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Too late to submit my last set of customs to HOF? (5 Viewers)

BGinGA said:
The original cost of the chips is totally irrelevant, since every Paulson chip made in the last twenty years or so cost the original buyer about $1.25 or less (sometimes a lot less). The only thing that alters their value above/below that original cost is a combination of how many chips are available (supply) and how many people want to buy them (demand).
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Thanks, I personally totally agree with this. I'm more asking the people who use words like "gouging/flipping/fleecing" to explain what they think is reasonable versus not, with a sincere desire on my part to understand their thinking.
 
Lol i don't think so, we saw the invoices from Paulson. Then again, we didn't buy them in Star chip quantity. And I'm talking about average price per chip, some were cheaper, some were more expensive. Obviously the BTPs were more expensive being 43mm.

MatB said:
What year was this? I was working there 96’-97’ bedding and luxury towels.
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I worked off and on at various stores in the Baltimore - DC metro area from 1992 through 2003.
 
Chippy McChiperson said:
I worked off and on at various stores in the Baltimore - DC metro area from 1992 through 2003.
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Oh. You were serious.

Only time I went to Nordstrom was to get a tie for my wedding.
 
I have been married twice but never divorced

To the same person

And no Andrew. It did not involve gender reassignment. Nttawwt.
 
navels said:
Thanks, I personally totally agree with this. I'm more asking the people who use words like "gouging/flipping/fleecing" to explain what they think is reasonable versus not, with a sincere desire on my part to understand their thinking.
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For me this is more of a community vs. marketplace type of question, and has always been at the base of what people consider this place.

I have patriots tickets that I pay face value. Market value is 3X. When I offer them to friends and family they pay face value, when I sell them to strangers on the ticket app, I try to get market value. For many years I considered sales on these forums to be between friends and family, and eBay to be market price.
 
ssanel54 said:
For me this is more of a community vs. marketplace type of question, and has always been at the base of what people consider this place.

I have patriots tickets that I pay face value. Market value is 3X. When I offer them to friends and family they pay face value, when I sell them to strangers on the ticket app, I try to get market value. For many years I considered sales on these forums to be between friends and family, and ebay to be market price.
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It used to be

ETA: it still is for the most part..to me anyway
 
Sprinsd said:
If all in cost is $2.00 then the appropriate mark-up is $4.60.
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Based on what? That is a ridiculous margin unless y
Chippy McChiperson said:
It really depends on the item. Many years ago when i worked for Nordstrom shoes and clothes were about 100% markup, and cosmetics were significantly higher than that.
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The 100% markup is to build in a profit for when the item goes on sale or doesn't sell. The net profit margin is a different number. In this case, there would be zero chance that inventory would not sell.
 
ssanel54 said:
For me this is more of a community vs. marketplace type of question, and has always been at the base of what people consider this place.

I have patriots tickets that I pay face value. Market value is 3X. When I offer them to friends and family they pay face value, when I sell them to strangers on the ticket app, I try to get market value. For many years I considered sales on these forums to be between friends and family, and ebay to be market price.
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Mint Paulsons aren't just any Patriots ticket. They're a Super Bowl ticket (and that's not even a good analogy, given the number of times the Patriots have been to the SB in the Brady/Belichick era).

Now I would still see selling the SB tix to family or close friends for face value - but only very close friends. On the Patriots Fan Forum, you're not selling for face value. They may be friends. You would sell them for less than you would to a scalper or on some random ticket exchange, but you wouldn't sell them for next to nothing.

I have even been tempted to release my Star chips to the wild. I love them, but 'cmon, the prices at auction have been crazy. But I resist... because I know, deep down, that these are extremely rare, and I am probably never going to have the opportunity to get such a minty set again. The people that did sell? Their loss. Sure, maybe they turned a little profit. Maybe $4000? That's not life-changing.

Yet it seems to have irrevocably changed some lives for those that are so upset about it.

This new buy does nothing to change my attitude. I am happiest when others are happy. Harley is a great guy (though I only met him once). I'm glad he got a great custom set. Easily the front-runner into the HoF when it becomes eligible.
 
Poker Zombie said:
Mint Paulsons aren't just any Patriots ticket. They're a Super Bowl ticket (and that's not even a good analogy, given the number of times the Patriots have been to the SB in the Brady/Belichick era).

Now I would still see selling the SB tix to family or close friends for face value - but only very close friends. On the Patriots Fan Forum, you're not selling for face value. They may be friends. You would sell them for less than you would to a scalper or on some random ticket exchange, but you wouldn't sell them for next to nothing.

I have even been tempted to release my Star chips to the wild. I love them, but 'cmon, the prices at auction have been crazy. But I resist... because I know, deep down, that these are extremely rare, and I am probably never going to have the opportunity to get such a minty set again. The people that did sell? Their loss. Sure, maybe they turned a little profit. Maybe $4000? That's not life-changing.

Yet it seems to have irrevocably changed some lives for those that are so upset about it.

