CrazyEddie
Full House
That black/red/yellow $20 hotstamp is totally hot, btw.
Windwalker’s Chipping Journey in Pr0n0grAph1C Detail (6 Viewers)
- Thread starter Windwalker
- Start date
OP
OP
I keep sourcing new $25s to match against the Golden Eagle $5s, and that’s a hard $5 to get into a decent progression. If I use the Savannah Sun $25, I’ll have swap out the hundo for a bearclaw, or a 614, maybe.
Favorite chip of this lot: These Ramada $25s are so beautiful.
Favorite chip of this lot: These Ramada $25s are so beautiful.
Last edited:
Those American Cruise chips look amazing!I keep sourcing new $25s to match against the Golden Eagle $5s, and that’s a hard $5 to get into a decent progression. If I use the Savannah $25, I’ll have swap out the hundo for a bearclaw, or a 614, maybe.
Favorite chip of this lot: These Ramada $25s are so beautiful.
View attachment 606933View attachment 606934View attachment 606935View attachment 606936View attachment 606937View attachment 606938View attachment 606939View attachment 606940
You need more of these Ramada chips, they are the correct chip for this set color wise and regarding edge spots.I keep sourcing new $25s to match against the Golden Eagle $5s, and that’s a hard $5 to get into a decent progression. If I use the Savannah Sun $25, I’ll have swap out the hundo for a bearclaw, or a 614, maybe.
Favorite chip of this lot: These Ramada $25s are so beautiful.
View attachment 606933View attachment 606934View attachment 606935View attachment 606936View attachment 606937View attachment 606938View attachment 606939View attachment 606940
They are hot stamped though?
OP
OP
They’re hotstamps, won’t work with a shaped inlay-predominant mixed set.
Rbonus012
Full House
Would be weird to mix a hot stamp into the middle of the set. I know you aren’t even remotely talking about murdering
Yeah, but unless someone is really passionate about Pasa Robles I'm sure a shaped inlay off of some fantasy location would be cool to add to these.
OP
OP
There are so few minty Ramada’s around, I don’t think that’s in the cards. These shall stay hotstamps.
To each his own. The $100s from this cardroom are really interesting.
Viva la Colombia!
AnteAndy
3 of a Kind
Love the $5 Golden Eagle.I keep sourcing new $25s to match against the Golden Eagle $5s, and that’s a hard $5 to get into a decent progression. If I use the Savannah Sun $25, I’ll have swap out the hundo for a bearclaw, or a 614, maybe.
Favorite chip of this lot: These Ramada $25s are so beautiful.
I keep sourcing new $25s to match against the Golden Eagle $5s, and that’s a hard $5 to get into a decent progression. If I use the Savannah Sun $25, I’ll have swap out the hundo for a bearclaw, or a 614, maybe.
Favorite chip of this lot: These Ramada $25s are so beautiful.
View attachment 606933View attachment 606934View attachment 606935View attachment 606936View attachment 606937View attachment 606938View attachment 606939View attachment 606940
I couldn't either... had 4 racks of the GE $5s (one of my favorite $5s of all time...love the inlay)... I know several people here have mixed sets using these chips, but I never found chips that I really liked as $25s, $100s, $500, and $1Ks for our game. Ended up selling them a while ago.
One suggestion is to find 25-30 more racks and turn it into a limit set
buffalojim
Royal Flush
Or please sell me two racks, me needs 5s
I'll get in that line. Probably should just sell off all your troublesome golden eagle $5's.Or please sell me two racks, me needs 5s
AfterTheFact
4 of a Kind
Love those American Cruises. Not sure they go with the $5’s but they are spectacular.
buffalojim
Royal Flush
I agree. Help me help you.
OP
OP
They don’t. Was just looking to see, if they might, but they don’t. I think it’s weird to go from a fat spot 3ta14 to a skinny spot 4ta18, seems less “substantial”.
@JustDave did give me an idea of creating a mixed set with all 3ta14 spots, though.
colter ripton
Full House
I think they go alright with those 5s. Not perfect but still pretty good
AfterTheFact
4 of a Kind
This. I don’t hate it at all. The right $100 could tie it all together
colter ripton
Full House
Regency cruise 100s maybe
superchromix
Full House
It will be interesting to see which set those Mizpah $25 will fit into
OP
OP
I wrote this essay a couple weeks ago in another thread (so you may have already seen / read it), but wanted to document it in my chipping journey thread for posterity and reference. I've modified it a bit to make context out of the thread it was in.
As the individual who has arguably spent the most money on PCF in the last few months on buying chips, I thought I’d share my perspective on some of the issues raised about the ever-increasing prices of chips. I believe these kinds of debates are essential to a collecting community, and it’s interesting to see the factions of opinions that exist.
A gentleman stated in an earlier post that “prices I am seeing are just straight stupid. [snip] Paulson's are made for considerably less than $1/chip”. One person argued with that literal price quote by waving a GPI catalog around, others agreed with the sentiment, and yet others talked about supply and demand as the challenge.
