Will there be a market for Caesar's WSOP chips? (26 Viewers)

[Jaxen]

Watching the WSOP coverage now looking at those Caesar's chips and thinking, "Meh, take 'em or leave 'em."
The love for Rios is real with all the playable authentic sets I see on here. But what if these current ones become "the next old ones"?
Should GG decide to go for new branding as soon as next year ... or if the event moves again in the near future ... will there be a market to get these current ones, especially in quantities to make sets? Or will they be just a footnote as we continue to pine away for Rios?

 

[Jacks]

It’s a great question.

There’s a bunch of factors that make the WSOP chips “cool”:

History (Binion’s 8V may win this one)
Prevalence (Rio Primary used the most years? BJ very used in famous poker years)
Chip Design (Probably no universal consent)
X Factor (Rio 818 crossover with PCF)
Etc

The Caesars chips have the least history, the design is the second worst (no one can take that from the Rio house mold IMO), and they have no real X factor.

I’m sure people would still like to have a set, but I’d be surprised if they fetch anywhere what the other chips fetch.

 

[ovo]

I haven't been following the wsop chips, and how they came to market, but I would think it was a rare opportunity, that would not happen with future wsop chips.

 

[ekricket]

I haven't been following the wsop chips, and how they came to market, but I would think it was a rare opportunity, that would not happen with future wsop chips.

I think after they saw the money in these that the “destruction” plan is being formed up front, and not being left for the cleaners to “clean”. Somebodies making plans to make bank already, you can count on it. It’s Vegas, that’s what they do.

 

[DirtyTIVA]

Where do I pre-order?

 

[chippitydoodah]

Nice chips but nothing spectacular.

These were from last year. I see there are some 5V chips this year.

 

[GamingWithChips]

Rios were very colourful which was appropriate given there logo, and these are very clean and understated, matching their logo as well.

I don’t know how you people get your hands on them, but if that happens, dibs!

 

[DirtyTIVA]

It’s true these are nothing special. But unlike the Rio chips I’ve played with these and have shuffled them for hours and hours. I like the black T100 most.

These are clay, in good condition, and maybe hopefully possibly going to be dumped because of the rebrand. Every other tournament I’ve played in uses ceramic or plastic that are often beat to hell.

Here’s to hoping for a shredder malfunction.

 

[Deucekies]

My friend's wife says the current chips are her favorite. All she really sees and appreciates are the base colors because that's what you see on tv. I'm actually starting to agree with her that the base colors are very nice, but unfortunately that's about all I can say about these chips.

If they hit the market, there will be people who want them just for the completeness of history, but I can't imagine a tribute set being made any time soon.

 

[ekricket]

My friend's wife says the current chips are her favorite. All she really sees and appreciates are the base colors because that's what you see on tv. I'm actually starting to agree with her that the base colors are very nice, but unfortunately that's about all I can say about these chips.

If they hit the market, there will be people who want them just for the completeness of history, but I can't imagine a tribute set being made any time soon.

lol, these have way more history and coolth but never got the tv commercials. Pics from @Bobb59 posts

 

[ovo]

I think after they saw the money in these that the “destruction” plan is being formed up front, and not being left for the cleaners to “clean”. Somebodies making plans to make bank already, you can count on it. It’s Vegas, that’s what they do.

I was actually going to add, money talks, so it wouldn't surprise me if future sets appear

 

[Jaxen]

I was actually going to add, money talks, so it wouldn't surprise me if future sets appear

Makes me wonder ... used WSOP cards are readily available retail, so why wouldn't GG batch up sets to sell themselves or in the market if they change the branding to something new?

 

[Deucekies]

Makes me wonder ... used WSOP cards are readily available retail, so why wouldn't GG batch up sets to sell themselves or in the market if they change the branding to something new?

I think the NGC is a roadblock. They require all discontinued chips to be destroyed. The fact that the Rio chips managed to be snuck out is a blessing that the NGC is probably not too happy about.

 

[Jaxen]

I think the NGC is a roadblock. They require all discontinued chips to be destroyed. The fact that the Rio chips managed to be snuck out is a blessing that the NGC is probably not too happy about.

I get the NGC intervention, but would they spend a lot of time on NCVs that would no longer be used in events?

 

[TikiTeddy]

I think the NGC is a roadblock. They require all discontinued chips to be destroyed. The fact that the Rio chips managed to be snuck out is a blessing that the NGC is probably not too happy about.

I thought it was cash chips that needed to be destroyed and tournament chips (since they have no value) could be sold or destroyed as up to the casino.

 

[Grimace]

I thought it was cash chips that needed to be destroyed and tournament chips (since they have no value) could be sold or destroyed as up to the casino.

I think this is true but if you already run the cash chips through a shredder might as well toss the tournament chips in as well. Used WSOP card setups are an easy sell. Who would ever want the chip?

