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Explain the Wynn Chip Hype to Me Like I'm a 4 Year Old (5 Viewers)

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If the chip prices keep increasing as they have been, eventually the richest 10 chippers will just be trading back and forth to each other.
 
Joe Harris said:
..they're authentic casino Paulsons...
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pokerplayingpisces said:
...It's rare/difficult to acquire a playable set from a Vegas casino.
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thorwilliam said:
...there's not many, if any, inlaid Paulson casino tournament sets with an interesting spot progression available.
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liftapint said:
...mint Casino Paulsons.....
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Wrong. These chips aren't casino Paulson chips, at least not how I (and the Nevada Gaming Commission) define it. The NGC never approved these chips (and therefore, they were never ordered to be destroyed, and hence available to aftermarket chippers), so regardless of the name on the inlay, they meet none of the requirements to be considered 'casino' chips as I see it.

Nice chips? Yeah, they are okay for what they are (I mean, how bad can a genuine mint Paulson chip be?). Personally not a fan of the no-mold or oversize inlay. Would I buy 'em at 30c each? Sure. At $1 each? Probably. $2 each? Maybe. But the market pricing on these quickly became pretty stupid, and they hold no interest for me. I have much nicer (and rarer) chips that cost a lot less. Y'all enjoy these.

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I wasn't impressed at the plain inlay, the Wynn name or the mold.
The mold reminds me of RHC, which I only like on solid tourney sets that are really well done.
Told myself I'd never pay money myself for this Wynn chip. Not even a 1 chip sample.

Until the pic of them in starting stacks for the raffle.
Am I the only one who's opinion changed a bit after that pic?

Edit to be clear....I'm only saying a bit...lol.
 
I really like the plain-looking inlay!

Rare, mint Paulsons from a Vegas casino with great colors, spots and a nice inlay, What's not to love?

Also considering the prices of old Paulson home game chips these days, I'm not surprised. These look way better than all of them, and are much rearer and completely mint!

I'm not saying I'm paying that for them, but I really do see the appeal.
 
Personally, I like the No Mold and the fact that they are unique is what draws me to them. Once the price starts creeping up over $2, then there are plenty of other sets that I would rather spend my money on. At the end of the day, once Rainman is done with his Auctions and sample sets, then he will have a nice 1000+ set for probably $3 something a chip...which if thats his grail set, then its a great deal for him. I think he may end up Dolo'ing these once another TRK set comes around though.

I think you can sell $20-30 raffle tickets for pretty much any set of mint paulson chips and get enough interest to make it profitable. I don't know if that should be considered hype. IMO, there are probably only a handful of people willing to pay over $4 for these in bulk, and we found a couple of them yesterday.
 
BGinGA said:
Wrong. These chips aren't casino Paulson chips, at least not how I (and the Nevada Gaming Commission) define it. The NGC never approved these chips (and therefore, they were never ordered to be destroyed, and hence available to aftermarket chippers), so regardless of the name on the inlay, they meet none of the requirements to be considered 'casino' chips as I see it.

Nice chips? Yeah, they are okay for what they are (I mean, how bad can a genuine mint Paulson chip be?). Personally not a fan of the no-mold or oversize inlay. Would I buy 'em at 30c each? Sure. At $1 each? Probably. $2 each? Maybe. But the market pricing on these quickly became pretty stupid, and they hold no interest for me. I have much nicer (and rarer) chips that cost a lot less. Y'all enjoy these.

.
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Just because the NCG never approved these chips, they have no value? They are still Paulsons, with the name of a current, well-known casino branded on the inlay. There aren't too many similar products out there.
 
liftapint said:
....Also, the AVERAGE price of the Wynns is $4.20 in some recent sales. But compare that to say uncirculated Dunes. Those START at $3/ for fives, $4/ for twenty fives, $7/ for hundos, and you can't even find mint five hundreds, but if you could, it would be well over $20/. So on average, well above the Wynn tourney chips. You may like Dunes better, fine. But to say the price of the Wynns is sky high, I dunno....
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Mel, I don't see any way you can compare the age and history of the Dunes to the Wynn. The Dunes is the home of Vegas legends, and the Wynn is a newbie casino where nothing of note has ever taken place.

