What are Boat Chips? (2 Viewers)

[upNdown]

Ya, I still don't get all the bitterness surrounding those chips and that group buy (or any other NAGB for that matter).

I ranted too much, here and on your site, many years ago. It isn’t worth rehashing. But for whatever it’s worth I think a lot of people had plenty of good reasons to be upset.
And I’m not suggesting there was conscious ill intent on anybody’s part (well maybe on the cheese guy who went rogue.). But that bit of history is probably why I feel strongly about the kind of full disclosure (and no mysteriousness) that I mentioned above.

 

[chippitydoodah]

Cheese Guy That Went Rogue?
I gotta hear this!

 

[johnjohn]

 

[TheRaven]

Cheese Guy That Went Rogue?
I gotta hear this!

went rogue, started a cottage industry… too easy, sorry!

 

[upNdown]

Cheese Guy That Went Rogue?
I gotta hear this!

Just the guy who started flipping them almost immediately.

 

[Natskule]

It was always a marketplace. Anyone who ever believed otherwise was in denial.

and it's still a community, bigger and not as close, but still a community in all its dysfunction.

 

[pltrgyst]

It was a group buy from Paulson. Paulson does NOT sell to the general public, so some members here managed to fool Paulson company into selling them tens of thousands of chips, pretending they were a shipping (cruise line) company.

This scheme was NOT available for all PCF members (who, at the time, were less than a fifth in comparison to today).

No problem there -- that was the only way it could have been accomplished. I doff my sombrero to those who made it happen in 2016.

The members who fooled Paulson company then re-sold the chips to other members, in exponentially increasing prices, making huge profit.

Some resold to other members, most didn't . Of course the sale prices were higher -- how could they not have been?

The result has been that this is not a community anymore, but rather a market place.

Says the butt-hurt critic whose PCF join date is 2018.

 

[pltrgyst]

So, I paid an arm and a leg to get some of those chips and have them re-labelled to my liking.

Well, that's an all-time sucker's move.

 

[Godzilla28]

View attachment 1276342
Rye Park but not sure of manufacturer. Maybe @Vinyard or @Godzilla28 can help?

According to @Vinyard , it was not one of the big card manufacturers. Maybe Ace Card Co. One of Vinyards favorite cards. I likem too!

 

[Jacks]

Here’s the thing, people complain about having to pay for the inflated NAGB prices, but the market has determined that is their worth (based on what buyers are willing to pay). And you can resell for approx what you paid anyway.

TLDR: People think they are paying $5k for $1k of chips but really they are paying $5k for $5k of chips.

 

[SteveEH]

This one time, a painter I knew told me that the only thing worse than painters were roofers.

He was wrong.

I know what you're thinking...scalpers. Like the ones that buy up all those taylor swift tix, but you're wrong too.

The lowest of low are the people that got in on the boat chip deal and sold them for profit. I don't blame them, because it's a war out there and we've gotta fight to survive. Still, they're lower than low. Like bottom feeders. Some may call them halibut.

There's three things I can't stand in this world:

1. People who are intolerant of other cultures.
2. The Dutch.
3. Flippers.

All that being said, if I got invited into an NAGB I'd go in balls deep! Soon after I recieved them I'd have a "changing direction for my project moment" so I could sell them at market prices. Then I wouldn't be a flipper cause the market is the market, yo.

I have no idea what just happened here

 

[chippitydoodah]

This one time, a painter I knew told me that the only thing worse than painters were roofers.

He was wrong.

I know what you're thinking...scalpers. Like the ones that buy up all those taylor swift tix, but you're wrong too.

The lowest of low are the people that got in on the boat chip deal and sold them for profit. I don't blame them, because it's a war out there and we've gotta fight to survive. Still, they're lower than low. Like bottom feeders. Some may call them halibut.

There's three things I can't stand in this world:

1. People who are intolerant of other cultures.
2. The Dutch.
3. Flippers.

All that being said, if I got invited into an NAGB I'd go in balls deep! Soon after I recieved them I'd have a "changing direction for my project moment" so I could sell them at market prices. Then I wouldn't be a flipper cause the market is the market, yo.

I have no idea what just happened here

 

[softchewy]

 

[RainmanTrail]

Here’s the thing, people complain about having to pay for the inflated NAGB prices, but the market has determined that is their worth (based on what buyers are willing to pay). And you can resell for approx what you paid anyway.

TLDR: People think they are paying $5k for $1k of chips but really they are paying $5k for $5k of chips.

Exactly. This is what most people don't seem to understand. The money was made when they bought the chips, not when they sold them. Whether someone chose to cash in on that value or not is something else.

I personally love the fact that guys like @ovo were able to add great chips to their collections at significant discounts.

 

[BGinGA]

I have seen this term used but after checking the glossary and spending a shameful amount of time searching the forum for a definition I decided on a post with the term in the title. I’m assuming I’m not the only one that’s wondered.

