Value of Paulsons (1 Viewer)

[allforcharity]

Hey thanks sir. Does this seem about right for Paulson Pharaohs:

$12/chip for 25 cent blue
$7/chip for $1 white
$6/chip for $5 red
$7/chip for $25 green
$8.50/chip for $100 black
$12/chip for $500 purple
$10/chip for $1000 yellow
$25/plaque for $5000 plaques
$110/plaque for $25000 plaques

These prices look, quite honestly, insane to me. Assuming excellent condition, they should probably average about $4 a chip. But again, it's all about supply and demand. If there's no supply and plenty of demand, then it's really a seller's market and they will go for what they go for.

 

[CrazyEddie]

Chip prices are hard to gauge because the market is so illiquid. We trade chips here all the time but even so every chip is different and so for any particular chip maybe a rack of them sold yesterday or maybe no one's seen one sell in the last year. That said, some are more common than others, and so get traded more frequently, and so are easier to guesstimate what a market price might be.

But even with that, there's market prices here and market prices elsewhere. Chips on eBay are usually badly overpriced, but after sitting there for months at a time eventually the seller finds a willing buyer and closes the deal. Chips sold here in the PCF classifieds are usually seriously underpriced and get sold in minutes, sometimes seconds, and I mean that literally.

But like @joeyshin said, you'll get an honest and fair appraisal just by asking (which is what you've done! great!) but please note that different folks here will have different ideas about what that market price might be, and they might still be wrong in either direction when it comes time for you to sell (or buy!).

Good luck, and welcome to the forum!

 

[CrazyEddie]

how come nobody told me @Ben8257 has so many chips

 

[Ben8257]

Chip prices are hard to gauge because the market is so illiquid. We trade chips here all the time but even so every chip is different and so for any particular chip maybe a rack of them sold yesterday or maybe no one's seen one sell in the last year. That said, some are more common than others, and so get traded more frequently, and so are easier to guesstimate what a market price might be.

But even with that, there's market prices here and market prices elsewhere. Chips on eBay are usually badly overpriced, but after sitting there for months at a time eventually the seller finds a willing buyer and closes the deal. Chips sold here in the PCF classifieds are usually seriously underpriced and get sold in minutes, sometimes seconds, and I mean that literally.

But like @joeyshin said, you'll get an honest and fair appraisal just by asking (which is what you've done! great!) but please note that different folks here will have different ideas about what that market price might be, and they might still be wrong in either direction when it comes time for you to sell (or buy!).

Good luck, and welcome to the forum!

Very true, values are different or everyone. Many here are no fans of the "Paulson Mold" even in the last few months see chips sit at the $3 price but yet on eBay non forum hoppers still obviously think very highly of them

So some here say Pharaohs should be in the $4 range... but if that's what you want, just because others say they should be $4 each doesn't mean you are getting them for that. There are lots out there... but flat out they are not makin anymore! More and more intrest in the hobby just means values will continue to climb. The whole supply and demand thing definitely rings true here.

 

[Stufflymcstuff]

smaller lots are always sold at a premium. A 400 chip set would not sell for nearly that price.

 

[CrazyEddie]

Also, just to stress that different chips have different values, even though they're all Paulson chips:

Back in November, The Chip Room was selling Majestic Star $5s for 29 cents per chip.

Four months earlier, in July, a rack of Chicken Coop $5s sold for 35 dollars per chip.

 

[Ben8257]

smaller lots are always sold at a premium. A 400 chip set would not sell for nearly that price.

Very true and actually was going to add that. Obviously someone trying to finish a rack or hit a desired amount is going to be willing to pay more. Many singles have sold for $10 each for that exact reason... of course that being said ... not much incentive to sell in large lots.

 

[Stufflymcstuff]

the incentive is not having to put in tedious work stretched out over several months if not years. They don’t sell often at those prices / in those quantities. And most people who own $5,000 chip sets aren’t looking to take on a job like that. It’s rare that they sell at those prices despite there being many listings at comparable prices, you can go months without getting a bite.

Flipping on eBay is about listing a ton of shit at jacked prices and eventually some guy with a ton of money and very little patience stumbles upon it after a night out drinking.

 

[joeyshin]

the incentive is not having to put in tedious work stretched out over several months if not years. They don’t sell often at those prices / in those quantities. And most people who own $5,000 chip sets aren’t looking to take on a job like that. It’s rare that they sell at those prices despite there being many listings at comparable prices, you can go months without getting a bite.

Flipping on eBay is about listing a ton of shit at jacked prices and eventually some guy with a ton of money and very little patience stumbles upon it after a night out drinking.

And often the eBay rake makes it about the same as selling here without the wait. You list them here and they’ll all be sold by Friday

 

[Ben8257]

the incentive is not having to put in tedious work stretched out over several months if not years. They don’t sell often at those prices / in those quantities. And most people who own $5,000 chip sets aren’t looking to take on a job like that. It’s rare that they sell at those prices despite there being many listings at comparable prices, you can go months without getting a bite.

