SOLD Indiana Grand Sale Thread (3 Viewers)

[Mandos]

Jim has, historically, always priced them this low. He continues to do so because, as others have pointed out, he's a chipper and wants to provide a very fair service to the community.

I'm curious what percent of the people that managed to get 2000 chips yesterday are keeping all 2000. I'm guessing it's not very high... I would argue that if you're selling out in under a minute having a lower household limit would reduce flipping and lead to more people getting playable sets at TCR prices instead of people just buying the max because they know they can flip them in classifieds. And i know that some people are getting 2000 chip mtt sets, but I don't think that's where most of the chips went (and frankly if you want that many i think it's fair if you have to pay flipper prices for half).
On Jim's side this would probably increase logistics slightly so i can see why he doesn't do this.

 

[detroitdad]

I'm curious what percent of the people that managed to get 2000 chips yesterday are keeping all 2000. I'm guessing it's not very high... I would argue that if you're selling out in under a minute having a lower household limit would reduce flipping and lead to more people getting playable sets at TCR prices instead of people just buying the max because they know they can flip them in classifieds. And i know that some people are getting 2000 chip mtt sets, but I don't think that's where most of the chips went (and frankly if you want that many i think it's fair if you have to pay flipper prices for half).
On Jim's side this would probably increase logistics slightly so i can see why he doesn't do this.

I bought 1200 chips. I may keep a 15 player, two table set, or I may keep a one table set. I order 400/400/200 of the ones/fives/twenty fives so that I could cherry pick them. I "HATE" mixed condition sets. With my customs close to being done I'll probably keep 600-700 chips and sell the rest.

 

[cpac54]

I'm curious what percent of the people that managed to get 2000 chips yesterday are keeping all 2000. I'm guessing it's not very high... I would argue that if you're selling out in under a minute having a lower household limit would reduce flipping and lead to more people getting playable sets at TCR prices instead of people just buying the max because they know they can flip them in classifieds. And i know that some people are getting 2000 chip mtt sets, but I don't think that's where most of the chips went (and frankly if you want that many i think it's fair if you have to pay flipper prices for half).
On Jim's side this would probably increase logistics slightly so i can see why he doesn't do this.

I can't speak for everyone, but I'd like to think that most people buying 2000 chips are doing so simply because they want certain chips (snappers, $1k, $5k) in quantities that require buying 2000 chips to make the percentage limits work, not because they necessarily just want to turn around and sell a bunch of chips for profit.

 

[grantc54]

I'm curious what percent of the people that managed to get 2000 chips yesterday are keeping all 2000. I'm guessing it's not very high... I would argue that if you're selling out in under a minute having a lower household limit would reduce flipping and lead to more people getting playable sets at TCR prices instead of people just buying the max because they know they can flip them in classifieds. And i know that some people are getting 2000 chip mtt sets, but I don't think that's where most of the chips went (and frankly if you want that many i think it's fair if you have to pay flipper prices for half).
On Jim's side this would probably increase logistics slightly so i can see why he doesn't do this.

For those of us who collect and play multiple sets 2k chips isnt difficult to hit. Especially if you want to do a cash set and tourney set (based on # of denoms needed I dont think that would be doable this set).

I got 2k chips and plan to keep them as a $1/2 multi-table set. I don't have any extras.

 

[MC Poker]

For those of us who collect and play multiple sets 2k chips isnt difficult to hit. Especially if you want to do a cash set and tourney set (based on # of denoms needed I dont think that would be doable this set).

I got 2k chips and plan to keep them as a $1/2 multi-table set. I don't have any extras.

Same

 

[upNdown]

I can't speak for everyone, but I'd like to think that most people buying 2000 chips are doing so simply because they want certain chips (snappers, $1k, $5k) in quantities that require buying 2000 chips to make the percentage limits work, not because they necessarily just want to turn around and sell a bunch of chips for profit.

Yes. And apparently everybody here has OCD, so they have to own full racks of those pretty orange chips. So in the name of fairness, I think @Tommy and the mods need to collect all the 100 chip racks and replace them with 60 or 80 chip racks. Or maybe 75 would work - 5 rows of 15?

 

[cpac54]

Yes. And apparently everybody here has OCD, so they have to own full racks of those pretty orange chips. So in the name of fairness, I think @Tommy and the mods need to collect all the 100 chip racks and replace them with 60 or 80 chip racks. Or maybe 75 would work - 5 rows of 15?

guilty as charged. I hate partial racks!

