What is going on here? W/ sales (1 Viewer)

This has always been my biggest problem with cpc . if You can run a 3 moon at l4 y can’t a l9 8spot be the same price. Your lose of material is more on moon ...I hear time and mold problems etc Yada yada id rather pay .
more for straight pricing then tiered.

I’ll still pro go with set eve but I’ll make do l4 below.
Then again GPI doesnt price chips the same way as CPC. The spots are somewhat irrelevant when ordering chips from a casinos point of view. So its not like they are "saving the expensive chips for the high denoms"
 
This has always been my biggest problem with cpc . if You can run a 3 moon at l4 y can’t a l9 8spot be the same price. Your lose of material is more on moon ...I hear time and mold problems etc Yada yada id rather pay .
more for straight pricing then tiered.

I’ll still pro go with set eve but I’ll make do l4 below.
Not to be rude, but do you understand how CPC makes chips? If you do, then you wouldn’t question their pricing levels.
 
I started this thread not because I have a problem with this:

Buyer buys chips @$2/chip and some time later the same chips are routinely being bought and sold at $3 or $4 or $10 or what ever number and then buyer sells his chips at a profit. In my mind there is nothing wrong with this. This is just a market doing what a market does .

I do have a problem with this:

Buyer buys chips @ 59¢/chip from Jim as do many others. A few days or a week or a month later Jim still has those same chips available for 59¢ the same guy puts up a for sale add for those exact same chips in the exact condition for $5/chip. Now some uninformed new guy that has no idea that Jim exists or that the same chips he is contemplating buying for $5/chip are actually available elsewhere for 59¢/chip. Of course, if a "wanted" post was put up for those chips @$1/chip he would also be able to acquire as many chips as he wanted from many different sources.

I do realize that everyone gets to do what they want and that the chips that the guy bought @59¢ are his to do with as he wishes including trying to sell them a few days later to an unsuspecting new guy. I just think this behavior is lame. If I ran this forum and I could figure out a way to not allow it, I would. (difficult, if not impossible I must admit)

My OP had absolutely nothing to do with Windwalker buying all those chips @ $8 or $10 or any other chips that get bought at what ever the going rate happens to be.

The Poker Chip Market can be extremely fragile as can any market that is very thinly traded. Just think about this for a bit.....

Lets say I have a large set of chips that I know would be very coveted here by at least a few people. For my example I am going to say that there are 10 people here that would buy the set @$4/chip or more. Of those 10, 8 are only willing to pay $4, 1 is a buyer up to $16/chip and the last guy has enough money that he doesn't care. He wants the chips no matter what and is a buyer up to $100/chip. In this scenario in an auction the chips will sell @ $16.01/ chip, right? But.... all it takes is for 1 buyer to disappear and the chips now sell @ $4.01. The dang things lost 75% of the sale price overnight because one of those 2 guys became disinterested for some reason. Idk, they got sick, died, their wife found out they were buying little clay thingy's for $16 ea whatever. See how fragile this whole thing can be?

My whole point with the OP in the 1st place had nothing to do with the 2 guys knowingly getting into a bidding war and one of them winding up buying chips @ $16.01 and the seller profiting, but did have everything to do with the guy buying chips @59¢ and trying to sell them to an unsuspecting person @ $5/chip when the market is really 59¢/chip.

I believe Jim should institute a no Resell policy . If you buy them From the sale no reselling for more than price he listed them for. If so your not allowed to be part of next one. Trade would be fine.
this would curb the flipping to some extinct.

id Also like to see sales last longer than 2-3 minutes hahahaha. I mean roulette from IOC lasted 3min this is absurd . Possibly a take part in sale #1 you set out of sale #2 . Allowed in #3

i came from ct so to see chips i had then sell for 20x today is very sad on part of honey side of it. Winds 300k in chips is absurd.

ct was fun and exciting people talk about supply demand. there wasn’t 40 diff auction sites or 100k members but also there wasn’t 25sets that were premium out there. 3 sets from then that were untouchable at that time for me. PNY,Crystal parks, and a few others.
we had buy poker chips. Blue chip co. Holdempoker, Kardwell ,asm, trk! Paulson home, gamblers general! Side pot,chipco etc.. I suppose the unlimited amount of custom chips gave us an avenue to which we didn’t really need to pay premium prices for chips.
now you got sun fly! cpc for customs, abc That’s all. Your option is sets of thc,rhc from jim this I believe is y prices are and free 1600 stimulus money
 
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. ;)
Wait a minute I’ve never flipped and wasn’t included in nagbs r sure that was the requirment?.?
 
