Question about live chips (1 Viewer)

[Bibliotender]

Cruising through the classifieds and looks like (to my newbie eyes) that a lot of people are selling 1$ live chips for 1.25 a chip or similar.

Are people actually making a profit from going to the casino, buying chips, and selling them here?

Seems.....inefficient.

 

[Eriks]

Cruising through the classifieds and looks like (to my newbie eyes) that a lot of people are selling 1$ live chips for 1.25 a chip or similar.

Are people actually making a profit from going to the casino, buying chips, and selling them here?

Seems.....inefficient.

Not everyone lives close to a casino that has nice chips. Not every casino lets you buy whatever you need to bring home straight from the cage. Condition of the chips will vary but some of the harvesters may be nice enough to sort and cherry pick to get racks with chips in similar condition.

 

[upNdown]

People have their side hustles.

 

[Bibliotender]

People have their side hustles.

No issues with side hustles. Just a market that I didn't know existed. I'll have to peruse the Wanted sections to see if there is anything worthwhile nearby.

Thanks for the insight @Eriks and @upNdown

 

[joker80]

Yep , some live 1s have gone as high as 3$ a chip depending on availability, condition, mold, ease of acquiring

 

[BearMetal]

There's also quite a bit of sorting that goes into producing a rack good enough to liberate from the clutches of these evil casinos (with all their rack-checking, chip-hating employees). In some cases, you have to sit and play in order to get certain denominations... So, having a live chip go for a little more per chip covers the cost of chip freedom.

 

[dennis63]

I'm sure people have their reasons to charge a bit over cost for live chips.

They took the time to go to the casino and get them, then pack and ship them to you. And PayPal is going to take anywhere from 4 to 6 percent off the top of the entire transaction -- chips and shipping cost.

 

[Frogzilla]

Last rack of live chips I sold was at 800x face value is that too steep

 

[LeLe]

Cruising through the classifieds and looks like (to my newbie eyes) that a lot of people are selling 1$ live chips for 1.25 a chip or similar.

Are people actually making a profit from going to the casino, buying chips, and selling them here?

Well it's a fair price, Petrol isn't cheap in Vegas plus all the extra effort to sort out the mint chips from the lot is going to take time as well.

Only expectational is like Paris $1/$5 last year where getting them mint and in large quantities is easy and yet people are "flipping" them 100 at 170, 500 at 600

 

[Colquhoun]

Or, you could pay $40 for a rare live Bellagio $1 hotstamp after they pulled them off the floor…
Only to have them release all of them out again weeks later.
$39 mistake, that was.

 

[upNdown]

Or, you could pay $40 for a rare live Bellagio $1 hotstamp after they pulled them off the floor…
Only to have them release all of them out again weeks later.
$39 mistake, that was.

Hoard alert!

 

[ChipFinderSK]

Last rack of live chips I sold was at 800x face value is that too steep

Ok if we’re talking about fracs

 

[allforcharity]

Ok if we’re talking about fracs

You would pay $20k for a rack of quarters?

 

[ChipFinderSK]

You would pay $20k for a rack of quarters?

I read that as 8x for some reason