Did somebody slip one past the goalie, or are you all just planning? (1 Viewer)

[upNdown]

I have no idea how these things work - if you get the money together first, then sneak in the order, or if you wait to actually get the order through, then start collecting cash. But with the amount of selling that’s been going on, it seems like something cool must be in the works. I’ll never have any skin in those games, so all i have to say is good luck! (And don’t use black inlays!)

 

[Nanook]

Your title had me thinking of something else entirely?

I'm not getting involved in the sort if thing you are talking about unless at some point I am the organizer somehow, so I am not the one to respond with anything useful.

20 yrs ago I slipped one past the goalie for my 4th kid. At the time it seemed pretty worrisome, but now I wouldn't change it for anything.

 

[Thomacetti]

You collect funds once the order is approved / accepted by GPI Japan

 

[Jeff]

Bing Bong

 

[FordPickup92]

BING BONG

 

[upNdown]

Do you guys have a secret handshake too?

 

[Poker Zombie]

 

[JeepologyOffroad]

I think you just enjoy being controversial and it’s entertaining.

 

[FordPickup92]

Do you guys have a secret handshake too?

Yup

Spoiler

 

[Highli99]

Do you guys have a secret handshake too?

I’m pretty sure it’s that double handshake that @longflop uses as his avatar.

 

[upNdown]

@JeepologyOffroad
Never said you were wrong. But you can’t blame a guy for being curious.

 

[Ben8257]

As the man accused of having his "finger on the pulse of PCF"... how about a opinionated mission statement on the current chip market.

So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation.

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

I can tell you that Ben/Brie selling chips is only to build a set of existing chips, I am not cool enough to be in this illuminati club that everyone thinks exists. Just us selling off what we are not using to build something else... quite common in this hobby.

So we all know just before the Holidays is typically a big sell session and becomes a buyers market (happens every year) roll that into late winter/early spring which is Tax season. Lots of folks suddenly have extra funds buring a hole in their pockets, and always folks lookin to get a piece of that extra money.

Let's not forget "global issues" lots of question mark's on where the e economy will go moving forward. This typically causes scares and makes people want to dump their equity and start storing cash in coffee cans... in layman's terms.

Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out. Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

 

[upNdown]

As the man accused of having his "finger on the pulse of PCF"... how about a opinionated mission statement on the current chip market.

So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation.

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

I can tell you that Ben/Brie selling chips is only to build a set of existing chips, I am not cool enough to be in this illuminati club that everyone thinks exists. Just us selling off what we are not using to build something else... quite common in this hobby.

So we all know just before the Holidays is typically a big sell session and becomes a buyers market (happens every year) roll that into late winter/early spring which is Tax season. Lots of folks suddenly have extra funds buring a hole in their pockets, and always folks lookin to get a piece of that extra money.

Let's not forget "global issues" lots of question mark's on where the e economy will go moving forward. This typically causes scares and makes people want to dump their equity and start storing cash in coffee cans... in layman's terms.

Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out. Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

This all makes a lot of sense to me. I have a couple of thoughts.
I don’t follow the RHC market too closely, but it’s tough to avoid. I think Danny could have pulled several racks out of that set and sold it for the same price - it was a strange breakdown, I think. Suited for 1/1 - 2/5, with some extra racks on top of that maybe?
And the part of me that says there’s another NAGB going on is the same part that explains why those Isle chips might be devalued. The more “really fancy” chips that are available, the less the “pretty fancy” chips sell for.
But we can’t really infer anything from one single sale.
Anyway, I think there’s a lot of wisdom in what you’ve said but that certainly doesn’t mean that my suspicions are off base - both can be true.
And honestly, there have been what, 4-5 major NAGBs that we’re all aware of, plus at least a few (and probably more) smaller personal buys? I think the genie’s out of the bottle and just will assume these things will keep happening, until the don’t.

 

[TheBigTater]

Bing Bong MF'ers.

 

[DMack]

As the man accused of having his "finger on the pulse of PCF"... how about a opinionated mission statement on the current chip market.

So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation.

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

I can tell you that Ben/Brie selling chips is only to build a set of existing chips, I am not cool enough to be in this illuminati club that everyone thinks exists. Just us selling off what we are not using to build something else... quite common in this hobby.