The Empress Star, Aurora Star, and Pacific Star chip sets (six total) were purchased from GPI through a foreign-based corporation that was created to supply gaming services to casino cruise ships.

There was a cash set ordered for each of the three referenced ships, plus a tourament set for Aurora Star and two tournament sets for Empress Star.

The chips were made available by the corporation to a small private invite-only investment group of chippers, some of which were involved in the six distinct designs (chip color/spot combos and inlay artwork). Roughly 300,000 total chips were ordered in three separate purchase orders.

The six sets are collectively referred to as 'boat chips' by some on PCF.

 

[chippitydoodah]

"TLDR: People think they are paying $5k for $1k of chips but really they are paying $5k for $5k of chips."

Except when they are MGM Grand Detroit fracs...then you're paying $900 for $25 worth of chips.

 

[softchewy]

The Empress Star, Aurora Star, and Pacific Star

and of course, the pessimistically named, Sinking Star

 

[Coyote]

Says the butt-hurt critic whose PCF join date is 2018.

I didn't call names either you or anybody else.

Well, that's an all-time sucker's move.

Sure.

 

[TheBigTater]

Boat Chips is just a trigger phrase used to stir the pot and rile up 90% of the forum, even though 75% of them don't really know what happened & why they are so worked up about it.

 

[chippitydoodah]

BOAT CHIPS???

 

[SteveEH]

75% of them don't really know what happened & why they are so worked up about it.

*Raises hand

 

[Kage]

I didn't even know boat chips were a thing, thanks for this insight lol now I have even more options to pick from.

 

[SteveEH]

I didn't even know boat chips were a thing, thanks for this insight lol now I have even more options to pick from.

I figured it out when the RPC chips hit "the market."

NAGB/Boat chip, same diff

 

[bergs]

It was always a marketplace. Anyone who ever believed otherwise was in denial.

He’s right, he was ahead of the curve.

 

[bergs]

Here’s the real deal. There are older chips that are leaded and heavier than normal Paulson chips as a result.

The leaded chips don’t float - they sink like a rock. The unleaded chips float. Any newer chips are unleaded so they call them “boat chips” because they float like a boat.

It’s kinda silly but I didn’t make it up. If you have a newer unleaded chip, and you can get it to float in a cup of water, congrats! You have a boat chip.

 

[SteveEH]

Here’s the real deal. There are older chips that are leaded and heavier than normal Paulson chips as a result.

The leaded chips don’t float - they sink like a rock. The unleaded chips float. Any newer chips are unleaded so they call them “boat chips” because they float like a boat.

It’s kinda silly but I didn’t make it up. If you have a newer unleaded chip, and you can get it to float in a cup of water, congrats! You have a boat chip.

Listen to the guy with the only respectable boat chip.

I'm not jealous, I'm just envious

 

[ovo]

Here’s the real deal. There are older chips that are leaded and heavier than normal Paulson chips as a result.

The leaded chips don’t float - they sink like a rock. The unleaded chips float. Any newer chips are unleaded so they call them “boat chips” because they float like a boat.

It’s kinda silly but I didn’t make it up. If you have a newer unleaded chip, and you can get it to float in a cup of water, congrats! You have a boat chip.

Berg came up with that one, watching his junk float in the hot tub

 

[bergs]

Berg came up with that one, watching his junk float in the hot tub

It’s true, my junk is not leaded. And it’s been called a lot of things, but never a “boat”. Maybe a dinghy. Or a dongy.

 

[bergs]

Listen to the guy with the only respectable boat chip.

I'm not jealous, I'm just envious

If we’re going by the definition of the boat chips having been ordered for a company that facilitates gaming for cruise lines, mine don’t qualify as boat chips. They were ordered by a legitimate brick and mortar state-registered casino in the northeast who gave them as promotional gifts to players to try to get the room jump started (small, 5 tables, games only going in the afternoons generally):

 

[kk405]

The Empress Star, Aurora Star, and Pacific Star chip sets (six total) were purchased from GPI through a foreign-based corporation that was created to supply gaming services to casino cruise ships.

There was a cash set ordered for each of the three referenced ships, plus a tourament set for Aurora Star and two tournament sets for Empress Star.

The chips were made available by the corporation to a small private invite-only investment group of chippers, some of which were involved in the six distinct designs (chip color/spot combos and inlay artwork). Roughly 300,000 total chips were ordered in three separate purchase orders.

The six sets are collectively referred to as 'boat chips' by some on PCF.

If we’re going by the definition of the boat chips having been ordered for a company that facilitates gaming for cruise lines, mine don’t qualify as boat chips. They were ordered by a legitimate brick and mortar state-registered casino in the northeast who gave them as promotional gifts to players to try to get the room jump started (small, 5 tables, games only going in the afternoons generally):

And if we are going with these definitions, TP chips were ordered by a legitimate, existing, and operating casino, in a foreign/international territory.