Too late to submit my last set of customs to HOF? (3 Viewers)

[DoubleEagle]

Whether or not you like the resulting prices, it's not accurate to accuse a seller of 'gouging' or 'fleecing' for merely selling chips at prices people are willing to pay.

Market price = Price agreed to by a willing seller and a willing buyer.

 

[bsdunbar1]

Many still share this sentiment, unfortunately there are many others who do not.

Most all of my transactions are with people I consider F&F until they prove me wrong or I form that opinion by seeing their other transactions/interactions on here.

 

[realcdn]

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

I'd sure like to know what this is supposed to mean??? Is the buy so large that it is going to flood the market with Paulsons? As a recent buyer of boat chips, I find this statement really disturbing. I would have to say, the only thing that really bothers me about the private GPI purchases is the unfair information advantage these individuals have over the rest of the market.

 

[Sprinsd]

I'd sure like to know what this is supposed to mean??? Is the buy so large that it is going to flood the market with Paulsons? As a recent buyer of boat chips, I find this statement really disturbing. I would have to say, the only thing that really bothers me about the private GPI purchases is the unfair information advantage these individuals have over the rest of the market.

Sounds like Something big is coming....

 

[Chippy McChiperson]

I think he's talking about the "buy" Saleen and others are talking about in this very thread.

 

[Jonesey07]

They were just on the table in April, 2018! What I need are fewer sets, or more games!

MOAR GAMESSSSSSS

 

[ssanel54]

I think he's talking about the "buy" Saleen and others are talking about in this very thread.

Yes, and the fact that none of these group buy custom chips are going to maintain their peak values over time

 

[saskbull]

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.

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i like the idea, but i’m wondering how you convince a cardroom to go in on secure chips that will have thousands of the same chips in the wild? maybe i missed something? i admit i’ve only skimmed through the posts today

 

[grantc54]

I'm all for more chips on the market. More chips = better pricing.

I am hoping the Jack casino chips get purchased and sold by a vendor as well. I realize there are different markets for each type of chip released (boat chips, these chips, promo chips, new 43mm CC), but whenever people need funds more chips get sold.

Since the site is now so driven by getting max market value I hope that the market value goes down!

I only buy chips to play with and would caution anyone buying chips as an investment or hoping to get all of that value back in the future.

 

[RowdyRawhide]

i like the idea, but i’m wondering how you convince a cardroom to go in on secure chips that will have thousands of the same chips in the wild? maybe i missed something? i admit i’ve only skimmed through the posts today

PCFers would buy a secondary set

 

[saleen121212]

Sounds like Something big is coming....

 

[saskbull]

PCFers would buy a secondary set

doh! that makes sense

 

[saskbull]

in that case, there may be another licensed cardroom opening in the future that would be willing to do the same. wish me luck

 

[justsomedude]

The next great buys that is are apparently already in the works will only diminish those returns

FYP

 

[flipupchipup]

So many fucking whiners and nancy's in this thread it is hard to even believe. I was not part of ANY group buy for the Aurora Star or Empress Star chips, but was certainly willing to pay market prices for them to build the sets I have after they broke out on PCF. Yes, I wanted the chips knowing someone else paid sub $2/chip and bought them at a large markup anyway without any reservations whatsoever.

The amount of entitlement and the idea that people think they are "owed" anything is absolutely hilarious. Seems to be a common theme in America these days.

 

[BGinGA]

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

Sorry Scott, but I've been around for a fair bit of time, and I think your post is a pretty short-sighted and incomplete viewpoint of 'now vs then'. There's a lot more to it than you have alluded.

The two primary factors in play here are supply and demand. Buzzwords, yes, but there is no getting around the dramatic changes in both of those facets in today's chipping world vs what it was like 10-15 years ago.

The number of active chippers with available cash back then was much, much smaller, and the purchase opportunities for them were much greater. In addition to the frequent Chip Room sales, there were also mint high-end clay chips available for purchase directly from ASM, BCC, TRK, and indirectly from Paulson -- and those outlets were also part of what helped keep Chip Room prices relatively low.

Saturation of a smaller market (large supply/small demand) always keeps prices lower, and this was evidenced by how long it sometimes took TCR to sell out inventory, and by the price drops it sometimes took to accomplish it.

