How do you know the details about chips that are posted? (1 Viewer)

Matrixmoney

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I'm a newbie trying to learn more. I've been looking through wanted chip posts and I see chips being listed for $500+ for a set, but commonly do not provide any information beyond amount of chips, prices and a picture. Is there a known way to look up the details somehow? I've tried the pokerchip DB link, but it doesnt have many of the ones I've tried to find. Doesn't the value of the chips come from the details of how it is made and by whom? How would I know that the chip set is not some cheaper type of chip quality if the information isnt posted?

Thanks
 
Values change based on the manufacturer. Then again with condition. Again with aesthetic. Again with lead content. Again with desirability. Again with scarcity. And so on.

Best way to learn is a mix between searching, learning, and taking your time to better understand. It’s an odd analogy to many, but if I was thrown into an art gallery nothing short of doing the aforementioned would help me in gauging prices and understanding exactly what I was looking at.
 
welcome!

Slow down my friend, yes the details matter. What if I told you when you’ve been here long enough you know all the details by sight? ;)

Start your journey by reading the New Members link in my signature (landscape on mobile)
 
Values change based on the manufacturer. Then again with condition. Again with aesthetic. Again with lead content. Again with desirability. Again with scarcity. And so on.

Best way to learn is a mix between searching, learning, and taking your time to better understand. It’s an odd analogy to many, but if I was thrown into an art gallery nothing short of doing the aforementioned would help me in gauging prices and understanding exactly what I was looking at.
Thanks! Why is it common to see sellers NOT include the manufacture but are asking for $1000 for their set of chips? I feel like I am missing common knowledge in understanding how to gauge value beyond the picture?
 
Thanks! Why is it common to see sellers NOT include the manufacture but are asking for $1000 for their set of chips? I feel like I am missing common knowledge in understanding how to gauge value beyond the picture?
We’re used to most potential buyers knowing pretty much exactly what certain chips are and a good idea of what they’re worth. Manufacturer is usually mentioned though
 
welcome!

Slow down my friend, yes the details matter. What if I told you when you’ve been here long enough you know all the details by sight? ;)

Start your journey by reading the New Members link in my signature (landscape on mobile)
Thank you! So people do not include manufacturer or any other info on the chip beyond a picture because the community is assumed to know all the information without posting that? That does seem like a tall order in being able to do that, but I trust what you are saying. Thank for the info, I just thought it to be so odd in how details are not posted when listing high priced chips, but I understand what you're saying now.
 
Thanks! Why is it common to see sellers NOT include the manufacture but are asking for $1000 for their set of chips? I feel like I am missing common knowledge in understanding how to gauge value beyond the picture?
you likely are missing common knowledge, and need to do more research. - Check out the link in my sig, it will really help you get started.

Thank you! So people do not include manufacturer or any other info on the chip beyond a picture because the community is assumed to know all the information without posting that? That does seem like a tall order in being able to do that, but I trust what you are saying. Thank for the info, I just thought it to be so odd in how details are not posted when listing high priced chips, but I understand what you're saying now.
Listen! When Degens are selling their drugs, they don't want to deal with Normals, they don't want to have to explain the product, they want someone with the knowledge of the chips, because only other Degens are going to spend copious amounts of money for small round clay disks who's value is higher than the number printed on the chips.

You (likely) wouldn't ask someone 'Are those real Jordans?', or why did you spend 300+ on those shoes...

Paulsons carry a value, which are easy to spot, the type of chips THC, RHC (there are a few others) are easy to spot, the usage / condition of the chip is somewhat easy to spot, understanding the history of the casino is a bit more challenging.

Take for instance these chips, the THC yellow Paulson chip with an original inlay of 25c is a difficult chip to get, they are brand new another feather in the cap, and they are BRIGHT another plus, the inserts are also bright and a favorable pattern. They are too new to be leaded a negative or small minus to cost.

The blue THC chips are one of the better blues imo that Paulson makes, they are also live chips, so while they are a great chip, very affordable because you can walk in a get as many as you want from the Paris. Don't look at the 5s I need two more racks and you're not crazy enough (at least yet) to spend 15 USD a chip on them :cool
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Yeah there’s a steep learning curve with this hobby and very few resources to learn from. My best recommendation is to read everything you can that’s been posted on this site for the past few years.
Good luck!
 
you likely are missing common knowledge, and need to do more research. - Check out the link in my sig, it will really help you get started.


Listen! When Degens are selling their drugs, they don't want to deal with Normals, they don't want to have to explain the product, they want someone with the knowledge of the chips, because only other Degens are going to spend copious amounts of money for small round clay disks who's value is higher than the number printed on the chips.

You (likely) wouldn't ask someone 'Are those real Jordans?', or why did you spend 300+ on those shoes...

Paulsons carry a value, which are easy to spot, the type of chips THC, RHC (there are a few others) are easy to spot, the usage / condition of the chip is somewhat easy to spot, understanding the history of the casino is a bit more challenging.

