Chip Picking (2 Viewers)

This seems to come up from time to time. The simplest thing to do is follow free market behavior and let People do as they please.

Prices will set themselves.

That being said, if a member explicitly states that prices are set to allow PCF members to enjoy chips for a bargain price, flipping is extremely bad taste and likely deserves the wrath of others. Jim at TCR comes to mind and I think it poor form to abuse his generosity for personal gain.
 
You're good. The flipping that pisses us off is when the community gives a good deal to us chippers, then you buy with intent to immediately mark up to community or eBay. Worse when buying a large set that's out of price for most members, then immediately splitting. Also bad when Jim (chip room) hooks us up, then reselling...

I might add, I bought the Bahamias and am very happy with them. There are other chips that I'd love to get ripped off on...Reno Hilton Paulson tourney chips come to mind. Or Aztar tourneys... Once my wallet recovers.
 
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Yes, I too saw an eBay set of Bahamia chips that went for a pretty nice price. I resisted . . . .

Finding public auctions / advertisements and buying up bargains seems like a fine plan to me. Of course, I can't hardly ever resell such bargains but for those who can let their finds go to a good home, it seems perfectly acceptable to mark things up.
 
I think the issue I have when members buy chips from the chiproom at chiproom prices for the sole purpose to resell them on eBay or back at an inflated price within the community. This strategy takes chips away from other collectors who could use them. Maybe I am bitter I wasn't able to get a set this last chiproom offering but if I recall, over at the other site one or two members who were notorious for doing this. Eff that and eff them.

Buying chips outside the community either through Craigslist or another means then reselling them on this forum is fine IMO. I don't think anyone expects one to resell them here what they paid for them.

I am not too fond of auctions on this site. It simply translates to "let me see what's the max I can gauge out of someone." Simply set a price you deem fair and let's move on.
 
Thank you again to everyone for reading this thread and sharing your opinion. I truly appreciate the feedback.

I am glad that my initial sentiment shared in the OP was validated and that this was generally deemed not to be out of line. Only 1 person considers me an asshole, but at least I'm a 24 karat asshole, so I consider that a pretty special distinction.

I started this thread so people didn't begin to ask questions when I posted random chips. To @slisk250's point, the ultimate goal is to develop relationships and not have to post anything and find buyers via PM.

Honestly, I just enjoy scouring the various classified sites for quality chips, communicating with sellers (many of whom are good people with cool stories), and presenting these chips to you fine folks. There will be times when I pay and get no chips, or I buy something that no one wants, and I'm fine with that. If it gives me the opportunity to develop a rapport with PCF members that I otherwise would not have exposure to, then that's all I could hope for.

Keep a lookout for the "Chip Pick" designation in the classifieds to indicate the type of chips described in this thread. I don't expect to be posting chips often, but when I do, hopefully it is something you find interesting.

Thanks again!
Dan
 
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Why do I feel like I got sucked into an infomercial?
Low on chips? Feeling inadequate when you display your sets? Have you been accused of chip flipping? Please stay tuned for an exciting offer that just may help solve all your problems!!

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Low on chips? Feeling inadequate when you display your sets? Have you been accused of chip flipping? Please stay tuned for an exciting offer that just may help solve all your problems!!

Introducing Chip Picks!! An exciting new way to buy and sell chips on the open market!! And here to tell you more about this exciting new venture allow me to present MegaTon44!!
But wait, there's more! If you buy within the next 30 minutes, I'll double your order!

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I am not too fond of auctions on this site. It simply translates to "let me see what's the max I can gauge out of someone." Simply set a price you deem fair and let's move on.
I don't think that's always the translation. An auction could also translate to, "I don't know what price is fair and I don't want to hose myself (or anybody else)." Along the lines of not hosing anybody else: an auction provides an opportunity for everybody who sees the auction to be part of the sale whereas an ad is generally first-come, first-served. And if you're not first, you're out, even if you were willing to pay more for the item(s).