 

[ktran]

I'm curious what percent of the people that managed to get 2000 chips yesterday are keeping all 2000. I'm guessing it's not very high... I would argue that if you're selling out in under a minute having a lower household limit would reduce flipping and lead to more people getting playable sets at TCR prices instead of people just buying the max because they know they can flip them in classifieds. And i know that some people are getting 2000 chip mtt sets, but I don't think that's where most of the chips went (and frankly if you want that many i think it's fair if you have to pay flipper prices for half).
On Jim's side this would probably increase logistics slightly so i can see why he doesn't do this.

It's not all about money in this hobby even if you're a vendor.

 

[MrCatPants]

I bought 1200 chips. I may keep a 15 player, two table set, or I may keep a one table set. I order 400/400/200 of the ones/fives/twenty fives so that I could cherry pick them. I "HATE" mixed condition sets. With my customs close to being done I'll probably keep 600-700 chips and sell the rest.

I'm almost exactly this, though probably keeping 1k of them so I have a multi table cash set the 1 - 2 times a year I need one.

 

[detroitdad]

I'm almost exactly this, though probably keeping 1k of them so I have a multi table cash set the 1 - 2 times a year I need one.

4 of my 6 sets will be able to handle two table cash games. Sunsets, Bourbons, Parks and Rec, and Grand Live...........I also host a two table event once or twice a year lol

 

[bezerkus]

I wonder what a sell would be like if you had a first hour sale with 600 sets with denominations already chosen based on the inventory. Limit of one set, the choices of primary OR secondary. Then let the market shake out after that hour and in the the classifieds for those who wanted bigger sets or specific chips/denoms. With the flood of many PCF members trading/buying/selling there rather than just the have's and have nots, might make for a truer market value after the sale with more members involved. Maybe a bad idea, I dunno.

 

[Lil Tuna]

I wonder what a sell would be like if you had a first hour sale with 600 sets with denominations already chosen based on the inventory. Limit of one set, the choices of primary OR secondary. Then let the market shake out for after that hour and in the the classifieds for those who wanted bigger sets or specific chips/denoms. With the flood of many PCF members trading/buying/selling there rather than just the have's and have nots, might make for a truer market value after the sale with more members involved. Maybe a bad idea, I dunno.

I like your idea.

 

[ktran]

I wonder what a sell would be like if you had a first hour sale with 600 sets with denominations already chosen based on the inventory. Limit of one set, the choices of primary OR secondary. Then let the market shake out after that hour and in the the classifieds for those who wanted bigger sets or specific chips/denoms. With the flood of many PCF members trading/buying/selling there rather than just the have's and have nots, might make for a truer market value after the sale with more members involved. Maybe a bad idea, I dunno.

Naw, not being able to mix and match will turn a lot of people away and force to people to trade. After market trade will probably not go well trading for most and not many people happy and have a lot more incomplete sets. I think lowering the max count to 1,800 ish might help a little bit. I think he has it set up right where a person can get their cash and tourney set they wanted. He has done pre-made sets in the past. I'm sure he has figured out how to sell them well by now.

 

[Geremie]

@Geremie how's it going with that giveaway? I might put up a rack of these $1s up for it depending what it is.

Going to post the week of June 13th. I’m grabbing the stuff from the other giveaway the weekend before.

 

[Mandos]

Sounds like most people are targeting 1000 chip sets or below. I would love to see that be the limit for the first hour.

For those of us who collect and play multiple sets 2k chips isnt difficult to hit.

I get that, I'm just saying I don't see why the sale should necessarily cater to those trying to get a 2+ table set as their 3rd (4th, 5th?) full set. Again Jim can do what he wants, but I'd love to see more people get what they want from the sale, vs fewer people scoring huge.

 

[ktran]

Sounds like most people are targeting 1000 chip sets or below. I would love to see that be the limit for the first hour.

I get that, I'm just saying I don't see why the sale should necessarily cater to those trying to get a 2+ table set as their 3rd (4th, 5th?) full set. Again Jim can do what he wants, but I'd love to see more people get what they want from the sale, vs fewer people scoring huge.

Are there times where you want a cash and tourney set? It's a bonus for some to have them matching. I only have one set for both, but some people would love to have the whole collection.

 

[upNdown]

Sounds like most people are targeting 1000 chip sets or below. I would love to see that be the limit for the first hour.

