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SOLD Diamond Jacks Secondary and Roulette Chip Sale (3 Viewers)

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Carnth said:
I don't want to step on any toes here. But I'm going to give my opinion on what you saw one and a half years ago and what's happening in this sale.

Let's start with this sale.

This is the initial release of the Diamond Jacks chips.
These chips are the unused, secondary set of chips from the casino. Jim was not able to acquire the primary set that were used, worn, and probably filthy. This means these secondaries were never put in to play, and just sat in the casino chip vault the whole time. They are accepted to be in "mint" condition.

Another point: The first time Jim puts casino chips up for sale, he prices them at what he thinks they will sell at.
(I don't know for sure, just guessing based on what I'd do.)

If they don't sell, they take up storage space just sitting there. Jim doesn't want this.

Perhaps he will put any remaining chips up for sale at a later date.


Now, let's examine the Black Friday sale from 2021.

The Jack Cincy chips you mentioned were part of that sale. There were 5 primary, and 2 secondary chips in that sale (the rest had previously sold out). The secondaries are priced higher due to their "mint" condition. While the primaries that were used in the casino are consideraby less expensive.
Please not the he mentions "this is the last of them!" So the Jack Cincy chips were put up for sale previously (a couple times), and Jim wanted to... well... not get rid of them, but he wanted to get rid of them.

Next in that same sale were Majestic Star. These chips were used in the casino for decades and were some of the most worn out and filthy chips I've ever seen. So they were priced as such.

So, those are differences you're seeing. I hope this helps.
Again, I don't know what Jim does, and these are my guesses based on what I've seen before.
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Awesome thanks for the response... So the answer to my question I guess in the way that you presented the evidence is "diamond jacks" must have a lot of name recognition? And so that makes them desirable, and that the secondary set was very very lightly used so they look in great, to near mint condition and so that is what dictates price per chip variation correct?

I cleaned up the Cincinnati Jax very very good they came out looking great overall but yes you could definitely see some of the worn usage on the $5 especially.
 
Natesroom said:
Awesome thanks for the response... So the answer to my question I guess in the way that you presented the evidence is "diamond jacks" You must have a lot of name recognition? And so that makes them desirable, and that the secondary set was very very lightly used so they look in great condition and so that is what dictates price per chip variation correct?
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Also keep in mind, the chip market has seen a pretty significant increase in prices overall in the past few years which has only recently tapered off. But in general, is still quite a bit higher than that sale.

Jim operates as a business at the end of the day. His expenses are up across the board due to inflation and interest rates which translates to higher prices as well
 
bernielomax said:
This is @upNdown right now after realizing there will be no plastic playing cards offered for sale this round.


This is everyone else on PCF celebrating that @TheChipRoom ended up having some very nice chips to sell.
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Somehow I must have missed the scene where Al Czervik was in Pulp Fiction... :unsure:
 
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Natesroom said:
Awesome thanks for the response... So the answer to my question I guess in the way that you presented the evidence is "diamond jacks" must have a lot of name recognition? And so that makes them desirable, and that the secondary set was very very lightly used so they look in great, to near mint condition and so that is what dictates price per chip variation correct?

I cleaned up the Cincinnati Jax very very good they came out looking great overall but yes you could definitely see some of the worn usage on the $5 especially.
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I didn't see anything in his reply that said anything about "name recognitions." These are real clay Paulson chips in mint to near mint condition that have nice colors and spots. The prices, especially for some of the sets, are very competitive with other similar sales and chips. That's it.
 
Pinkdan said:
Some great stuff in this sale!

My eyes are telling me those aren’t radiant reds. But Paulson has had a few variations of radiant red so who knows.
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Even the Color chip doesn’t match.

To me, the chips are probably “salmon”. They look salmon and I’ve confused the two colors myself a few times.

Could be variation of radiant red too, I suppose.
 
Natesroom said:
Awesome thanks for the response.
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I still think you missed a couple things from my response, so I'll try to clear things up.

Natesroom said:
is "diamond jacks" must have a lot of name recognition?
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No, I never said anything about name recognition.

But I will say this: Diamond Jacks is a smaller casino from northern Louisiana.

What I was saying in my first response was: this is the first time they are being sold to the public.

Chips being sold to the public for the first time are generally more expensive than left-over chips being sold in a second, third, fourth, etc. sale.

Even Jack Cincinnati chips were more expensive the first time they were sold to the public.

Natesroom said:
and that the secondary set was very very lightly used
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I said that they were stored in a chip vault and not used at all.
Natesroom said:
in great, to near mint condition
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I said that these are accepted to be "mint" condition. This is better than "great, to near mint."

Natesroom said:
and so that is what dictates price per chip variation correct?
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Actually, what dictates the prices is what Jim sells them for.
He tries to price the chips by predicting the demand he expects versus the supply he has.
So it's classic "supply vs demand."


Natesroom said:
I cleaned up the Cincinnati Jax very very good they came out looking great overall but yes you could definitely see some of the worn usage on the $5 especially.
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That's great! Most chips can, and do clean up nicely. But you can't replace worn edges and nicks/chips along the edges (flea bites).

If you never held a mint chip, then you'll never notice the difference. I originally thought that the chip edges were supposed to be rounded! That they came from the manufacturer with rounded edges. It wasn't until I held a mint chip in my hand the I realized what a "sharp edge" really meant.


Anyway. I hope this helps you and any others out there that are newer and were afraid to ask!

And if anyone has a question and are afraid to ask, you can send me a private message and ask there.
 
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Jeevansluck said:
Even the Color chip doesn’t match.

To me, the chips are probably “salmon”. They look salmon and I’ve confused the two colors myself a few times.

Could be variation of radiant red too, I suppose.
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Jim probably has a salmon colour chip to compare @TheChipRoom

Does anyone know if the bright spot on Tiger Palace primary 5 is radiant red?
 
i'm nobody said:
Hi Jim.

Really looking forward to this sale. I hope this is an easy question. In some of your previous pics there are Orchid, Hot Pink, Hawaii flower, etc. Are those chips being saved for another sale? Thanks.
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Those were already sold on the auction forum
 
What color is the red base (fivers), same as the Isle of Capri KC tri-moon fivers?
 
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I might have missed it, but I haven't seen any Hot Pink or Sherbet Green auction. @TheChipRoom Are there any used roulette chips planned for another sale?
 
MichaelBubly said:
Also keep in mind, the chip market has seen a pretty significant increase in prices overall in the past few years which has only recently tapered off. But in general, is still quite a bit higher than that sale.

Jim operates as a business at the end of the day. His expenses are up across the board due to inflation and interest rates which translates to higher prices as well
Click to expand...
Paging @Windwalker :-)
 
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