So we all know just before the Holidays is typically a big sell session and becomes a buyers market (happens every year) roll that into late winter/early spring which is Tax season. Lots of folks suddenly have extra funds buring a hole in their pockets, and always folks lookin to get a piece of that extra money.

Let's not forget "global issues" lots of question mark's on where the e economy will go moving forward. This typically causes scares and makes people want to dump their equity and start storing cash in coffee cans... in layman's terms.

Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out. Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

I think you’re very accurate with a lot of this, Ben. I, for one, was very surprised Danny’s set went so low, especially with that rack of hundos in there. The price was so low I almost bid just to get that hundos rack.

I never have a clue what’s going on in the NAGB world, but I just hope whoever is pulling one off gets the help of @JeepologyOffroad or @Eloe2000 . Or maybe I don’t…because the prices of what they could produce might make me consider doing really stupid things!

 

[aggie]

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

 

[PocketAces]

As the man accused of having his "finger on the pulse of PCF"... how about a opinionated mission statement on the current chip market.

So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation.

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

I can tell you that Ben/Brie selling chips is only to build a set of existing chips, I am not cool enough to be in this illuminati club that everyone thinks exists. Just us selling off what we are not using to build something else... quite common in this hobby.

So we all know just before the Holidays is typically a big sell session and becomes a buyers market (happens every year) roll that into late winter/early spring which is Tax season. Lots of folks suddenly have extra funds buring a hole in their pockets, and always folks lookin to get a piece of that extra money.

Let's not forget "global issues" lots of question mark's on where the e economy will go moving forward. This typically causes scares and makes people want to dump their equity and start storing cash in coffee cans... in layman's terms.

Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out. Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

Good post - agree with this 100%.

 

[Nanook]

.......So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation...............Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out.

Spot on

Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Of course this is true as well. For some, this is going to be painful

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

things do seem to be cooling a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

I think a lot of people don't fully grasp just how fickle this chip market can be. One or two more or less buyers can influence prices dramatically.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Every market falls precipitously at some point after parabolic runs up. Maybe this is just the beginning of that or maybe there is more to it

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

well....
In this case it seems as though one stupid uneducated construction worker is, in some ways, smarter than the guys that are smart enough to make enough money to spend $30/chip on chips that someone else bought an unlimited # of for roughly $1 each.

 

[chicubs1988]

As the man accused of having his "finger on the pulse of PCF"... how about a opinionated mission statement on the current chip market.

So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation.

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

I can tell you that Ben/Brie selling chips is only to build a set of existing chips, I am not cool enough to be in this illuminati club that everyone thinks exists. Just us selling off what we are not using to build something else... quite common in this hobby.

So we all know just before the Holidays is typically a big sell session and becomes a buyers market (happens every year) roll that into late winter/early spring which is Tax season. Lots of folks suddenly have extra funds buring a hole in their pockets, and always folks lookin to get a piece of that extra money.

Let's not forget "global issues" lots of question mark's on where the e economy will go moving forward. This typically causes scares and makes people want to dump their equity and start storing cash in coffee cans... in layman's terms.

Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out. Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

Crypto has also tumbled which I think may be contributing as well. I agree with everything else. The steep increase in prices was being driven by a relatively small number of members who have joined in the last ~2 years. Those members are slowing down their purchases and its starting to have an effect. Hopefully prices will drop, but unfortunately, I think a lot of people will just sit on their stashes of chips rather than selling them at significant losses.

 

[moechar]

 

[PhilLaFond]

Nice post Ben. Not sure when "NAGB" started being used as the acronym for what we all know it to mean, but it made me smile, so cheers to whoever initiated it. Classic.

 

[Bluegrass Poker]

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.

I’ve always found people who make comments like this are, inevitably, one of the smartest people in the room.

Pretty sure it fits here. Great post.

 

[Lil Tuna]

The chipping market is completely dead, everyone cut your losses and sell your old tired clay disks while you still can!
I myself will no longer be investing in clay disks. I’ve resorted to only spending future disposable income on fine wine………..

Shoes that make me look taller………

Fine cigars…………

beers with degenerates you meet in airport bars………

Catching huge fish on the beach……..

Site seeing………….

And of course fast cars and fast women!

BING BONG the chips are dead the wicked chips are dead, get the hell out while you still can!

