Binion's WSOP Paulson chips info

RainmanTrail

4 of a Kind
Supporting Member
Joined
Dec 21, 2015
Messages
7,466
Reaction score
15,044
Location
CA
I've received a lot of messages from people trying to find out more info about the Paulson WSOP Binion's chips. Here is everything I know about them and can share without giving away any names or outing specific people. Hopefully this helps anyone else looking for chips and/or answers.

History...

Check out @Zmasterben's great post about the history of the WSOP chips in play over the years here: https://www.pokerchipforum.com/threads/wsop-chip-usage-binions-horseshoe.40067/

The Binion's crime family held onto (all of?) their casino chips after they were supposed to have destroyed them per Nevada gaming commission rules. They kept them in a storage locker or vault and had someone laundering them off as singles on eBay for many years (at least a decade?). This secret stash of over 100,000 chips has been well known about in the singles collectors community (CCGTCAGGTCCATGCCTA?) for more than a decade. There were pics posted on the chip board forum from inside that storage unit many years ago showing an insane hoard of chips. The photo below (which I've received from a few different sources now, but won't say who) shows almost 20,000 $1s and at least as many WSOP Paulsons in it. You can probably hunt down the rest of the photos from that storage unit with enough effort by searching through cached web pages on the wayback machine on some other similar site. But there were A LOT of chips in there. I don't know when that photo was taken or how many were sold before this recent lot of chips surfaced, but it at least gives you an idea idea of the minimum amount of how many of these chips are out there. These chips have provided a steady stream of income over the years for the Binion's crime family just laundering them one by one through the 'business101101' eBay ID (pretty much the only thing that account has ever sold are Binion's chips from what I can tell), and I'm pretty confident that this is also the family source that every reseller who got a hold of their chips from today originally got theirs from. Also, it appears that they still kept some of the chips because that eBay ID just listed more singles again (despite having told the people they sold to that they were getting everything they had leftover).

I don't know if the chip hoard had anything to do with any of the Binion's crime family's other secret stashes of goods or not (see the youtube link below that discusses some of the stolen silver from their vault and buried treasures, which also has shows chip boxes in the background), but they did keep a lot of other stuff of value from Binion's from what I understand. The video also discusses Teddy Binion (one of Benny's sons) that was murdered in the late 90s, which some think was connected to the family's stolen treasures.


As far as who has what, and how many are known to exist, I really don't know much. I first found out about these chips a few weeks ago and have slowly learned more and more as time went on. But it seems as though all of the Binions chips came from the same original source (the Binion's crime family's storage unit or vault). The chips were offered to multiple resellers in large quantities. There may be more of these that will surface too (I think it's likely, but I don't know). There are at least a few sources for getting these chips now. Many have seen the listings in JrChief8's vendor section for a while now, so it's no surprise that some went to him. There are also at least 2 people who appear to be working together on eBay that are selling these chips. They listed one rack at auction but mention in the listing that they have a lot more. You can easily find the listing if you are looking for it. There is also a third source here, a member who I don't know was able to get a hold of a few thousand chips and has been selling them behind the scenes to various people here via PMs. I'm not sure why it's been such a super secret project though. But a lot of people here have been aware of these chips for a couple weeks now, and many of them have already traded hands. I don't know specifically who has what though, and don't really care.

The quantities that I'm aware of that have been offered for sale through all of the sources I've learned about combined (so far) are as follows. However, I suspect that more could surface. But your guess is as good as mine about how many might show up one day and who has them. Although, if I had to guess, I doubt we'll see the T500s and T5000s showing up in quantity at all. Those were probably in short supply to begin with, just based off of how many were likely ordered from Paulson at the time. They have probably been sold off as singles over the years through eBay. The T1s may be the same. Not sure if we'll ever see those in quantity or not. I have no idea how many were made, and those rarely pop up for sale. So they might already be in someone's private collection outside of this community, or they might have all been sold off as singles already? Who knows.

T1 - 0
T5 - 2800
T25 - 3400
T100 - 2100
T500 - 0
T1000 - 700
T5000 - 0

I bought mine from the people reselling them on eBay. I offered $3600 for 400x T5s, 100x T25s, and 100x T100s because that's what they were worth to me. My offer was accepted and I received the chips in a timely manner. The chips were safely packed in Bud Jones chip boxes, each wrapped in bubble wrap and placed inside a FedEx box. I also picked up another rack of T25s from Mel because she's so cool :) The pics below are representative of the conditions I received, which I believe are pretty similar for all of these. They all show casino use and could benefit from some cleaning and oiling. The T5s show slightly less wear than the T25s and T100s, but the differences are pretty minor. They stack well, but not perfectly. I'll probably end up flattening all of them at some point just because I'm pretty OCD with my chips, but they're not bad and most people would be perfectly fine with how they stack.

Good luck with the hunt guys. They're out there. Perhaps more will surface, perhaps they won't. But this is all the intel I've been able to piece together so far. And no, I won't give any names out. But I felt that everyone should have access to the same information to minimize some of the insider trading that goes on around here when some people have more access to the information than others. I'm sure someone else probably has more information than me as well. But this is what I know.

