Classifieds..... now....... (2 Viewers)

[TheBigTater]

Holy Moly, it's getting wild out there.

 

[kk405]

This is probably the new way GB, Group Sell, and pricing will work. As a promised non-flipper, buy at $1.5, sell for $7/chip, profit.

 

[Rhodeman77]

Correction, ASKING $7 per chip. Doesn’t mean he is going to get anywhere near it.

Realistically I can see them sell at about 1/2 that price, but I could be wrong.

Thy have been up for a 1/2 an hour and nobody snap bought them. Mostly people shocked at the asking price.

 

[RichMahogany]

Correction, ASKING $7 per chip. Doesn’t mean he is going to get anywhere near it.

Realistically I can see them sell at about 1/2 that price, but I could be wrong.

Thy have been up for a 1/2 an hour and nobody snap bought them. Mostly people shocked at the asking price.

$7 per chip is actually much less than the original posted price. People can ask for what they want but the original price was shocking to me.

 

[gopherblue]

I have no opinion of the price, but the seller is in France, I believe. So, off the top of my head, in addition to the actual chip cost, he had shipping to Europe, customs/duty fees of an outrageous amount, foreign exchange fees/costs, and, let’s not forget, risk of loss of his purchase money.

 

[manamongkids]

$7 per chip is actually much less than the original posted price. People can ask for what they want but the original price was shocking to me.

what was the original asking price? I must have missed it

 

[kk405]

$7 per chip is actually much less than the original posted price. People can ask for what they want but the original price was shocking to me.

Did he edit his own post and lower prices? I am curious what the original asking price was??

 

[RichMahogany]

what was the original asking price? I must have missed it

Did he edit his own post and lower prices? I am curious what the original asking price was??

PMs coming

 

[v1pe]

Yeah it's nuts in there right now. I picked a bad afternoon to post a wanted ad

I'd be surprised if those chips go for what is being asked. I guess if someone is willing to pay anything more than $4+ per chip for a whole set more power to them...I could never see myself doing it but folks can buy/sell at whatever price they wish in a free market.

@RichMahogany are you back on the grid?

 

[MD Mike]

$7 per chip is actually much less than the original posted price. People can ask for what they want but the original price was shocking to me.

That level of profiteering makes me very ill

 

[Mac128k]

I have no opinion of the price, but the seller is in France, I believe. So, off the top of my head, in addition to the actual chip cost, he had shipping to Europe, customs/duty fees of an outrageous amount, foreign exchange fees/costs, and, let’s not forget, risk of loss of his purchase money.

 

[oONemoOo]

Sow the Wind...
Flipping is now totally accepted by a majority of our community... Sad, very sad...

 

[BGinGA]

Flipping, as I understand it, is purchasing chips with the sole intent of reselling for profit, while by doing so simultaneously preventing others from purchasing said chips for personal use.

Pretty sure that's not totally accepted by a majority of our community.


Sellers can ask for any price they want, but it is the buyers who establish the prices. If they don't buy at that price, the chips don't sell at that price.

 

[orsonberger]

I'm lucky to be just a poker player not a collector, I'm also glad to have my chips purchased before the price increase, I still remember my regrets for buying a rack of Empress $ 1000 new primaries for $ 300, anyway it's hard for me to understand how low stacks players spend thousands of dollars in chips and then play with fracs but well I'm just an old man who only plays(y) :thumbsup:

 

[TheBigTater]

lol, obviously everyone thinks my meme/comment was complaining about some pricing of a particular bunch of chips or flipping, it wasn't.

I was referring to the sudden larger amount of action, WTS, WTB, auctions, sellers remorse cancellations, etc.. in a such a short amount of time. Seems like everyone decided to buy/sell/list all at the same time.

:

 

[GenghisKhan]

lol, obviously everyone thinks my meme/comment was complaining about some pricing of a particular bunch of chips or flipping, it wasn't.

I was referring to the sudden larger amount of action, WTS, WTB, auctions, sellers remorse cancellations, etc.. in a such a short amount of time. Seems like everyone decided to buy/sell/list all at the same time.

:

Actually that's how I interpreted your quote. Just a simple innocent "check out the classifieds action, lots of hot stuff available all at once". And maybe stuff we didn't think we'd see yet.

There's been a lot of awesome sets up lately, trying to make me open my wallet.

 

[JTBass]

I think that there are many that are coveting some of the larger more expensive sets that were posted, which resulted in interested members trying to sell to buy said set....not naming said set, its pretty obvious.

 

[upNdown]

Flipping, as I understand it, is purchasing chips with the sole intent of reselling for profit, while by doing so simultaneously preventing others from purchasing said chips for personal use.

Pretty sure that's not totally accepted by a majority of our community.


Sellers can ask for any price they want, but it is the buyers who establish the prices. If they don't buy at that price, the chips don't sell at that price.

I don’t think we need to get into semantics with flipping - I think I know it when I see it. But if you want to go there, let’s go.
1) purchasing chips with the sole intent of reselling for profit - the group buy was presumably comprised of experienced chippers. This is a group of people who know exactly how many chips the want per set, and also who know what sets are their “keepers.” If they’re selling now, it’s a very fair presumption that they bought, or overbought, with the intent of selling for profit.
2) preventing others from purchasing said chips for personal use - All we’ve heard is that the had to be kept small. Safe to assume that if somebody decided not to buy, somebody else would have been invited into the group? We’ve also heard that their were limits within the group to keep the purchase looking like a purchase that would be made for a boat. So if the quantities were limited, it’s safe to say that one person’s overbuying prevented another group buyer from buying.

