Live Hard Rock $5,000 chip for $1,199 (1 Viewer)

[sleepypiggly]

http://www.ebay.com/itm/Ultra-Rare-Hard-Rock-Hotel-Casino-Las-Vegas-5000-Poker-Chip-/111859402777

So this is a live chip. If you can prove to casino mgmt that you won it at the tables, you can cash it in. Wouldn't this be worth it to a high roller who bets thousands a hand? But then again, why would they fret over this small change? Hrmmm...

Hard Rock $5k Live Chip 2

• sleepypiggly
• Dec 28, 2015

Hard Rock $5k Live Chip 1

• sleepypiggly
• Dec 28, 2015

Hard Rock $5k Live Chip 3

• sleepypiggly
• Dec 28, 2015

 

[Poker Zombie]

I think in the Q and A where the seller says "Please do not purchase this chip with the intent of cashing it in." says bucket-loads. I cannot fathom a situation where someone would just throw away $3800 because it was easier to sell the chip on eBay.

 

[Ronoh]

I cannot fathom a situation where someone would just throw away $3800 because it was easier to sell the chip on eBay.

Assume for a moment where the chip is cashable to someone who plays big enough that, ignoring any other security measures, he could slip the chip in unnoticed and get it cashed... I can not fathom a situation where any normal everyday Joe would possibly accomplish the task.

If I was in possession of said chip and my options were to take $1200 or play big enough to make cashing the chip a possibility...? I'll take the $1200.

 

[jbutler]

A unique situation arose recently for a friend of a local poker dealer (underground games exclusively). He had 2 $5k chips and a bunch of $1k chips he needed to cash at Mohegan Sun but was unable to do it himself.

My dealer friend is far from a high roller, but he and another friend were able to split the chips between them and put them directly into play at high limit blackjack games over the course of 4 or so hours before taking all the money in $500 and $1k chips from the tables and cashing them at separate cages with no questions.

 

[Poker Zombie]

So, you're suggesting that it was an ordinary Joe that accidently forgot he won a $5,000 chip, went home and decided he couldn't ever go back and play large enough to cash it in, so instead he decided to sell it on eBay with the request that you don't try to turn it in?

 

[Ronoh]

So, you're suggesting that it was an ordinary Joe that accidently forgot he won a $5,000 chip, went home and decided he couldn't ever go back and play large enough to cash it in, so instead he decided to sell it on eBay with the request that you don't try to turn it in?

I'm pretty sure I didn't say any of that

 

[abby99]

This thread reminded me of the MGM refusal to cash a $5K chip presented by Nolan Dalla, and to make matters worse, they confiscated the chip. For those members who haven't heard the story . . .

http://lasvegassun.com/news/2007/mar/09/chips-no-longer-good-cash/

http://www.loukrieger.com/2007/03/follow-up-on-nolan-dalla-chip/

Lots of hits from searching for "Nolan Dalla MGM confiscated chip".

Maybe the Hard Rock refused to cash this chip and the seller figures $1200 is better than zero.

 

[Poker Zombie]

I can accept abby's response - sort of. Casinos track-ish their big chips. I don't see how a big chip leaves the casino, so the seller wants to pawn it off. Here's all I see with this chip:

• It is stolen
• It is counterfeit
• It is a high roller that forgot that they had some pocket-change five-thousands when they left, and they don't plan to return to Las Vegas ever.
• It was a ordinary Joe that won 5 grand, but forgot - and that's not even remotely f*cking plausible, and I am familiar with blackout drunk winnings in Vegas.

 

[derekdd23]

This thread reminded me of the MGM refusal to cash a $5K chip presented by Nolan Dalla, and to make matters worse, they confiscated the chip. For those members who haven't heard the story . . .

http://lasvegassun.com/news/2007/mar/09/chips-no-longer-good-cash/

http://www.loukrieger.com/2007/03/follow-up-on-nolan-dalla-chip/

Lots of hits from searching for "Nolan Dalla MGM confiscated chip".

Maybe the Hard Rock refused to cash this chip and the seller figures $1200 is better than zero.

With rfid chips likely inside they can blacklist it too.

 

[jbutler]

Honestly the solution is not that complicated. Wait for a super busy night. It's Hard Rock, so there will be a significant fight night or even do it on NYE. Sit down at a high roller BJ table and break the chip. The floors will overwhelmed. I'd say you're at least 50/50 to break it with no problem. Then play a few hands and walk with the smaller chips.

This doesn't mean it's a no brainer buy if a $5k loss is unacceptable no matter the EV, but I do think this is the case.

