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No more auctions (1 Viewer)

Beakertwang said:
I don’t have a dog in this fight, but it seems like you could have eliminated any criticism of hypocrisy by stating this in the OP, and maybe how holding those auctions and other recent situations have helped to form your opinion that auctions are greasy.
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I don't think my history of holding auctions matters when discussing the point of the OP. I still don't like them. Yes I have held auctions. I did so in a manner to find out a value of chips that RARELY sell on PCF. (I actually could not find a sale thread for them to gauge their value whatsoever) And when I found out, instead of offering the rest of the chips at the same price, I offered the rest of the chips at a discount from the auction price.
 
GIANTDustySquid said:
from THE ONLY group of people who is (likely) even interested in buying these chips (if they're interested in buying these chips, they're likely on PCF), then you get nothing but an inflated price,
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Then the OP must really hate eBay. Seriously I believe auctions are an efficient method to find the highest price a person is willing to pay. These are mostly 1 of a kind items, so to me it is like art or collector cars, both of which use auctions prolifickly.

With that said, the portion of the OPs quote I pasted above is true. But again, so are the prices people pay for art and collector cars too.
 
Totally depends on what you're selling IMO. If you have a set of CPC Rounders chips or some Grand Vic primaries to sell, then ya, it's pretty easy to list them at a fixed price and find a happy buyer to sell them to. But what if you have a full set of Mapes with racks of the $1s and a couple barrels of the $100s, or a set of Lakeshore Inn (no, they're not for sale)? Those chips are far more rare and valuable. I would say the greater "sin" would be to list them at a dibs listing instead of auctioning them off to give everyone a chance at them. I hate the dibs listing norms around here far more than I do any auctions. With auctions, at least I have a chance at the chips I want.

Prime example... I sold someone about 200 Lakeshore Inn $1s & $20s about 2 years ago via PM because I thought I'd never find more. Fast forward to the present, and I scored a great set of them and am now 50 $1s shy of completing my set. Potsie also has a set and needs 150 more $1s to complete his set. We've both been trying to track down these Lakeshore $1s for a while now. A few months back, the person I originally sold the ~160 $1s to decided to sell 2 racks of the Lakeshore $1s after selling me back one of the racks I sold him. So he puts them up for a dibs sale. Those two racks could have completed both my set and Potsie's set making 3 completed and playable Lakeshore Inn sets in the community. But instead, the guy listed them as a dibs sale and they went to some random chipper who is unknowingly now blocking both of us from completing our sets.

I know we all have differing views about the chip market, but in my opinion, the greatest sin I see around here is set blocking, not flipping. Auctions are an important tool in free markets. Getting rid of auctions here will have detrimental consequences to the community. The best sets will begin to migrate out as sellers would simply just turn to eBay with their grail sets.

Also, auctions are a great way to sell those random unique sets that some really have a well defined market. Like ASM Ewing mold hot stamps, or all the cool random sets that navels, kmccormick100, and megaton come across from outside the community.

If we're taking about a rack of Jacks $100s though, then sure, I agree. Just list the damn chips at a set price. But if you are selling your ACF Paulsons, for the love of God, auction them off please!
 
RainmanTrail said:
Totally depends on what you're selling IMO. If you have a set of CPC Rounders chips or some Grand Vic primaries to sell, then ya, it's pretty easy to list them at a fixed price and find a happy buyer to sell them to. But what if you have a full set of Mapes with racks of the $1s and a couple barrels of the $100s, or a set of Lakeshore Inn (no, they're not for sale)? Those chips are far more rare and valuable. I would say the greater "sin" would be to list them at a dibs listing instead of auctioning them off to give everyone a chance at them. I hate the dibs listing norms around here far more than I do any auctions. With auctions, at least I have a chance at the chips I want.

Prime example... I sold someone about 200 Lakeshore Inn $1s & $20s about 2 years ago via PM because I thought I'd never find more. Fast forward to the present, and I scored a great set of them and am now 50 $1s shy of completing my set. Potsie also has a set and needs 150 more $1s to complete his set. We've both been trying to track down these Lakeshore $1s for a while now. A few months back, the person I originally sold the ~160 $1s to decided to sell 2 racks of the Lakeshore $1s after selling me back one of the racks I sold him. So he puts them up for a dibs sale. Those two racks could have completed both my set and Potsie's set making 3 completed and playable Lakeshore Inn sets in the community. But instead, the guy listed them as a dibs sale and they went to some random chipper who is unknowingly now blocking both of us from completing our sets.