While the supply-and-demand argument is the fairest of them all, in my opinion, it’s just one factor that drives these prices – in a community of collectors (which we mostly are,) the price of the collectible has nothing to do with manufacturing value. We could make that same argument for comic books – it costs less than 30 cents on average to print a book, but the value assigned has nothing to do with printing costs, just like the value assigned to chips have nothing to do with manufacturing costs.
Different types of collectors value different things. Rigby and Rigby, in their history of collecting, argue for the consideration of polygamy (either serial or simultaneous) as a form of collecting, drawing a direct analogy when they state: “Henry VIII, specializing in wives and in tapestries, acquired six items in the first category and two thousand in the latter.”
Studies have posited a range of interrelated motivations for collecting. From a psychological perspective, Danet and Katriel suggest that collectors collect so as to pursue closure/completion/perfection, using five strategies to attain this goal:
1) completing a series or set; (which we do)
2) filling a physical space (for example, a wall in their house); (our chip displays)
3) creating a visually pleasing, harmonious display; (Pr0n)
4) manipulating the scale of objects (for example, collecting miniatures -- I don't have an equivalent in chipping yet); and
5) aspiring to perfect objects. (mint chips)
From a sociological perspective, others have suggested that collecting is done in part so as to achieve entry into and maintain status in a social group of similarly-minded persons.
The existence of psychological and group membership motives for investing in collectibles is what produces disparate beliefs about the likely financial rewards of this activity. Ask the proverbial person on the street about investing in collectibles and you will likely get one of two reactions. Reaction number one: “Collectibles can be a great investment, especially if you can figure out what the next hot market is. If only I had invested in Avedon photos (or baseball cards) before the market started going up!” Reaction number two: “Collectibles as an investment is a dumb idea! They’ve got to have a lower rate of return than a real investment like stocks. You buy collectibles to enjoy owning them, not to make money.”
Because of the nonpecuniary—perhaps even nonrational—rewards from owning collectibles, there is reason to think it may be possible to make extraordinary profits in this area. Collectibles are estranged from cost fundamentals, since production concerns are irrelevant once you are in the resale market, and the numbers of buyers and sellers involved may be relatively low. Such a market may be easy for a small number of persons to manipulate.
I think it comes down to the following additional considerations (after supply and demand):
Popularity: Something becomes collectible when it has a fan-base that generates demand for the item. The greater the fan-base and the more loyal the fans, the greater the collectability of that thing.
Scarcity: One of the reasons I bought up all the Cocaine Giraffes I could is because I knew in addition to how unique and awesome the chips were, their story and lack of use is extremely rare. The family drama adds intrigue. I rib Tom for not letting me have the rest of them, but the truth is, if I considered good collecting strategy, having a small batch of 1000 chips outside of my collection constantly change hands, be seen and coveted only takes the value of my own collection up more, instead of getting forgotten once I have them all.
Longevity: Does the story and set have “staying power”? This is the heart of the argument, for me, about the NAGB chips. A lot of the other chips that are seen as desirable came from real casinos or boats, with real stories. The NAGB chips have survived that scrutiny for a few reasons, I think. First, they’re damned good looking, and designed for playability; Second, there’s s PCF story behind them; designed by PCFers, now used by PCFers. And within PCF, that value is probably going to hold for a while, until the next batch of NAGB chips come in, and so on.
So why did I sell off all my NAGB sets? In my opinion as a collector, their collectible value is ephemeral. Once new NAGB-type sets come in, or other chip discoveries are made, I do believe they will drop from their current collectible values. The story behind them is fun and interesting, but it isn’t nostalgic or universally cool, like some of the leaded sets are.
Case in point, I recently bid/won an auction for ESST chips after I found out they were WSOP tribute chips -- it instantly changed the value of the chips, for me.
But, that’s ONE person’s opinion. Ultimately, all of the factors above, and of course, the average disposable income of new collectors, will determine what prices will be, and whether they will stay or climb. I am completely aware that there aren’t many people who collect chips who are willing to pay what I am sometimes willing to pay, to acquire something. But that’s literally the definition of a free market.
The key thing to know, which I hope most people do, is like most of us here, I buy for the love of chips and chipping, and almost nothing else.
Chipping -- The Evolution of a Hobby into a Collectibles Market
As the individual who has arguably spent the most money on PCF in the last few months on buying chips, I thought I’d share my perspective on some of the issues raised about the ever-increasing prices of chips. I believe these kinds of debates are essential to a collecting community, and it’s interesting to see the factions of opinions that exist.
A gentleman stated in an earlier post that “prices I am seeing are just straight stupid. [snip] Paulson's are made for considerably less than $1/chip”. One person argued with that literal price quote by waving a GPI catalog around, others agreed with the sentiment, and yet others talked about supply and demand as the challenge.
While the supply-and-demand argument is the fairest of them all, in my opinion, it’s just one factor that drives these prices – in a community of collectors (which we mostly are,) the price of the collectible has nothing to do with manufacturing value. We could make that same argument for comic books – it costs less than 30 cents on average to print a book, but the value assigned has nothing to do with printing costs, just like the value assigned to chips have nothing to do with manufacturing costs.
