detroitdad
Royal Flush
3 minutes later.....
1st rebuy pic.
Thanks for the credit that I'll play 3 minutes
3 minutes later.....
1st rebuy pic.
Woo! You got them in play. Looks good.
Woo! You got them in play.
I would say the first big chip room Horseshoe sale that happened just before boat chips exposed the flipping and money grabbing noobs, then the dumpster fire started.
You made an excel sheet to find out? I don’t know whether to be creeped out, or impressed.
My other off-forum purchases take that average waaayyy down, but that’s my point — popular / “grail” chips are expensive, if you want to get a lot of them in a short amount of time. No because anyone is trying to screw anyone else — it’s just the price it took to shake them loose from someone who loved them.
IMO, that’s been happening behind the scenes for a long time, I just happen to be a lot more public about it.
I blame the introduction of 43mm Paulsons via both Ohio Horseshoe Casino sales. Yeah, there were flippers around before then, but they took those IHC high-denomination chip prices to unheard-of levels of shameless greed.
Subsequent NAGB sellers of 43mm chips merely followed suit, although not nearly to the same degree.
Was that before or after the Wynn chips fondled by Beyoncé? I’m a little cloudy on the timeline.That was certainly a major turning point in how I viewed and was viewed by these forums. I was on a remote island in Fiji with no electricity when that sale happened. I was bummed out because I couldn't get anything from the sale. All the "good chips" sold to people with internet connections. I eventually got some $1s from TCR, but everything else I bought was from the secondary market and from people reselling their chips at marked up prices. But I didn't care. I knew I would miss out on the sale when I booked our vacation. I bought thousands and thousands of those chips from people. I don't recall exactly how many, but I had by far the largest collection of them. Nearly all bought from the secondary market. Everyone flipped their chips to me. And yes, I took note of who they were. But again, that never bothered me. After I got all those chips, I cleaned them with my ultrasonic. It was my first time cleaning chips. I spent countless hours cleaning those things. But after I was done cleaning them and organizing my set, I realized that I just didn't like them very much. The $1s looked like they had all been sucked up by a lawnmower. So I decided to sell them.
That's when everything changed for me here. I listed them for sale in the classifieds and the entire community brought out their pitchforks, calling me a flipper. Nevermind the fact that I bought them all from actual flippers. I noted the fact that I was on an island in Fiji without electricity during the sale and didn't get them from TCR in every single listing I posted. But nobody cared. That or they just didn't believe me. Who knows. But everyone here showed their true colors when it happened. Again, I took note.
I continued to buy and sell chips like mad. I was the "crazy" guy before changster and windwalker were around who would just "overpay" for whatever I wanted. Whenever chips I wanted hit the auction block, people would roll their eyes when I outbid everyone. But I would later discover that I had extremely picky tastes when it came to chips. I realized that I didn't like a lot of them. I liked them individually, but I just couldn't make sets that I was truly happy with. So I bought and resold a ton of chips. Each time, for at least the first year or two here, I continued to resell for what I paid or less. In every listing, I would state what I paid for them and posted them for the same price, or sometimes less. I often could have sold them for more, but I didn't care. I didn't need money and wasn't here to fleece a few chippers out of a $20 bill. I was here for chips. But somehow, the pitchforks kept coming out. Everywhere I'd post, even outside the classifieds, I was followed around by the mean girls crew who would bash me for "flipping" chips despite never having actually done so. Over a hundreds listings, each time I'd post their provenance of who I got them from and how much I paid. But it didn't matter. The pitchforks still followed. It got old really fast. Then the NAGBs happened lol. Good times. Again, I took note. But I never gave two shits about what someone else paid for their chips. I only cared what I was willing to pay for them. It never once bothered me if someone was profiting from a sale. That's just how markets work. Collectibles go up and down in value.
But my earlier experiences here definitely changed my outlook. If I buy chips today, I don't give two shits about what I paid for them anymore. They're worth whatever they're worth. I lost a ton of money on my Palais set, and they ended up going back to the same person I bought them from, for hundreds less per rack than I paid lol. The market on them had changed as a result of the NAGB chips coming out at the time. The person I bought them from was selling them before the NAGBs to raise funds for the NAGB, unbeknownst to me at the time. So I paid top market prices for them. Then, those NAGBs came out and the Palais plummeted in value. I ended up losing at least $1000 on that set after buying them from an NAGB member before the group buy and reselling them to that same person after the NAGBs came out. But that's just how markets work. Sometimes you win and sometimes you lose. That person wasn't trying to screw me over, and honestly, I doubt they've ever even put all the pieces together. But it's just a classic example of how markets change.
Today, if I'm selling my chips, I don't give two shits what I paid for them. They're worth whatever the market says they're worth. Up or down I don't care. Whenever I want chips, I always pay top market prices. The same goes for if I resell now. Whatever the market says they're worth. I don't play these bullshit games where the old timers try to control the market with their pitchforks. It never works anyhow. All it does is create divisions. I respect the market value of your collections, and I expect you do to the same with mine. If everyone here did the same, there'd sure be a lot fewer pitchforks around here.