Not to be rude, but do you understand how CPC makes chips? If you do, then you wouldn’t question their pricing levels.
Yes I do. Same way bcc and asm and trk did. customs from all 3 at point. It’s the nickel dime for every option you want. Dg on base add .. bright white .. shaped inlays ... dg edge add. lvl 1,2,3,4,5,6,7,8,9,10,11 etc..

how about this
level 1-5same price
lv 6-9
lvl 10-11
lvl 12+

can’t tell me some lvl 5 are more exp than lvl3s or 2. Same for lvl 9vs 6
no Up charges for bright white or dg
 
I believe Jim should institute a no Resell policy . If you buy them From the sale no reselling for more than price he listed them for. If so your not allowed to be part of next one. Trade would be fine.
this would curb the flipping to some extinct.

Do you not realize that the only reason Jim is able to sell through all of his chips is because of the flippers? He prices them a little below market value because of the quantities he obtains. If he could sell them all for $20 per chip, he would. He doesn't want to sit on them for years. He wants to buy them and flip them all as quickly as possible.
 
Yes I do. Same way bcc and asm and trk did. customs from all 3 at point. It’s the nickel dime for every option you want. Dg on base add .. bright white .. shaped inlays ... dg edge add. lvl 1,2,3,4,5,6,7,8,9,10,11 etc..

how about this
level 1-5same price
lv 6-9
lvl 10-11
lvl 12+

can’t tell me some lvl 5 are more exp than lvl3s or 2. Same for lvl 9vs 6
no Up charges for bright white or dg

No, you clearly don't understand the process. Some edge spot patterns require the chips to be punched multiple times, some require just one punch. The spots are then added in by hand, one by one. The more complex it is, the more time it takes. With complexity also comes a higher percentage of chips that get rejected for QA reasons. All of those things add to the cost, and are reflected in their pricing. Bright white costs more because of material waste. You can waive that fee if you are OK with traces of other colors showing up in the white. The pricing tiers are all about time and materials added or wasted. Same with the shaped inlays. Those require punching by hand. Some of their punches are faster and more accurate than others, hence there are different prices across shapes.
 
I believe Jim should institute a no Resell policy . If you buy them From the sale no reselling for more than price he listed them for. If so your not allowed to be part of next one.
He actually did that a couple of years ago. But the he realized it was pretty much impossible to track. Then he tried selling a smaller casino release in a sort of modified auction format. Ultimately he came back to what he'd been doing, what he's doing now.
 
But if your theme is something like "Smokey Mountain Poker", or "Big Kahuna Beach Resort", "One-Eyed Jacks", or even "The Dog House", then your set would have broad appeal and your reselling options wouldn't be so limited.

Reminds me one of the first designs I did :

dhc_t5_2-png.264013


dhc_t25_2-png.264014


dhc_t100_2-png.264025


dhc_t500_2-png.264016


dhc_t1000_2-png.264017


dhc_t5000_2-png.264018


dhc_t25000_2-png.264019


dhc_bty_2-png.264020
 
He actually did that a couple of years ago. But the he realized it was pretty much impossible to track. Then he tried selling a smaller casino release in a sort of modified auction format. Ultimately he came back to what he'd been doing, what he's doing now.

Ya I remember when he said that. I thought it was kinda funny. He was upset because he thought chippers were "taking advantage of him" and that he could have made more money off us but then when he tried to increase his prices on the next sale he realized, oh ya, they're harder to sell through at higher prices lol. So he went back to cheaper chips for a quicker flip instead of sitting on inventory for decades like the Chip Exchange. All these efforts to control a free market crack me up. "if I catch you flipping chips you'll be banned!" lol. All that did was make people post WTB ads while flippers sold to them via PM.
 