That association with age and history is the only reason I own Trops, Vegas Worlds, El Ranchos, and several Caribbean sets.

At the current Wynn prices, I'd say Dunes are tremendously undervalued.
 
pltrgyst said:
Mel, I don't see any way you can compare the age and history of the Dunes to the Wynn. The Dunes is the home of Vegas legends, and the Wynn is a newbie casino where nothing of note has ever taken place.

That association with age and history is the only reason I own Trops, Vegas Worlds, El Ranchos, and several Caribbean sets.

At the current Wynn prices, I'd say Dunes are tremendously undervalued.
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Fair enough.
 
More demand than supply leads to a frenzy like this. It might be less than a dozen energized buyers, but that could be enough to drive prices through the roof.

Who am I to question the values? Willing buyer + willing seller = market price.

Maybe the frenzy will get even hotter? Maybe something new/better will catch our attention? Wait and see.

All I want is to see pictures of these in play -=- DrStrange
 
Chippy McChiperson said:
I just think it's a little funny when the seller asks potential buyers not to flip the chips, when they have already been flipped three or four times (including by the seller who just received them in the last couple of weeks).
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LOL, I knew half the community would get a kick out of that one!

I don't mind people flipping chips for a profit. I don't mind them flipping my chips for a profit, and I've never made that request before in any of my listings. However, the reason I asked them not to flip these particular 10 sample sets for a profit was because I wasn't sure how many of these I was going to be able to offer up, and I had SO MANY REQUESTS for these that I wanted to make sure that the chippers who really wanted them for themselves had an opportunity to get their hands on them. I just threw that out there in hopes that anyone seeing it as an opportunity to make some money might step aside, a la the honor system, and allow the community to get their hands on them.

I still have many more chippers interested in them. I'm still debating whether or not to offer up more...
 
BGinGA said:
Wrong. These chips aren't casino Paulson chips, at least not how I (and the Nevada Gaming Commission) define it. The NGC never approved these chips (and therefore, they were never ordered to be destroyed, and hence available to aftermarket chippers), so regardless of the name on the inlay, they meet none of the requirements to be considered 'casino' chips as I see it.

.
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To each their own of course, but the very reasons you mention above are precisely what make these so great to me.

The fact that Las Vegas Casino chips basically can't be resold to the chipping world (for the most part) as state laws require them to be destroyed, and you'd almost never get your hands on a mint set anyhow, make these THAT MUCH MORE RARE! Plus, it's not like they're from some random ass casino like Wild Bill's or Imperial Palace or something like that. These are from The Wynn Casino! Which just so happens to be many people's #1 favorite casino in all of Las Vegas. Of course that's subjective, but you can't argue that it's not at or near the top.

This makes the set EXTREMELY rare in my opinion. Probably one of a kind.

Add in the awesome colors, the fact that they're prototypes (are there any other prototype sets out there?), interesting (I say cool) spot progressions, clean/simple inlays (which I personally LOVE! ...also why I LOVE the Nevada Lodge chips), oh, and throw in the fact that they have a unique NO MOLD (are there even any other Paulson No Mold sets in existence? I wouldn't know, but I've never seen them if so).

These just have SO MANY great qualities going for them. They're truly EPIC in my opinion. There's a reason Josh from Apache calls these the "best Tournament set ever made". I agree with him.
 
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BGinGA said:
Wrong. These chips aren't casino Paulson chips, at least not how I (and the Nevada Gaming Commission) define it. The NGC never approved these chips (and therefore, they were never ordered to be destroyed, and hence available to aftermarket chippers), so regardless of the name on the inlay, they meet none of the requirements to be considered 'casino' chips as I see it.
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That's an excellent point, and something I hadn't considered. It's worth pointing out that they seem to have been purchased from Paulson under the authority of Wynn casino. If minty fresh Paulsons were something available to us today, I expect their value in our classifieds would be quite a bit less.
 
Marius L said:
Haha, he can say what he wants, but I still say these are from a Vegas casino. :ROFL: :ROFLMAO: Smack away!
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They are clearly from a Las Vegas Casino. I can sure as shit guarantee you The Wynn's tax returns from their production year would also agree with me. To claim that they're not is simply disingenuous.

