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Another question to ask is:
In Response To: How about consignments ()

I have heard that the association is considering a partnership between the Chip Guide and The Chip Rack (not sure if true). So I thought I'd ask this:

Is there an affect if the association is considering attaching a value guide written by members to its history guide related to chips?

Yes, there can be an effect, but it depends on how the value guide is presented and used. A nonprofit like the Casino Collectibles Association (CCA) can publish a price/value guide, but it needs to be careful that the guide is not treated as an official valuation for tax purposes.

Here are the key issues.

1. Publishing a value guide itself is generally allowed

Many nonprofit collector organizations publish price guides, for example:

coin clubs

stamp societies

sports memorabilia associations

antique and art groups

These guides are typically framed as:

market observations

collector reference materials

educational publications

If the CCA publishes a chip value guide as part of a historical or educational publication, that is normally consistent with a 501(c)(3) educational mission.

2. The IRS issue arises if the guide is used to justify tax deductions

Problems can occur if donors use the guide to support charitable deduction values.

For donations of property over $5,000, the IRS requires:

a qualified appraisal

by an independent appraiser

A price guide written by members does NOT qualify as an appraisal.

If donors say:

“The CCA guide says this chip is worth $3,000.”

that does not satisfy IRS appraisal requirements.

3. Risk to the nonprofit

The nonprofit could face scrutiny if it appears to:

promote the guide as an official valuation authority

allow donors to rely on the guide for tax deductions

include values in donation receipts based on the guide

This could make it look like the organization is supporting valuation claims.

4. How collector organizations avoid problems

Most collector groups include strong disclaimers in value guides.

Typical language:

values are estimates only

prices reflect collector markets at a point in time

guide should not be used for tax or appraisal purposes

independent appraisal is required for tax reporting

This keeps the guide clearly in the educational/reference category.

5. Auction implications

If the association also runs auctions, the guide should not be used to set official values for:

donation receipts

IRS forms

charitable deduction discussions

Auction results can be published historically, but they shouldn’t be presented as authoritative tax values.

6. Best practices if CCA publishes a chip value guide

To stay safe:

Include disclaimers such as:

“Values are collector estimates and may vary widely depending on condition and market demand.”

“This guide is for educational and reference purposes only.”

“Values listed should not be relied upon for tax reporting or appraisal purposes.”

Also avoid:

referencing the guide in donation receipts

staff telling donors to use the guide for tax valuation

✅ Bottom line

Publishing a casino chip value guide is generally fine for a nonprofit, but:

it must be clearly educational/reference material

it cannot function as a tax valuation authority

donors must still obtain independent appraisals for deductions.

Messages In This Thread

Club Auction Update - Exciting news!
This IS Exciting..
Re: This IS Exciting..
Re: Club Auction Update - Exciting news!
Might check on this.
Re: Might check on this.
"City of Las Vegas"
Re: "City of Las Vegas"
Re: "City of Las Vegas"
Re: Might check on this.
No Jail for Barry..... I asked this
PS; Im sure that
How about consignments
Re: How about consignments
Yet another PS:
Another question to ask is:
Further Legal question include:

Copyright 2022 David Spragg