I know we all have differing views about the chip market, but in my opinion, the greatest sin I see around here is set blocking, not flipping. Auctions are an important tool in free markets. Getting rid of auctions here will have detrimental consequences to the community. The best sets will begin to migrate out as sellers would simply just turn to eBay with their grail sets.

Also, auctions are a great way to sell those random unique sets that some really have a well defined market. Like ASM Ewing mold hot stamps, or all the cool random sets that navels, kmccormick100, and megaton come across from outside the community.

If we're taking about a rack of Jacks $100s though, then sure, I agree. Just list the damn chips at a set price. But if you are selling your ACF Paulsons, for the love of God, auction them off please!
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What’s so special about Lakeshores? :ROFL: :ROFLMAO:
 
GIANTDustySquid said:
@davin The part about selling my jacks was a joke

@slisk250 you should ask the buyer from my kings auction what I offered him after that auction before you judge me based on those auctions. I had more of those chips (4x as many I think?) and let them go for much less than the auction price even after "finding their market value" instead of gouging for every dollar that I could have and probably SHOULD have considering the shenanigans that go on here.

Any others wanna take a personal shot at me regarding the OP?
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Lighten up Francis. You opened the door, I just walked on through. I thought it was pretty funny after reading it since I knew you had run a few auctions recently. Still think it's pretty damn funny. Don't take yourself so damn serious! :ROFL: :ROFLMAO:
 
RainmanTrail said:
Totally depends on what you're selling IMO. If you have a set of CPC Rounders chips or some Grand Vic primaries to sell, then ya, it's pretty easy to list them at a fixed price and find a happy buyer to sell them to. But what if you have a full set of Mapes with racks of the $1s and a couple barrels of the $100s, or a set of Lakeshore Inn (no, they're not for sale)? Those chips are far more rare and valuable. I would say the greater "sin" would be to list them at a dibs listing instead of auctioning them off to give everyone a chance at them. I hate the dibs listing norms around here far more than I do any auctions. With auctions, at least I have a chance at the chips I want.

Prime example... I sold someone about 200 Lakeshore Inn $1s & $20s about 2 years ago via PM because I thought I'd never find more. Fast forward to the present, and I scored a great set of them and am now 50 $1s shy of completing my set. Potsie also has a set and needs 150 more $1s to complete his set. We've both been trying to track down these Lakeshore $1s for a while now. A few months back, the person I originally sold the ~160 $1s to decided to sell 2 racks of the Lakeshore $1s after selling me back one of the racks I sold him. So he puts them up for a dibs sale. Those two racks could have completed both my set and Potsie's set making 3 completed and playable Lakeshore Inn sets in the community. But instead, the guy listed them as a dibs sale and they went to some random chipper who is unknowingly now blocking both of us from completing our sets.

I know we all have differing views about the chip market, but in my opinion, the greatest sin I see around here is set blocking, not flipping. Auctions are an important tool in free markets. Getting rid of auctions here will have detrimental consequences to the community. The best sets will begin to migrate out as sellers would simply just turn to eBay with their grail sets.

Also, auctions are a great way to sell those random unique sets that some really have a well defined market. Like ASM Ewing mold hot stamps, or all the cool random sets that navels, kmccormick100, and megaton come across from outside the community.

If we're taking about a rack of Jacks $100s though, then sure, I agree. Just list the damn chips at a set price. But if you are selling your ACF Paulsons, for the love of God, auction them off please!
Click to expand...

Travis,

Sometimes you are one of the most arrogant and obnoxious posters (on any board) that I have ever seen. I am the "random chipper" that has the Lakeshores, but you already know that. Thanks for the "random chipper" compliment. Chances are, I've been in this game longer than you. Do I have the financial means to compete with you? Absolutely not. You know that. Probably the reason you want auctions for those more rare chips. You know you can prevent the little guys, or "random chippers," from acquiring them. The seller was nice enough to allow a "random chipper" to acquire those chips without shoving it in where it might hurt.