Flipping on eBay is about listing a ton of shit at jacked prices and eventually some guy with a ton of money and very little patience stumbles upon it after a night out drinking.

Good ole Ben book warning! Lol

Pretty sure you just contradicted yourself... so incentive means more value but above you said smaller lots always sell for more, which is true. So again if chips are going to sell for say $3 - $4 in large lots but $6 in small lots and you are not in a rush to sell... yes packing and shipping time can be a pain, but is eBay not taking a set percentage of each sale? Why not sell in small lots? I have been following CDI sales for 3 years now, they don't sit. There are a few singles and small lots that are insanely over priced and yes they do sit, but 05 CDIs always sell, always get attention.

Yes most are definitely more interested in buying the perfect breakdown and moving on, but also take into account (just like on our forum) that many don't have the funds to purchase large sets at a time... many of us have to build them in chunks. How many beautiful breakdown sets with the seller saying "not splitting" wind up splitting and hacking the set all to hell to move it? Answer is like 90%

I have over $15k invested in my CDI set, could I afford that all at once? Absolutely not, but pieces at a time over 3 years it is a monster with an awesome breakdown. Could I sell it for that? Absolutely NOT! But again in pieces and not being in a rush, or breaking it down to nice playable sets, I think I could recoupe most of it.

But back to the OP 100% it is a great idea to ask what others think the value currently is on something, especially if they don't move on a regular basis or it has been a while. You always have the choice to agree to pay more than that, but nothing wrong with knowing the values before you walk into the dealership!

And agreed @joeyshin screw Feebay! Even more than the making a couple extra dollars, it's about keeping them within the community! Especially if they came from here in the first place! Always going to be a few that take advantage of new chips hitting the market, or buying sample sets to RIP them apart as singles to make a few extra $$$...but doesn't make it right!

 

[Stufflymcstuff]

“Pretty sure you just contradicted yourself... so incentive means more value but above you said smaller lots always sell for more, which is true. So again if chips are going to sell for say $3 - $4 in large lots but $6 in small lots and you are not in a rush to sell... yes packing and shipping time can be a pain, but is eBay not taking a set percentage of each sale? Why not sell in small lots?”

If that’s how you feel then you should do it if you end up selling. The community will survive. The hassle is not just shipping its also posting the ads, renewing the ads, answering questions, taxes, etc.

Less work is not as much of an incentive for all people. If you’re young and you don’t have/make much money then it may be worth the work for you. If you have a high paying job or business it’s likely a poor use of your time.

I also think you’re grossly underestimating how long it would take to sell off in lots of 10. You’re likely to make 1 sale a month if lucky at those prices.

 

[Pat Keating]

Prices for Paulson Home sets almost doubled on eBay since the start of the Covid19.

Unused or mint Pharaohs selling price.
$9/chip for 25 cent blue
$7/chip for $1 white
$5/chip for $5 red
$6/chip for $25 green
$8/chip for $100 black
$10/chip for $500 purple
$9/chip for $1000 yellow
$30/plaque for $5000 plaques original w/edge spots
$110/plaque for $25000 plaques
$12/plaque for $5000 plaques

 

[Mike mac]

Hey thanks sir. Does this seem about right for Paulson Pharaohs:

$12/chip for 25 cent blue
$7/chip for $1 white
$6/chip for $5 red
$7/chip for $25 green
$8.50/chip for $100 black
$12/chip for $500 purple
$10/chip for $1000 yellow
$25/plaque for $5000 plaques
$110/plaque for $25000 plaques

no

 

[JdoggNJ]

Hey I just want to say that everyone here (and on the forum in general) has been awesome. I really do appreciate all the help and feedback.

 

[mnebesny]

Is there a current site that can appraise the value of Paulsons or other sought after chips? Trying to use eBay currently but I see the values range based on the casinos the chips are from.

https://www.pokerchipforum.com/threads/current-chip-valuation-guide.58089/post-1126513

 

[Stufflymcstuff]

You’ve just gotta expect conventions to be priced higher. They’re not setting up a booth and hauling all their shit to make average eBay prices. Sure it’s nice to save 15% via cash sales and I’m sure if you caught them at the end of the convention they’d come down a lot but plenty of people will knowingly overpay in that kind of environment, and many others unknowingly because they’re green. But that’s retail. Every store you step into has shit you can get for less and often way less online.

There are levels to it.

Conventions or b&m outlets are the restaurants.
Apache and Spinettis are grocery stores.
eBay is the wholesale fish market.
Pcf is going to the pier and making an offer to the fisherman.

I’m goin fishin this weekend. Anyone hungry for some blue tail snappers?

 

[JdoggNJ]

Hi guys, because of all your help I was able to pick up this 800 Chip Horseshoe Set for about $2.10/chip on sleezebay. I tried to get the buyer to do outside of eBay which would have been a win-win for both of us but he didn't feel comfortable with it so I pulled the trigger.

