Road Trip! (1 Viewer)

Status
Not open for further replies.
Since I have no use for either chips with no location on them, or a location in a god (and poker) -forsaken state like Ohio, I and my wallet greatly enjoy sitting back and watching all the contortions you guys go through prior to Jim's more recent sales...
:LOL: :laugh:
 
Ok ok, you got me!

Lol it's all good. No anger or anything from my end. At PCF there already is a sense of fair play and honest dealings amongst most of the members. The tone of your posts, and the fact that you're new, seemed to go against that.
 
Lol it's all good. No anger or anything from my end. At PCF there already is a sense of fair play and honest dealings amongst most of the members. The tone of your posts, and the fact that you're new, seemed to go against that.

How bout a “I have the hottest wife” contest?



Jim said to send all entries to my inbox.

Mine wins! We live in Florida and she is gardening as we type. Sweaty like hell!! HOTTEST!!!
 
Guys, Jim is not an idiot.

It makes sense to set his limits the way he does based off of how many of each denomination he receives. People need to buy heavier amounts of the common chips in order to purchase the rare chips. If he were to structure his sales based on fairness to the PCF community, while half of the community will be looking for "investment" opportunities, he would probably lose most of the excitement and hysteria that his sales bring.

If you like the chips and want some of them, then be ready to buy when the sale starts, or pre arrange your proxies in advance like everyone else.
 
And contradicted yourself. "Hey guys, let's make it fair but only if it's more fair for me"

Thumbs down.

I kind of get your point. But selfish and unfair are very different things. Life isn't fair. Money in general isn't fair. But calling an auction "unfair" doesn't really fly. The market price, as dictated by a free and transparent auction, is precisely the market value and would be the theoretical maximum Jim could get for his chips, as each buyer pays their maximum willingness to pay on each successive lot. Also eliminates the immediate flippers. You also couldn't say that an auction would be anything other than fair to Jim himself, who I'm sure wouldn't mind getting top dollar for every last one of his chips. In a transparent and efficient market, sale price and auction price would be very close anyways, so it shouldn't matter whether it's an auction or an outright sale. He should price them such that they all get sold, but that there are few or no buyers left (after stock runs out) at those prices.

Whether he will or not is up to him. But I'm certainly not expecting him to list them for a bargain.
 
I kind of get your point. But selfish and unfair are very different things. Life isn't fair. Money in general isn't fair. But calling an auction "unfair" doesn't really fly. The market price, as dictated by a free and transparent auction, is precisely the market value and would be the theoretical maximum Jim could get for his chips, as each buyer pays their maximum willingness to pay on each successive lot. Also eliminates the immediate flippers. You also couldn't say that an auction would be anything other than fair to Jim himself, who I'm sure wouldn't mind getting top dollar for every last one of his chips. In a transparent and efficient market, sale price and auction price would be very close anyways, so it shouldn't matter whether it's an auction or an outright sale. He should price them such that they all get sold, but that there are few or no buyers left (after stock runs out) at those prices.

Whether he will or not is up to him. But I'm certainly not expecting him to list them for a bargain.

Depends on your business model. Jim has relatively few chips still for sale. The other horseshoe casino sale still has quite a few chips for sale.

Where does he want to be? What does his past sales say? I'm pretty sure I can see the picture.
 
I kind of get your point. But selfish and unfair are very different things. Life isn't fair. Money in general isn't fair. But calling an auction "unfair" doesn't really fly. The market price, as dictated by a free and transparent auction, is precisely the market value and would be the theoretical maximum Jim could get for his chips, as each buyer pays their maximum willingness to pay on each successive lot. Also eliminates the immediate flippers. You also couldn't say that an auction would be anything other than fair to Jim himself, who I'm sure wouldn't mind getting top dollar for every last one of his chips. In a transparent and efficient market, sale price and auction price would be very close anyways, so it shouldn't matter whether it's an auction or an outright sale. He should price them such that they all get sold, but that there are few or no buyers left (after stock runs out) at those prices.

Whether he will or not is up to him. But I'm certainly not expecting him to list them for a bargain.

Very well said!
 
I kind of get your point. But selfish and unfair are very different things. Life isn't fair. Money in general isn't fair. But calling an auction "unfair" doesn't really fly. The market price, as dictated by a free and transparent auction, is precisely the market value and would be the theoretical maximum Jim could get for his chips, as each buyer pays their maximum willingness to pay on each successive lot. Also eliminates the immediate flippers. You also couldn't say that an auction would be anything other than fair to Jim himself, who I'm sure wouldn't mind getting top dollar for every last one of his chips. In a transparent and efficient market, sale price and auction price would be very close anyways, so it shouldn't matter whether it's an auction or an outright sale. He should price them such that they all get sold, but that there are few or no buyers left (after stock runs out) at those prices.

