Just an observation (2 Viewers)

[Psypher1000]

I've seen many racks of chip selling at about $1k/rack. I have no judgement or comment on that price in itself - it is what it is, and if that's where the market has settled at, so be it. But if that's the case, that means someone could go to a casino and buy a 600pc single table cash set - 100 frac/200 $1/200 $5/80 $25/20 $100 - at face (adding in some extra for tips/commissions necessary to get fracs or $1's out the door) for roughly the same price as they could get one here.

That, my fellow chippers, is astonishing to me.

Clearly there are differences in colors, conditions, molds, costs for labels/milling, etc. So no, it's not the same thing. Still, the price similarity just boggles me. If you'd have told me that eight years ago I'd have laughed in your face, but here we are.

 

[megarises]

I've seen many racks of chip selling at about $1k/rack. I have no judgement or comment on that price in itself - it is what it is, and if that's where the market has settled at, so be it. But if that's the case, that means someone could go to a casino and buy a 600pc single table cash set - 100 frac/200 $1/200 $5/80 $25/20 $100 - at face (adding in some extra for tips/commissions necessary to get fracs or $1's out the door) for roughly the same price as they could get one here.

That, my fellow chippers, is astonishing to me.

Clearly there are differences in colors, conditions, molds, costs for labels/milling, etc. So no, it's not the same thing. Still, the price similarity just boggles me. If you'd have told me that eight years ago I'd have laughed in your face, but here we are.

Boggles my mind even more that people go through such lengths/expense to obtain said sets that never see felt.

 

[davislane]

I've seen many racks of chip selling at about $1k/rack. I have no judgement or comment on that price in itself - it is what it is, and if that's where the market has settled at, so be it. But if that's the case, that means someone could go to a casino and buy a 600pc single table cash set - 100 frac/200 $1/200 $5/80 $25/20 $100 - at face (adding in some extra for tips/commissions necessary to get fracs or $1's out the door) for roughly the same price as they could get one here.

That, my fellow chippers, is astonishing to me.

Clearly there are differences in colors, conditions, molds, costs for labels/milling, etc. So no, it's not the same thing. Still, the price similarity just boggles me. If you'd have told me that eight years ago I'd have laughed in your face, but here we are.

those can be returned hassle free and not subject to market movements, assuming the casino is still open.

 

[Budha]

I've seen many racks of chip selling at about $1k/rack.

Recently…? I’ve seen lots “listed”, but haven’t seen a lot “selling” at $1000+/rack.

 

[softchewy]

We went through this already...

@Hammer2171

 

[BNM]

Yeah, wacky. But, people also fell over themselves to buy CR sale chips to make tourney sets, when similar breakdown NAGB Boat chip tourney sets were selling for much less. Whatcha gonna do?

 

[BGinGA]

the price similarity just boggles me. If you'd have told me that eight years ago I'd have laughed in your face

Hey, if somebody tells me that NOW, I laugh in their face.

 

[Psypher1000]

Yeah, wacky. But, people also fell over themselves to buy CR sale chips to make tourney sets, when similar breakdown NAGB Boat chip tourney sets were selling for much less. Whatcha gonna do?

Yup. Our weird little hobby market is…well…people have very specific wants and preferences, I suppose, and many are willing to pay to get what they want. Their money. No skin off my back.

I hope to see more and more chips come to market, though! Love seeing supply/options keep increasing.

 

[HaRDHouSeiNC]

Pretty hard anymore to harvest a full set of brand new chips anywhere now
Harvesting $5s at a casino with no poker will end up costing you 50% on top maybe

That’s part of it
$100s and $500s?

NCV Tourney sets how?

 

[upNdown]

Yeah, wacky. But, people also fell over themselves to buy CR sale chips to make tourney sets, when similar breakdown NAGB Boat chip tourney sets were selling for much less. Whatcha gonna do?

I always assumed that was because the chip room sets had cool 43mm $1ks, $5ks, and often $25ks.
I don’t think any of the boat chip tourney sets had big chips. 43mm for $20 and $100 cash chips was it, right?

 

[slisk250]

Agree. I started harvesting my full Golden Nugget set and love it. I have about 4500 into it. Paris set same. Ballys. Mostly the same. In the hierarchy of chip coolness. I still say casino chips reign supreme

 

[HaRDHouSeiNC]

Agree. I started harvesting my full Golden Nugget set and love it. I have about 4500 into it. Paris set same. Ballys. Mostly the same. In the hierarchy of chip coolness. I still say casino chips reign supreme

People missed the boat here years ago when these were brand new

 

[upNdown]

And since nobody’s mentioned it, I’ll toss it out there - THC vs RHC. Though @slisk250 will tell you there are a few casinos with live THC chips and cool house mold chips, most of what’s live out there (and most of what the chiproom sells) is RHC. People will definitely pay for THC.

I can’t imagine many people renting racks of RHC $25s for face value. Then again I would have said the same thing about RHC $5s a few years ago, but then during the craziness of the past couple of years, we saw some chip room $5s flipped for that much. So who knows?

 

[BNM]

I always assumed that was because the chip room sets had cool 43mm $1ks, $5ks, and often $25ks.
I don’t think any of the boat chip tourney sets had big chips. 43mm for $20 and $100 cash chips was it, right?

Correct on the sizing, but define “cool”. I don’t have the bigger chip bug, and the vast majority of the CR chips have gawd awful inlays, so I never got the appeal. But, others did, which is great for them. I just always marveled at that pricing gap.

 

[slisk250]

And since nobody’s mentioned it, I’ll toss it out there - THC vs RHC. Though @slisk250 will tell you there are a few casinos with live THC chips and cool house mold chips, most of what’s live out there (and most of what the chiproom sells) is RHC. People will definitely pay for THC.

I can’t imagine many people renting racks of RHC $25s for face value. Then again I would have said the same thing about RHC $5s a few years ago, but then during the craziness of the past couple of years, we saw some chip room $5s flipped for that much. So who knows?

Not long ago I found a RHC Chip in my Plaza 1s racks. Gave it to nitzilla. Confirmed there are no RHC chips in the house!

 

[BarrieJ3]

The surprise is at racks being $1k, or people paying that instead of harvesting live sets?

It’s not like people are paying 1k for racks of chips and NOT harvesting live sets.

We’ve just recently watched 6 figures walk out of Vegas. I’m not even a big time chipper and I picked up over $5k in live chips.

 

[davislane]

Hey, if somebody tells me that NOW, I laugh in their face.

View attachment 1068512

 

[BGinGA]

I always assumed that was because the chip room sets had cool 43mm $1ks, $5ks, and often $25ks.
I don’t think any of the boat chip tourney sets had big chips. 43mm for $20 and $100 cash chips was it, right?

There was a planned all-43mm Pacific Star tourney set with denominations up to 100k.

And enough chips to make them available to the masses.