If someone wishes to point out that they were never put into play, and didn't need to be destroyed as a result, and that you only desire to collect chips which meet that criteria is fine. But you can't claim that they're not from a Las Vegas casino because the NGC didn't choose to destroy them.
 
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pltrgyst said:
Mel, I don't see any way you can compare the age and history of the Dunes to the Wynn. The Dunes is the home of Vegas legends, and the Wynn is a newbie casino where nothing of note has ever taken place.

That association with age and history is the only reason I own Trops, Vegas Worlds, El Ranchos, and several Caribbean sets.

At the current Wynn prices, I'd say Dunes are tremendously undervalued.
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I think this is extremely subjective though. For many chippers, nostalgia likely plays a huge part of their desire to acquire certain sets. I know it does for me. That's why when I first joined here, I was running around trying to buy up any and all Grove CIC chips I could find. I just have so many memories there, and so much history there that I absolutely HAD to have that set. I presume the same is true with many of our chippers over the age of 50 with some of the older casino sets like the Dunes. It probably brings back a ton of great memories and stories about how people used to go watch the Rat Pack after consuming their 99c steak & lobster dinner, or whatever it is that made it, and other similar memories so great.

However, there are other chippers who really have no connection to some of these places, especially for some of the younger chippers like myself (I'm in my 30s). For me personally, I have no recollection of the Dunes hotel. In fact, I've spent large chunks of my life in Vegas (probably 1-2 years cumulatively without ever having lived there), and I had never even heard of the Dunes until I joined here. That set does absolutely NOTHING for me. I would MUCH rather have the 3-putt poker SET than any original Dunes set. The only thing I like about those chips are the inlays. But I understand and respect why others love them so much. It really depends on what draws you individually to a set. For me, it's the Grove chips, but I fully understand why so many people think that set sucks.

Also, I've always liked simplicity, in all avenues of life. When I was a kid, I was a huge Sonics fan, and my mom would try to buy me Sonics clothes for Christmas that had pictures of Gary Payton & Shawn Kemp on them, and t-shirts that would say "1996 Western Conference Champions!!! 64-18 (or whatever their record was), etc. I'd get hats with all sorts of crazy green and yellow artwork on it, and I just NEVER wore any of it. I'd buy a t-shirt that just said "SONICS" and that was it! I'm drawn to simplicity, and chaos makes me CRINGE!!! That's also why I CAN'T STAND sets like PNY with their circular tourist photos shitting all over crispy Paulson chips. But we're all wired differently. I understand that others value different things, and I'm glad they do. Otherwise, I'd never get my hands on any of these amazing Nevada Lodges or Pick Hobson chips! :)

Personally, I LOVE the Wynn chips. I think they're sexy as hell!
 
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I know what BGinGA is saying. In the past I have seen casino "set" collectors like us PCFers and "singles" collectors like ccgtcc have less love for rejected chips like these.
Some would not buy them, others would but for a lot less than similar mint chips that were not rejected.

There does not appear to be any issues with demand/value for these ones though. (y) :thumbsup:
 
I wasn't going to chime in, because BGinGA nailed it for me - Never in a casino, never seen in the casino, How are these any different than a knock-off chip, outside of being clay?

But...
1)
RainmanTrail said:
I can sure as shit guarantee you The Wynn's tax returns from their production year would also agree with me.
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Ok, I'll call you down on that one. You have the Wynn's tax returns from the production year available to you?

2)
I really liked these when I saw them on eBay, but they were already gone. But $4.20 a chip is more than I woud pay for my own custom chips - and that means a hell of a lot more to me than the Wynn, despite it being a nice hotel/card room. And that's just the start. The current auction is $30 "tickets" and a minimum of 60 tickets sold means that in order to get a flat EV you are valuing each chip at $6 per chip! And that's not all, as the auction caps at 85 entries or $8.50 a chip!

So yes, I think they are nice, simple, minty chips that may or may not be from the Wynn. As far as I know these were from Paulson's home market days and relabeled. They were clearly never for use in the Wynn casino (NGC requires No Cash Value on tournament chips, and the name of the city). I have never been this confused about the valuation of something since the Beanie Baby craze of the early 90's (well, maybe BitCoins).