Different types of collectors value different things. Rigby and Rigby, in their history of collecting, argue for the consideration of polygamy (either serial or simultaneous) as a form of collecting, drawing a direct analogy when they state: “Henry VIII, specializing in wives and in tapestries, acquired six items in the first category and two thousand in the latter.”
Studies have posited a range of interrelated motivations for collecting. From a psychological perspective, Danet and Katriel suggest that collectors collect so as to pursue closure/completion/perfection, using five strategies to attain this goal:
1) completing a series or set; (which we do)
2) filling a physical space (for example, a wall in their house); (our chip displays)
3) creating a visually pleasing, harmonious display; (Pr0n)
4) manipulating the scale of objects (for example, collecting miniatures -- I don't have an equivalent in chipping yet); and
5) aspiring to perfect objects. (mint chips)
From a sociological perspective, others have suggested that collecting is done in part so as to achieve entry into and maintain status in a social group of similarly-minded persons.
The existence of psychological and group membership motives for investing in collectibles is what produces disparate beliefs about the likely financial rewards of this activity. Ask the proverbial person on the street about investing in collectibles and you will likely get one of two reactions. Reaction number one: “Collectibles can be a great investment, especially if you can figure out what the next hot market is. If only I had invested in Avedon photos (or baseball cards) before the market started going up!” Reaction number two: “Collectibles as an investment is a dumb idea! They’ve got to have a lower rate of return than a real investment like stocks. You buy collectibles to enjoy owning them, not to make money.”
Because of the nonpecuniary—perhaps even nonrational—rewards from owning collectibles, there is reason to think it may be possible to make extraordinary profits in this area. Collectibles are estranged from cost fundamentals, since production concerns are irrelevant once you are in the resale market, and the numbers of buyers and sellers involved may be relatively low. Such a market may be easy for a small number of persons to manipulate.
I think it comes down to the following additional considerations (after supply and demand):
Popularity: Something becomes collectible when it has a fan-base that generates demand for the item. The greater the fan-base and the more loyal the fans, the greater the collectability of that thing.
Scarcity: One of the reasons I bought up all the Cocaine Giraffes I could is because I knew in addition to how unique and awesome the chips were, their story and lack of use is extremely rare. The family drama adds intrigue. I rib Tom for not letting me have the rest of them, but the truth is, if I considered good collecting strategy, having a small batch of 1000 chips outside of my collection constantly change hands, be seen and coveted only takes the value of my own collection up more, instead of getting forgotten once I have them all.
Longevity: Does the story and set have “staying power”? This is the heart of the argument, for me, about the NAGB chips. A lot of the other chips that are seen as desirable came from real casinos or boats, with real stories. The NAGB chips have survived that scrutiny for a few reasons, I think. First, they’re damned good looking, and designed for playability; Second, there’s s PCF story behind them; designed by PCFers, now used by PCFers. And within PCF, that value is probably going to hold for a while, until the next batch of NAGB chips come in, and so on.
So why did I sell off all my NAGB sets? In my opinion as a collector, their collectible value is ephemeral. Once new NAGB-type sets come in, or other chip discoveries are made, I do believe they will drop from their current collectible values. The story behind them is fun and interesting, but it isn’t nostalgic or universally cool, like some of the leaded sets are.
Case in point, I recently bid/won an auction for ESST chips after I found out they were WSOP tribute chips -- it instantly changed the value of the chips, for me.
But, that’s ONE person’s opinion. Ultimately, all of the factors above, and of course, the average disposable income of new collectors, will determine what prices will be, and whether they will stay or climb. I am completely aware that there aren’t many people who collect chips who are willing to pay what I am sometimes willing to pay, to acquire something. But that’s literally the definition of a free market.
The key thing to know, which I hope most people do, is like most of us here, I buy for the love of chips and chipping, and almost nothing else.
Kain8
Flush
Fuck the haters.
- Joined
- Jul 12, 2020
- Messages
- 9,999
- Reaction score
- 14,671
chrismurda
Flush
Good read. Now my question is, would this lean more towards a Thesis or Dissertation amongst the PCF scholars?
OP
OP
It's neither, really. Either of those artifacts requires original research, which my post doesn't have.
It is interesting seeing the fractions of opinions. I may be off here but it has been my impression there is a fraction of opinion that believes prices should be set by the community and if chips are unavailable then increasing involvement in the community is the answer to finding the chips you desire. While I think there is some truth in that, and maybe what many enjoy about this forum, I think it does ignore supply and demand. Offering a higher price would be considered skipping the community involvement to achieve the same outcome.
I think we are missing something to better help determine value, but I don't know if that's possible. Our measure of determining value is anything but clear. I'm not familiar with other collecting communities - do they struggle with the same issue? Maybe since this is such a small niche market values are harder to determine.
I think we are missing something to better help determine value, but I don't know if that's possible. Our measure of determining value is anything but clear. I'm not familiar with other collecting communities - do they struggle with the same issue? Maybe since this is such a small niche market values are harder to determine.
Create an account or login to comment
You must be a member in order to leave a comment
Create account
Create an account and join our community. It's easy!
Log in
Already have an account? Log in here.