As far as "set blocking," I am in total agreement with you. How many racks of $5s do you have???????? You know that my game is an extremely low roller game and that I could easily complete my set with just two racks of the many $5s you have. So, yes, you have committed the "greatest sin" on here. Get off your high horse you so frequently saddle up on and sell me two racks of your $5s so You aren't set blocking ME! See how that works??? I'll be waiting for you to PM me about selling me a couple racks of $5s so you are no longer set blocking me.

As for the OP, I am in agreement with him (for the most part). When you see a page full of auctions for sample sets that are out there by the who knows how many, yes, that format becomes a problem.

I'm in agreement with @BGinGA, it mainly seems like a way to squeeze every last penny out of somebody that you can.
 
ReallyGoodUsername said:
The point being that one person overpaying for non-grail chip sale would be treated as an outlier when valuing the same chips going forward. Sure someone could price dice chips for $5/chip based on a sale they saw for that price but it doesn’t mean they’d sell them at that price.
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Actual casino weight?
 
DMack said:
Travis,

Sometimes you are one of the most arrogant and obnoxious posters (on any board) that I have ever seen. I am the "random chipper" that has the Lakeshores, but you already know that. Thanks for the "random chipper" compliment. Chances are, I've been in this game longer than you. Do I have the financial means to compete with you? Absolutely not. You know that. Probably the reason you want auctions for those more rare chips. You know you can prevent the little guys, or "random chippers," from acquiring them. The seller was nice enough to allow a "random chipper" to acquire those chips without shoving it in where it might hurt.

As far as "set blocking," I am in total agreement with you. How many racks of $5s do you have???????? You know that my game is an extremely low roller game and that I could easily complete my set with just two racks of the many $5s you have. So, yes, you have committed the "greatest sin" on here. Get off your high horse you so frequently saddle up on and sell me two racks of your $5s so You aren't set blocking ME! See how that works??? I'll be waiting for you to PM me about selling me a couple racks of $5s so you are no longer set blocking me.

As for the OP, I am in agreement with him (for the most part). When you see a page full of auctions for sample sets that are out there by the who knows how many, yes, that format becomes a problem.

I'm in agreement with @BGinGA, it mainly seems like a way to squeeze every last penny out of somebody that you can.
Click to expand...

Yikes
 
BGinGA said:
Sorry, but that's simply not true -- not everybody sells with the intent to maximize profits (and screw your neighbor).

One of the wonderful aspects of the chip community behavior of old was that desireable chips could -- and did -- move around within to various places while rarely or barely increasing in price at all. People would resell at their actual cost once no longer using them, releasing them back into the wild to be enjoyed by others (as had been done with them). Paying it forward, in a sense.

Only by the addition of a few profit-driven people (some call them flippers) did this start to change to a 'me-first' environment, although many private deals are still conducted among those chippers who still respect the old ideals.
Click to expand...

Ok, maybe that was a bit of a strong statement. I get the "community" thing, but people don't buy these types of chips just to lose money. And I don't see how you're "screwing your neighbor" when your neighbor has agreed on a price. It's not like you're holding a gun to his head. There have been countless times you yourself have advised people to stay away from cheaper chips and splurge on the more expensive ones because they will most-likely increase in value.

With my medical bills, I can't afford premium chips and I probably never will, but I certainly won't begrudge people for paying what they want to pay for chips they desire.

It's their money.

As to the "flippers," if they've overpaid for something, they'll eventually feel it. They always do. This always happens in collectible markets. Again, look at the sports trading card market. After a couple decades of being white-hot, it's pretty much fallen through the basement floor.
 
Labrat said:
This always happens in collectible markets. Again, look at the sports trading card market. After a couple decades of being white-hot, it's pretty much fallen through the basement floor.
Click to expand...

Had a conversation just last week with a friend about the sports card values disintegrating. I sometimes wonder if the same could ever happen with the chipping hobby.
 
DMack said:
Had a conversation just last week with a friend about the sports card values disintegrating. I sometimes wonder if the same could ever happen with the chipping hobby.
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Couple things that I think make chips different than sports cards:

- Chips can actually be used, and degrade over time from said use
- Sports cards don't have a use so the floor on those is 0, whereas chips will always retain at least some value, even if not at collector level prices
- New or "new" chips are periodically introduced to the market and make up for those that are getting lower in quality and/or disappearing from the market for various reasons, where as the printing of historical sports cards is already fixed

Not sure what that all means in comparison, other than I think if the bottom ever dropped out of this hobby it'd be a higher bottom than cards.
 
