I'm thinking that if I have enough money to spend 40-50 cents a chip, I'm most likely not playing in live micro stakes games. Personally there is no way, I'm going to drop $100 plus on a cash set of chips only to play that 5 cent stakes. It just seems strange to me.
Interesting (and slightly warped, to me) way to look at it. I have 5c chips, simply because they might be needed. I don't have 1c chips, because I don't think they'd ever see felt time. Similarly, I don't have $1000 (or very many $500s, for that matter) in any of my cash sets, because I don't see the need in any game where those chip set(s) might be used. Others here have different circumstances (both directions), and so they plan accordingly. Some of those folks are spending 30c per chip (usually regardless of denomination), because they like the chips, and that's what they cost. Others are spending up to $5 or more per chip, for the exact same reasons - they like the chips, and that's what they cost. The stakes one plays for is irrelevant to how much one spends on chips, in my view (and many others here).
Another aspect is tournament chips. Unlike your nickel chip example, the tourney chips have ZERO cash value. How does that fit into your valuation/evaluation? Should they be as inexpensive as possible, since they have no value?
A few of my tourney sets cost about 25c per chip (or less), most others average about $2 per chip, a few are $5 or higher per chip. A couple of sets are a LOT higher. Some individual chips (that actually see play) cost anywhere from $15 to $30 each (and some are almost three times that much). Why did I buy them? See above....
"because they like the chips, and that's what they cost." And it makes no difference how much the tournament buy-in is, whether it's a $10 tournament or a $200 tournament -- all of those chips see play. Chips are just chips. Stakes are something else, and totally unrelated.
Bottom line is, I like to play with top-notch equipment, regardless of the cash stakes or the tourney buy-in -- which means using clay chips, plastic cards, and nice tables. It makes the game more enjoyable to me, and for the most part, to my guests.
hoping that I don't get the bug that you guys have....
Actually, it will cost you far less money once you do.
Instead of buying inexpensive and mid-range chips that will lose their value upon resale, you will eventually realize that purchasing high-end casino chips is a win-win proposition.... because you are really only
leasing the chips. Once past the initial outlay, you get to play with some of the nicest chips on the planet, and you usually get to do it for free -- or at almost zero net cost -- because you can resell the chips for full value (or more), when you eventually decide to get some
other really nice set to use for awhile.
Only caveat is avoiding the bug for personalized customs.... because those sets typically will not retain value, with rare exception.