I get that, I'm just saying I don't see why the sale should necessarily cater to those trying to get a 2+ table set as their 3rd (4th, 5th?) full set. Again Jim can do what he wants, but I'd love to see more people get what they want from the sale, vs fewer people scoring huge.

I would too. But this guy has been doing these sales forever ( over ten years, right?) and for whatever reason, he’s decided that the 2,000 mark works. Who am I to question that?

 

[WhiteMamba1646]

 

[Ethan]

View attachment 920032

 

[Mandos]

I would too. But this guy has been doing these sales forever ( over ten years, right?) and for whatever reason, he’s decided that the 2,000 mark works. Who am I to question that?

I would guess that if he were to lower it it would piss off the bigger collectors here which wouldn't be in his interest. I should probably shut up now though.

 

[ktran]

View attachment 920032

Man those chips look amazing in person! Missing one more barrel.

 

[ktran]

I would guess that if he were to lower it it would piss off the bigger collectors here which wouldn't be in his interest. I should probably shut up now though.

No it's always good to have discussion. It's a forum.

 

[Rieguy]

View attachment 920032

This could be a beautiful pic, but that poo stained blanket in the background kind of throws things off .

 

[Santa123]

Some serious colour matching skills.

 

[TX_Golf_N_Poker]

I suppose if I capped it at a week or something . . .

Luv this man! You're one of the more outspoken guys on here. I don't always agree with you, but don't ever change!

 

[TX_Golf_N_Poker]

sorry, tagged the wrong post...

Naw, not being able to mix and match will turn a lot of people away and force to people to trade. After market trade will probably not go well trading for most and not many people happy and have a lot more incomplete sets. I think lowering the max count to 1,800 ish might help a little bit. I think he has it set up right where a person can get their cash and tourney set they wanted. He has done pre-made sets in the past. I'm sure he has figured out how to sell them well by now.

Disagree. Supposedly we are the poker chip forum of collecting playable sets. And what's wrong with forcing trading as opposed to flipping? So as @bezerkus suggested, create a few different playable sets of 400-600 chips. Limit one set per household for the first hour so as many as possible can at least get a small set. Then let the free-for-all begin in the second hour, still keeping the 2000 total chip per household max.

 

[cpac54]

Disagree. Supposedly we are the poker chip forum of collecting playable sets. And what's wrong with forcing trading as opposed to flipping? So as @Mandos suggested, create a few different playable sets of 400-600 chips. Limit one set per household for the first hour so as many as possible can at least get a small set. Then let the free-for-all begin in the second hour, still keeping the 2000 total chip per household max.

"400-600 chips" and "playable set" seems like an oxymoron if I ever heard one, but maybe that's just me!

What would a 400 chip cash set even look like?

 

[Santa123]

 

[TheDuke]

I can understand everyone thinking out loud on how to improve these sales from a consumer perspective.

But from the Jim's perspective we've got to assume this sale was viewed as a huge success. 100% of released inventory sold? There's nothing left right? Given the pace of this sale, the only thing that he may possibly be pondering is his pricing. This sale demonstrated the demand for casino paulsons (even the lowly RHC) to be rather inelastic.

System as is works for Jim. And despite the complaints, it works pretty well for his customers. It's been honed over several years. You should have tried participating in some of the first Chip Room sales. No limits nor percentages. Some of earliest flippers in this hobby would just buy up all the high denoms and fracs to flip. Leaving Jim with enormous amounts of $1-$25s and chippers without playable sets. No one was happy back then. Well, maybe the flippers.

A casino's chip inventory works well for their needs based on their size, number of tables, size of market, etc. . It's not very conducive to aftermarket sales in terms of breakdowns of ideal home game cash and tourney sets. Meaning there are too few fracs and high denoms to satisfy PCF users. The 2000 chip mark and percentages are dialed in so Jim isn't left with hard to move inventory.

It seems like there was an enormous amount of people tripping over themselves during this sale to spend like ~$6500 to get to the 2000 chip mark to buy racks of snappers, $1ks and above. Those same people would probably drop $10000. And if they passed, there would probably be a giant line of willing buyers behind them.

Ps. I didn't participate. I missed out. I thought the sale was today at 9 in the afternoon. Some jerk off posted that time in the thread.

 

[aggie]

time for half of pcf to lose their shit. can't wait.

confirmed.