At What Age Do You Start Releasing Chipsets Into Circulation? (45 Viewers)

[detroitdad]

There is probably already a thread discussing this. I'm to lazy to look it up. I have been thinking about this, and about the different answers that I will see. I know some collectors will be buried with their chips. That's fine.

I am 55. Not horribly old, not young either. I have 6 to 7 cash sets. I think they are all pretty nice. I don't need to keep them forever. There isn't anyone in my family that would be interested in acquiring them.

I am thinking that in about 10 years I will probably sell off most of my collection. I will do this for a couple of reasons. One, not to burden my family with selling them off if something happens to me. Also, I will be able to use the loot for something else.

 

[ekricket]

Age is an artificial constraint. Quit building jails.

 

[ThinkingFold]

One, not to burden my family with selling them off if something happens to me. Also, I will be able to use the loot for something else.

Knew a guy who was very into antique guns. When his time was getting near the end, he sold everything off for this very reason. Said he knew his kids weren't into them and would sell them off anyway so made sure they went to people who would truly appreciate them.

So I guess this is something to think about.

 

[BPTDirector]

I’m 68, stroke survivor, and think about this often. You make the same points I ponder all the time, no family interest, etc.

I have talked to one of my sons concerning the worth of my collection and he has an inventory with very fair pricing should something happen before I sell my chips off but it is something to consider.

 

[Tonystark137]

If one doesn't sell at a certain age point; I feel that at a certain age you should make sure there is a chipper you trust to sell your collection off should something happen.

 

[Highli99]

I’ll let probably just have my wife list them for sale on FB or craigs list with poor descriptions and grainy pictures and at a stupid low price and she can have fun with that.

 

[Tonystark137]

I’ll let probably just have my wife list them for sale on FB or craigs list with poor descriptions and grainy pictures and at a stupid low price and she can have fun with that.

Dibs. Maryland isn't that far

 

[DrStrange]

Maybe I'll have my chips buried with me. I'd need an extra-large casket for tens of thousands of chips.

Plus, selling a bunch of sets sounds like a lot of work. figure out what to sell and how to handle it. Pull out the chips from the vault. Take and post pictures. Run the sale. Deal with the occasional jerk and scammer. Find packing material, pack the sets up and get to the mail. Deal with post sale BS, reasonable and unreasonable complaints.

Oh - - Let's not forget about ambiguous "first right of refusal" based on some discussion from 2016. Some fellow popping up saying "I sent you a head's-up about this and now I think I am due some consideration."

I am exhausted just thinking about it. The feeding frenzy that would come from me opening my vault.

OH, the humanity!!! -=- DrStrange

 

[detroitdad]

If one doesn't sell at a certain age point; I feel that at a certain age you should make sure there is a chipper you trust to sell your collection off should something happen.

My son is instructed to contact @WedgeRock if something untimely happens to me!

 

[detroitdad]

Maybe I'll have my chips buried with me. I'd need an extra-large casket for tens of thousands of chips.

Plus, selling a bunch of sets sounds like a lot of work. figure out what to sell and how to handle it. Pull out the chips from the vault. Take and post pictures. Run the sale. Deal with the occasional jerk and scammer. Find packing material, pack the sets up and get to the mail. Deal with post sale BS, reasonable and unreasonable complaints.

Oh - - Let's not forget about ambiguous "first right of refusal" based on some discussion from 2016. Some fellow popping up saying "I sent you a head's-up about this and now I think I am due some consideration."

I am exhausted just thinking about it. The feeding frenzy that would come from me opening my vault.

OH, the humanity!!! -=- DrStrange

Not all of us have a vault of chips!

 

[chippitydoodah]

2025 Detroit Meet-Up/Live Auction

 

[iLogik]

I just started collecting…

 

[Machine]

My son is instructed to contact @WedgeRock if something untimely happens to me!

Between @gen_degen and my contact list, chips should be taken care of.

 

[BarrieJ3]

35.

 

[BarrieJ3]

Dad, do you have an estate and will planned on handling the house and the cars and the accounts and portfolio and retirement and insurance?

No son, but don’t worry! You won’t have to take care of poker chips.

 

[Schmendr1ck]

Age is an artificial constraint. Quit building jails.

Exactly. I'm in my mid-50s and act like a 12-year-old all the time.

 

[p5woody]

If something happens to me, I have a group of trusted chipper that will handle it. Oh who am I kidding, they will tell my wife they are all garbage and they will dispose of them for her to save her the hassle. They are just being nice guys.

 

[Schmendr1ck]

Maybe I'll have my chips buried with me. I'd need an extra-large casket for tens of thousands of chips.

Plus, selling a bunch of sets sounds like a lot of work. figure out what to sell and how to handle it. Pull out the chips from the vault. Take and post pictures. Run the sale. Deal with the occasional jerk and scammer. Find packing material, pack the sets up and get to the mail. Deal with post sale BS, reasonable and unreasonable complaints.

Oh - - Let's not forget about ambiguous "first right of refusal" based on some discussion from 2016. Some fellow popping up saying "I sent you a head's-up about this and now I think I am due some consideration."

I am exhausted just thinking about it. The feeding frenzy that would come from me opening my vault.

OH, the humanity!!! -=- DrStrange

Last time we played together, we made an arrangement that you would just send everything to me, and I would handle the sale and distribution for you. Don't you remember?

 

[Schmendr1ck]

Serious answer, @detroitdad - start selling them when you no longer enjoy them, or when the worry about what's going to happen to them becomes a mental or emotional burden. I wouldn't tie it to a specific age.

