that just does not fit in my collection, even though the values are the same I may and will turn down the trade requested.
• Let’s go with the obvious first: commons for commons, Current table chips for current table chips, new racks for new racks. Of course, there are always an exception or two to the above rule: For instance if there is a charge to get into the facility, or it is a member only club, you get my drift. I may want more than a common for a chip like a “Greenbriar” or a “Delaware Sport Lounge”. If I was to trade these chips at all. A second exception would be; if you keep your trading inventory lean and mean…and you just ran out of a new common chip that is being offered for your older obsolete chip, and you have two or three of the older obsolete. This constitutes a trade of equal value, because both parties are getting what they need/want.
• Denominations often throw new collectors a curve. Many cannot understand why they cannot trade a common $5 chip for 5 - $1 chips. There are several reasons that this is not something that some collector/dealers do not want to do. One is the ratio of $1 chip collectors to collectors that collect higher denominations. Mostly, in order to acquire the five chips, (from the example above) it takes five times the effort, gas, and expense as it takes the one $5 chip. And yes, the actual value is the same, but not really. Also, invariably the new or novice collector will stray into the higher valued or obsolete chips when picking the 5 that he feels he deserves for the one $5 chip. Some people are ok with this, when you find chippers like that, try not to take advantage of them. I lean on the side of not doing it, but possibly, in part; of a large trade, if the higher denomination is a chip I really want for my collection.
• Next there is a group of chips that are made available by dealer/investors that eventually flood the market, actually lowering value of the chip below its face value; in some cases, it is hard to give them away once you have been unlucky enough to acquire. Examples of this are: Aces Casino, Jok-Erz Casino, Hard Rock Albuquerque, NM, Sonoma Joes, California Bell, etc. These can be mixed in with the commons in most cases. There are some in this group that are very slowly being meted out in order to maintain some value.
• Let’s try and tackle the obsolete group…these have to be traded based on the Guides valuation. And/or the asking price. There are numerous guides, most people are aware of the TCR(The Chip Rack) which covers Nevada. There are also separate guides for CA, WA, MT, and CO. There are also guides that cover areas such as such as the Official U S Casino Chip Price Guide, this guide covers NV, CO, SD (Deadwood), Riverboat States (IL, IN, IA, LA, MS & MO), and Atlantic City. There is one more guide that covers multiple states: A Guide to the Casino Chips of MI, MN, ND SD and WI…and many guides are available on the internet. I will try to help you hook up with the sellers of any of these guides should you be interested. One last thought on obsolete chips, it is always up to the two people that own the two chips that want to trade; to be satisfied with the trade.
* I will trade Postcards, CA, MT or NV chips for MT chips.

NEVADA POSTCARD INVENTORY AVAILABLE (Every Post Card Shipped $220 or best OFFER!)

I still have a considerable amount of post cards available (about 440). I have an excel I can send you to check out. From your viewing of the post cards available in the excel; you can order one post card, all the postcards that have your favorite casino included in, or buy me out (the entire lot). Remember there will be postage for each order.
Reggie


Copyright 2022 David Spragg