DMack said:
Had a conversation just last week with a friend about the sports card values disintegrating. I sometimes wonder if the same could ever happen with the chipping hobby.
Click to expand...
doubtful... not without slabbed or graded chips. there are a few out there, but not many.
i would say the solid majority [90%+] of the collectible chip community has warded the grading companies off and have done a good job of keeping the masses from doing so by shunning sales of chips that have been graded. kudos to them for doing so!

prices on cards are slowly creeping back up and into the market.
will continue to do so for the next 5-20 years as those who collected in the heyday start back up with their own kids and regain that "collection" and nostalgia.
 
Labrat said:
Ok, maybe that was a bit of a strong statement. I get the "community" thing, but people don't buy these types of chips just to lose money. And I don't see how you're "screwing your neighbor" when your neighbor has agreed on a price. It's not like you're holding a gun to his head. There have been countless times you yourself have advised people to stay away from cheaper chips and splurge on the more expensive ones because they will most-likely increase in value.

With my medical bills, I can't afford premium chips and I probably never will, but I certainly won't begrudge people for paying what they want to pay for chips they desire.

It's their money.

As to the "flippers," if they've overpaid for something, they'll eventually feel it. They always do. This always happens in collectible markets. Again, look at the sports trading card market. After a couple decades of being white-hot, it's pretty much fallen through the basement floor.
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I actually thought that the neighbor that was getting screwed in @BGinGA's piece was you - the one that can't get nice chips because they were auctioned out of your price range.
 
20190520_125433.jpg
 
Poker Zombie said:
How many would have sold their boat chips though, if the prices didn't skyrocket?
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Difficult to say. Life happens and priorities change. The prices seen may have influenced some people...others may have sold regardless simply because they needed funds for other purposes.
 
DMack said:
Had a conversation just last week with a friend about the sports card values disintegrating. I sometimes wonder if the same could ever happen with the chipping hobby.
Click to expand...

Completely different. I collect cards and my dad has been collecting cards his entire life including sets from the 50s from when he was a kid that have plummeted in value. The factors for these plummets are unlikely to ever hit the chip market unless Jim gets his hands on millions of Paulson Vegas chips because of law changes or a new material for casino chips is introduced that wipes out the desire for clay chips. Neither of those things are happening.

Card values also plummeted with the invention of the internet/auction sites in which things you wanted became exponentially easier to find. I'm sure these "killed" the value of chips that were being collected/traded in the pre-internet days. Who needs to go to countless trade shows to find that rare chip/card you need when eBay has a bunch of them pop up every year.
 
Zmasterben said:
Completely different. I collect cards and my dad has been collecting cards his entire life including sets from the 50s from when he was a kid that have plummeted in value. The factors for these plummets are unlikely to ever hit the chip market unless Jim gets his hands on millions of Paulson Vegas chips because of law changes or a new material for casino chips is introduced that wipes out the desire for clay chips. Neither of those things are happening.

Card values also plummeted with the invention of the internet/auction sites in which things you wanted became exponentially easier to find. I'm sure these "killed" the value of chips that were being collected/traded in the pre-internet days. Who needs to go to countless trade shows to find that rare chip/card you need when ebay has a bunch of them pop up every year.
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I’ve only been on here for 3 months, but my impression is there are plenty of chips out there relative to the size of the market. But then again, it’s only available at $5+/chip prices which probably means not enough supply still.

Casino chips with some sort of history will probably always be the real collector’s market. Or chips from manufacturers that aren’t around anymore. Me personally, I buy to play with so I prefer as mint as possible with beautiful designs, designed by chippers.
 
One Eyed Dollar said:
:confused
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Lol funny but I hope you don't really need an explanation of the difference, and the point of the thread.

did you read the whole thread to notice I didn't auction off the whole amount for max value?

and can you even find a thread with those chips for sale by the barrel? If so I apologize, but I couldn't. And would welcome you to attach the link. Thanks

I have done it but i didn't like it still don't.

I agree there may be a time and place for an auction but that's not the point. Overall, I find them -ev
 
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