This new buy does nothing to change my attitude. I am happiest when others are happy. Harley is a great guy (though I only met him once). I'm glad he got a great custom set. Easily the front-runner into the HoF when it becomes eligible.
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So does that mean we get to play with them again soon? :bag:
 
I think the term “gouging” for a luxury item like poker chips is meaningless. I’m in the market for a particular tournament set and one just went up for sale in the classifieds but it’s several thousand more than I’m willing to pay. This is fine, the seller is all good and correct for trying to get the best price for his product, and I’m all good knowing I have a budget and a price limit. If he’s able to get a buyer at his price then more power to him. If he has to come down a bit, then that’s the free market at work.

I feel the same way about so called “flipping”. I don’t know what’s going on in peoples lives and I don’t know what motivates them, but whether they are having some kind of crisis and need to get some funds fast or if they were opportunistic from the beginning and saw a way to make a good profit - either way, if they are offering a product at a price people are willing to pay I have ZERO problem with this.

There is no one holding a gun to anyone’s head, and this is not a product that is a necessity in anyway shape or form. If you are on this forum looking to buy high-end poker chips your only concern should be getting a good price and a good product, and not attaching value judgments to the sellers who are just trying to make the most they can as we all would.

I think the rub for a lot of people Is that the sellers were afforded an opportunity to aquire the chips in the first place, and others were not. But I say that’s just the way it goes sometimes. Opportunities pop up. I would never begrudge someone for grabbing one.
 
Chippy McChiperson said:
It really depends on the item. Many years ago when i worked for Nordstrom shoes and clothes were about 100% markup, and cosmetics were significantly higher than that.
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I think the closest comparison would be illicit drugs. Nobody cares where they came from or what suffering they caused, they just want them in their hands and will pay through the nose for them. Ask an addict, they’ll tell you more drugs are better no matter the cost or hurt.
 
I would be willing to approach the owner of the Texas Cardhouse. I would be very transparent with our end goal but I think it better if we had artwork proof to show him.
Who among you cares to take a stab at reinventing their current design althewhile keeping the same name and logo that would not only appeal to him but to a wider but not huge audience? I'm thinking it best to keep numbers relatively smallish such that future orders have a better chance at getting approved. ....but my thinking may wrong. Just realized the logo has the suits in the shape of either a dragon or bat....bat would make sense since Austin has a huge bat colony downtown that has become a tourist attraction.
The brave person(s) should probably open up a separate design thread.

239876

239877
 
Chris Manzoni said:
I think the term “gouging” for a luxury item like poker chips is meaningless. I’m in the market for a particular tournament set and one just went up for sale in the classifieds but it’s several thousand more than I’m willing to pay. This is fine, the seller is all good and correct for trying to get the best price for his product, and I’m all good knowing I have a budget and a price limit. If he’s able to get a buyer at his price then more power to him. If he has to come down a bit, then that’s the free market at work.

I feel the same way about so called “flipping”. I don’t know what’s going on in peoples lives and I don’t know what motivates them, but whether they are having some kind of crisis and need to get some funds fast or if they were opportunistic from the beginning and saw a way to make a good profit - either way, if they are offering a product at a price people are willing to pay I have ZERO problem with this.

There is no one holding a gun to anyone’s head, and this is not a product that is a necessity in anyway shape or form. If you are on this forum looking to buy high-end poker chips your only concern should be getting a good price and a good product, and not attaching value judgments to the sellers who are just trying to make the most they can as we all would.

I think the rub for a lot of people Is that the sellers were afforded an opportunity to aquire the chips in the first place, and others were not. But I say that’s just the way it goes sometimes. Opportunities pop up. I would never begrudge someone for grabbing one.
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Chris I think you are mistaken. I am not sure how long you have been around, and it may be a strange concept for some of the new members to grasp, but it has not always been this way. Back in the days of chiptalk members were literally kicked off the site and excommunicated for flipping chips and gouging the market, and most often they were listing through eBay.

Then people started taking advantage of the low price chiproom sales where we were all given a fair opportunity to buy chips below market value. These people were also ostracized by the community and labeled as flippers

When the star buys happened it was really the first time so many people had the opportunity to sell chips at well above their purchase price. All of a sudden the community became a place of “hey I’m just selling for what people are willing to pay.

The pendulum has shifted now and all public sales are about maximizing your profits. Any friendly deals are being done behind closed doors. I encourage people to sell their chips for whatever they can get for them now. The next great buy that is apparently already in the works will only diminish those returns
 
ssanel54 said:
Chris I think you are mistaken. I am not sure how long you have been around, and it may be a strange concept for some of the new members to grasp, but it has not always been this way. Back in the days of chiptalk members were literally kicked off the site and excommunicated for flipping chips and gouging the market, and most often they were listing through eBay.

Then people started taking advantage of the low price chiproom sales where we were all given a fair opportunity to buy chips below market value. These people were also ostracized by the community and labeled as flippers

When the star buys happened it was really the first time so many people had the opportunity to sell chips at well above their purchase price. All of a sudden the community became a place of “hey I’m just selling for what people are willing to pay.

