Price of Paulsons Skyrocketing! (2 Viewers)

[softchewy]

Also, online stores are still dictating the price for home paulsons, and online stores are in it for the profit, and not because they need the extra cash.

Casino chips are usually sold by individuals who need shortterm cash to pay unexpected bills, and that brings the price down. Retailers may offer the chips for $3 each, but they're not selling many of them. They're ok with that because in the long run they make a bigger profit on the chips.

And then there's the moron who thinks his BCC Proteges are worth over $2/chip. I do hope he gets hit up for eBay fees even though he doesn't sell them.

Yeah, they could probably sell for $1.30/chip maybe a little more, maybe a little less... though I won't fault him for trying.
Who knows, maybe someone is willing to pay just to get them all at once, or they just have money to burn.
Odds are, there just won't be any bids, and the price will have to drop.. no real harm done.
The auction has watchers.. so they are prob just waiting for the price drop..

Enough about that.. how many of those PNYs are you going to sell me

A 500 chip set of new PNYs ($5s, $25s (pri), $100s (sec)) that I bought were listed on eBay at one point for $1500 with a buy it now I think close to $2k.
As expected, no one would pay close to that and the price reduced and reduced again, then I contacted him and reduced it more.
Those were worth about $2/chip average to me, not $3 +

 

[jbutler]

And then there's the moron who thinks his BCC Proteges are worth over $2/chip. I do hope he gets hit up for eBay fees even though he doesn't sell them.

$2 per might be a little high, but it's not outrageous by any means imo. proteges are considered to have one of the classiest designs of any home chip and since BCC will never be producing chips again, i wouldn't be shocked to see the market dictate $2 per at some point in the future.

personally, if i still had my old set of proteges, $2 per would be about the price i would need to be offered before i'd consider selling.

 

[loul13]

We have to add to the list of récent paulson casino chips , the stardust poker mansion which are just awesome and was not to expensive when Dany sold them 1,2 or 1,3$ / chips except the 5k.

On my side i dońt really understand the market fluctuation. And from my view in french chippers forum it looks quite stable.

I have more the feeling That the prices is inflating sales After sales ... I want this set , so I'm ready to pay an extra ... But i dońt want to loose money when i sell the set and so the price is going up Step by step...

 

[Mental Nomad]

I think with only one producer in the market for home, there's the perception of increased scarcity... whether or not the demand is actually there.

Of course, if people don't keep selling/circulating the sets that exist, and new people keep getting into the market over time, the demand really will be there.

So, while we may see a temporary false 'bump up' in the price because of perceived scarcity, this may never right itself... and the real demand may catch up with the current pricing.

(Or, maybe I'm wrong, and there really is that much demand right now.)

 

[spikeithard]

hopefully in the next year Jim picks up a bunch of nice mint to near mint casino Paulsons. Another 'terrible' like experience perhaps!?

 

[ChipEnvy]

The current reality is you could sell the WTHC $25s for twice what fish72s can sell his Aruba $25s for.. maybe sad, but true.
Maybe people just like the suits mold.. I know I do

Did someone say 'sell the WTHC $25's'? I just need a rack!

 

[softchewy]

Did someone say 'sell the WTHC $25's'? I just need a rack!

Sorry. don't have any $25s.. just a few $500s, $1ks and $5ks

 

[behrguitar]

Maybe we need a few casinos with really cool looking chips to go belly up. Then their chips will flood the market and with an increased supply of Paulson's, we can all get a few thousand each at a good price.

Ceases... having to sell their casino in Ohio... about a year after your original post

 

[slisk250]

Ceases... having to sell their casino in Ohio... about a year after your original post

Ceases ?

 

[behrguitar]

Ceases ?

Ceases went bankrupt and had to restructure. I think the Horseshoe in cleveland was one of their properties.

 

[BGinGA]

Ceases went bankrupt and had to restructure. I think the Horseshoe in cleveland was one of their properties.

This post is all kinds of wrong.

 

[behrguitar]

This post is all kinds of wrong.

how so?
http://www.ibtimes.com/caesars-ente...imeout-creditors-clash-private-equity-2378784

 

[krafticus]

how so?
http://www.ibtimes.com/caesars-ente...imeout-creditors-clash-private-equity-2378784

Because you got autocorrected from caesers to ceases each time....

 

[slisk250]

So what casinos in Ohio would be impacted? There is no Caesar's in Ohio according to chipguide.

 

[Thomacetti]

Well, to go back op topic...