So I’m comfortable calling this flipping. And I’m not looking to demonize anybody for flipping. It’s the American way. The sellers are the seniior members of our community and they think it’s okay. The buyers want the chips and are willing to pay the price, so they think it’s okay.
What I’m getting out of all this is that the prior impression I had if this being a community opposed to profiting off one another is not reality. And that I’d be a chump to resell chips at cost in the future - I should follow suit and extract every possible cent for every chip I sell.

 

[BGinGA]

the prior impression I had if this being a community opposed to profiting off one another is not reality. And that I’d be a chump to resell chips at cost in the future

I disagree, although it has definitely shifted more in that direction in recent years. And I guess you can call me a chump.

 

[MD Mike]

Look, I don’t like it, but a person can ask any price they want. To be honest, the seller in question is testing the waters.

There really isn’t anything wrong with it. Just makes me unhappy that the water is too deep for me.

 

[Mojo1312]

I don’t think we need to get into semantics with flipping - I think I know it when I see it. But if you want to go there, let’s go.
1) purchasing chips with the sole intent of reselling for profit - the group buy was presumably comprised of experienced chippers. This is a group of people who know exactly how many chips the want per set, and also who know what sets are their “keepers.” If they’re selling now, it’s a very fair presumption that they bought, or overbought, with the intent of selling for profit.
2) preventing others from purchasing said chips for personal use - All we’ve heard is that the had to be kept small. Safe to assume that if somebody decided not to buy, somebody else would have been invited into the group? We’ve also heard that their were limits within the group to keep the purchase looking like a purchase that would be made for a boat. So if the quantities were limited, it’s safe to say that one person’s overbuying prevented another group buyer from buying.

So I’m comfortable calling this flipping. And I’m not looking to demonize anybody for flipping. It’s the American way. The sellers are the seniior members of our community and they think it’s okay. The buyers want the chips and are willing to pay the price, so they think it’s okay.
What I’m getting out of all this is that the prior impression I had if this being a community opposed to profiting off one another is not reality. And that I’d be a chump to resell chips at cost in the future - I should follow suit and extract every possible cent for every chip I sell.

Wait a second. What about the group buy for the PCF five year anniversary chips that was open to the community?

 

[Sprinsd]

#makechippingGreatagain

 

[kk405]

lol, obviously everyone thinks my meme/comment was complaining about some pricing of a particular bunch of chips or flipping, it wasn't.

I was referring to the sudden larger amount of action, WTS, WTB, auctions, sellers remorse cancellations, etc.. in a such a short amount of time. Seems like everyone decided to buy/sell/list all at the same time.

:

Valentine's Day coming up...everyone is nervous and making lots of irrational decisions

 

[krafticus]

Well, they’re marked as sold....

 

[kk405]

Well, they’re marked as sold....

LOL. An optical illusion? Were they ever for sale? was it not $15/chip originally? then $7? up from a price of $1.50??? Was all this a mirage? we will never know. But to all the newbies, be careful of all the trickeries that may be going on these days.

 

[upNdown]

LOL. An optical illusion? Were they ever for sale? was it not $15/chip originally? then $7? up from a price of $1.50??? Was all this a mirage? we will never know. But to all the newbies, be careful of all the trickeries that may be going on these days.

I wouldn’t agree that there are any trucker it’s going on. I think people are just trying to get top dollar for their chips.

 

[Anthony Martino]

If I'm going to pay $2+/chip I'm getting myself CPC customs

 

[BeesKnees]

Every time the term “flipping” comes up I roll my eyes. Who is anybody to presume that they know the motivation behind a sale? If the classifieds are peppered with ads for a set of chips that you own asking to name your price, what is the harm in doing just that?

Even if a seller outright states that they are strictly doing this to make money on the buying and selling of a set / sets, and the set sells, there is still going to be a very happy buyer and proud new owner, a win for the community in my eyes.

If the same logic for not “flipping” was applied to the other side of the coin does that mean that there is some weird ethic that states that we should buy sets at whatever inflated price that seller originally paid? The original price that somebody paid should have nothing to do with the current transaction, the market was different then, the situations were different, there is always some inherent risk, and unseen legwork by the seller.

I would assume that the majority of us if we made any profit at all, would immediately funnel that money back into the community in the form of another purchase. Does that not also help the community?

Maybe I’m missing something here so please feel free to enlighten me.

 

[Meddler2]

Flipping, as I understand it, is purchasing chips with the sole intent of reselling for profit, while by doing so simultaneously preventing others from purchasing said chips for personal use.

Pretty sure that's not totally accepted by a majority of our community.


Sellers can ask for any price they want, but it is the buyers who establish the prices. If they don't buy at that price, the chips don't sell at that price.

Not everyone agrees with this definition.

As stated before, I am currently putting together a list of details and answers to common questions.

Is this ever going to occur?

 

[slisk250]

And that I’d be a chump to resell chips at cost in the future - I should follow suit and extract every possible cent for every chip I sell.

....and from the darkness you may come to know that chip karma is a real light shining onto the enlightened ones....