Ya I remember when he said that. I thought it was kinda funny. He was upset because he thought chippers were "taking advantage of him" and that he could have made more money off us but then when he tried to increase his prices on the next sale he realized, oh ya, they're harder to sell through at higher prices lol. So he went back to cheaper chips for a quicker flip instead of sitting on inventory for decades like the Chip Exchange. All these efforts to control a free market crack me up. "if I catch you flipping chips you'll be banned!" lol. All that did was make people post WTB ads while flippers sold to them via PM.
Jim should call you for health advice, you know all about him.
 
Ya I remember when he said that. I thought it was kinda funny. He was upset because he thought chippers were "taking advantage of him" and that he could have made more money off us but then when he tried to increase his prices on the next sale he realized, oh ya, they're harder to sell through at higher prices lol. So he went back to cheaper chips for a quicker flip instead of sitting on inventory for decades like the Chip Exchange. All these efforts to control a free market crack me up. "if I catch you flipping chips you'll be banned!" lol. All that did was make people post WTB ads while flippers sold to them via PM.
My recollection is slightly different. The prices used to be noticeably lower on the initial sales. Remembering Aces, Aztar, etc. Particularly the higher denomination chips. The prices on those went up and have never come down.

For instance, I can’t remember what sale it was (one of the never ending HS sales, I think) but about a year ago I priced out what it would cost to replicate my 700 chip AS tournament set, and it would have been something like $2000 more than what I paid for the AS tourneys for a far less attractive set. Granted, this was going to be using cash chips for a tournament but those prices made getting such a set prohibitive for me. Not for others it seems.
 
Every time I see another thread go up like this, I am like...
View attachment 606885

All I can tell you is you get what you want out of this forum, period.
If you choose to get in the drama then you will receive drama. If you want to concentrate on buying and selling then thats what you get. If you want to be a seller then be a seller. I see many on here that are "members" and 99% of their adds are sales adds. Is this wrong? I am not one to say it is wrong. This is how they choose to participate in our forum.

Community is a word that is used very loosely to describe all that are in this group. I think of it more like we have many communities within the community. There is a community of Chip collectors, a community of friends, a community of sellers, a community of buyers, a community of flippers and so on. Some people may call them cliques other will call them communities! Chose you community or communities that you like and get involved.

To the newbies, get involved where you think you want to be and get involved. There are a bunch of great people here that can help.

I will add that I have never put anyone on my ignore list. I find it kind of funny that people cannot just read a post and move on if they do not like it. I see them put them open ignore and then un-ignore them to make comments. I also see people saying you are on my ignore list and thence them commenting on posts. If I disagree with someone I choose to ignore what they write but not ignore the person.

So to all the members, what is your community?

Enjoy the hobby and know there are many, many other forums and subsets of collectors that go through the same thing we keep "beating a dead horse" over.

Find you hobby happiness from within!

Keep on Chipping!
This! Buying and selling will sort itself out...

Take that guy listing Crystal Parks right now on eBay for $4+/chip. Someone starting have a thread ridiculing the sale on the “Facebook/eBay sales“ section. Old chippers know he’s full of malarkey; new chippers are learning from the ridicule that the price is absurd. Oh, and nobody has bought the chips. It’s sorting itself out.
Every time I see another thread go up like this, I am like...
View attachment 606885

All I can tell you is you get what you want out of this forum, period.
If you choose to get in the drama then you will receive drama. If you want to concentrate on buying and selling then thats what you get. If you want to be a seller then be a seller. I see many on here that are "members" and 99% of their adds are sales adds. Is this wrong? I am not one to say it is wrong. This is how they choose to participate in our forum.

Community is a word that is used very loosely to describe all that are in this group. I think of it more like we have many communities within the community. There is a community of Chip collectors, a community of friends, a community of sellers, a community of buyers, a community of flippers and so on. Some people may call them cliques other will call them communities! Chose you community or communities that you like and get involved.

To the newbies, get involved where you think you want to be and get involved. There are a bunch of great people here that can help.

I will add that I have never put anyone on my ignore list. I find it kind of funny that people cannot just read a post and move on if they do not like it. I see them put them open ignore and then un-ignore them to make comments. I also see people saying you are on my ignore list and thence them commenting on posts. If I disagree with someone I choose to ignore what they write but not ignore the person.