So an auction may leave some feeling hosed because of price, but an ad can leave some feeling hosed because of timing. An auction also helps the market determine the price of stuff (as opposed to yet another thread titled, "What are these worth?")
 
I don't think that's always the translation. An auction could also translate to, "I don't know what price is fair and I don't want to hose myself (or anybody else)." Along the lines of not hosing anybody else: an auction provides an opportunity for everybody who sees the auction to be part of the sale whereas an ad is generally first-come, first-served. And if you're not first, you're out, even if you were willing to pay more for the item(s).

So an auction may leave some feeling hosed because of price, but an ad can leave some feeling hosed because of timing. An auction also helps the market determine the price of stuff (as opposed to yet another thread titled, "What are these worth?")

Whether I'm a fan of the auctions or not you make a very solid point. I don't participate in them personally. Of course it helps that my chip budget isn't very large. If the chips are worthy of being in an auction the odds are I can't afford them :(
 
I don't think that's always the translation. An auction could also translate to, "I don't know what price is fair and I don't want to hose myself (or anybody else)." Along the lines of not hosing anybody else: an auction provides an opportunity for everybody who sees the auction to be part of the sale whereas an ad is generally first-come, first-served. And if you're not first, you're out, even if you were willing to pay more for the item(s).

So an auction may leave some feeling hosed because of price, but an ad can leave some feeling hosed because of timing. An auction also helps the market determine the price of stuff (as opposed to yet another thread titled, "What are these worth?")

This view coming from one of the most respected chippers on this site does makes sense. I've softened my view of the auction. I might even run one if all the proceeds go to charity (a strong possibility for a set in summer) However, I still do not like the auction flip combo. There are a few of them with some Horseshoe chips. We all know what was paid just a short while ago. Auctions right after a Chiproom sale are bad form.

But I guess its OK to make your money that way. I hope it is also OK when I list future sale ads that can only be purchased via PM, messages from flippers are ignored.
 
....But I guess its OK to make your money that way. I hope it is also OK when I list future sale ads that can only be purchased via PM, messages from flippers are ignored.

Most of us probably have preferences as to how others should sell their chips. :cool:

I don't enter PCF auctions unless they're for charity, and I never respond to sales ads looking for offers by pm.

And I'm with you, in that when I start selling off my small hoard, sales to known flippers will not be considered -- nor will anyone on the T.Rump side of the PCF poll thread. :eek:
 
I hope it is also OK when I list future sale ads that can only be purchased via PM, messages from flippers are ignored.

I think this is where things are headed. I know people are definitely watching whats going on with the horseshoes. If I ever decide to sell any of my big sets it will probably be invite only.
 
Most of us probably have preferences as to how others should sell their chips. :cool:

I don't enter PCF auctions unless they're for charity, and I never respond to sales ads looking for offers by pm.

And I'm with you, in that when I start selling off my small hoard, sales to known flippers will not be considered -- nor will anyone on the T.Rump side of the PCF poll thread. :eek:


...and let me qualify the sale by PM. The price would be listed to the public. No offers.
 
Just curious if the "flipper" label applies to all chippers equally?

Do I get a pass if something happened in my personal life that makes me need to sell chips? And if it does, what markup am I allowed before I get tarred and feathered? Does that markup change based on how long I've been a chipper? How about if some of the chips I sold at presale prices were then immediately flipped? What does that say about the chipper?

Chip karma, name calling, the pitchfork crew, ganging up on people and the ultra-secret Illuminati club of members trading chips below cost are all fucking ridiculous.

It's all bullshit clique behaviour - the same shit that started on big blue and contributed to many good people leaving.

We all know the Silks level type of flipper and they should be shunned (actually they should be banned but what the hell do I know)...but the average chipper who buys chips and maybe gets some extra to sell to offset the cost? Or buys a set and doesn't like it. Who cares - well, I guess we know who cares...