Oh, and I don't know much about the Bud Jones chips. I'm not really sure what all is out there. But the only source I know of for those is @JrChief8's vendor section. I don't think there were near as many Bud Jones chips made though as the Paulson chips, because those were made to supplement this Paulson set once field sizes in the main event started to blow up in the Moneymaker era.


1589517958066.png


1589518908962.png

1589518939715.png

1589518975547.png


binions_chips_storage_unit.jpg
 
Last edited:

Perthmike

Straight Flush
Joined
Aug 23, 2015
Messages
7,971
Reaction score
19,415
Location
Perth
Nice pickup. Kinda want a set for myself, you can't get better history than that.

I've heard from multiple sources that there are a bunch in pretty sharp condition and some in close to mint. Crazy how many survived really, exciting times.
 

cpiaaq

3 of a Kind
Supporting Member
Joined
Nov 7, 2014
Messages
517
Reaction score
1,072
Location
San Diego
Incredible post, thank you so much.

Its too bad the one of the big vendors isn't handling the release of these chips in their typical magnanimous ways :)
 

jr8719

Flush
Site Vendor
Joined
Apr 13, 2019
Messages
1,717
Reaction score
4,148
Location
UK
I love insightful posts like this — thank you, Travis!

I've got a feeling that this is only the start of us seeing many, many more of these chips finding their way into the community: feels like a vendor will find a way to purchase a huge bulk of what is pictured in that vault (that's what I'm hoping will happen, anyway, ha!).
 

guyfleegman

Flush
Joined
Mar 20, 2018
Messages
2,077
Reaction score
3,099
Location
Annapolis
I've heard from multiple sources that there are a bunch in pretty sharp condition and some in close to mint.

Well done Travis.
Hard to add to such a great post.
I also purchased a small amount of chips for myself and another chipping buddy from the eBay source.
They also arrived via FedEx in BJ boxes. About 1/4 of the 25’s and 100’s have VERY sharp edges. Some of the 25’s have a slightly different hue. I have heard this was from a second batch produced but cannot confirm. I was shorted 3 chips in my transaction but hopefully the seller will take care of it.
My pricing was very similar to what Travis paid.
To those that have or are getting chips:
The seller was very fast with communication and shipping in the beginning. Currently there is very little communication as he is “very busy the last few days”. This may or may not produce a different buying experience for those that are looking for chips now.

I am VERY happy with the chips overall. I do want to “upgrade” a few chips in my rack of 25’s and 100’s with sharp chips. If anyone would be interested in helping me I am open to conversation. I only need around 25-35 chips of each respectively. I may be selling/trading 1 rack of 5’s but am in the fence. I plan to use these as a T1000 tourney set:
Per player:
T5-10
T25-10
T100-7

For those that haven’t already seen the pron:

F7B057D6-0123-443B-8E54-60D8E88C7470.jpeg

P.s. Out of respect for my chipping buddy he/she will not be outed. I do not believe he/she has any intentions of selling and I don’t want their PM box hit up with prospective buyers. If they decide to move their chips, it is up to them.
 

JMC9389

Full House
Supporting Member
Joined
Jul 27, 2019
Messages
4,979
Reaction score
7,573
Location
NJ
Cool and informative thread.

Cripes I want a 200/200/200 set of the T5, T25, and T100's. Anyone want to loan me $3600? I'll pay it back over 6 months, promise!
 

navels

Full House
Site Vendor
Supporting Member
Joined
Apr 10, 2017
Messages
4,620
Reaction score
11,076
Location
Bellevue, WA
I'm guessing these amounts are your personal collection? If so that is impressive to have 700 t1k
"The quantities that I'm aware of that have been offered for sale through all of the sources I've learned about combined (so far) are as follows"
 

Hot Nuts

Flush
Joined
Nov 8, 2014
Messages
1,005
Reaction score
1,064
Location
Raleigh
Nice pickup. Kinda want a set for myself, you can't get better history than that.

I've heard from multiple sources that there are a bunch in pretty sharp condition and some in close to mint. Crazy how many survived really, exciting times.

The 5 and 100 in my sample set that I sold were near mint.

They could make a cool movie about the Binions. Has anyone seen the Lifetime version? I bet it sucks. https://en.wikipedia.org/wiki/Sex_and_Lies_in_Sin_City
 

i'm nobody

Straight
Joined
Nov 8, 2014
Messages
978
Reaction score
844
Location
Edmonton, Alberta
Really interesting read. Thanks for taking the time and when more time allows I need to learn more about the family.
Thanks so much for this and your chips are fantastic.
 

Lemonzest

4 of a Kind
Joined
Aug 31, 2017
Messages
6,192
Reaction score
6,479
Location
Las Vegas
I literally can't think of a better set for a hoard find. Congrats to all the new owners!

I also love the back story, this is what old Vegas is all about.

Binion's family are true G's for not destroying the chips, well played.
 

upNdown

Royal Flush
Joined
Aug 8, 2016
Messages
10,585
Reaction score
12,164
Location
boston
I literally can't think of a better set for a hoard find. Congrats to all the new owners!

I also love the back story, this is what old Vegas is all about.

Binion's family are true G's for not destroying the chips, well played.
I wonder if there was a statute of limitations involved that delayed the release of the hoard?
 
Top Bottom