L O f’ing L!!!
Like it compares at all!!!
It’s nothing but a lamest attempt to assuage the guilt that some are feeling.
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Classifieds..... now....... (2 Viewers)
- Thread starter TheBigTater
- Start date
L O f’ing L!!!
Like it compares at all!!!
It’s nothing but a lamest attempt to assuage the guilt that some are feeling.
links_slayer
4 of a Kind
I've been working on those since Dec. You can see it however you like, but there is no guilt here. LOL at you.
With authentic typo: your = you
I see. Arthur Schopenhauer said: "A pessimist is an optimist in full possession of the facts."
Whilst I agree that particular price was high earlier, like everyone says the price is set by the buyers really. If no-one bites then the price is kind of irrelevant.
I’ve personally gotten some of these new chips at what is really a fair market value. Granted it’s more than the original price, but those prices are price points paid on bulk casino orders.
Let’s not start pointing fingers again and dumping on the recent raffle and Pcf tourney set order.
I’ve personally gotten some of these new chips at what is really a fair market value. Granted it’s more than the original price, but those prices are price points paid on bulk casino orders.
Let’s not start pointing fingers again and dumping on the recent raffle and Pcf tourney set order.
Boils down to some people like to see darkness and conspiracy theories in everything... the reality is, most conspiracy theorists are a little whacky... well, except for the folks claiming aliens are real... pretty sure aliens exist. Amirite?
Sprinsd
Flush
links_slayer
4 of a Kind
what is fair market value? cost?
....and are notorious flippers.
While I realize this was irreverently sarcastic, I can't help it. Aliens definitely exist. That is not an interesting question. The interesting question is, have they been to Earth?
/derail
Sprinsd
Flush
$3.25 per chip. There! It’s settled. No more arguing, we came up with a price where both sides are happy...finally! PM me if you have tournament sets to sell....
#makechippingGreatagain (can we get this trending)
links_slayer
4 of a Kind
clever
We won’t know until we develop FTL space travel... the prime directive forbids it.
BeesKnees
Two Pair
I was under the impression that anytime there was a sale, regardless of the price per, that both sides came out happy.
I’ve never ever made a purchase (for non essential items) and felt the deal was a bad one. If I didn’t like the deal, I wouldn’t make it.
Not necessarily.
For example, I came back into the GB for the AS order. The primary reason I came back in (having been invited back) was that the ES cash set turned out to be so much better looking than I thought it could ever be (especially the $1). So I ordered an AS limit set. After delivery, up popped an opportunity to swap about half of those AS chips for ES cash chips, which I now lusted after. This left me with half the limit set, but not enough $1s to actually play a limit game, so they became trade/sale bait. These things happen...
As a second example, buyers sometimes realize after delivery that they are short of a particular denomination. Sometimes the only way to get particular chips is to buy an entire set which includes what you want. The extra chips then become trade/sale bait.
Neither of the above circumstances are necessarily the result of intentional initial over-buying.
As to pricing, it should be noted that larger (>1700 chips) sets of the “$1.50 chips” have already sold among the original buyers for over $3 per chip, so that value is pretty well established, without any evidence of anyone intentionally over-buying.
Also, as to pricing in general, it is well established that US poker chips being sold back to the US from Europe tend to be priced extremely highly. At least partially because of high shipping and tariff cost, that is to be expected. Only the buyer can judge the dividing line between the ridiculous and the sublime...
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It’s been said before, but the idea is that chip inflation is bad for the hobby. If people continually sell chips for higher prices, the market prices keep going up. And maybe that’s good for an investor or a flipper, but it discourages the average joe without deep pockets from entering the hobby. If you’re part of a community where you sell chips at cost instead of profiting off one another, then it’s more likely that somebody will sell you chips at cost, and keep playable sets available to somebody who just wants some nice chips for his home game.
Maybe it’s a little too utopian to work, but that’s the idea.
Jambine
Full House
I wish I was in a position to do some serious over-buying.
I started collecting chips & sets in 2004 (almost 15 years old).
I can't say i'm a rookie in this game.... but for me the real flippers is the oldest members who sale to the young bloods some chips like PCA or others Grand Victoria for indecent amounts.
I know here many members who buy some PCA chips (for exemple) when The Chiproom sale it for less of $1 a new chip !
At this time I buy a rack of 50cents PCA secondary for only $75 ! now what's the price of the flippers ?
I understand that some oldest regular members are sad for those who do not participate in GB.
I can't say i'm a rookie in this game.... but for me the real flippers is the oldest members who sale to the young bloods some chips like PCA or others Grand Victoria for indecent amounts.
I know here many members who buy some PCA chips (for exemple) when The Chiproom sale it for less of $1 a new chip !
At this time I buy a rack of 50cents PCA secondary for only $75 ! now what's the price of the flippers ?
I understand that some oldest regular members are sad for those who do not participate in GB.
That works pretty well in a stable market where supply keeps up with demand and prices typically don't change much. Under those conditions, it was pretty common to buy a set, and later sell it for about the same price as originally paid -- because the market hadn't changed much in the interim.
A lot has changed in the past 2-3 years that has caused the general prices of chips to increase and the prices of desirable sets to rise, sometimes dramatically:
- an influx of new chippers - and dollars - competing for a relatively finite number of chips/sets (increased demand)
- a stagnant period where few high-end sets were being introduced into the market, and no large casino chip releases ocurred (no increase in supply)
- GPI pulled out of the home market, and buyers scarfed up all existing stock (causing big spikes in the prices of home set chips)
- price increases in the cost of home sets then drove up the prices of casino sets, which are generally considered to be more valuable (and in shorter supply), which is a naturally-ocurring leveling of the market
BeesKnees
Two Pair
How is the amount “indecent” if it was agreed upon by the buyer?