For me current prices are out of reach for several reasons
- shipping cost to EU have gone up 100% (and everything gets slapped with VAT)
- family situation changed...had no kids when started @CT..now I have 3 and a new house (priorities)
- since I own a few nice sets, I'm not so tempted to drop 1 or 2K on a new set
- PCF brought a lot of new members/buyers to the market
- I don't sell the sets I own, even when they see no use (NPS was my only exception...feel lucky for that @MegaTon44

What is mind blowing to me is the amount of available cash on this forum...I could post my 3 sets FS now and have +6K in my PayPal within 12h (or faster)
Seen that the boatload of Horsehoe didn't last long...I don't think prices will drop anytime soon

 

[btbmason]

So what casinos in Ohio would be impacted? There is no Caesar's in Ohio according to chipguide.

The article was from June, and Caesar's owned Horseshoe Cleveland (now JACK Cleveland, and chips were readily available thanks to Jim being awesome) and Horseshoe Cincinnati (now JACK Cincinnati)

It looks like behrguitar was bumping the thread in reference to you saying that a casino needed to go belly up so chips would be available. It's not quite what happened as the casino is still operating, just under a different name which made some Paulsons available at a pretty darn good price.

 

[behrguitar]

The article was from June, and Caesar's owned Horseshoe Cleveland (now JACK Cleveland, and chips were readily available thanks to Jim being awesome) and Horseshoe Cincinnati (now JACK Cincinnati)

It looks like behrguitar was bumping the thread in reference to you saying that a casino needed to go belly up so chips would be available. It's not quite what happened as the casino is still operating, just under a different name which made some Paulsons available at a pretty darn good price.

Correct, I think a different ownership group now operates the casino, but prior to it was a Caesars owned casino. Jim put together and awesome deal and let helped me buy my first full set of casino chips... which was very exciting, because the price has been going way up for paulsons. I was just reading through the threads and found the comment interesting from a year prior to it happening.

 

[behrguitar]

Because you got autocorrected from caesers to ceases each time....

lol... oops

 

[Jambine]

As with anything collectable, the price is always what people are willing to pay. it's like paramutual wagering at at the track. odds don't always indicate the best value bet. odds are set by people's perception of value....

 

[72o]

Well, to go back op topic...

For me current prices are out of reach for several reasons
- shipping cost to EU have gone up 100% (and everything gets slapped with VAT)
- family situation changed...had no kids when started @CT..now I have 3 and a new house (priorities)
- since I own a few nice sets, I'm not so tempted to drop 1 or 2K on a new set
- PCF brought a lot of new members/buyers to the market
- I don't sell the sets I own, even when they see no use (NPS was my only exception...feel lucky for that @MegaTon44

What is mind blowing to me is the amount of available cash on this forum...I could post my 3 sets FS now and have +6K in my PayPal within 12h (or faster)
Seen that the boatload of Horsehoe didn't last long...I don't think prices will drop anytime soon

^^^^ Yes! I agree man.
I couldn't compete with the cash being thrown around and therefor can't/couldn't get the sets I currently wanted. So I made the decision to sell my sets and go custom. Get the chips you want in the denoms that you want a lot of times for cheaper than what mint Paulsons are going for. Now...there's nothing you can do about the coolness factor of owning chips from a certain casino obviously but as soon as you can get past that fact, you're home free. Plus once you have a design (inlay and chips) pinned down all you have to do is place an order and get your chips...for a fixed price to boot. It's like a store stocking your favorite chips and all you have to do is place an order to get them. It's a thing of beauty really.

 

[BGinGA]

Correct, I think a different ownership group now operates the casino, but prior to it was a Caesars owned casino.

It was not Caesar's that owned the two Horseshoe casinos in Ohio. It was a joint venture put together for the sole purpose of operating in Ohio.

 

[behrguitar]

It was not Caesar's that owned the two Horseshoe casinos in Ohio. It was a joint venture put together for the sole purpose of operating in Ohio.

At the very lease Ceasar's was the group operating the casino, I'm "guessing" the bankruptcy had something to do with it. but if you can give me a little more background information, I'd love to know the story.

here is what I've found
http://www.cleveland.com/casino/ind...veland_casino_from_caesars_entertainment.html

 

[behrguitar]

It was not Caesar's that owned the two Horseshoe casinos in Ohio. It was a joint venture put together for the sole purpose of operating in Ohio.

but yes, you are correct...

At that time, Rock Gaming entered into an agreement with Caesars Entertainment Corporation and certain of its subsidiaries to redeem a 20 percent minority interest held by one of its subsidiaries.