So to all the members, what is your community?

Enjoy the hobby and know there are many, many other forums and subsets of collectors that go through the same thing we keep "beating a dead horse" over.

Find you hobby happiness from within!

Keep on Chipping!
This! And remember, motives may be more complex than you think.

I joined because Im an old chiptalk member long obsessed with chips. In June, I found a mint set of 300 A-molds for a steal. I couldn’t score more A-molds, so I tried matching up other chips to them; Jambine did me a favor with 300 horse heads for 20c/chip. I bought other lots, got a little carried away, and now I am flipping chips in a “hobby business” I never planned on but am not complaining about either.

Jambine did me a favor. Would it be fair to flip those chips for more? I didn’t buy them for resale—that was not where my head was at the time—but now I have them. What exactly constitutes being fair as a member of this community?

Thorny questions. I hesitate to judge.

I will argue that my newly minted efforts, albeit mostly on eBay, are beneficial to the community. When you find 200-300 old horse heads (or hub mold, or flower mold, or you name it), it’s usually not a playable set in the modern sense. 50 years ago, poker was often four guys sitting at a table. Today, home games usually have 6 or more players. Modern playable sets demand more chips.

Generally, my hobby business model is to buy old clays for about 20c/chip and flip for 30c/chip. My grounds: I saved the buyer the legwork of hunting down 2-3 lots of X mold to assemble the set, which warrants some compensation.

Would it be unethical to buy chips here for flipping? I don’t know. Just in case, I’ll make a point of saying “these are for resale” if buying chips here. I’m selling, but am also member of a community.

Still, I hesitate to judge.
 
This! Buying and selling will sort itself out...

Take that guy listing Crystal Parks right now on eBay for $4+/chip. Someone starting have a thread ridiculing the sale on the “Facebook/eBay sales“ section. Old chippers know he’s full of malarkey; new chippers are learning from the ridicule that the price is absurd. Oh, and nobody has bought the chips. It’s sorting itself out.

This! And remember, motives may be more complex than you think.

I joined because Im an old chiptalk member long obsessed with chips. In June, I found a mint set of 300 A-molds for a steal. I couldn’t score more A-molds, so I tried matching up other chips to them; Jambine did me a favor with 300 horse heads for 20c/chip. I bought other lots, got a little carried away, and now I am flipping chips in a “hobby business” I never planned on but am not complaining about either.

Jambine did me a favor. Would it be fair to flip those chips for more? I didn’t buy them for resale—that was not where my head was at the time—but now I have them. What exactly constitutes being fair as a member of this community?

Thorny questions. I hesitate to judge.

I will argue that my newly minted efforts, albeit mostly on eBay, are beneficial to the community. When you find 200-300 old horse heads (or hub mold, or flower mold, or you name it), it’s usually not a playable set in the modern sense. 50 years ago, poker was often four guys sitting at a table. Today, home games usually have 6 or more players. Modern playable sets demand more chips.

Generally, my hobby business model is to buy old clays for about 20c/chip and flip for 30c/chip. My grounds: I saved the buyer the legwork of hunting down 2-3 lots of X mold to assemble the set, which warrants some compensation.

Would it be unethical to buy chips here for flipping? I don’t know. Just in case, I’ll make a point of saying “these are for resale” if buying chips here. I’m selling, but am also member of a community.

Still, I hesitate to judge.

The community is far too polarized to consider what others think in what you choose to do.

Regardless of your choice, 50% will think you're fine and 50% will think you're an a-hole. Pick the path that lines up with your morals/ethics and don't worry about the noise.

I'm not religious by any stretch of the imagination, but I think the Golden Rule should apply - "Do unto others as you would have them do unto you".
 
The community is far too polarized to consider what others think in what you choose to do.

Regardless of your choice, 50% will think you're fine and 50% will think you're an a-hole. Pick the path that lines up with your morals/ethics and don't worry about the noise.

I'm not religious by any stretch of the imagination, but I think the Golden Rule should apply - "Do unto others as you would have them do unto you".
Hello. I am an asshole.
 
Interesting. I always thought 'milling chips' was a funny way to refer to thread fuckery.
 

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