Trying to understand the valuation between different sets of chips (1 Viewer)

[karsus]

Newbie question here. I am trying to understand the exuberance around certain chips becoming available. I get the basics that price is driven by an demand vs supply (ie rarity) -- and I assume that there more to it than that (colors, spot patterns, quality, age, etc); and of course THC, RHC, TRK, etc plays a role. However, getting basic economics out of the way, what it is for instance the hype around the Lakeshore Inn chips? Is there history there that I am not aware of? I agree they are nice looking chips, but that alone can't explain the excitement level around them.

What am I missing?

 

[saleen121212]

Simple. Rarity

 

[karsus]

Is there any reference to understand relative rarity in the market or is it more of a tribal knowledge thing?

 

[saleen121212]

Tribal knowledge. There has never been a full lakeshore set for sale here ever. Only 2 racks of 1s and some quarters. The rest are hoarded by the same people never to release them

 

[Lemonzest]

The value of Lakeshores is confluence of several of the things you listed: THC, nice inlay art, pretty California color scheme, well matched spot colors, rare, and from a real card room.

There is also an element of "tribal knowledge" or "group think" going on. There is a hype train mentality with certain things. Once people start hyping something then other people get excited about it and so forth. The hype gets maintained because they are indeed rare.
I don't mean to say the hype is not warranted just that everyone discussing chips gets people more excited about chips and then the result is people willing to spend more money. Without a common meeting point aka hype machine these would not be valued as highly if sold in a vacuum say on eBay.

 

[karsus]

So there is nothing unique about them from a spot pattern or color.. just that they are older (looks like 1985/86) and likely leaded, and that their are not many in circulation.

 

[Rhodeman77]

Also for this set colors. There are very few Cali colored set around. There are a crap ton of red $5 options, very few yellow $5’s.

 

[Lemonzest]

So there is nothing unique about them from a spot pattern or color.. just that they are older (looks like 1985/86) and likely leaded, and that their are not many in circulation.

Oh yeah leaded adds to their value and so does having shaped inlays. Many collectors prefer old school leaded chips with shaped inlays. It is all these things together that make them valuable. And yeah there are not very many yellow chips with nice spots on the THC mold available.

I am super interested to see who gets them and at what price. We will see all the heavy hitters come out to play I expect.

 

[karsus]

I am somewhat surprised that there is not more 'counterfeiting' around them then. Its, not like the original company is around to protect their copy-write on the art. While getting leaded paulson's is not easy, it is not impossible, and gear makes a pretty good label as shown in the relabeled 100s.

I will say though.. I do like the yellow for the $5s.. if I ever get around to a custom set.. that might be in my future.

 

[saleen121212]

I am somewhat surprised that there is not more 'counterfeiting' around them then. Its, not like the original company is around to protect their copy-write on the art. While getting leaded paulson's is not easy, it is not impossible, and gear makes a pretty good label as shown in the relabeled 100s.

I will say though.. I do like the yellow for the $5s.. if I ever get around to a custom set.. that might be in my future.

How would you counterfeit it? It costs sooooooo much money to produce decent poker chips let alone Paulson quality

 

[Lemonzest]

I am somewhat surprised that there is not more 'counterfeiting' around them then. Its, not like the original company is around to protect their copy-write on the art. While getting leaded paulson's is not easy, it is not impossible, and gear makes a pretty good label as shown in the relabeled 100s.

I will say though.. I do like the yellow for the $5s.. if I ever get around to a custom set.. that might be in my future.

Scamming people is easy to do. Making a decent copy of a paulson THC chip is very hard to do I would imagine. For people engaged in fraud there would be much easier things to do then try and copy THC chips and then resell them to collectors... lol

 

[karsus]

How would you counterfeit it? It costs sooooooo much money to produce decent poker chips let alone Paulson quality

Counterfeiting was likely the wrong word -- I was more thinking of finding old leaded Paulson's and relabeling.

 

[saleen121212]

Counterfeiting was likely the wrong word -- I was more thinking of finding old leaded Paulson's and relabeling.

More like make a tribute set? Ya that would make sense

 

[Changster]

Talk is talk. Hype is hype. In the end, money talks and BS walks. The people hyping it up won’t be the ones bidding them up, trust me.

There are only a handful of people paying the “crazy” prices that people talk about. So if it just happens they aren’t in love with a certain set, the chips aren’t gonna get bid up.

 

[RichMahogany]

I am somewhat surprised that there is not more 'counterfeiting' around them then. Its, not like the original company is around to protect their copy-write on the art. While getting leaded paulson's is not easy, it is not impossible, and gear makes a pretty good label as shown in the relabeled 100s.

I will say though.. I do like the yellow for the $5s.. if I ever get around to a custom set.. that might be in my future.

Umm the original company(Paulson)is still around and once a particular combo(base, spot pattern, spot color) has been made, it can never be redone.

