Showboat Casino, How High Will It Go? (1 Viewer)

[AfterTheFact]

http://www.ebay.com/itm/Showboat-La...984936?hash=item35f607fb68:g:k7YAAOSw8-tWUQxp

So these usually go for a lot of money. How high do you think it will go in today's market?

 

[AfterTheFact]

Almost 4K now

 

[JFCJ]

29k

 

[sleepypiggly]

Thread on the chip board said the last time this chip surfaced someone paid over $30k for it.

You get burned sometimes w/ these high value "rare" chips. A guy comes out and sells a chip for a thousand dollars, then he's got five more chips at a few hundred dollars. Then he unloads a few racks at $10, maybe $5 each.

You just never know when a hoard of certain "rare" chips had been discovered somewhere. Well, you do, after the fact.

 

[links_slayer]

Thread on the chip board said the last time this chip surfaced someone paid over $30k for it.

I remember watching the end of the auction the last time I saw one listed. It was crazy. It will be interesting to follow this one.

 

[Mr. Cheese]

What's the story on that chip? Curious why it's so valuable...

 

[spikeithard]

crap on a cracker thats a lot for one chip!

 

[links_slayer]

I plan on watching the end of this and/or showing my wife the final bid to put things into perspective (y) :thumbsup:(y) :thumbsup::coffee:

 

[Puggy]

$4.250 currently. Man I am so glad I have not bitten by the "individual chip bug".

 

[slisk250]

30K? That is just retarded. I thought I was sick but now I'm not so sure!

 

[links_slayer]

For some reason I didn't think it got over $30k last time but I would trust those guys at the ChipBoard more than my feeble memory

 

[Marius L]

This seems unreal for me that is just getting into chipping. Can someone explain what makes this chip so special? Like how old is it and where is it from? Would be interesting to know

 

[sleepypiggly]

Here's the recent thread about prices. If you click through the responses, someone said it sold for $39k. But then again, people's memories on there are not so good either...
http://www.thechipboard.com/index.cgi/md/read/id/1366739/sbj/29-000-chip-on-ebay-bargain/

Here's something more believable about this particular chip.
http://www.pokerplayernewspaper.com/node/6660

Article says there’s only 2 known examples of this chip. I guess this is the other one? Lol. Buyer beware, there might be a rack or two of them in someone’s attic somewhere, ready to surface.

 

[Marius L]

thanks!

 

[Marius L]

Interesting read. Still baffled by how a chip can be worth $30k, but who am i to say how people spend their money.
Thanks again, and it will be funny to see how much this chip ends up going for.

 

[spikeithard]

$3.49 shipping. Thats outrageous!

 

[Quicksilver-75]

$3.49 shipping. Thats outrageous!

Seller: "do you want this $30,000 dollar chip sent by UPS, Fed Ex or Purolator?"
Buyer: naw, fuck it. Just drop it in a bubble mailer for the five bucks.....no wait. Just send it over-weight regular mail and save the two bucks....

WTF????

 

[Mr. Cheese]

I can appreciate a rare chip but it's not even that great of a looking chip imo.

 

[links_slayer]

I have a feeling the sharks may start circling soon...

 

[links_slayer]

$16,422 - That seems really low compared to the last one.

 

[AfterTheFact]

 

[luckbox]

i like the snipe with 3 secs to go the bid was around $9k...then it got clicked to the $16k +.....fun auction but you would have a hard time tryin to fill a rack of these maybe

 

[sleepypiggly]

Yea, when the third chip shows up the price will be even lower. How do you think the guy who paid $28,988.88 in 2008 feels, looking at this auction?

 

[Marius L]

Yea, when the third chip shows up the price will be even lower. How do you think the guy who paid $28,988.88 in 2008 feels, looking at this auction?

If he paid $28,988.88 for one poker chip he probably doesnt care about money anyways! haha

 

[luckbox]

Yea, when the third chip shows up the price will be even lower. How do you think the guy who paid $28,988.88 in 2008 feels, looking at this auction?

if i paid the big money for the other..i would be all over this one, try and get an average....$16k + $30k divide by 2 = im in there at $23k each...and hunting down the 3rd!

 

[luckbox]

If he paid $28,988.88 for one poker chip he probably doesnt care about money anyways! haha

ummm no that is a fallacy some people believe....every guy i know with a ton of cash always wants to make a "deal".....its the deal that drives them but still they want it at their price......not every well off person is like that but most i have done deals with over the years are very well off.....not Donald Trump crazy money but can afford anything they want in life is the top of the heap group

hey even Trump likes makin a deal on the cheap....like buyin the white house!

 

[sleepypiggly]

if i paid the big money for the other..i would be all over this one, try and get an average....$16k + $30k divide by 2 = im in there at $23k each...and hunting down the 3rd!

Well, that could be true, if only ~$30k was the right price for it. When the 1st chip was bought, there were only 2 known samples. The rarity is what drove the price up. Guy probably bought it as the “ultimate” rare chip for his collection. With that kind of price, it’s probably the only one most people will see in their lifetime.

Except it wasn’t. The chance of another chip surfacing is very low, if indeed there were only 2 out there. And if a second one surfaces, what’s to say another one wouldn’t come out of someone’s basement in another couple of years? Then, with 10, 20 of these chips trading, they’re not really worth $30k/chip anymore. The bidders of the second chip knows this, hence the price did not go as high as the original one.

The reference price of this chip is now ~$16k, and people will look for a discount from that benchmark when the next one comes up.

In auctions for rare items that are in demand, most times it works like this. The first one usually fetches the best price, because it’s seen as the “only one.”

 

[bentax1978]

View attachment 23524

@Gear

Do you have a label that would work with this chip? I was thinking about picking some up for a relabeling project, but wanted to make sure you had a label that would work for these before I invested that kind of money. Let me know. Thanks!

 

[links_slayer]

How do we know if the ones for sale are new discoveries or if they are just the known chips trading hands? I'm obviously not in the market and don't know much about these types of situations that involve uber-rare and/or high-end stuff.

 

[spikeithard]

crap I stepped away for a bit and it ended before i could place my bid.

crazy to pay that much but to each their own!