I got divorced last year and had to dump a pile of chips to pay for the lawyer fees and to not lose my house - chippers had no issue paying below market prices because I needed to move the chips...a bunch of which I saw flipped a couple months later for more money. What about those people? Is that ok? How long does the statute of limitations last there? How long in any sale?

I bought a pile of the Horseshoes hoping to build a big, multi-table set but realized I don't like the condition of the 5's and 25's (and hate the secondary 25 - 500) and now I'm dumping them. So I should sell them only at pre-sale prices or get ostracized? How about the fact that since I bought the chips I paid $700 in shipping and taxes? Can I factor that in? How about that my car was keyed and then all the tires slashed? Do I get sympathy then? What markup can I use? That's not even taking into consideration that my gf's car was also hit - and that her father is in the hospital with throat cancer (yeah, we have free health care but she has to drive 30 min each way to visit and pay for parking at $20/day). Is that a larger markup before the pitch forks come out?

All those above with their "private by invite only sales"...you going to sell them for EXACTLY what you paid for them? Or will it be for more?

I've been around this community for a long time and have bought and sold a fair amount of chips...some at a gain and some at a loss. I've also spread the love in other ways - usually by PM and quietly...I've helped with stamping, shipping, completing sets, and other kind acts but none of that matters if I sell chips at what the market has determined the price to be.

Enjoy the moral superiority - I only wish we could all live up to it (or give a shit about something a little bit more important than what little timmy is selling his chips for).
 
I think the negative type of flipping is more like what went on with the recent Chip Room sale. Folks knowingly bought way more than they needed at bargain prices from Jim. He obviously had to put in a lot of time and work to broker the deal to purchase the chips from Cleveland Horseshoe. Then folks turned around and relisted these chips here and on eBay. I saw members selling the big denom chips for $30 per chip after buying them for $5-15 bucks. Very bad taste in my opinion. Not only is it an insult to folks here who were trying to complete playable sets to enjoy the hobby, but it really is insulting to Jim at TCR. You are basically bucking his good services here and making money off his back. My opinion of course. I don't think it's cool at all. (n) :thumbsdown:
 
Just curious if the "flipper" label applies to all chippers equally?

No

Do I get a pass if something happened in my personal life that makes me need to sell chips? And if it does, what markup am I allowed before I get tarred and feathered? Does that markup change based on how long I've been a chipper? How about if some of the chips I sold at presale prices were then immediately flipped? What does that say about the chipper?

Yes, you get a pass (no intent, no foul IMO). And the others who buy your chips with the intent of immediately flipping them at a higher price suck.

Chip karma, name calling, the pitchfork crew, ganging up on people and the ultra-secret Illuminati club of members trading chips below cost are all fucking ridiculous.

It's all bullshit clique behaviour - the same shit that started on big blue and contributed to many good people leaving.

We all know the Silks level type of flipper and they should be shunned (actually they should be banned but what the hell do I know)...but the average chipper who buys chips and maybe gets some extra to sell to offset the cost? Or buys a set and doesn't like it. Who cares - well, I guess we know who cares...

This

I got divorced last year and had to dump a pile of chips to pay for the lawyer fees and to not lose my house - chippers had no issue paying below market prices because I needed to move the chips...a bunch of which I saw flipped a couple months later for more money. What about those people? Is that ok? How long does the statute of limitations last there? How long in any sale?

I bought a pile of the Horseshoes hoping to build a big, multi-table set but realized I don't like the condition of the 5's and 25's (and hate the secondary 25 - 500) and now I'm dumping them. So I should sell them only at pre-sale prices or get ostracized? How about the fact that since I bought the chips I paid $700 in shipping and taxes? Can I factor that in? How about that my car was keyed and then all the tires slashed? Do I get sympathy then? What markup can I use? That's not even taking into consideration that my gf's car was also hit - and that her father is in the hospital with throat cancer (yeah, we have free health care but she has to drive 30 min each way to visit and pay for parking at $20/day). Is that a larger markup before the pitch forks come out?

