What does it really take to obtain the unobtanium? Can it still be done?

DuckPlug

Get Ducked!
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  • Nov 4, 2022
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    High Plains, Canyon Texas
    Recently had this discussion with my friend The Chip Spa and thought it would be an interesting topic to get into.
    Most old school chippers who have the “unobtanium” sets typically keep it very close to the vest when it comes to what they’re working on or have completed for that matter.

    Have you ever thought about what it would take to put together a vintage, highly desirable leaded TRK or Paulson set in this day and age of the hobby?
    Having recently completed my most prized and treasured set in my collection, I’ve often wondered if it could be done again?
    What would it take now to do it all over again?
    Time……….Money………Luck……..???????
     
    When I used to hunt it took alot of digging, communicating, following paper trails and persistence. Granted as more chips are found these leads become less and less. One holy grail I don't think will ever be uncovered are the Hyattsville chips.
    I guess now a days it's more price point than anything, unfortunately.
    Ah yes the Hyattsville’s. Probably sitting in their original boxes all in one larger box in someone’s basement somewhere. I’m sure when those were made, no one ever thought of not being able to put an order in for more. Those would be an amazing find HelluvaLady23 knowing how they’re literally from your home turf.

    I think in the case of these particular chips, it would be a complete stroke of luck or like finding a needle in a haystack. I’d be willing to wager the chips still exist and are mostly all together in one place buried under who knows what in a dark corner somewhere waiting to be rediscovered.

    You mention the words hunt, digging, communicating and persistence. These seem to be words not heard so much in the post Covid era of chipping. Everyone seems to want turnkey or nothing. If it’s going to be difficult or tough, why even start a project?
    Definitely takes a certain mindset to be able to piece together something incredible and meaningful over time.
    There are many who will just never get it. Too bad for them.
     
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    I’d say until Batman has a heart attack probably not

    My TRK set is pretty low end and I don’t know how you’d get it again without someone just selling the farm
    I’m not so sure even if Batman had a heart attack that that collection makes it back into this so called community. ;) I’d be willing to bet those chips are rigged to self destruct in the event of something like that. :ROFLMAO:

    That’s a collection built on spite, not passion, love or inspiration. More or less I have the resources to buy your soul and you will sell it to me.
    Well I’ve got some news for you, I know of a couple souls that are still intact. Here’s to them.
     
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    I believe that set chipping has certainly affected the Single chipping hobby. Chips that they are looking for a single that aren't really that rare bringing high dollars as they are locked up in coveted sets and rare chips, yes lets say it, like the Cotton Clubs, that there were 2000 known to be made but not "set obtainable" has a 100 chip find and certain singles collectors loosing their minds saying they have gone from 1000-1500 down to $50 while an Eddies fabulous '50's 100 or 500 sell for 30-50 and they're replicas!!

    Mapes $100's another example, 200 a chip? maybe, but then a hoard found, and the offer is $50 for a minute, they're sold to Beverly Hills and aren't seen for a long time...... Bang... back to 200. Wait, there's racks out there!!!!!

    I don't fault Krish for hoarding so many seemingly rare chips one bit as I too am a set collector but I do fault the market for falling to the fact that he over paid for so many chips and the "community", (I just saw the comment at PCF) "Waiting on offer from Windwalker" to extract maximum pain knowing he would pay. In such a small hobby one guy with what equates to an endless budget who can simply out spend anyone for "all the good stuff" caused a massive chip bubble, and in my opinion, proliferated the price points of the NAGB chips. (A whole other discussion), The NAGB's have become simply replicas of most of Krish's chips and folks are paying 6 (Rarely) up to 30 a chip for what we know are $2.20 to $3.70 from Paulson/GPI also seen in a now scrubbed thread at PCF from a casino executive exposing GPI pricing. Again a topic for a whole other thread, why does the sets community want to keep GPI pricing so secret?? Beer distributors clear 3-15 a case on beer from what they pay from the brewery after all expenses! (Beer drinkers don't have a secret society to keep brewery prices secret)

    I say there's a box of rare chips in every garage around the country and "investing" in chips is a slippery slope to say the least.

    To your point, to build a classic set of classic chips only gets harder every day, there's so many on the hunt to build sets of rarer, actual casino chips it has become quite hard. Now, the morbid thought STuDioSuRFiNG brought up of Krish having some health event suddenly (GOD FORBID) IS an impacting force to a small hobby.

