Not Mine I truly do not understand the single chip market..... (1 Viewer)

[nitzilla]

These types of sales make me like "set" collecting over single chips........????

http://www.ebay.com/itm/South-Shore...171431?hash=item2ef8977667:g:d74AAOSwcLxYDU9U

I will never understand I guess.....

 

[CraigT78]

$1,250 for a chip with a hole in it? I don't get it either.

 

[abby99]

Simply put, it's a matter of supply and demand. Econ 101.

 

[links_slayer]

you can list something for whatever you want. it doesn't mean that's the "value" of it - unless it sells, of course. but then again the listing might end early because the item is "no longer available" and we'll never know what the price was.

 

[nitzilla]

you can list something for whatever you want. it doesn't mean that's the "value" of it - unless it sells, of course. but then again the listing might end early because the item is "no longer available" and we'll never know what the price was.

Very true, I see it all the time in the "Star Wars market" you can list a 1995 carded Luke Skywalker for $800, but no one would give you $5 for it......

I think it's always about the drilled/notched chips with me, I need/want perfection (or close to it), and for $1250 I would require it.

 

[DJ Mack]

Yeah but ... you can also have it for just $61 over 24 months and get it in time for the holidays, or so PayPal says. That's not so bad.

 

[btbmason]

If you wanted to turn it into a necklace or a keychain, someone already did the hard work for you. That could be a new fad, expensive poker chip accessories.

 

[gmunny]

Single casino chip collecting is similar to collecting coins or baseball cards or stamps. It just so happens that casino chips are great to use as poker chips, too. As a collector of singles, if the chip is extremely rare, than I'd rather have a cancelled chip vs not at all.

Another factor is price, where a very rare chip could be thousands, but the drilled version is way more affordable. It's kind of like a Michael Jordan rookie card graded as a 8 vs 9 vs 10. Huge price difference. The difference in the chip world is that a very rare chip can have a population 1 or 2 or 10 total known (any condition) vs thousands of MJ rookie cards (though the demand for MJ cards are way higher!)

Making them into key chains is really why many of them are drilled, as they were made into key chains to sell in the casino's souvenir shops, like the one from the Flamingo below.

Here are a few of my drilled examples

 

[TheBigTater]

Drilled > Notched (unless drilled is in inlay)

 

[warewulf]

Single casino chip collecting is similar to collecting coins or baseball cards or stamps. It just so happens that casino chips are great to use as poker chips, too. As a collector of singles, if the chip is extremely rare, than I'd rather have a cancelled chip vs not at all.

Another factor is price, where a very rare chip could be thousands, but the drilled version is way more affordable. It's kind of like a Michael Jordan rookie card graded as a 8 vs 9 vs 10. Huge price difference. The difference in the chip world is that a very rare chip can have a population 1 or 2 or 10 total known (any condition) vs thousands of MJ rookie cards (though the demand for MJ cards are way higher!)

Making them into key chains is really why many of them are drilled, as they were made into key chains to sell in the casino's souvenir shops, like the one from the Flamingo below.

Here are a few of my drilled examples

Good info there, makes sense.

Honestly though, I agree with the OP. If the seller listed a rack of those drilled chips, I wouldn't pay $1 per chip.