All those above with their "private by invite only sales"...you going to sell them for EXACTLY what you paid for them? Or will it be for more?

Yes, and I have. But to clarify, I am not trying to say I will never profit off the sale of chips. If I want to get maximum ROI, I will list them in the classifieds or on eBay. If I am willing to sell chips at below market value, then it will most likely be behind the curtain.

I've been around this community for a long time and have bought and sold a fair amount of chips...some at a gain and some at a loss. I've also spread the love in other ways - usually by PM and quietly...I've helped with stamping, shipping, completing sets, and other kind acts but none of that matters if I sell chips at what the market has determined the price to be.

You have been around much longer than I have, and maybe its right, or maybe its wrong, but I think legacy counts for something. I have never even considered you a Silks type and don't feel any pitchforks have ever been pointed your way

Enjoy the moral superiority - I only wish we could all live up to it (or give a shit about something a little bit more important than what little timmy is selling his chips for).

Not trying to start a beef, but I was defiitely one of the "above", so thought I would respond. There are clearly much bigger things in life, and it sounds like you've been dealing with a number of them. I come to this forum for the Chip "talk", and sometimes get caught up in the other posts. I don't think a conversation on Flipping is necessarily out of context for this forum.
 
I think many are reading in to this wrong. Basically the so called Illuminati is not that. I see them as members helping members. I personally would not sell chips to flippers at a reduced rate either. I have been able to make great deals in the past. If someone has helped me I do not feel making a big profit on them is right. Hell I have given chips away. The thing that pisses me off is what was said earlier. Over buying with the intention of reselling at a profit. That is just shitty!!! Depriving others from buying a set just so you can make a profit. Now regular sales is a different case. There is nothing wrong with selling for fair market value. Wow sorry about that but I just cussed on this forum.

Everyone needs to chill out and do what you do. There are no special clubs just chippers that communicate with each other trying to help the community and keep the cowens at bay.

Anyway- I am off the proverbial soap box and want to get back to chips!!

Chip On!
David O
 
I recently "flipped" a set of horseshoe because the fast cash I could generate made life a lot less stressful given a few unforeseen circumstancs. Whether or not this makes me ban-eligible from any future ChipRoom sales is TBD I guess. It's also one of two transactions I have profited from in my 10+ years of chipping. The other being a stack of PNY primary $500s that I saw listed on eBay w/ a BIN of $19.99 plus free shipping. They were barely out of my mailbox before I had them sold for a profit amounting to one crisp Benjamin (~$6/chip was the going rate back then).

It's tough (impossible?) to gauge intent but there are certainly folks who seem to be in the game more for the money than the passion/fun/hobby/etc. They know who they are and we know who they are. You don't want to buy from them? Don't. You don't want to sell to them? Don't. They're gonna do what they do no matter what we say to or about them.

At the end of the day, it's only money this is poker.

[I hope some of the old-timers really appreciate that line of pure solid gold - unless I got that backwards...??]
 
I got divorced last year and had to dump a pile of chips to pay for the lawyer fees and to not lose my house - chippers had no issue paying below market prices because I needed to move the chips...a bunch of which I saw flipped a couple months later for more money. What about those people? Is that ok?

Sorry to hear that.

Inspired by a post I saw by another member about possibly releasing some Paulsons to market at reasonable prices to help out new chippers, I had a feeling of goodwill a while back and released some chips at the very bottom end of market price. Of course they were listed on eBay for up to 2.5x the price about 3 weeks later. Some were even listed back on here for profit right in front of my eyes.

I just let it go but fact is, it kinda broke my generosity and now I (unfortunately) will not be selling anything on here cheaply again. It's completely my fault. Don't get me wrong, I'm not angry, nor am I judging anyone. We all do as we do. Also, as links just said, it's tough to gauge intent. But some scenarios do seem black and white to me.