I will say that other than the forum, Apache seems like they give the most reasonable deals. Spinettis has a 500 count set of Casino de Isthmus for $3k, about $6/chip which is crazy.

So thanks again everyone. Couldn't have done it without you guys.

 

[Rieguy]

Nice score! Honestly with the amount of scamming these days, the extra amount is probably worth the protection.

Also, both Apache and Spinettis are vendors here, so if you have questions you can usually shoot them a PM and get an answer. I've only personally dealt with the latter and they were great.

 

[JdoggNJ]

Nice score! Honestly with the amount of scamming these days, the extra amount is probably worth the protection.

Also, both Apache and Spinettis are vendors here, so if you have questions you can usually shoot them a PM and get an answer. I've only personally dealt with the latter and they were great.

Agreed about eBay. I actually did speak with the guy over the phone and felt comfortable with it on my end, but when he didn't get back to me about doing outside of eBay, I figured it was worth the extra $$ to just lock it up and make him feel comfortable.

With Spinettis, I reached out to them about maybe doing a deal w/ the Isthmus chips but they were firm. They seem cool though.

Lastly, before I got this set and even knew about the forum, I did get some replica "Dunes" chips from Apache and some other stuff. Will say that Josh, who seems to run the ship there, is excellent. He gets back to you and is easily reachable. Apache is an A++ dealer in my opinion.

 

[CrazyEddie]

Spinettis is definitely cool, but they know what they have and what it's worth and are in no hurry to get rid of it. Now and then they decide they need to move some inventory and they'll offer deals on specific stuff to PCF members - check out their vendor subforum here on PCF to get notified of when they're offering deals.

 

[upNdown]

Spinettis is definitely cool, but they know what they have and what it's worth and are in no hurry to get rid of it. Now and then they decide they need to move some inventory and they'll offer deals on specific stuff to PCF members - check out their vendor subforum here on PCF to get notified of when they're offering deals.

The funny thing is, five years ago, when prices were half what they are now, you could bargain with them and get good discounts.
Anyway, people can say what they want about pricing, but for the time I’ve been in the hobby, Spinettis has been a unique resource - nobody has ever come close,

 

[detroitdad]

The funny thing is, five years ago, when prices were half what they are now, you could bargain with them and get good discounts.

I agree. They worked with me several times. They were always very patient with my request for specific chips, pictures, conditions, ect....

 

[detroitdad]

I like to host Dealers Choice games. 8 max player tables. I send my invites out in 3 waves. The first wave is to about 10-11 players. I usually fill my game up with this first invite, or come really close. The first wave of invites go the guys that are the reliable, fun to hang out with, and ones that love playing the crazy ass games!

 

[Eriks]

Yeah the Spinetti CDIs are priced high (or they would’ve been gone in a heartbeat) but they are leaded (amirite?) THCs and not it’s not like the price is outrageous or anything. Pretty soon we’re probably all gonna be reminiscing over how cheap we used to be able to get a set at Spinettis

 

[orsonberger]

Last purchase, nice chips at nice prices I don't need but I can't resist.

 

[doublebooyah85]

Is anyone else worried if Paulson did bring fantasy sets back, or even starbursts, how many of our chips would just depreciate overnight? Especially fantasy chips, starbursts and possibly NAGB Boat chips. Casino chips would always keep their value imho. Just a thought…

 

[Lil Tuna]

Is anyone else worried if Paulson did bring fantasy sets back, or even starbursts, how many of our chips would just depreciate overnight? Especially fantasy chips, starbursts and possibly NAGB Boat chips. Casino chips would always keep their value imho. Just a thought…

 

[jr8719]

Is anyone else worried if Paulson did bring fantasy sets back, or even starbursts, how many of our chips would just depreciate overnight? Especially fantasy chips, starbursts and possibly NAGB Boat chips. Casino chips would always keep their value imho. Just a thought…

You won't lose money on chips if you didn't overpay in the first place...

 

[CrazyEddie]

Is anyone else worried if Paulson did bring fantasy sets back, or even starbursts, how many of our chips would just depreciate overnight?

WOULD
NOT
CARE

Paulson brings back direct-to-retail home-use sales again, I'm doing the happy dance and heading to the store with my wallet open.

Depreciation only matters if you ever plan on selling, and I don't.

 

[Stufflymcstuff]

Is anyone else worried if Paulson did bring fantasy sets back, or even starbursts, how many of our chips would just depreciate overnight? Especially fantasy chips, starbursts and possibly NAGB Boat chips. Casino chips would always keep their value imho. Just a thought…

if they did sell to the home market the price they sell at would be higher than starbursts currently sell at so probably wouldn’t hurt them much if at all. I don’t see them selling under $2 a chip and maybe even as high as $3 a chip for basic stuff.

It would tank other areas though. Like spotted thcs. These things sell for 5$+ a chip because of scarcity. Desirable colors would be hit the hardest.

But it all depends on exactly what they offer and ar what price point.