Caesars' subsidiaries had continued to manage the Horseshoe Cleveland and Cincinnati casinos and the ThistleDown racino.

but i wonder if Ceasars would have exited the deal if they weren't dealing with financial troubles of their own.

 

[Dr. Neau]

Regarding my Paulson JB's...

Me: "You remember those really nice chips I bought about 10 years ago that I got an advertisement deal on and ended up paying about $0.70 a chip?"
Her: "Yeah..."
Me: "People are asking upwards of $3-$4 a chip now!"
Her: "Wow. Maybe you should sell them!"
Me: "...."

 

[Thomacetti]

Regarding my Paulson JB's...

Me: "You remember those really nice chips I bought about 10 years ago that I got an advertisement deal on and ended up paying about $0.70 a chip?"
Her: "Yeah..."
Me: "People are asking upwards of $3-$4 a chip now!"
Her: "Wow. Maybe you should sell them!"
Me: "...."

JB's are not upwards $3-$4..only TRK and paulson casino are on that price level...and not even all of those fetch a premium.

 

[Dr. Neau]

JB's are not upwards $3-$4..only TRK and paulson casino are on that price level...and not even all of those fetch a premium.

You're correct. More like upwards of $2-$3. At least according to completed eBay listings.

 

[luckbox]

Well, to go back op topic...

For me current prices are out of reach for several reasons
- shipping cost to EU have gone up 100% (and everything gets slapped with VAT)
- family situation changed...had no kids when started @CT..now I have 3 and a new house (priorities)
- since I own a few nice sets, I'm not so tempted to drop 1 or 2K on a new set
- PCF brought a lot of new members/buyers to the market
- I don't sell the sets I own, even when they see no use (NPS was my only exception...feel lucky for that @MegaTon44

What is mind blowing to me is the amount of available cash on this forum...I could post my 3 sets FS now and have +6K in my PayPal within 12h (or faster)
Seen that the boatload of Horsehoe didn't last long...I don't think prices will drop anytime soon

^^^ this is a positive force that controls markets, simple supply and demand. ..it shows the habit of buying and selling chips is increasing as opposed to dying off...

prices may be increasing for certain chips but the opposite would be detrimental to the "sport" of buying and selling chips

all markets fluctuate, it the degree of variation that you watch for

 

[luckbox]

So I made the decision to sell my sets and go custom. Get the chips you want in the denoms that you want a lot of times for cheaper than what mint Paulsons are going for. Now...there's nothing you can do about the coolness factor of owning chips from a certain casino obviously but as soon as you can get past that fact, you're home free.

that is a very good perfect post if you are wanting/needing chips for the sole purpose of homes games (safer security also) , the resale value most probably will not be there but you didnt buy them for future value, you needed some tools to win pots !!


custom sets in the long run will cost you less as you wont be tempted to purchase the next casino chip offering so you might sell one of your other casino sets to fund the new one or you just say hell with it and just keep buying.......there is nothing wrong with that either.

hi my name is luckbox...i started for the sole reason of getting home game chips but the addiction of casino sets and chips set in soon....im a chipaholic

 

[Thomacetti]

that is a very good perfect post if you are wanting/needing chips for the sole purpose of homes games (safer security also) , the resale value most probably will not be there but you didnt buy them for future value, you needed some tools to win pots !!


custom sets in the long run will cost you less as you wont be tempted to purchase the next casino chip offering so you might sell one of your other casino sets to fund the new one or you just say hell with it and just keep buying.......there is nothing wrong with that either.

hi my name is luckbox...i started for the sole reason of getting home game chips but the addiction of casino sets and chips set in soon....im a chipaholic

Hey there
When I was @meatboy last weekend, we admired you sample and custom HS... awsome chips !

 

[72o]

that is a very good perfect post if you are wanting/needing chips for the sole purpose of homes games (safer security also) , the resale value most probably will not be there but you didnt buy them for future value, you needed some tools to win pots !!


custom sets in the long run will cost you less as you wont be tempted to purchase the next casino chip offering so you might sell one of your other casino sets to fund the new one or you just say hell with it and just keep buying.......there is nothing wrong with that either.

hi my name is luckbox...i started for the sole reason of getting home game chips but the addiction of casino sets and chips set in soon....im a chipaholic

Good point...that is very true. There really isn't a good return on investment (if any) with customs. And if you can find the Paulson set you want and can afford it, you are most likely going to be able to "rent" it until you sell the set in the future.