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When did this community become so ??? (1 Viewer)

Jonesey07 said:
You can get a very basic CPC set for less than $2 a chip but if you want any sort of progression or anything the price quickly jumps up. Just my humble opinion.


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I paid on average $1.79 per chip for my 1000 chip tournament set. It has spot progression. But I made it with them intention to be lower spot levels, no premium for day glow base colors etc. I think it came out very well and is real value compared to trying to buy a Paulson set of casino chips with the same denominations on them.

8BCEE148-4B48-4BAE-B3B0-E225F1F474CB.jpeg
 
Rhodeman77 said:
I paid on average $1.79 per chip for my 1000 chip tournament set. It has spot progression. But I made it with them intention to be lower spot levels, no premium for day glow base colors etc. I think it came out very well and is real value compared to trying to buy a Paulson set of casino chips with the same denominations on them.

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What mold is that? I can't tell by looking at the picture. I like the set however.
 
Forty4 said:
There are also Bud Jones boat chips. So few that people often forget. Then again I don’t recall seeing a sale thread on any of those, of course I could be wrong.
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Ah, well forgive my ignorance then. I was not aware of another boat chip that was available.
 
I guess I'm going to have to read this whole thread. I've been away from the forum for a couple years and recently started checking back again.
My one question is in regards to the Aurora Star chips. I read in another thread someone asked about them and a link was posted but when I used the link, it lead to a deleted page. Just curious what I missed out on, if anything. Naturally the financially affluent get the best of any opportunity but this one seems like it was more than that. Was it a case where only a few got the opportunity?
 
KingZilla said:
I guess I'm going to have to read this whole thread. I've been away from the forum for a couple years and recently started checking back again.
My one question is in regards to the Aurora Star chips. I read in another thread someone asked about them and a link was posted but when I used the link, it lead to a deleted page. Just curious what I missed out on, if anything. Naturally the financially affluent get the best of any opportunity but this one seems like it was more than that. Was it a case where only a few got the opportunity?
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I believe there was a group of 50 or so individuals that worked in secret to make the project a reality. I believe they needed to purchase approx. 300,000 chips overall to make it happen. It was done in a variety of phases that covered three different "boats" although I think there may have been a fourth one in the works.

I'm surprised the secret group was as large as it was, cause secrets are hard to keep. But so is purchasing hundreds of thousands of poker chips.

Again, this is based off my recollection. I was not part of the group buy and aside from sample sets of the Empress star cash and tourney chips I don't own any, but they sure are purty
 
BGinGA said:
Affect them and their decisions how, exactly? And if you plan to bring up the 'lowered value of other sets' BS again, either provide examples or don't bother.

The truth is, and has long been, that GPI doesn't sell to the general public, and a group buy for Paulson chips simply isn't possible. There was nothing misleading about it. If you think that they will, or that a group buy will work, then go for it and prove me wrong.
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Your public comments, stating that it was impossible to buy chips from GPI (while the GB was going on), influenced, for example, my own decisions on whether or not to purchase certain chips. They also influenced other new members making the same decisions. Coming from someone from whom I’d already learned most of what I know about chipping, your words in particular are seen as a trustworthy source.

They had a negative impact because when the group buy came to light, that trust was broken. The understanding that “we’re all in this together” (in the search for chips) quickly turned into an understanding that there are two groups of members on this site.

You maintain that you weren’t misinforming people, that a group buy isn’t possible, and I believe that you feel that you are being genuine. Yet, here we are discussing the group buy, which has already happened.

I want to emphasize that this is not just about your comments. Several other GB members participated in threads discussing the (im)possibility of a GPI group buy and what impact that would have on the chipping market during the time the GB was taking place.

For me, this broken trust is the worst aspect of the GB. I know, now, that I can’t necessarily believe anything I read in these pages, no matter who it comes from. Perhaps I was naïve to have thought so.
 
superchromix said:
Your public comments, stating that it was impossible to buy chips from GPI (while the GB was going on), influenced, for example, my own decisions on whether or not to purchase certain chips. They also influenced other new members making the same decisions. Coming from someone from whom I’d already learned most of what I know about chipping, your words in particular are seen as a trustworthy source.

They had a negative impact because when the group buy came to light, that trust was broken. The understanding that “we’re all in this together” (in the search for chips) quickly turned into an understanding that there are two groups of members on this site.

You maintain that you weren’t misinforming people, that a group buy isn’t possible, and I believe that you feel that you are being genuine. Yet, here we are discussing the group buy, which has already happened.

I want to emphasize that this is not just about your comments. Several other GB members participated in threads discussing the (im)possibility of a GPI group buy and what impact that would have on the chipping market during the time the GB was taking place.

