Is it an investment? (1 Viewer)

[Kid_Eastwood]

Personally I bought chips to play.

I bought a lot of different sets to finally keep 4 (2 tournament sets and 2 cash sets).
- HS Cleveland Tournament
- Nevada Jacks (Tournament Breakdown) - not high end but I really like the visuals and I like ceramic chips
- Hotstamp mixed casino Cash Set
- HS Cincy Cash Set

The others I owned were mainly ceramics or China Clay that I managed to sell at cost (it’s easier to sell a CC set bought when I was in the US in Europe at cost than selling it at cost in the US obviously).

The CC I sold were CPS, Majestic (chips and plaques) and Dunes CC. But it took time (several months for some).

I also managed to sell at cost in Canada a set of Sunfly Ceramics produced at the time by MrChip but again it took months.

In the end, if you can afford higher end chips directly, just avoid any mid-range chips. Selling mid-range chips will take time if you want to limit your loss...

 

[Poker Zombie]

If buying and selling sets was a largely profitable venture, @detroitdad would be the wealthiest man I know.

There are some that actively hunt for chips at low prices and resell them for a profit, but they are in the minority - and it's more "work" than "investment". Others have taken advantage of ChipRoom sales at low prices and immediately resold then for higher prices once the ChipRoom sold out. This drove the ChipRoom to selling on eBay instead (after-all, he did the hard work), and is a scorned practice by much of the community.

However, buying a set today on sale today and selling it further down the road is acceptable. I don't consider them an investment though. They will get used, and they may go up in price, but "investment"? No.

 

[detroitdad]

If buying and selling sets was a largely profitable venture, @detroitdad would be the wealthiest man I know.

I "rent" sets. Completely different conversation