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RivieraDanny

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WARNING: Here comes an @Ben8257 !

I perused the thread regarding cancelling a sale and all I can say is just WOW! So many points, some valid, some interesting, some just plain, well... you know.

I came into this place with 30 years of a chipping habit I didn't even know I had. I bought chips I didn't even know what I was going to do with! ( I've seen this since ). I made some quick friends that I chat with via text or PM almost daily and cant wait to meet in person someday. I've made "Business partners" with whom I've bought from, sold to and traded with.

I've "met" online keyboard warriors, some of whom once we got to "know" each other have become much better with each other and some not so much. There's always a bully on the playground at every school who cannot be tamed! I'm sure an in person meet up with them would also quell any animosity we have for each other. and then there is the exception, the guy you don't hit it off with and it just never gets any better, That's life. Text in a forum, on the internet, on a telephone I've always said is the worst form of communication. You don't get to see their eyes, hear the inflection in their voice and so on. Size them up is the best term I can think of. I believe we all need to step back and check ourselves once and a while before hitting the keys.

I've also been introduced to the now famous "AssHat List", I'm sure I may be on a few of those myself and that's all good with me. I have exactly 2 people on such a list for very specific reasons. This "AssHat List" has inspired this essay. I've always been a believer in "Sell to who you want for what you want". How much you sell your things for is none of anyone's business! There is a few things I've paid next to nothing for and made extreme profit on due to market conditions and would never sell something I bought for a dollar for that same dollar if market commands that its worth 100 dollars. When it comes to that, the market is the market and if both parties are happy with the price the seller made a bit and the buyer got a good deal.

That all said I have definitely seen some interesting things happening here, first hand i was quietly buying certain chips that once the "market" saw my interest the price doubled or even tripled from members and vendors alike. I saw someone mention that as soon as interest happens with a certain chip people start to buy it up hoping to trade up later of even stop someone from collecting that certain chip all together. In my opinion, both should get you on the WFAHL (World Famous AssHat List). I'm not necessarily a "chips to all the people" guy but I truly believe that poker chips are not a good "Investment" product. you can spend your life trying to corner what you believe is "all the available chips" in a group only to have some asshat like me stumble upon 5 racks of Mapes 100's and 7.some racks of Pick Hobson Fracs.... then, according to what I've been told by many, "oh I cant pay you that now that I know that many exist!" Really??? It was worth it to you 5 minutes ago but now its worth 10% of that? Fine go without it!

As everyone knows, and if somehow you didn't know, yes I sold to @Windwalker 1 minty rack of Mapes 100's. Many messaged me wanting to know what I got for them, and many PM'd him wanting to know what he paid. (Nosey ass's). Well that deal wont be revealed publicly as we agreed that's how it would be. I also have many other chips received in that deal that I had no Idea were so "Valuable" most of which I am keeping not for their value but because I like them! and guess what, they'll get played! maybe even splashed and nicked, chipped or broken, SO WHAT! they aint chips if you'll never play them. PERIOD. vaulting chips to never play is like storing food you'll never eat! If you want to vault something, vault a single or 2.

Yes I agree with the many here who don't like that there are a few here who will over pay to the extreme just to own something. (transparency, yes you @Windwalker). it affects not only artificially the price but the ability for some to own some nice things. at 250,000 ships I don't know what the end game is but if it makes you happy then I have nothing to say about it as no one else here does. I've already had to switch gears on sets due to this behavior from some here and its ok, I'm at nervana with MY sets and the only hoard I really have is WTHC's. The sooner you let go of the fact that there is some hoarders of all things nice (and there's more than a few here) and there's nothing you can do about it, the happier you will be. Focus on what you love and work it! leave the hate and animosity at the door as you cannot change peoples ways no matter how hard you try.

Lets stop mentioning the "AssHat" List or that you even have one. Quietly peruse it before you sell. We all have things figured out and who's who here and what they do.

Lets make this "community a bit stronger with action vs. words. IF IT BRINGS YOU JOY LOVE IT COLLECT IT! If it doesn't let it go! It'll be a better forum if we move forward with a little more kindness and less words!

SORRY FOR THE BOOK! But just had to get the rant out! There's a lot of nice people here and I am happier I found you than not!.
 

Sprouty

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RivieraDanny

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PS: My favorite response in the sale renig thread was from @ReallyGoodUsername !!!!!!!!!!!!!!

PLEASE HELP ME FILL MY 92nd SET! hahahahaha Interesting... That gets you Lifetime ROFR on anything you sell me, until that is I decide not to honor that!

"Yeah, I heard that story". Mo Green, The Godfather.
 

Tallguy

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Well said sir. There’s lots of people getting their panties in bunches over some pretty trivial stuff here.
 