As an improving economy and cheaper mid-range chips started bringing in more and more new chippers, with many of those chippers eventually joining the ranks of high-end chip chasers, demand for nice chips started to dramatically increase. And at the same time, supply started to drop off significantly -- the improving economy also resulted in fewer casinos going out of business (meaning fewer chips reaching the market via Chip Room sales), while TRK and BCC both closed up shop, and Paulson/GPI stopping making home market chips altogether.

Suddenly a small saturated market had transformed into a large starved market. New prospective chip buyers did the only thing they could to get a piece of the shrinking pool of new chips -- they threw money at them. And anybody else who wanted to compete for those chips had to do the same. What was once a buyer's market with lots of low-priced options became a seller's market with fewer higher-priced available goods, in relation to the size of the new buyer pool.

The people who took advantage of low Chip Room prices back then by buying chips purely for resale were among the first to start transforming the chip market from it's 'friendly traders' roots to the current "profit-driven' model we see today. By the time the Horseshoe sales rolled around, things were markedly different -- the dwindling market supply, the increased number of buyers, and the sales climate had all significantly changed, evidenced by the power-grabbing and subsequent market price spikes seen in those chips days after they were released. More competition for limited resources means higher prices.... it always boils down to supply and demand.

Your comments about the star buy sellers are just silly. We're talking about roughly 30+ people total, of which about a third have publicly sold any chips at all. So maybe ten people, compared to literally hundreds of people who had previously bought Chip Room and other chips at low prices and now found themselves with an opportunity to "sell well above their purchase price." And they did so, and continue to do so. Those few star chip sellers weren't the first to do it or en mass; far from it. Get your head out of the sand.

However, I agree with you that friendly deals do still exist, and most are now done privately. The backchannel market is still pretty active, and is artificially reminiscent of the days of old when most chippers were in it for the chips, not the money.

 

[MacGrad]

So many fucking whiners and nancy's in this thread

I, for one, have not seen any Nancy's in this thread...

... until now.

 

[CraigT78]

I, for one, have not seen any Nancy's in this thread...

... until now.

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She's got 'The Claw'

 

[dmalhi1]

I am hoping the Jack casino chips get purchased and sold by a vendor as well.

i'm so doing a "surrey" themed relabel with jacks chips...

sidenote: this is local vancouver humor, i don't expect anyone to understand if they don't know about surrey.

 

[Meddler2]

i like the idea, but i’m wondering how you convince a cardroom to go in on secure chips that will have thousands of the same chips in the wild? maybe i missed something? i admit i’ve only skimmed through the posts today

Different designs for primary and secondary chip; the latter being soley for us.

 

[grantc54]

However, I agree with you that friendly deals do still exist, and most are now done privately. The backchannel market is still pretty active, and is artificially reminiscent of the days of old when most chippers were in it for the chips, not the money.

How does one get into the backchannel market? Are there hidden forums or PM/email?

 

[Tham6165]

How does one get into the backchannel market? Are there hidden forums or PM/email?

You didn't know
www.pokerchipforum/backchannelmarket.com
I thought that was given to everyone in the pcf field manual during boot camp

 

[softchewy]

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?

derail complete?...

 

[justsomedude]

How does one get into the backchannel market? Are there hidden forums or PM/email?

Track the public buy/sell transactions, determine who has what set(s), send PMs to make offers, stay off the grid... in turn, reciprocate those private offers that come to you via PM. Etc. etc...

 

[mrplacey]

How does one get into the backchannel market? Are there hidden forums or PM/email?

I'm a new member, and I might be wrong, but here's how I see it.

Step 1: Get an anus knife
Step 2: Attend all the PCF meat ups
Step 3:???
Step 4: glorious chips

 

[FDLmold]

How does one get into the backchannel market? Are there hidden forums or PM/email?

Be cool, participate, and ask nicely. I have dibs on some cool chips right now. I think I have to wait for the owner to die, but I've got that going for me, which is nice.

 

[justsomedude]

Be cool, participate, and ask nicely.

 

[Highli99]

I'm a new member, and I might be wrong, but here's how I see it.

Step 1: Get an anus knife
Step 2: Attend all the PCF meat ups
Step 3:???
Step 4: glorious chips

 

[mrplacey]

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There's a reason why I didn't use "profit" in this context of this thread.

 

[Poker Zombie]

You didn't know
www.pokerchipforum/backchannelmarket.com
I thought that was given to everyone in the pcf field manual during boot camp

You totally missed the opportunity to insert a rick-rolled video.