UPDATE!
I can no longer edit my first post; however, I have new Vineyard info that fills in the missing pieces of the puzzle. This comes directly from my conversation last night with the guy who originally acquired the chips from the casino. He actually found this post and reached out to me to clean up some details.
Our chipping hero, whom we will call Greg, lived just north of the casino in Fresno, CA. He'd driven past it dozens of times on the way to his local poker game, and never really gave the card room or its closing much thought. At the time, Greg worked for a local security company. One day in 2004, his general manager reached out to him about going to see a safe and some stuff at a closed casino. The GM knew that Greg was a poker guy, and through he might be helpful. Greg obliged, and soon was standing in the closed casino reviewing piles of tables, and a literal treasure trove of chips! Greg was knowledgeable enough to recognize that the massive amount of chips were all high quality Paulsons. Trying to stay somewhat composed, his recollection of what came next went something like this:
- Hero: Are you interested in selling the chips?
- Pastor: Yes, I need to get rid of all this stuff. How many trays would you like?
- Hero: I'm interested in all of them, all the chips.
- Pastor: Really?
- Hero: Yes, what would you need for everything?
- Pastor: I need a bus.
- Hero: (waiting, mentally picturing a brand new luxury liner full of new church-goers, and trying to do some math in his head)
- Pastor: ... about $5k.
- Hero: (trying not to lose his shit) $5k? Yeah, I think I can pull that together.
- Pastor: Sounds good to me, I'll just keep one tray of chips to remember this.. I'm not entirely comfortable selling casino stuff, so while it might be worth more, I'm just glad to have it done.
Yes, 140,000 chips for $5,000. 3.5 pennies per chip. Wow, just wow.
Our hero rushed home and pulled together the funds, driving back in his half-ton Toyota pickup to close the deal. Money changed hands, and the first loading began. Our hero recognized that he was going to need to recruit some help when his truck bed starts to sag too much from the weight, and he's tired and no where close to being done. After recruiting several friends with trucks, they form a convoy to get the chips back home.
Now before we get too far along, let's talk about that rack the pastor wanted to keep. Of course, that was the only rack of $500 chips. Ugh. Smartly electing not to press the issue at time time, Greg was contacted about a year later about buying that rack, plus the contents of a smaller unopened safe. This time the pastor was a bit more shrewd, asking another $5k for the one rack and the mystery safe. Greg obliged. The pic of the $500 rack was taken on a purple blanket that Greg still has. The safe had some chips too, so it was another good deal. Greg sold the $500s one at a time for many years.
Greg started selling the chips to his poker friends and associates. One guy up in LA started buying ~$3k batches of chips . We think that guy might have been running Ace Poker Chips, with an original distribution price of $1.70 per chip. Greg recalls selling several batches of $3k to the LA guy for around $1.50 per chip. Note that the pastor did sell some racks to others before unloading them all to Greg.
For
@HaRDHouSeiNC : While the previously posted numbers of NCV chips was close to 10k, Greg thinks there were a lot fewer of those. He remembers selling the NCVs off for cheap, as there was nothing Vineyard on them and they were in much worse condition. I'm still talking to Greg to try and get a set of the NCVs for my personal enjoyment. Time will tell.
I'm really excited to be able to share the details of this epic casino score with all my fellow chipping nuts. It's pretty amazing to be able to finally tell the full story 15+ years later.