I know it is sort of just a saying, but counting cards isn't really hard at all. Just about anyone can do it with some practice.. I don't bother anymore as I got booted from enough places way back in about 1990 or so. I came to the conclusion that Poker could be pretty profitable too and you don't have to deal with the whole getting kicked out thing........ If I could do that kind of math in my head then I would be living in Vegas counting cards at the blackjack table.
Welcome back from a noob! Great insight!! Earlier someone mentioned a person's post count has nothing to do with their experience in the hooby... case and point!I think we need to separate the (original) discussion into the two common cases and not discuss them as one.
One case are people who buy chips, sits on them, maybe even use them and sell them for a profit. This can be triggered by a sudden price surge/interest in their particular set.
The second is those who grab e.g. the few high denom chips from a ChipRoom sale for the purpose of reselling them for a profit in a short time span (lets say >a year).
I'm sure most of us, at least now, fall into the first group. I could also add a 3rd which losing money on sets but noone complains about those.
I think I have the same perspective as OP on this as I was quite active on CT some years ago and went through many sets. I went for ASM customs as the hobby was getting a bit too expensive (even back then) and I had too much money tied up in chips so I cut my losses and managed to rejoin society. I checked CT once in a while but there was some downtime and then this place came up. I felt loyal to CT due to all the knowledge I gotten from the community there and it eventually went offline which made it easier for me to stay away. So I'm sorta new here in the sense that I haven't been here a lot in the same sense you don't see recovering alcoholics hanging out in bars.
Back then the "market"/community was small, pretty well informed and prices not as volatile as now. There certainly was chips that increased in price for every transaction but not by a whole lot. And there were also chipsets that fell in price which I seemed to be the end of on many of the sets. My best purchase was 980 PNYs where 80 were $500s for a total of $1250 (which was a great deal back then) that I shortly after traded for a WSOP Rye Park Poker table that I'm still using, but even so I still lost money on almost every chipset which passed through me. Part of the reason was shipping, customs and currency fluctuations, but prices didn't move a whole lot, except for the really exclusive ones like Crystal Parks, Olivias, Ritz, PNY, etc.
One important aspect I should mention was that active members selling to each others would often (at least some times?) offer good prices to each others. I believe for several reasons, to get a good deal in return in the future, because they knew the buyer would enjoy them and was not a flipper, and the community was seemingly much smaller and interacted with each others more. It certainly wasn't as active as here and it wasn't that many members on a regular basis either. It occasionally did happen that someone would flip for profit and there was some drama when it happened and it usually meant that member wouldn't be offered a bargain in the future, or at least for a while. I believe this is what OP was referring to. It was also common to be lowballed for sets that had falling popularity due to new sets coming in so it wasn't all glory either. During xmas I have been reading through a lot more here on PCF and there is some drama and ....toxity is too strong, so lets go for rudeness, that wasn't common on CT but it's something that always comes with volume.
Due to Covid, I was bored and stumbled
Forget the $15K. He wants $412 for shipping. WTF.Is this seller here?
https://www.ebay.com/itm/New-Paulso...715987?hash=item1c652fcdd3:g:mtMAAOSw~oFXEFdi
idk, maybe these are worth the 15k he is asking. $15,000/1237 chips =$12.13/chip
hmm
price of my sample set just went up. I was thinking maybe $2 ea or $20 for all 10, but now I think I am going to have to reconsider
Y'all like lots of words .....
Jim has done so much for the playable-set-collector community at large that he 100% deserves a statue.I'm not saying we should make a statue of Jim, but he doesn't deserve the Scrooge McDuck stamp either.
Lol, didn't even notice.Forget the $15K. He wants $412 for shipping. WTF.
I agree and I also think he is, at minimum part of, the reason for this hobby increasing in popularity. My point was that his prime goal isn't to promote the hobby (although I believe he has done so more than most).Jim has done so much for the playable-set-collector community at large that he 100% deserves a statue.
That was before. I had sold tens of thousands of chips at cost before that. Each time being called a "flipper" despite never having done so. So when I resold my Wynn chips (which I purchased from a vendor who flipped them to me after getting them from someone else who flipped them to him who got them from someone else who flipped them from eBay), I had reached the point of "I don't give a fuck anymore" already. I put the ones I didn't need up for auction and they sold for whatever they sold for. Turns out, I profited. Thanks market.Was that before or after the Wynn chips fondled by Beyoncé? I’m a little cloudy on the timeline.
Also no street smarts.....never been in a casino or game roomThe PNY chips hit the market ~14 years ago, it’s flat out crazy to expect them to still be worth the same after all this time. Even just basic inflation would drive the prices up.
I’ve owned them a few times since joining the hobby in 2008, they are harder to find as years go by.
