Controversial Chip & Poker Opinions (85 Viewers)

[Poker Zombie]

Requesting "PayPal Friends and Family" on any purchase that costs more a night's worth of buy-ins.

It's a $7500 rack of chips, and I don't know you. I'll take my gambol on the table not on a stranger and the USPS.

 

[monkeydog]

Best part of the H mold is how the top of the H is a perfectly round dot. Love it!!

 

[Highli99]

The 3d files are available for download here:
Post in thread 'OED's models for 3D printing poker stuff'
https://www.pokerchipforum.com/threads/oeds-models-for-3d-printing-poker-stuff.50673/post-967604

The harder part is finding someone with a printer willing to give it a go.

 

[bernielomax]

True chipping retirement only exists for those who are 6 feet under.

Stop lying to yourself.

 

[warma]

Broken in H molds look and feel THE BEST!!!

100 from 2011, 500 from 2023:

View attachment 1195131

View attachment 1195126

From playing or are these shuffle stacks?

 

[SteveEH]

From playing or are these shuffle stacks?

That 100 is from my shuffle stack. Here's a random from playing:

 

[binoclard]

Broken in H molds look and feel THE BEST!!!

100 from 2011, 500 from 2023:

View attachment 1195131

View attachment 1195126

Gorgeous! I have yet to decide what I would choose for my custom set between Small Crown, or Diamond Square, or H-Mold… Your picture adds a ton of weight in the balance. Thanks!

 

[SteveEH]

Gorgeous! I have yet to decide what I would choose for my custom set between Small Crown, or Diamond Square, or H-Mold… Your picture adds a ton of weight in the balance. Thanks!

That 100 is from a shuffle stack but I posted a random 100 here:

https://www.pokerchipforum.com/threads/controversial-chip-poker-opinions.83207/page-87#post-2274371

I've had shuffle stacks of all 3 of the molds you're considering, and I like H the best for 2 main reasons:

1. I like the feel of more of a recessed center of the chip. It's a more prominent feel than the others.

2. Diamond Square's debossed inner ring is so small that off center circular inlays can fall over its edge. This tilts me personally, but for hot stamps or shaped inlays I'd probably use it over the H mold.

In general, the H mold feels more substantial to me with a lot of flat surface between the outer debossed ring and the edge.

Hope that helps, but get samples of course.

 

[upNdown]

All of this goes away if we simply determined objective condition standards for chips/descriptions.

You know, like other hobbies where millions of dollars are spent every year and condition highly matters.

I OBJECT!
If you focus more on condition you will discourage people from playing with their chips. You'll be encouraging people to buy chips as investments to sit in vaults.

 

[andrebttx]

How the eff do you people have more than one hobby.

So that I have things to sell for chips, obviously.

 

[Gunnar]

have to say that the average PCF user probably can’t be trusted to make something that doesn’t look like thrown up Lucky Charms

I agree

 

[DirtyTIVA]

Requesting "PayPal Friends and Family" on any purchase that costs more a night's worth of buy-ins.

It's a $7500 rack of chips, and I don't know you. I'll take my gambol on the table not on a stranger and the USPS.

I’m not taking G&S so I can be taxed 51% of the sale price. That 3% fee is not even close to the issue.

PPGS is an absolute dealbreaker for me unless the price is peanuts and FF is not available for someone international.

 

[Josh Kifer]

And back to my point. If you’re a vendor on here selling for profit you should take returns. Conditions are difficult to agree upon.

Maybe if it’s the scale of TCR, 15% restocking fee.

No dice! No refunds on milling!

 

[upNdown]

No dice! No refunds on milling!

Put my clay back!!!

 

[andrebttx]

I agree

I’ll stand by it out of context!

 

[Poker Zombie]

I’m not taking G&S so I can be taxed 51% of the sale price. That 3% fee is not even close to the issue.

PPGS is an absolute dealbreaker for me unless the price is peanuts and FF is not available for someone international.

I understand the taxable portion of the transaction.

Keep records. Write off the amount paid vs the amount sold for. You are asking others to take a risk because you are too lazy to open a file on a computer?

Side note: I do understand my opinion is controversial (hence being voiced in this thread). I also have no problem with Friends & Family transactions with well known chippers and those that I've met. They are, by definition, friends.

But... but if you are buying from a chiproom sale to flip for 2x the price, or you are orchestrating a NAGB for literally hundreds of thousands of dollars profit and you are worried about taxes while screwing the rest of the community - yeah, go jump in a lake.

 

[DirtyTIVA]

I think PCF should have separate classifieds for ceramic vs clay chips.

 

[Poker Zombie]

I think PCF should have separate classifieds for ceramic vs clay chips.

Very shortly, will I want eBay to have the same distinction. People will die, chips will be sold and somebody is going to be screwed - even though neither party would be to blame.

 

[upNdown]

Very shortly, will I want eBay to have the same distinction. People will die, chips will be sold and somebody is going to be screwed - even though neither party would be to blame.

 

[DirtyTIVA]

I understand the taxable portion of the transaction.

Keep records. Write off the amount paid vs the amount sold for. You are asking others to take a risk because you are too lazy to open a file on a computer?

Side note: I do understand my opinion is controversial (hence being voiced in this thread). I also have no problem with Friends & Family transactions with well known chippers and those that I've met. They are, by definition, friends.

But... but if you are buying from a chiproom sale to flip for 2x the price, or you are orchestrating a NAGB for literally hundreds of thousands of dollars profit and you are worried about taxes while screwing the rest of the community - yeah, go jump in a lake.