Take for instance these chips, the THC yellow Paulson chip with an original inlay of 25c is a difficult chip to get, they are brand new another feather in the cap, and they are BRIGHT another plus, the inserts are also bright and a favorable pattern. They are too new to be leaded a negative or small minus to cost.

The blue THC chips are one of the better blues imo that Paulson makes, they are also live chips, so while they are a great chip, very affordable because you can walk in a get as many as you want from the Paris. Don't look at the 5s I need two more racks and you're not crazy enough (at least yet) to spend 15 USD a chip on them :cool
View attachment 1168266

Thank you! I have learned about the THC and RHC being Paulsons, its the others that have no mold markings that I'm unaware of. I will continue to read and research. Thanks again!
 
No molds are not common in actually clay chips, but of a no mold chip, TINA / china clays or ceramics would likely be the most common, then maybe CPCs and then Paulson. Ceramics and Plastics should be easier to spot than CPC / Paulson clay chips when it comes to 'no mold'.

If you have questions about a particular auction or sale, ask the author of the post about history and value. Often times, you'll get 'well this is what I have in the chips' as the why of value, but sometimes you'll get more feedback / understanding.

Searching and posting about the value of a given auction can be okay, it also could spark people pointing the finger and using expletives and accusations, such as Flipper! and end with the block list, but honest questions should always be okay.

Also if you're looking for a set in the auction channel, I would be careful of buying if you didn't understand what you were getting in the way of quantity. Before you buy, you need to either understand you're buying chips because you like them and don't plan to use them or you need to understand what game you want to play with them and the quantity that will best fit your needs. Which will start with 'what size bank' do I need to run a game with. So while 1k on say 1200 chips may be a good deal, if you're playing a 5/10 limit game and you have 2 racks of fracs 3 racks of 1s, 3 racks of 5s, 3 racks of 25s and 2 racks of 100s, that's not going to work for your game.
 
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I'm a newbie trying to learn more. I've been looking through wanted chip posts and I see chips being listed for $500+ for a set, but commonly do not provide any information beyond amount of chips, prices and a picture. Is there a known way to look up the details somehow? I've tried the pokerchip DB link, but it doesnt have many of the ones I've tried to find. Doesn't the value of the chips come from the details of how it is made and by whom? How would I know that the chip set is not some cheaper type of chip quality if the information isnt posted?

Thanks
Thank you! So people do not include manufacturer or any other info on the chip beyond a picture because the community is assumed to know all the information without posting that? That does seem like a tall order in being able to do that, but I trust what you are saying. Thank for the info, I just thought it to be so odd in how details are not posted when listing high priced chips, but I understand what you're saying now.
These really are excellent questions, so don't worry at all about putting yourself out there by posting this. Every n00b here has gone through an education phase. Especially one that wants to fairly quickly jump into the higher value chips.

I was where you are a little over 3 years ago. Maybe even below your level of knowledge as I didn't know who Paul's son was :) didn't know that CPCs existed (and can be ordered!) had never heard of TRKs (holy grail for many here) and just wanted to know which Claysmith chips were the best clay chip that could be bought! Seriously, I thought Milanos were "real" clay, casino quality (because that's how they advertise and sell them) and wondered if they were good enough that I should up my budget from 20 cents a chip to 35 cents. That is why I created an account on PCF back in April 2020.

I totally immersed myself in this forum from day 1. As others said, you need to acquire the knowledge. In many cases it will not be obvious from a listing why some chips are $1 each, and others that look very similar are $10 each. I didn't know whether the people on here could be trusted, but I saw some chips listed sell within minutes, sometimes within seconds of being posted. While others, that might have looked as nice to me, and maybe even priced lower, would sit for days or weeks. So yeah, obviously there are reasons, and to be honest, to get the best deals, you have to know the difference quickly enough to make a snap decision. And it will take experience and knowledge.

So I probably spent 8-10 hours a day on here that first week. I was just fascinated by the hobby, by the diversity and depth of different types of chips, and the vast variety even within types. But the other thing I did was I found that some people were extremely helpful in sharing knowledge with me. They welcomed me into the community of this forum. They sent me PMs to explain to me when others might be critical of my questions or statements. They genuinely became my friends, and I could ask them questions offline with no fear of being criticised for saying something ignorant.

So my advice is go forth and learn. Read a LOT of posts, ask questions, participate in discussion threads, and make friends. Also, get samples! Try to get as many different types of chips in your hands so that YOU can decide what types of chips, what colors, what spot patterns, and what composition of materials YOU like best. Ultimately, buying chips that YOU will love collecting and playing poker with is what is most important.

And WAIT to make any big purchases. Your tastes will evolve the longer you are here. Because I waited until I had learned more, I did not purchase a set of any Claysmith chips. I'm not dissing them, because they do fit a niche, and there is nothing wrong with them at their price point. But I actually like the set I bought first even better, and they were cheaper than Milanos. And after a year here, i decided I did want real compressed clay chips, and I bought some that were over a dollar a chip. And just last week I went over another milestone by getting a few chips I wanted to complete a set that cost $5 per chip, the most this cheapskate has ever paid, and about 20 times what my budget per chip was when I joined this forum. But you know what, I still love that first set I bought that was under $250. And I'll probably never sell it. Because I made sure that I only bought chips that I knew I would love.