 

[H|Q]

Wire 20k to HR. But in for 10k and plan to cash out after a short time. And free roll the 5k

 

[Ben]

I can accept abby's response - sort of. Casinos track-ish their big chips. I don't see how a big chip leaves the casino, so the seller wants to pawn it off. Here's all I see with this chip:

• It is stolen
• It is counterfeit
• It is a high roller that forgot that they had some pocket-change five-thousands when they left, and they don't plan to return to Las Vegas ever.
• It was a ordinary Joe that won 5 grand, but forgot - and that's not even remotely f*cking plausible, and I am familiar with blackout drunk winnings in Vegas.

High rollers who are well-known often leave the casino with a bunch of big chips - it's a lot easier/safer than carrying that kind of cash around. And, they are sometimes traded as currency outside of the casino with other high rollers. (If you watch the old episodes of HSP/PAD, you'll sometimes see the players talking about paying off prop bets or loans "in Bellagio chips" - though they are not at the Bellagio.)

Stolen/counterfeit scenarios are both plausible, but also plausible is that some high-roller used the chip to pay somebody for something where both parties expected the receiving party to be able to cash it in, and that ended up not being the case, for whatever reason. In which case, gotta get what you can. Maybe Ivey went to the Hard Rock, won $500k at baccarat, and proceeded to treat his entourage to a $50k private party at the club and after getting blackout-drunk, tossed a $5k to the bartender without really thinking about it. Who knows, but there are plausible explanations.

 

[Poker Zombie]

But in the bartender/prop bet circumstances, I don't see where the seller would request that you do not try to cash it in. That is where it immediately turns fishy (at least to me).

 

[CdnBeerLover]

But in the bartender/prop bet circumstances, I don't see where the seller would request that you do not try to cash it in. That is where it immediately turns fishy (at least to me).

The seller provides their reasoning for stating that, though. From the Q & A

Q: This chip isn't live right? Not cashable? Just for collectors?


A: Hello and thank you for your interest. This chip is being sold for collector purposes only. To the best of my knowledge, Casinos in Las Vegas will only cash chips in denominations of $1000 and higher if you can prove through surveillance and/or management that the bearer won in the casino. Please do not purchase this chip with the intent of cashing it in. Thanks.

Seems to me to be a simple CYA statement in case the buyer attempts to cash it in and is refused.

 

[bergs]

The seller provides their reasoning for stating that, though. From the Q & A

Q: This chip isn't live right? Not cashable? Just for collectors?


A: Hello and thank you for your interest. This chip is being sold for collector purposes only. To the best of my knowledge, Casinos in Las Vegas will only cash chips in denominations of $1000 and higher if you can prove through surveillance and/or management that the bearer won in the casino. Please do not purchase this chip with the intent of cashing it in. Thanks.

Seems to me to be a simple CYA statement in case the buyer attempts to cash it in and is refused.

Yeah, the seller is being up front and doesn't want the buyer to lodge a complaint with eBay.

If it was a stolen chip, they're going to have the RFID identifying it as stolen, and it'll clearly come back to the eBay seller. A lot of dumb criminals out there, but if this guy had a stolen chip and knew it he'd have to be pretty stupid.

 

[BiGGyT]

http://www.reviewjournal.com/news/crime-courts/bellagio-robbery-suspect-was-talker

I remember when this story broke, the RFID would save the day, when it reality, dude used most every under $25k chip without a problem. Only reason he got caught was selling the $25k and taking about the robbery.

Not saying this chip is stolen, but I could buy a first class round trip ticket and stay in Vegas for less than he is losing if it is a live chip he "forgot" about.

in the end, "seems legit". Like this.

http://palmsprings.craigslist.org/for/5354704750.html
$5000 Wynn casino chip for $2800 obo. My grandpa gave it to me as a gift, I've never been to Las Vegas. Hurry will go fast!

 

[Shaggy]

I've seen that Palm springs craigslist ad... Yeah "seems legit" pretty much covers it. Chip could be real... Or it's just a setup for someone to get rolled.

 

[12thMan]

Damn, if anybody want to buy the Palm Springs chip I'll volunteer to go get it. A round or two of golf in Palm Springs arouses me as I look out my window at 33* weather.

 

[RainmanTrail]

I can accept abby's response - sort of. Casinos track-ish their big chips. I don't see how a big chip leaves the casino, so the seller wants to pawn it off. Here's all I see with this chip:

• It is stolen
• It is counterfeit
• It is a high roller that forgot that they had some pocket-change five-thousands when they left, and they don't plan to return to Las Vegas ever.
• It was a ordinary Joe that won 5 grand, but forgot - and that's not even remotely f*cking plausible, and I am familiar with blackout drunk winnings in Vegas.

A lot of poker players walk around with some pretty big chips in their pockets (probably shouldn't be posting this online, but I don't really think it's much of a secret).

My guess is that they were stolen, and the RFID makes you a marked man if you try to cash them in. Might be a fun ride if so. Maybe they'll catch the thief by following the chain!