Whether he will or not is up to him. But I'm certainly not expecting him to list them for a bargain.
I don’t think anybody is concerned about fairness to Jim in getting max value for his chips. Jim finds and provides great chips to the community, the community provides a lot of eager buyers and a great fee-less outlet for said chips. It’s a beautiful symbiotic relationship.
 
I kind of get your point. But selfish and unfair are very different things. Life isn't fair. Money in general isn't fair. But calling an auction "unfair" doesn't really fly. The market price, as dictated by a free and transparent auction, is precisely the market value and would be the theoretical maximum Jim could get for his chips, as each buyer pays their maximum willingness to pay on each successive lot. Also eliminates the immediate flippers. You also couldn't say that an auction would be anything other than fair to Jim himself, who I'm sure wouldn't mind getting top dollar for every last one of his chips. In a transparent and efficient market, sale price and auction price would be very close anyways, so it shouldn't matter whether it's an auction or an outright sale. He should price them such that they all get sold, but that there are few or no buyers left (after stock runs out) at those prices.

Whether he will or not is up to him. But I'm certainly not expecting him to list them for a bargain.

Sounds like you missed the point of my post.

I'm not saying that an auction in itself necessarily "unfair", but when someone claims they want "fairness" and pushes for an option that favors those with deep pockets, and as admitted includes themselves, it's a huge contradiction. Claiming you want fairness and pushIng an agenda that favors yourself is far from fair. So, if someone in that instance wants "fair play" as claimed, pushing the auction agenda is not fair.
 
Sounds like you missed the point of my post.

I'm not saying that an auction in itself necessarily "unfair", but when someone claims they want "fairness" and pushes for an option that favors those with deep pockets, and as admitted includes themselves, it's a huge contradiction. Claiming you want fairness and pushIng an agenda that favors yourself is far from fair. So, if someone wants "fair play" as claimed, pushing the auction agenda is not fair,
Oh dear god, he never asked for fairness. Re-read his post. Stop twisting his words. Just tell him you think he's a dick for trying to buy all the chips. It's okay, I'm sure he knows.
 
Sounds like you missed the point of my post.

I'm not saying that an auction in itself necessarily "unfair", but when someone claims they want "fairness" and pushes for an option that favors those with deep pockets, and as admitted includes themselves, it's a huge contradiction. Claiming you want fairness and pushIng an agenda that favors yourself is far from fair. So, if someone wants "fair play" as claimed, pushing the auction agenda is not fair,

You're confusing two things again. Just because something is in an individuals best interest doesn't mean it's inherently unfair... even if they are pushing for it because it's in their best interest. As I pointed out, an auction isn't "unfair", whether the person rooting for it has an incentive to root for it or not.
 
Oh dear god, he never asked for fairness. Re-read his post. Stop twisting his words. Just tell him you think he's a dick for trying to buy all the chips. It's okay, I'm sure he knows.

Except he said that it wasn't fair in post #254 and then suggested an auction as fair.
 
All I want are two racks of the quarters and enough other chips to host my games. Not all the chips, not the mint chips, just enough to host - say 1,000 chips.

I guess, worst comes to worse I could get a @Gear label on a Paulson solid but that almost seems like cheating.

DrStrange

PS or I could save my money for completing my huge El Rancho relabel project that has been waiting for funding.
 
All I want are two racks of the quarters and enough other chips to host my games. Not all the chips, not the mint chips, just enough to host - say 1,000 chips.

I guess, worst comes to worse I could get a @Gear label on a Paulson solid but that almost seems like cheating.

DrStrange

PS or I could save my money for completing my huge El Rancho relabel project that has been waiting for funding.

I only want 400 chips..... maybe 500.
 
Although this may be secondary to what you guys are thinking about as fair as pricing. It is possible that Jim's pricing methods for the cleveland's are what caused them STILL be in high demand. When you allow a bunch of people (demand) to get sets, you end up with a large reservoir of buyers (up demand) for any portions of sets.

If you restrict the number of initial buyers, by cost, you decrease your buyer base for any future high cost sales. SEE recent Cinn sales. (at very good prices)

You price too high, and most of the market will mark the chips off as "Things I don't need".

First one is free. if you own Cleveland, you want more....
 
I have done a couple of Jim's sales and I would have to say armed with a internet connection and a PayPal account I had just as equal of opportunity as everyone else out there to purchase chips. If it ain't broke don't fix it. Just thankful that Jim provides those opportunities.
 
@TheChipRoom Hey Jim, if possible, give some thought to sample sets also, thanks (still hoping you have a midnight sale someday !!!!!)
 
Status
Not open for further replies.
Back
Top Bottom