I'm always reevaluating, and I occasionally sell off chips that I don't enjoy or use much anymore. When I retire, I'll probably thin the herd and keep only 3-4 of my favorite sets.

Something you (and everyone else) can do today - make sure your family has contact info for a couple of trusted chipper friends. That way if something unexpected happens to you, they know where to go to get good info on the value of your collection, and they can make an informed decision on what and how to sell.

 

[SwissChip]

There is probably already a thread discussing this. I'm to lazy to look it up. I have been thinking about this, and about the different answers that I will see. I know some collectors will be buried with their chips. That's fine.

I am 55. Not horribly old, not young either. I have 6 to 7 cash sets. I think they are all pretty nice. I don't need to keep them forever. There isn't anyone in my family that would be interested in acquiring them.

I am thinking that in about 10 years I will probably sell off most of my collection. I will do this for a couple of reasons. One, not to burden my family with selling them off if something happens to me. Also, I will be able to use the loot for something else.

Sell one set.
If you don‘t miss it - buy new chips.
If you regret - buy it back.

 

[links_slayer]

Not all of us have a vault of chips!

there's still time!

 

[JMC9389]

$69

 

[SwissChip]

detroitdad not detroitdead!

 

[shorticus]

My son helped me with my semi-custom tribute set to my grandpa. Ironically, this week he said, “dad, when I get older my son will help me clean our chips too.” So that set will hopefully be passed down.

Everything else, in the case of something untimely, my wife knows a few of my chipper friends to reach out to for assistance.

…glad I won’t be here when she finds out how much they are worth.

 

[mike32]

My son is instructed to contact @WedgeRock if something untimely happens to me!

I have a similar last longer deal with @Boother36

 

[warma]

First, you are way too young. I’m right behind you and I’m adding (albeit, I have significantly fewer sets than you).

Second, you haven’t seen those retirement home stories? Old folks playing poker and loving it! You’ll be The Sigma at the home getting a regular game going with all those sets. Trust.

Third, the chips are yours, not theirs.

My recommendations:

If you don’t want to sell them, don’t.

If you don’t use them or find yourself forgetting that you had certain sets, try selling a set or two and see how you feel.

If you’re worried about making it hard on your family to sell them, then either a) tell them not to worry about it and lump them in the estate sale or b) point them here and give them some trusted folks that would help (if they’re still around). But most importantly, give them permission to offload them and not feel mentally burdened by the obligation to maximize sales price.

My great uncle collected coins, all kinds from US Mint and the Franklin Mint stuff. Had tons of them. When he passed, my father tried to value and figure out how to sell them, because he thought there was value there. It was way too hard. He kept them in storage for years, paying to try to sell them! He finally gave up, found a shop, and offloaded them cheap. All that agony and cost for nothing. Be kind, rewind. And relieve your family of that burden.

 

[Moxie Mike]

There is probably already a thread discussing this. I'm to lazy to look it up. I have been thinking about this, and about the different answers that I will see. I know some collectors will be buried with their chips. That's fine.

I am 55. Not horribly old, not young either. I have 6 to 7 cash sets. I think they are all pretty nice. I don't need to keep them forever. There isn't anyone in my family that would be interested in acquiring them.

I am thinking that in about 10 years I will probably sell off most of my collection. I will do this for a couple of reasons. One, not to burden my family with selling them off if something happens to me. Also, I will be able to use the loot for something else.

I'm 45 so I guess I've got a while before I need to think about the fate of my worldly possessions... but I imagine my youngest son will wind up with all my poker gear at some point. He's taken quite an interest in the game... and although he doesn't care much about the chips per se - I'm sure he'll appreciate them when it's his time.

Failing that, if something were to happen to me in the near term and my family needed the money, I imagine there are at least a handful of PCFers who would help them liquidate the collection.

 

[allforcharity]

I started paring back a bit last year. I think 5-10 years is a reasonable range to start minimizing. I only have 1 extraneous set, though.

 

[Tight_Lay_DOWN]

That is a conundrum for any of us here. for me, if I have an object or chips I try to decide if i am either collecting or keeping. Collecting for me is having something in pristine condition or original conditionthat I never use and might want to pass down or sell later at a premium.

I have friends that are car collectors that never drive the cars. I have friends that are firearms collectors, and have never shot one round through some of the firearms they own.

Fortunately, for me, I am more of a keeper. I keep things that I use. I’ve never really been a collector of sorts but when I have nice things, I’d like to use them as they were intend to be. When I stop using the items that’s why I want to Give them away or sell them.

When I stop using poker chip sets I give them to people who will use them, or sell them to people that want them.

That’s what I do, it just comes down to when I stop using them or I realize I won’t be using them. That’s when they go. Everyone is different and as I say, your mileage may very.

Your question or thought really hits home to me as I acquired 2sets of Tiger Palace. I thought that once I started this chipping, hobby it would be a good time to start collecting.One set I use, the other set has not been felted. This week I saw the unused set and I thought, “what am I doing, if I’m not using them they’re not bringing me any enjoyment, just sitting there looking at them seems like a waste, maybe if I’ve kept single chips, mounted in display cases would be enjoyable to me, but entire sets just sitting there going unused, it just seems out of place for me.”

This is me, I can’t answer for you, but I can let you know someone else’s perspective.

See you at the meetup.

 

[Irish]

I think it really depends on how you plan to continue your poker journey through retirement. If you have no plans to stop hosting or hand off the hosting reigns, why sell things off if you’re still enjoying them? We’re talking a few boxes of items, not property or a pet that will take someone a good deal of effort to deal with if something were to go south.

Until you physically don’t need them, or the “hassle” of owning multiple sets outweighs your enjoyment of them, I say keep them.