 

[TikiTeddy]

If GG Poker ever pulled their head out of their @ss we would have such badass chips to buy…the Paradise ones, the 2 alternate styles during the Paradise tournament. They had another design I thought was really sweet. They have a market for all of them to be sold, I honestly think they don’t know that the market is strong to sell all those out.

 

[Grimace]

If GG Poker ever pulled their head out of their @ss we would have such badass chips to buy…the Paradise ones, the 2 alternate styles during the Paradise tournament. They had another design I thought was really sweet. They have a market for all of them to be sold, I honestly think they don’t know that the market is strong to sell all those out.
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Not knowing the market strength is part of it. The big part I think is that the logistics of selling and the money made isn't worth the hassle. Someone like the chip room or chip vault would need to buy the whole thing from them. That might make it worth the hassle for them.

 

[Machine]

I know a guy who placed 3rd in one of the Televised Omaha events. I bet he would be interested in a set.

 

[TikiTeddy]

Not knowing the market strength is part of it. The big part I think is that the logistics of selling and the money made isn't worth the hassle. Someone like the chip room or chip vault would need to buy the whole thing from them. That might make it worth the hassle for them.

or just one of us with the right contact at GG Poker/WSOP and the whole lot could be purchased. Good point about the hassle, but again I come back to them/us not knowing how to communicate and see what is possible regarding bulk lot sale of those discontinued chips. Just need a contact email; maybe someone on here knows of one

 

[doublebooyah85]

The Chip Room tried years ago and the gaming commissions said no. Only way these show up is how they did randomly on eBay. Before the Rios, the Binions WSOP made it out but those technically weren’t WSOP chips.

To answer the OP, yes there will be a market lol always a market for clay chips!

 

[Jaxen]

If what @Zmasterben shared previously about how many of the Rio chips got out (dude with access to the vault moved a bunch to a hotel room that got renovated before they could get them all out) is accurate, I have to believe casino execs heard about that and shared with other execs in those circles, and will be damned to let something similar happen again. Much like sports teams now want to control the secondary market for tickets ("If people are scalping them, we should get to scalp them too"), the Paris/Horseshoe/Caesar's/GG people would see it as a revenue stream, I imagine.

 

[doublebooyah85]

If what @Zmasterben shared previously about how many of the Rio chips got out (dude with access to the vault moved a bunch to a hotel room that got renovated before they could get them all out) is accurate, I have to believe casino execs heard about that and shared with other execs in those circles, and will be damned to let something similar happen again. Much like sports teams now want to control the secondary market for tickets ("If people are scalping them, we should get to scalp them too"), the Paris/Horseshoe/Caesar's/GG people would see it as a revenue stream, I imagine.

They are not allowed to sell them lol

 

[Jaxen]

They are not allowed to sell them lol

Gotta believe they'll spend a bit of time trying to find a way. At the very least they won't allow the "escape" from the Rio to occur again.

 

[DirtyTIVA]

Gotta believe they'll spend a bit of time trying to find a way. At the very least they won't allow the "escape" from the Rio to occur again.

Nah no one gives a shit if some defunct clay disks from a defunct casino make their way to a tiny corner of the internet where 250 people a day wax poetic about them. I bought stuff liberated from the WSOP just today. If someone gets their hands on a bunch of chips and wants to take my money for some they’re welcome to PM me.

 

[Jaxen]

Nah no one gives a shit if some defunct clay disks from a defunct casino make their way to a tiny corner of the internet where 250 people a day wax poetic about them. I bought stuff liberated from the WSOP just today. If someone gets their hands on a bunch of chips and wants to take my money for some they’re welcome to PM me.

I'm just thinking from the corporate side. If these meatheads dead from the neck up can make a nickel cost a dime, they'll do it. Monetize everything. And those wonks all talk to each other.

 

[Zmasterben]

The RIO chip leak was probably around an estimated 30K in chips. That was likely about 3-4% of the chips in the RIO's possession. The current WSOP chip count is around an estimated 1.15 million.

In order to sell these, the people who own the chips (btw we don't actually know who owns the chips) would have to setup logistics, advertising, inventory space, a shipping department, hire employees, and deal with distribution. They would also need to find thousands of people willing to pay enough money for their chips to make the business profitable. Businesses don't run on hope and are risk adverse. After all of these costs, the owner of the chips would need to make enough profit to both cover the cost of the next batch of chips they would need to order and have enough left over to make the sell off of the chips worth while. There is no way the owner of the chips are going to try and sell them for speculative profit.

The only way these will ever hit the market is if they need to be replaced because of a demand from the Nevada Gaming commission. The owner of the chips wouldn't sell them to the public, they would sell them to a 3rd party distributor like The Chip Room for probably around a quarter a chip. Jim would turn around and sell them to us for around $2 each for the lower denominations and common chips and $3-20 for the rarer stuff.

If these do ever come available to the public, I would bet a lot of money that the current owners of the chip would end up selling them for a loss based on what they probably paid GPI for them in the first place. There is no speculative business chip sell off coming.