For me, this broken trust is the worst aspect of the GB. I know, now, that I can’t necessarily believe anything I read in these pages, no matter who it comes from. Perhaps I was naïve to have thought so.
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How exactly did the knowledge of the Boat Chip purchase impact your purchase decisions? Assuming the seller is part of the Boat Chip purchase...

No Knowledge
Seller: Hey, I've got these PCA/TRK/Horseshoe/other chips available for sale...
Buyer: You know, I've been looking at buying those chips... I'll take them.

Boat Chips are produced and delivered after the transaction.

Knowledge of Boat Chip Purchase
Seller: Hey, I've got these PCA/TRK/Horseshoe/other chips available for sale...
Buyer: You know, I've been looking at buying those chips... but I want those Boat Chips that you're purchasing!
Seller: Ok, but you're not part of the purchasing group, so you're not getting them at cost.
Buyer: Buy PCA/TRK/Horseshoes at market price... or do nothing.

So you either spend the money on the chips you bought, or you don't spend it and look to buy Boat Chips if they ever become available to the market (not guaranteed). You're not changing your mind and buying, for example, PCAs instead of that TRK set... and you're not suddenly going to be invited to purchase the Boat Chips at cost. You could always hope the Boat Chip purchasers need money desperately and will drop the price on their sale sets, but you'll never know for certain who's part of that group...

The Boat Chip purchase primarily affected any chip sellers who posted classifieds after they became common knowledge, due to the frenzy these chips created. With everyone focused on the Boat Chips and the drama, other sets were sitting on the Classifieds for longer and some people would have needed to lower the prices in order to sell these sets. Has there been a long-term impact on the market? Of course: some people are out of the market because they have their "grail" set (no different than if they acquired another "grail" set). Others might not be as active as they'd be if they hadn't purchased Boat Chips... but, again, no different than after any major Chip Room / Chip Vault / Chip Exchange sale...

Did the Boat Chip purchase stop you from buying the chips you wanted? No.
Did the Boat Chip purchase make you pay a higher price for the chips you wanted? No - no guarantee the chips you wanted were being sold by a Boat Chip participant.
Did the Boat Chip purchase "flood" the market with high quality chips? No - unlike in a Chip Room sale, only a very small fraction of the 300,000 chips (or whatever) produced have actually hit the market.

I believe this is why members like @BGinGA find it difficult to believe the market was impacted to a significant degree, or for a significant length of time, and ask you for specifics. Buyers never had an option to get Boat Chips at cost... prices for the other chips would have remained stagnant or decreased. The market shifted to a general buyer's market EXCEPT for Boat Chips, which became a very strong seller's market for those who wanted to sell (and, if I understand correctly, these were never supposed to hit the market).
 
Anthony Martino said:
I believe there was a group of 50 or so individuals that worked in secret to make the project a reality. I believe they needed to purchase approx. 300,000 chips overall to make it happen. It was done in a variety of phases that covered three different "boats" although I think there may have been a fourth one in the works.

I'm surprised the secret group was as large as it was, cause secrets are hard to keep. But so is purchasing hundreds of thousands of poker chips.

Again, this is based off my recollection. I was not part of the group buy and aside from sample sets of the Empress star cash and tourney chips I don't own any, but they sure are purty
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Ahh, thanks very much. I guess that's what I get for being away for so long. Still, the "secret" aspect of it still doesn't sit well in my view of this place. I've read more of this thread and the "boat" chips issue seems pretty controversial.
>EDITED<
I edited out how it seems only the well connected here get all the opportunities. Due to the nature of that particular project, I understand the need for secrecy. Still, I think there should have been some way to accommodate the whole PCF community who were interested without jeopardizing the whole venture?
 
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KingZilla said:
Ahh, thanks very much. I guess that's what I get for being away for so long. Still, the "secret" aspect of it still doesn't sit well in my view of this place. I've read more of this thread and the "boat" chips issue seems pretty controversial. I read all kinds of explanations about "risk" and affects on the value of chips due to that run of chips. Really? This "community" now serves the well connected among it, it seems. Many years on Chiptalk and I never saw something like this. Group buys were made available to everyone.
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Group buys that are run which require the need to impersonate an actual casino and/or gambling enterprise or otherwise influence the chip manufacturer to fulfill the order believing that said order does not violate existing policies or potentially negatively impact their legitimate casino customers must be run secretly.
I'm wondering if GPI would have truly balked at a non-casino order request of 300,000 w an average price of $1.35/ea if they received a very large deposit? That's over $100k in revenue...pennies I know, but that's alot of pennies.
 
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Meddler2 said:
order request of 300,000 w an average price of $1.35/ea
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Finally some transparency on the quantity and price of the chips. Other things I'd love transparency on:

- who the privelaged few are
- potential for new orders
- potential for reorders

The market suppression is totally different if it was a point in time thing versus a reoccurrence. Lack of transparency the first time leads me to believe it will happen again.
 

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