WedgeRock
Royal Flush
I think I agree with your general principle, but not necessarily with this statement. Low(er) end hybrids and ceramics are more than reasonable. Hell, you can pickup used Paulsons for $1 per chip or less.
The average Joe without deep pockets may have less options and may have to be on the hunt longer, but there is a chip set for every chipper.
BeesKnees
Two Pair
How do you define cost? If a person spends hours every week searching through various classifieds trying to find a good deal on some chips, should their time not have some kind of attributed “cost”? What about when your money is at a very real risk during the purchasing process, should there not be some consideration provided for that?
The beauty of the whole thing is that the seller actually has ZERO say in what chips are ultimately worth, the buyer has all the power in setting the price.
When a guy buy a rack of PCA of 50 cents secondary new for $75 few years ago at chiproom and sale it now to the rookies for $600 a rack.
This is what i m really calling a flipper
Psypher1000
Straight Flush
Can't speak for others.
In my case, my current auction is a result of a) my Cavalry Clubs being purchased, and b) the top-off order getting scuttled.
Initially I was going to use the Empress Star set as my "one big set" but couldn't afford to buy what I wanted with the initial order. I'd have to split it into two - one initially very playable set, and then round it out with the top-off. But then that never happened and I was in search of a larger set to cover future need (and the golf game). Once I came to an agreement with the golf players, I actually pared down some of my Star sets to increase my AS tourney set and to pay myself back for my Cavalry Clubs, knowing I'd have to make a choice once they came in.
The CC's were expected in November/December, and had that occurred I'd have sold within the group. But they were delayed for various reasons and in that interim the Star chips were made fully public.
For my part, there was no intent to overbuy and sell for profit. I'm simply at a point where I no longer need them, and would prefer the money wrapped up in them go to something else (custom tourneys or other chip/hobby-related stuff). It just happens that I have a stronger attachment to my Empress chips than the ES set, so the ES set gets jettisoned. And since chip-related stuff isn't free - and especially since I had to take money from savings for surgery - I need to make a little coin where I can.
If I were going for maximum value I'd have done a reverse auction, set the initial price somewhere around $7k for the set, and dropped the price $100 each day. Instead, I set them at a more reasonable starting number and am letting the general market set their value.
In my case, my current auction is a result of a) my Cavalry Clubs being purchased, and b) the top-off order getting scuttled.
Initially I was going to use the Empress Star set as my "one big set" but couldn't afford to buy what I wanted with the initial order. I'd have to split it into two - one initially very playable set, and then round it out with the top-off. But then that never happened and I was in search of a larger set to cover future need (and the golf game). Once I came to an agreement with the golf players, I actually pared down some of my Star sets to increase my AS tourney set and to pay myself back for my Cavalry Clubs, knowing I'd have to make a choice once they came in.
The CC's were expected in November/December, and had that occurred I'd have sold within the group. But they were delayed for various reasons and in that interim the Star chips were made fully public.
For my part, there was no intent to overbuy and sell for profit. I'm simply at a point where I no longer need them, and would prefer the money wrapped up in them go to something else (custom tourneys or other chip/hobby-related stuff). It just happens that I have a stronger attachment to my Empress chips than the ES set, so the ES set gets jettisoned. And since chip-related stuff isn't free - and especially since I had to take money from savings for surgery - I need to make a little coin where I can.
If I were going for maximum value I'd have done a reverse auction, set the initial price somewhere around $7k for the set, and dropped the price $100 each day. Instead, I set them at a more reasonable starting number and am letting the general market set their value.
Yup, I get this & to a high degree empathize. And at the same time, I've realized it's just not realistic. I don't see chips as a proper investment and generally have no intent to flip chips. When I do, it's typically a good deal for both parties, such as when I farmed the Gulfports at the convention and turned them over to you well below maximum price & I still made a few dollars. But sometimes people are going to profit from chip deals, be it incidentally, intentionally, or somewhere in between, and I find it very difficult to tell someone they can't profit off of good circumstances or sell a product for maximum value, even if I don't like it. After all, the alternative is telling someone they should turn down hundreds, if not thousands, of dollars just because someone else wants them at a lower price. That's a *really* hard sell.
100x this.
You can't get a bum deal if you simply don't agree to one. You might not win the sale but that's the way capitalism works.
People are complaining about flippers and Belgrade is making the observation that some longtime members are among the worst "offenders".
For example, IF someone bought PCA chips for 1/ea a few years ago and then sold for 3/ea. it would be silly for them to complain about flippers and the general climate of inflation.
ChipEnvy
Full House
I think Millennials are getting into poker.
BeesKnees
Two Pair
Okay, maybe I misunderstood, the point isn’t so much “don’t sell things at the price the market is willing to pay”, but more “don’t complain about price inflation if you’ve benefited from said market”
If someone sold a rack for 600, then it's really the buyer that needs a check-up.
Multiple offers way below that have been posted in the last 6 months.
But if rookies don't want to take their time to learn, build relationships, progress in the hobby and finaly start building his/her dream set(s)...it's not the sellers fault.
Not that I would agree with that price, you have the dynamics of the situation wrong (imho)
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