That said, OP, I don't believe there's a problem with the scenario you describe. Gotta admit, if I'd managed to snag that 500pc set of Proteges on eBay for $79.95 a while back I would have probably listed them on PCF for a 1000% profit (raffle I reckon). Right place, right time, it's kinda like winning the lottery or something.

Don't even get me started on Horsehoes. Missed both sales & now I'll never be able to afford any of those gems based on prices I'm seeing here. It's fine, I'll eventually convince myself I don't like them.. Those oversized $1000s with gold dots. Horrid. Just horrid. Make me vomit :(
 
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Most of us probably have preferences as to how others should sell their chips. :cool:

I don't enter PCF auctions unless they're for charity, and I never respond to sales ads looking for offers by pm.

And I'm with you, in that when I start selling off my small hoard, sales to known flippers will not be considered -- nor will anyone on the T.Rump side of the PCF poll thread. :eek:
Unreal
 
but the average chipper who buys chips and maybe gets some extra to sell to offset the cost

This denies people who actually wanted to get chips at the chiproom prices the opportunity to get them just so they can profit off future sales - which is very bad form and very selfish.

Also selling for a profit to offset costs probably means that they pay even less than what they paid for at the chiproom sale prices, while everyone else would have to pay more to buy or complete a set at the secondary market rates.
 
I may be stepping out of line... but what about site vendors that buy and resell at a marked up price
...

So, is there a contradiction that Jim sold only a portion of his high denom chips in the pre sale, and then chose to take the remainder to eBay? Isn't that just what some of you are denouncing? Is it ok since Jim can do what he wants with his property? And, if so, isn't that what the so called "flippers" are doing?

For the record, I am a fan of the free market. The chips are worth just exactly what someone is willing to pay for them. If you choose to sell them for less, then fine. If Jim wants to sell his chips at market rate, then good for him.

We all had a shot at buying some chips at what most would agree is below market. Some of us won the race & some didn't. Don't complain. Do better next time. Ever try to buy front row tickets to a popular concert?
 
So, is there a contradiction that Jim sold only a portion of his high denom chips in the pre sale, and then chose to take the remainder to eBay? Isn't that just what some of you are denouncing? Is it ok since Jim can do what he wants with his property? And, if so, isn't that what the so called "flippers" are doing?

For the record, I am a fan of the free market. The chips are worth just exactly what someone is willing to pay for them. If you choose to sell them for less, then fine. If Jim wants to sell his chips at market rate, then good for him.

We all had a shot at buying some chips at what most would agree is below market. Some of us won the race & some didn't. Don't complain. Do better next time. Ever try to buy front row tickets to a popular concert?

I was actually referring to a different vendor
 
It's definitely not as simple as some people would make it out to be.

We think it should be fair, so Jim puts limits, both in amounts and percentages.
The goal is two-fold:
1) so nobody buys ALL of the most desirable chips and flips them, and
2) so the maximum number of people get to buy chips

BUT

The result in this sale seems to be bad. The limits insured that NOBODY got to build a full blown tournament set with the desirable big chips. At the same time, it created the maximum amount of people with partial sets. So what happens when you have a whole lot of people trying to get the last few remaining chips available to complete their set? The prices skyrocketed.
I don't know what the solution is.
 
It's definitely not as simple as some people would make it out to be.

We think it should be fair, so Jim puts limits, both in amounts and percentages.
The goal is two-fold:
1) so nobody buys ALL of the most desirable chips and flips them, and
2) so the maximum number of people get to buy chips

BUT

The result in this sale seems to be bad. The limits insured that NOBODY got to build a full blown tournament set with the desirable big chips. At the same time, it created the maximum amount of people with partial sets. So what happens when you have a whole lot of people trying to get the last few remaining chips available to complete their set? The prices skyrocketed.
I don't know what the solution is.


Sell in sets only just like the black Friday deals and limit the sets per household.
 

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