Welcome to PCF. Most of all - Have fun! This is a great place to learn, and a really fun and addictive hobby.
 
Prices r set by how many exist and how often available to purchase vs how many people and what people want them
 
You actually want to be buyin chips that were once readily available and have lots of people having sets but are now no longer produced and hard to find. Some rare sets are too rare to go up in value much as only a few people have playable sets and no new guys are gonna come along trying to complete sets
 
I have maybe 4 diff sets i shelved bout 13 yrs ago. Since then some went up, some went down, some gone sideways. I cant imagine buying chips purely as an investment as being a wise choice
 
Get samples before you buy. then set a budget. You can spend $20,000.00 on a set of you want to? And hey why just one set? If one is good 2 must be better. Then If you really want to get serious $250,000.00+ on chips is not out of the question.

As for investment. There are so many better investments. Dont even factor this into your thinking because if you do, you wont be able to play them because they might go up in price. That's a real trap.

Just buy what you love and love what you buy. Everything else is just opinion. Here's something to think about - no one you play with will even know what a high end chip is. They most likely like the heavy plastic chips with the pretty stickers commonly known as Slugged chips. The lowest of the low.

Im happy to pay $3 to $5 a chip. Now i think about it thats really mad since i can get 1000 slugged chips for 10 cents a chip.

And that is the madness you have entered into joining this site. I start thinking "Hey those 43mil paulsons for $30 a chip are really nice!" I wonder if i could make a set???

Lastly this site is about High end chips. We have strong opinions. Its easy to start a fight about which paulson mould is best. You probably dont yet know what that is yet so Happy learning.

So have a look in the links and Glossary and learn the lingo and that will really help you.

Good luck and welcome to the site.
 
These really are excellent questions, so don't worry at all about putting yourself out there by posting this. Every n00b here has gone through an education phase. Especially one that wants to fairly quickly jump into the higher value chips.

I was where you are a little over 3 years ago. Maybe even below your level of knowledge as I didn't know who Paul's son was :) didn't know that CPCs existed (and can be ordered!) had never heard of TRKs (holy grail for many here) and just wanted to know which Claysmith chips were the best clay chip that could be bought! Seriously, I thought Milanos were "real" clay, casino quality (because that's how they advertise and sell them) and wondered if they were good enough that I should up my budget from 20 cents a chip to 35 cents. That is why I created an account on PCF back in April 2020.

I totally immersed myself in this forum from day 1. As others said, you need to acquire the knowledge. In many cases it will not be obvious from a listing why some chips are $1 each, and others that look very similar are $10 each. I didn't know whether the people on here could be trusted, but I saw some chips listed sell within minutes, sometimes within seconds of being posted. While others, that might have looked as nice to me, and maybe even priced lower, would sit for days or weeks. So yeah, obviously there are reasons, and to be honest, to get the best deals, you have to know the difference quickly enough to make a snap decision. And it will take experience and knowledge.

So I probably spent 8-10 hours a day on here that first week. I was just fascinated by the hobby, by the diversity and depth of different types of chips, and the vast variety even within types. But the other thing I did was I found that some people were extremely helpful in sharing knowledge with me. They welcomed me into the community of this forum. They sent me PMs to explain to me when others might be critical of my questions or statements. They genuinely became my friends, and I could ask them questions offline with no fear of being criticised for saying something ignorant.

So my advice is go forth and learn. Read a LOT of posts, ask questions, participate in discussion threads, and make friends. Also, get samples! Try to get as many different types of chips in your hands so that YOU can decide what types of chips, what colors, what spot patterns, and what composition of materials YOU like best. Ultimately, buying chips that YOU will love collecting and playing poker with is what is most important.

And WAIT to make any big purchases. Your tastes will evolve the longer you are here. Because I waited until I had learned more, I did not purchase a set of any Claysmith chips. I'm not dissing them, because they do fit a niche, and there is nothing wrong with them at their price point. But I actually like the set I bought first even better, and they were cheaper than Milanos. And after a year here, i decided I did want real compressed clay chips, and I bought some that were over a dollar a chip. And just last week I went over another milestone by getting a few chips I wanted to complete a set that cost $5 per chip, the most this cheapskate has ever paid, and about 20 times what my budget per chip was when I joined this forum. But you know what, I still love that first set I bought that was under $250. And I'll probably never sell it. Because I made sure that I only bought chips that I knew I would love.

Welcome to PCF. Most of all - Have fun! This is a great place to learn, and a really fun and addictive hobby.
Hi TX,

Thank you for the very thoughtful and personable reply. I've been learning a lot since joining this forum in the last couple of weeks, but the biggest and most valuable information I've learned is how awesome/nice everyone in this community really is. As you said, I've already been PM'ed from other members offering assistance and help with information and then seeing your post and others, its pretty unique for "the internet" to be so nice, especially a poker community (I am used to mostly playing with 1/2 regs at card rooms).

Thank you for all of that information, I will make sure to use it as I continue to read and learn.
 

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