But don't let my opinion dissuade anyone from buying these things up. There is clearly value as these things leap from owner to owner and rise in value with each jump, and would be happy to see them cross $10 per chip.

I simply just don't get it - even with (and sometimes because of) the reasons others have stated.
 
This is just one persons opinion.

They popped up out of nowhere cheap, nice colours and a rare tournament set. Interest was high.

Chips were bought and sold multiple times in a short period while interest was high with the price seemingly increasing steadily.

Bought by chippers with deep pockets.

I'd hazard a guess that the dozen or so chippers who have had the coin and desire to buy them drove the price up. I think we are probably at the end of that hype. I would be surprised to see a lot more sales at these prices.

No way I'm spending $4-$8 a chip for these. They are ok but not MY grail set.

But fuck it. I'll definitely spend $30 for a gamble.

Then if I win I'm flipping them for $80/chip and buying a nutso CPC set.
 
RainmanTrail said:
They are clearly from a Las Vegas Casino. I can sure as shit guarantee you The Wynn's tax returns from their production year would also agree with me. To claim that they're not is simply disingenuous.

If someone wishes to point out that they were never put into play, and didn't need to be destroyed as a result, and that you only desire to collect chips which meet that criteria is fine. But you can't claim that they're not from a Las Vegas casino because the NGC didn't choose to destroy them.
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No Mint Chips were put into play regardless of whether they are commissioned by Gaming Commission or not....

These are awesome Tournament Chips, and should not be compared to other Iconic Vegas Cash sets. Like @Chicken Rob , the reason I don't covet these chips is because they are designed for tournaments.
 
I can see why some people wouldn't like the label, but I like it a lot. Like a few other people the style I like is minimalist and smooth for the most part, I much prefer the Mercedes Benz logo vs Toys R Us for example so the Wynn signature definitely appeals to me. I don't know why I'm like that but it applies to almost everything in my life, first thing I do when I get a new car is get the front license plate off and start debadging it. :D

Also 100% agree that things like nostalgia associated with a certain chip is in the eye of the beholder; what celebrities of the day being in the Dunes means to some people is just a bunch of old celebrities who were in a building to others. The Dunes sets have always made me cringe a little inside when I hear -people talking about them like they are the greatest, if resale value was not an issue I would snap call on having a Three Putt Poker set way before I had a Dunes set. Exact same feeling on Vineyards or PNYs, if the resale value was somehow nullified the most I would be willing to pay for those chips would be china clay prices assuming I had access to other real clays.

I definitely feel a little weird about taking swings at chips other people consider beautiful though, I'm not a hater and it doesn't come naturally to me. Saying anything other than "Nice chips." if I don't like something feels foreign, it's the new PCF though so might as well chime in. Maybe someday someone will start a thread questioning why someone would covet their custom set so much since obviously they were designed by a two year old. /sarcasm ;)
 
12thMan said:
I can see why some people wouldn't like the label, but I like it a lot. Like a few other people the style I like is minimalist and smooth for the most part, I much prefer the Mercedes Benz logo vs Toys R Us for example so the Wynn signature definitely appeals to me. I don't know why I'm like that but it applies to almost everything in my life, first thing I do when I get a new car is get the front license plate off and start debadging it. :D

Also 100% agree that things like nostalgia associated with a certain chip is in the eye of the beholder; what celebrities of the day being in the Dunes means to some people is just a bunch of old celebrities who were in a building to others. The Dunes sets have always made me cringe a little inside when I hear -people talking about them like they are the greatest, if resale value was not an issue I would snap call on having a Three Putt Poker set way before I had a Dunes set. Exact same feeling on Vineyards or PNYs, if the resale value was somehow nullified the most I would be willing to pay for those chips would be china clay prices assuming I had access to other real clays.

I definitely feel a little weird about taking swings at chips other people consider beautiful though, I'm not a hater and it doesn't come naturally to me. Saying anything other than "Nice chips." if I don't like something feels foreign, it's the new PCF though so might as well chime in. Maybe someday someone will start a thread questioning why someone would covet their custom set so much since obviously they were designed by a two year old. /sarcasm ;)
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What the hell dude you haven't even seen my final mockup.
 
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