The pendulum has shifted now and all public sales are about maximizing your profits. Any friendly deals are being done behind closed doors. I encourage people to sell their chips for whatever they can get for them now. The next great buy that is apparently already in the works will only diminish those returns
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Like X1000

This post should be stickied and archived
 
ssanel54 said:
Chris I think you are mistaken. I am not sure how long you have been around, and it may be a strange concept for some of the new members to grasp, but it has not always been this way. Back in the days of chiptalk members were literally kicked off the site and excommunicated for flipping chips and gouging the market, and most often they were listing through eBay.

Then people started taking advantage of the low price chiproom sales where we were all given a fair opportunity to buy chips below market value. These people were also ostracized by the community and labeled as flippers

When the star buys happened it was really the first time so many people had the opportunity to sell chips at well above their purchase price. All of a sudden the community became a place of “hey I’m just selling for what people are willing to pay.

The pendulum has shifted now and all public sales are about maximizing your profits. Any friendly deals are being done behind closed doors. I encourage people to sell their chips for whatever they can get for them now. The next great buy that is apparently already in the works will only diminish those returns
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This reminds me of a high end ecig mod forum I was on back in the day before I quit nicotine. Not picking sides, but on the forum I am talking about flipping would get you insta banned. Everything was sold at the price you paid allowing people to try new/rare stuff on the cheap and then sell it back to the community if they didn't want it. You didn't make a killing selling your stuff, but you knew you could always get something new/different at cost. It was a very interesting place, talking about china clones or any fakes/knock offs also got you banned as it was for high end/rare mods only.
 
ssanel54 said:
Chris I think you are mistaken. I am not sure how long you have been around, and it may be a strange concept for some of the new members to grasp, but it has not always been this way. Back in the days of chiptalk members were literally kicked off the site and excommunicated for flipping chips and gouging the market, and most often they were listing through eBay.

Then people started taking advantage of the low price chiproom sales where we were all given a fair opportunity to buy chips below market value. These people were also ostracized by the community and labeled as flippers

When the star buys happened it was really the first time so many people had the opportunity to sell chips at well above their purchase price. All of a sudden the community became a place of “hey I’m just selling for what people are willing to pay.

The pendulum has shifted now and all public sales are about maximizing your profits. Any friendly deals are being done behind closed doors. I encourage people to sell their chips for whatever they can get for them now. The next great buy that is apparently already in the works will only diminish those returns
Click to expand...
In my mind, there is a huge difference between the two.
  1. Player A sees a chiproom sale about to occur. He gets the fastest connection speed possible, hovers and bangs the hell out of the refresh key until the sale goes live. He then buys all the $25 chips. 1 hour later, they go up for sale at 3x the price. The profit that Jim (chiproom) could have made goes to someone else instead.
  2. Player B gets offered an opportunity to buy mint Paulsons. After more than a year, he decides to sell them. In auctions they are selling for 4x the price, so he sells the chips for 4x the price.
If you think these two players in the chip game are the same, let me remind you that Chiproom decided that the next sale will occur on eBay. He made the deal with the casino. He made the long road-trip (500+ miles) to pick them up. He sorted them. Some flipper got the lion's share of the profit.

If you still think it's the same, the Paulson buyers were under the impression that their money was at extreme risk. Maybe some did buy with the intention to sell. If that was their plan, they certainly didn't buy a lot, because most would see a nice, but not impressive profit (at my age, I would consider a ~$4000 profit to be nice, but it doesn't move the retirement needle).

Finally, flipping was looked down upon by Greg (the owner of CT). Tommy has made it very clear that speaking out against flipping was not tolerated at PCF.

When in Greg's house, you play by Gregs rules. When in Tommy's house, you play by Tommy's rules. It doesn't matter if it's the same community - you respect the rules laid down by the host.
 
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ssanel54 said:
Chris I think you are mistaken. I am not sure how long you have been around, and it may be a strange concept for some of the new members to grasp, but it has not always been this way. Back in the days of chiptalk members were literally kicked off the site and excommunicated for flipping chips and gouging the market, and most often they were listing through eBay.

Then people started taking advantage of the low price chiproom sales where we were all given a fair opportunity to buy chips below market value. These people were also ostracized by the community and labeled as flippers

When the star buys happened it was really the first time so many people had the opportunity to sell chips at well above their purchase price. All of a sudden the community became a place of “hey I’m just selling for what people are willing to pay.

The pendulum has shifted now and all public sales are about maximizing your profits. Any friendly deals are being done behind closed doors. I encourage people to sell their chips for whatever they can get for them now. The next great buy that is apparently already in the works will only diminish those returns
Click to expand...

Yeah that's not completely true, what about the Crystal Park OS chips that were bought for <$1 and were going for over $20. When there was limited supply on CT prices did go up. The practice of supply and demand pricing is not a Stars phenomenon, it is a scarce pretty chip necessity. Look at the Mapes chips, those used to be affordable as well. While I agree the prices have gone up significantly as of the last few years, I attribute that to having more members. Also inflation is a bitch, even minimum wage is $15 in some places.
 
Can I say how impressed and or disappointed I am that no one has posted pictures of their pets or babies in this thread yet? I like how it turned into the off-topic general discussion area, but is it even a proper derail without random pictures?
 

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