I agree with your last comment. And I do agree it is asking for a lot of trust when high value goods are transacted. Which is why it’s important to consider seller feedback and reputation.

I don’t think the vast majority of members here keep any records let alone suitable for tax reporting. An excel document or a handwritten ledger with dates and numbers paired with at most screenshots of listings here on PCF using screen names as evidence isn’t going to fly. If anything it would show unreported income by another screen name with the location “USA” and no evidence of sales tax collected at the time of transaction. Not to mention most of what is sold here is not in the exact quantity as at the time of purchase.

 

[DirtyTIVA]

Very shortly, will I want eBay to have the same distinction. People will die, chips will be sold and somebody is going to be screwed - even though neither party would be to blame.

Who would verify the authenticity of chips though? Mikeauto? Thundersnow? @ovo ?

 

[TX_Golf_N_Poker]

I wouldn't be comfortable rating chips today. If I were selling, I would say "look at the pictures" because I don't want to mislead anyone.

I'm with @chippitydoodah I'd much prefer buying from someone who makes an attempt to describe the condition of the chips over saying "just look at the pics."

 

[PocketAces]

I think PCF should have separate classifieds for ceramic vs clay chips.

Your onto something…Now we have opened the door to fake RHCs/S-crowns, I think there should be an entire section on PCF for this new stuff coming from China. And we should be able to choose wether or not we can’t to see that content, just like the politics section.

 

[Josh Kifer]

I think PCF should have separate classifieds for ceramic vs clay chips.

Agreed.

 

[TX_Golf_N_Poker]

Yes - I’ve seen this more than once.

Pics are more important than the written description IMO.

Good, and sufficient pics to accurately depict the condition- including edges, faces, and warping (or not).

Then I have no issue with “look at pics and judge for yourself”. As long as the pics are accurately representative.

Of course good pics are vitally important. But I think what he was saying is that the seller who also provides a verbal description is probably the more honest seller.

Say you buy chips based only on pics. Then you receive chips and there are lots of flea bites on chips that were not shown in the pics. You contact seller and they say "I never said what condition they were in. I guess those flea bites just didn't make it into the pics. Sorry."

That's why I want both. Pics and the seller's description of condition. Then it you're not sure the description and the pics line up, you ask questions or ask for more pics. The fact that the seller is attempting to describe the condition is an indicator to me of honesty.

 

[TX_Golf_N_Poker]

How the eff do you people have more than one hobby.

Because my kids are all grown up...

 

[cpac54]

I think PCF should have separate classifieds for ceramic vs clay chips.

Hear, hear!

 

[TX_Golf_N_Poker]

I agree with your last comment. And I do agree it is asking for a lot of trust when high value goods are transacted. Which is why it’s important to consider seller feedback and reputation.

I don’t think the vast majority of members here keep any records let alone suitable for tax reporting. An excel document or a handwritten ledger with dates and numbers paired with at most screenshots of listings here on PCF using screen names as evidence isn’t going to fly. If anything it would show unreported income by another screen name with the location “USA” and no evidence of sales tax collected at the time of transaction. Not to mention most of what is sold here is not in the exact quantity as at the time of purchase.

Pretty sure the bolded text above is exactly what you need to do in order to document hobby income. Keeping reasonable records of transactions is typically what the IRS will require. And you only pay income tax on the profit, not the gross sale amount.

I'm not sure what the sales tax consequences might be as I have no experience with what kind of reporting PayPal has with the states. Or what individual statutes might be in each state. If you are not actually running a business, there would typically be de minimis rules that apply. Most states are not going to impose sales tax obligations on someone making a few sales of personal goods per year. I realize this is an evolving tax issue, so maybe there have been some updates recently that I'm not aware of. I'm professionally in the corporate income tax arena, but I do try to keep up with other tax issues. So you are certainly welcome to correct me if you have better information.

Edit: Sorry, I meant to also say that even if you are required to follow the strictest letter of the tax laws, it's not going to be anywhere close to the 51% figure that you quoted. Not sure how you came up with that. Maybe some combination of federal and state income tax rates plus sales tax? But as I explained, you don't pay income tax on the gross, only on your profit.

 

[BarrieJ3]

I OBJECT!
If you focus more on condition you will discourage people from playing with their chips. You'll be encouraging people to buy chips as investments to sit in vaults.

Huh? Nahhhh cuz. The same people who collect will collect, play will play, etc. Or maybe not and you're right. I don't really care, would just be nice to stop being swindled by a "community". It's a marketplace, why not treat it like such?

I think PCF should have separate classifieds for ceramic vs clay chips.

Looks like this is a *popular* opinion! I'm for it.

 

[DirtyTIVA]

Pretty sure the bolded text above is exactly what you need to do in order to document hobby income. Keeping reasonable records of transactions is typically what the IRS will require. And you only pay income tax on the profit, not the gross sale amount.

I'm not sure what the sales tax consequences might be as I have no experience with what kind of reporting PayPal has with the states. Or what individual statutes might be in each state. If you are not actually running a business, there would typically be de minimis rules that apply. Most states are not going to impose sales tax obligations on someone making a few sales of personal goods per year. I realize this is an evolving tax issue, so maybe there have been some updates recently that I'm not aware of. I'm professionally in the corporate income tax arena, but I do try to keep up with other tax issues. So you are certainly welcome to correct me if you have better information.

An ounce of prevention is worth a pound of cure.