RainmanTrail

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I think most people realize that when a hoard of something previously rare gets discovered, the value of that item goes down in price. It's just basic economics. Supply and demand. When supply increases, prices go down. The Mapes $100 chip is a perfect example. A few years ago, when the singles sellers in Vegas all still had these available, you could get them for $20 to $30 each. Then as more and more of them starting running out of stock (supply was fading and demand was increasing) they started to go up: $50 ea, $75 ea, and then they got to about $100-120 ea where they held at that price for a while until supplies essentially dried up everywhere. Then nobody had any left, so they started seeking upwards of $180 to $200 on the singles market because there were a handful of people desperately trying to complete their sample sets, willing to pay whatever it took before they were all effectively locked up for good. Then, someone suddenly discovers 5 racks of them! Pretty great score, and an exciting find for sure. But if that person thinks they can now sell through 5 racks at the $200 per chip price point, they'll be disappointed. You could probably post them as singles on ebay, one by one, at auction, and you'll get close to $200 for the first one, maybe two, but as you continue to post them for sale, the price will steadily come down. You probably couldn't even sell through a full barrel before the eBay singles price would be go down below $100 per chip. It was the same thing with the Wynn charity event chips. Singles collectors were paying $60 to $100 ea for the 5k chip at first, but you can only sell through so many at that price until you run out of buyers. The chipping world is a very small hobby in comparison to other collectibles/hobbies. Ultimately, they're your chips, and you get to decide however much you want to ask for them. But if you want to sell through them all, you'd be wise to recognize that the very act of discovering a large number of them does in fact significantly affect their value. It's just how markets work. People offering you significantly less than $200 ea aren't trying to take advantage of you, they're simply taking supply and demand principles into account.
 

RivieraDanny

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I think most people realize that when a hoard of something previously rare gets discovered, the value of that item goes down in price. It's just basic economics. Supply and demand. When supply increases, prices go down. The Mapes $100 chip is a perfect example. A few years ago, when the singles sellers in Vegas all still had these available, you could get them for $20 to $30 each. Then as more and more of them starting running out of stock (supply was fading and demand was increasing) they started to go up: $50 ea, $75 ea, and then they got to about $100-120 ea where they held at that price for a while until supplies essentially dried up everywhere. Then nobody had any left, so they started seeking upwards of $180 to $200 on the singles market because there were a handful of people desperately trying to complete their sample sets, willing to pay whatever it took before they were all effectively locked up for good. Then, someone suddenly discovers 5 racks of them! Pretty great score, and an exciting find for sure. But if that person thinks they can now sell through 5 racks at the $200 per chip price point, they'll be disappointed. You could probably post them as singles on ebay, one by one, at auction, and you'll get close to $200 for the first one, maybe two, but as you continue to post them for sale, the price will steadily come down. You probably couldn't even sell through a full barrel before the eBay singles price would be go down below $100 per chip. It was the same thing with the Wynn charity event chips. Singles collectors were paying $60 to $100 ea for the 5k chip at first, but you can only sell through so many at that price until you run out of buyers. The chipping world is a very small hobby in comparison to other collectibles/hobbies. Ultimately, they're your chips, and you get to decide however much you want to ask for them. But if you want to sell through them all, you'd be wise to recognize that the very act of discovering a large number of them does in fact significantly affect their value. It's just how markets work. People offering you significantly less than $200 ea aren't trying to take advantage of you, they're simply taking supply and demand principles into account.
I whole heartedly agree. My point was more to the single collector attempting a cornered market. I realize that the value decreases. But for someone to say I’m the only one to seek to??? Nope. I don’t play that way.
 

RivieraDanny

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I think most people realize that when a hoard of something previously rare gets discovered, the value of that item goes down in price. It's just basic economics. Supply and demand. When supply increases, prices go down. The Mapes $100 chip is a perfect example. A few years ago, when the singles sellers in Vegas all still had these available, you could get them for $20 to $30 each. Then as more and more of them starting running out of stock (supply was fading and demand was increasing) they started to go up: $50 ea, $75 ea, and then they got to about $100-120 ea where they held at that price for a while until supplies essentially dried up everywhere. Then nobody had any left, so they started seeking upwards of $180 to $200 on the singles market because there were a handful of people desperately trying to complete their sample sets, willing to pay whatever it took before they were all effectively locked up for good. Then, someone suddenly discovers 5 racks of them! Pretty great score, and an exciting find for sure. But if that person thinks they can now sell through 5 racks at the $200 per chip price point, they'll be disappointed. You could probably post them as singles on ebay, one by one, at auction, and you'll get close to $200 for the first one, maybe two, but as you continue to post them for sale, the price will steadily come down. You probably couldn't even sell through a full barrel before the eBay singles price would be go down below $100 per chip. It was the same thing with the Wynn charity event chips. Singles collectors were paying $60 to $100 ea for the 5k chip at first, but you can only sell through so many at that price until you run out of buyers. The chipping world is a very small hobby in comparison to other collectibles/hobbies. Ultimately, they're your chips, and you get to decide however much you want to ask for them. But if you want to sell through them all, you'd be wise to recognize that the very act of discovering a large number of them does in fact significantly affect their value. It's just how markets work. People offering you significantly less than $200 ea aren't trying to take advantage of you, they're simply taking supply and demand principles into account.
Also. Not sure about basic economics. That would apply to something readily available from another source. If someone is the only one with something you want you have two choices. Buy it. Or. Go without it. If a seller sticks to his price and not “bow to the now that you have more they’re with less” then the same result is true. You’d have to go without. Value in poker chips is so subjective. 50 racks could show up tomorrow. If one decides the price is $100 a chip and sticks to it. The price is $100 a chip. Or..... again, stand ground and go without.
 
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