Well, my wry comment was certainly not intended as a pitchfork...massive eye rolls are hard to convey. It was, without further comment, intended as a gentle ribbing that only long-time members would comprehend, and I intended to leave it at that. But so be it. I think the difference between you and me on this point is that I don't engage in revisionist history about my behavior. The sordid story of you flogging the Wynns (among others) for maximum profit is well-known amongst longtime members, as are some of your other questionable actions over the years.That was before. I had sold thousands and thousands of chips at cost before that. Each time being called a "flipper" despite never having done so. So when I resold my Wynn chips (which I purchased from a vendor who flipped them to me after getting them from someone else who flipped them to him who got them from someone else who flipped them from eBay), I had reached the point of "I don't give a fuck anymore" already. I put the ones I didn't need up for auction and they sold for whatever they sold for. Turns out, I profited. Thanks market.
But while we're at it, captain pitchfork, perhaps you'd like me to point out the fact that YOU were the first person from the NAGB to reach out to me privately and offer up your set of NAGBs to me at extreme prices. Before they were even hitting the classifieds in fact. You just couldn't wait to flip those! Did you forget already? Glass houses... stones... you know the drill
Well, my wry comment was certainly not intended as a pitchfork...massive eye rolls are hard to convey. It was, without further comment, intended as a gentle ribbing that only long-time members would comprehend, and I intended to leave it at that. But so be it. I think the difference between you and me on this point is that I don't engage in revisionist history about my behavior. The sordid story of you flogging the Wynns (among others) for maximum profit is well-known amongst longtime members, as are some of your other questionable actions over the years.
So, now, to your gotcha point: Have I profited from the sale of chips? Yes. On many occasions, in fact. Mostly on chips I owned for a long time. I've also sold for a loss. Or sent a bottle of premium whisky to someone (many someones, in fact), for no reason at all. But I don't paper over the fact that I've sold chips at a price higher than I paid. And I've never hoovered up chips with the primary purpose of profit. Let's set the record staight about my offer of ES chips to you. You are absolutely correct that I reached out to you and offered you some ES $20s. Was I the first? Perhaps technically I might have been the first to initiate contact with you (and not vice versa), but I don't really know. But at the time, I had been told by several folks that you were looking for ES cash chips via PM and, as I recall, you had posted a thread expressing interest in buying them. But to suggest I "couldn't wait to flip" them? Not even close. (Lest we forget, reputation for flipping was likely the reason you weren't part of the boat buy.) TBH, I was not really looking to sell any at that point in time, but given the prices you were offering, and since by then you were a known and notorious flipper, yes, I offered you chips at the top of your self-stated price range. But as we both know, you had already purchased ES $20s by that point, and passed on mine. Did I later sell some boat chips at going rates? Yes. I also sold racks and racks at cost or extremely modest prices.
But you know what? All of this is water under the bridge. We all make mistakes (I've made plenty). And I have actually found much of your recent content and participation on the forum to be refreshing, and I bear you no ill will. We've even had nice interactions on the site. Are you still selling chips for value? Sure. So are others. So am I. And I don't fault you or anyone else for that. But...you should re-read your own post, which I quoted. It was--to be charitable--so lolz about past history that I felt the need to obliquely call you out on it.
Pot? It's kettle. You're black.
or anyone EVER bought any for the buck fifty they cost to make? Lolon a related note, if anyone has ES $20s fondled by Beyonce.. hit me up.
you can also ignore the fondled by Beyonce part
Nice to see old salty beef squashed. Get it all out. I admire you both. Life is too damn short. Both of u are great people. Don’t get it twisted.Fair enough. I may have misread your post as a slight on me being a "flipper" for reselling the Wynn chips at a profit. However, that was the first time I sold chips at a profit and it was because of the way I was treated prior to that which altered my approach going forward and how I viewed the market. I honestly don't look down on you at all for offering your ES chips to me at "marked up" prices. The market is what it is and you had chips that I wanted, or at least some of which I wanted. My only frustration is with the pitchforks. Particularly when I feel like they're being held by others who do the same. Glad to see it's water under the bridge for you though. It is for me as well. I just wish everyone here would respect whatever the market value is of each other's chips. It'd sure make this a much happier place. Making friends and giving gifts like whiskey, or randomly giving out free sample sets to people who weren't expecting them, or passing along a find from the chip convention to somoene you know was just dying for one more chip to complete their rack, or donating to a fellow chipper's gofundme because they're going through chemo or because they just lost their home in a fire, those are the gestures that add character IMO. Passing along a rack of chips for $200 to a "friend" because you bought them at that price last year only to watch them turn around and resell them a month or two later for $500 just makes you a sucker. I'm happy to be a good friend to anyone in need. But I'm nobody's sucker. [This isn't aimed at you or anyone in specific, I'm just saying that in general that's how I view my interactions on the forum].
Need my help filling in your set when I've got a couple spares? They're on the way. Shipping is on me.
Going through a really difficult time in your personal life and could use some help? Funds sent.
Hosting a game and I booked a nice win (or even if I lost). Thanks for the hospitality. Here's a share of my profit. And some beers/whiskey.
You want my grail set for half of what it's worth on the market because I we're friends and I didn't pay that much for them? Get outta here.
Perhaps you should try smashing F5 next time instead?I’m just pissed I always miss the f-in sale F7f7f7