Getting leaded Paulsons is extremely easy, but not necessarily cheap depending on the chip

 

[Seeking Alpha Social Club]

Umm the original company(Paulson)is still around and once a particular combo(base, spot pattern, spot color) has been made, it can never be redone.

I honestly have no idea if this is the case or not, but I suspect somebody might have pulled it off on an epic level. But I get what you are saying.

 

[Seeking Alpha Social Club]

Counterfeiting was likely the wrong word -- I was more thinking of finding old leaded Paulson's and relabeling.

I gotta tell you...as a newbie, you just might be on the right track. I have spent a shit load of money on complete sets, but these days, I enjoy my mixed Paulson and mixed TRK sets the most. I can get all the colors and edge spots to exactly what I want. If I weren't so lazy, I would re-label them into a custom set. Anyway, if it ain't your thing...don't chase it. Do what makes you happy!

 

[saleen121212]

I gotta tell you...as a newbie, you just might be on the right track. I have spent a shit load of money on complete sets, but these days, I enjoy my mixed Paulson and mixed TRK sets the most. I can get all the colors and edge spots to exactly what I want. If I weren't so lazy, I would re-label them into a custom set. Anyway, if it ain't your thing...don't chaise it. Do what makes you happy!

I've never wanted a full set as is. There's always a chip or 2 in the set I don't like. I'd much prefer building a relabel or mixed set

 

[Seeking Alpha Social Club]

I've never wanted a full set as is. There's always a chip or 2 in the set I don't like. I'd much prefer building a relabel or mixed set

++1 this ^^^^ exactly!!!

 

[RichMahogany]

I honestly have no idea if this is the case or not, but I suspect somebody might have pulled it off on an epic level. But I get what you are saying.

View attachment 348084View attachment 348085

Totally get it, but they aren’t exact copies, which is how they were approved from my understanding

 

[Changster]

I honestly have no idea if this is the case or not, but I suspect somebody might have pulled it off on an epic level. But I get what you are saying.

View attachment 348084View attachment 348085

I love this color combo.... it’s so damn awesome.

 

[saleen121212]

I honestly have no idea if this is the case or not, but I suspect somebody might have pulled it off on an epic level. But I get what you are saying.

View attachment 348084View attachment 348085

I would love to know the full story of those chips and how gpi was tricked into printing them.

 

[Seeking Alpha Social Club]

I would love to know the full story of those chips and how gpi was tricked into printing them.

LOL!! Not trying to start a fire storm. Just mentioning out of admiration on a job well done. We can discuss over beers sometime, but not here please

 

[Changster]

I would love to know the full story of those chips and how gpi was tricked into printing them.

My guess is there was no trick. You open an account with GPI... you submit your proof... they do their checks and it turns out there’s no exact match vs existing chips.... it gets approved... you pay... you get...

If you mean tricked into the initial opening of the account with GPI and not the actual chips... zero idea on that.

 

[Seeking Alpha Social Club]

I love this color combo.... it’s so damn awesome.

They are my all time FAVORITE!!

 

[saleen121212]

My guess is there was no trick. You open an account with GPI... you submit your proof... they do their checks and it turns out there’s no exact match vs existing chips.... it gets approved... you pay... you get...

If you mean tricked into the initial opening of the account with GPI and not the actual chips... zero idea on that.

I know how they got the chips
I don't know how the idiot at gpi allowed chips this close to a major events chips. Didn't the event have to change a chip because of the boat chips?

 

[karsus]

Umm the original company(Paulson)is still around and once a particular combo(base, spot pattern, spot color) has been made, it can never be redone.

Getting leaded Paulsons is extremely easy, but not necessarily cheap depending on the chip

Interesting, I didn't realize the Color + spots were unique to each order/casino

 

[BGinGA]

I don't know how the idiot at gpi allowed chips this close to a major events chips. Didn't the event have to change a chip because of the boat chips?

Different mold, different spot colors, different inlay. Different enough to pass the internal guidelines. Blame the process, not the person following it.

Nobody has ever produced any kind of proof that the chipset was changed for any particular reason. In fact, some chips from that set were used in 2019.

 

[saleen121212]

Different mold, different spot colors, different inlay. Different enough to pass the internal guidelines. Blame the process, not the person following it.

Nobody has ever produced any kind of proof that the chipset was changed for any particular reason. In fact, some chips from that set were used in 2019.

Well someone did a damn good job of making them just different enough to get through. Well done. Also I thought mold didn't matter to gpi

 

[detroitdad]

I gotta tell you...as a newbie, you just might be on the right track. I have spent a shit load of money on complete sets, but these days, I enjoy my mixed Paulson and mixed TRK sets the most. I can get all the colors and edge spots to exactly what I want. If I weren't so lazy, I would re-label them into a custom set. Anyway, if it ain't your thing...don't chase it. Do what makes you happy!

I'll take your prized set off of your hands since it isn't a preferred set