 

[Lil Tuna]

Crypto has also tumbled which I think may be contributing as well. I agree with everything else. The steep increase in prices was being driven by a relatively small number of members who have joined in the last ~2 years. Those members are slowing down their purchases and its starting to have an effect. Hopefully prices will drop, but unfortunately, I think a lot of people will just sit on their stashes of chips rather than selling them at significant losses.

 

[turboj623]

@JeepologyOffroad said:
I think you just enjoy being controversial and it’s entertaining.

I was so confused by your post until I realized that you quoted yourself lol.

 

[Chippy McChiperson]

Well in my case (selling my HSI secondary set) I just came to the realization I’m probably never going to put it in play. I finally got my LCO set in play, and I have these other sets that are just sitting there when other people could enjoy them. Plus I’ve had a pretty bad couple weeks on the felt and selling this would make it seem like I had a very good two weeks lol.

 

[Jeff]

When my kids were in high school and worrying about whether they were getting invited to the right party, my sage advice to them was ... be the inviter instead of the invitee. Throw the party and you'll be there for sure!

Happy GPI hunting to all!

 

[Stufflymcstuff]

Danny’s isle set went for what it went for because it was a large set, and a 1 day auction - and many prospective buyers likely didn’t see it. Only takes a couple motivated buyers to drive that price up way higher - it’s not something you see often.

The market may be going down but this isn’t proving it. Auctions have always been hit or miss, especially for large lots. Windwalker backing off from chips has a huge impact on high end chips but almost no impact on the rhc market if we’re being realistic.

 

[bsdunbar1]

Site seeing………….
fast cars and fast women

Must have been a long night.

 

[Thomacetti]

As the man accused of having his "finger on the pulse of PCF"... how about a opinionated mission statement on the current chip market.

So with our "top tier buyer" now in the sell off phase and not driving prices sky high, those looking to hold out on "cashing in for top dollar" have likely missed their window. Much like the housing market and stock market...you missed the window on super inflation.

The second tier buyers that came in during the pandemic guns blazing and buying up all of the "good stuff that fell through the cracks" have had time to reflect... they have figured out what their dreams sets are and pushing forward to finish those projects and in turn putting up some massive trade bait to make it happen. They are hitting their 18 - 24 month window of figuring out exactly what they want.

I can tell you that Ben/Brie selling chips is only to build a set of existing chips, I am not cool enough to be in this illuminati club that everyone thinks exists. Just us selling off what we are not using to build something else... quite common in this hobby.

So we all know just before the Holidays is typically a big sell session and becomes a buyers market (happens every year) roll that into late winter/early spring which is Tax season. Lots of folks suddenly have extra funds buring a hole in their pockets, and always folks lookin to get a piece of that extra money.

Let's not forget "global issues" lots of question mark's on where the e economy will go moving forward. This typically causes scares and makes people want to dump their equity and start storing cash in coffee cans... in layman's terms.

Many believe with the top investor bowing out and even trying to move some chips with little success that this market is resetting itself slightly. Those that know they paid heavy inflated prices for what they have are worried they may have to take major losses to recoupe what they can. Hence why many seasoned veteran chippers have just sat back, made some huge profits, no major purchases... just riding the storm of "new incumbent covid chippers" let them flex and spent their money... eventually we have to find the ceiling of this madness and things will naturally balance back out. Some people are going to loose like when any market resets. Its not going to be the veterans riding the storm out either.

Soo sell while the water is still warm! Have we reached the summit? Well 6 - 8 months ago I think @RivieraDanny Isle set would have sold for $3 - $4 a chip easy and went for sub $2.50 per chip... so the answer is... who knows. Lol TRKs are still selling for insane prices... but definitely seems like things are balancing out a bit.

Also keep in mind that a few of the "big hitters" are still licking their wounds and recovering from the Royal Pricess buy, depleted bank accounts means no extra funds to throw about.

So all of this means sell, sell, sell... and there will always be a few folks that translate that to "there must be another NAGB in the works!" Pretty damn typical around these parts. I don't think it is true, I think a lot of people look at chips from the "investment" angle and suddenly those values may be on the downward slope and some folks are trying to recoup what they can.

Again just a stupid uneducated redneck construction workers opinion... maybe I am totally out to lunch here, but I don't think I am too far off on that one.