    Paying $20 for a chip that was mass produced at GPI, Simply dumb IMO. But then some say that my Starlites shouldn't be $7 because they feel they know what I paid! The difference? there was only 18K of those 1990's leaded TRK's, Ken pricing on mass production GOOD, Ken pricing on old school leaded TRK's BAD........ Pay 1500 for a rare chip to a collector we love...... GOOD, oh, he got them? ADJUST THE PRICE GUIDE!!!!! Interesting personalities in our little hobby to say the least. The few with big money and influence control what the masses will obtain and pay, much like the artificially rare NAGB Chips.

    Pay what you want for what you like, just know and don't be pissy when you cant recover that investment later on which as we see in the PCF classifieds, ebay, chip chat auctions etc. etc. is almost always the case. Someone joked, Stock Market, buy low sell high, chip set collecting, Buy high sell low!!!

    I could go on............. Collect what you like, your way. Start project, give up, sell off, repeat. but to buy chips as an "Investment"? , BUY GOLD AND SILVER not chips!

    There's a reason every ebay sale goes........ See chip, contact seller, "Hello sir, do you have any moooooore of these."?

    I'd love for Steven Cutler to chime in on this subject!

    Chip on, great topic and I assume there's MANY opinions on how hard it is to compile a set of classics and even more opinions on pricing and buying theories!!
    The Chip Spa threw 6-faced dice Reason: HARD 10 Total: 7
    5 5 2 2
     
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    7 out!! How fitting!
    1702044905017.gif
     
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    I've thought about it many times in the last year or so and I've talked with a handful of people including Mikko at work. It would definitely be possible today, but it would take a lot of time and money that's for sure. Considering what chips used to sell for in 2015-2016 or something like that you'd be able to get a rack of Mapes $5s and $25s for $300-400 a rack... Good luck trying to find those chips at those prices today. I mean it's possible to see those racks, but are they ever going to be for sale? Probably by someone who wants to part ways with them, maybe, but to be honest more than likely not. I know if I had those I would have a VERY hard time parting ways. Let alone knowing what they sell for and what I remember seeing a rack of Mapes $5s sold for $2500 or something like that. Finding something like an old Primadonna, El Cortez, Sands or any other Nevada TRK set that old would be a challenge knowing that you may only see one or two a year. Finding a FULL playable set would be absolutely insane, but it's not impossible. You have to remember that these chips that were made in the 1950s and 60s during TRKs prime time (in my opinion) are still out there somewhere. Where they are? I'm not sure, but I'd love to open a safe one day and just see TRK boxes loaded from top to bottom, open one and find something I've been dreaming of.

    Like I said it's going to take money, time and patience to build an old TRK set today if you are trying to, but once it's done it will feel so good!
     
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    I've thought about it many times in the last year or so and I've talked with a handful of people including Mikko at work. It would definitely be possible today, but it would take a lot of time and money that's for sure. Considering what chips used to sell for in 2015-2016 or something like that you'd be able to get a rack of Mapes $5s and $25s for $300-400 a rack... Good luck trying to find those chips at those prices today. I mean it's possible to see those racks, but are they ever going to be for sale? Probably by someone who wants to part ways with them, maybe, but to be honest more than likely not. I know if I had those I would have a VERY hard time parting ways. Let alone knowing what they sell for and what I remember seeing a rack of Mapes $5s sold for $2500 or something like that. Finding something like an old Primadonna, El Cortez, Sands or any other Nevada TRK set that old would be a challenge knowing that you may only see one or two a year. Finding a FULL playable set would be absolutely insane, but it's not impossible. You have to remember that these chips that were made in the 1950s and 60s during TRKs prime time (in my opinion) are still out there somewhere. Where they are? I'm not sure, but I'd love to open a safe one day and just see TRK boxes loaded from top to bottom, open one and find something I've been dreaming of.

    Like I said it's going to take money, time and patience to build an old TRK set today if you are trying to, but once it's done it will feel so good!
    I know a set you can get your hands on................... Ken Pricing!
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    The Chip Spa threw 6-faced dice Reason: Hard 10 Total: 7
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    No rationale price exists
    WW got told to kick rocks trying to buy my 1k’s
    View attachment 5165View attachment 5166
    In a discussion with DuckPlug last night, we both agreed, as I'm sure you would in the end........ Every chip has a price. Period. It's just a matter of what that price is. I have some chips that I say "No matter the offer the answer is NO."
    But at the end of the day, when there's a bag of cash in front of you that answer will change. But it's also a matter of, if there's someone willing to spend frivolously. If he say offered you $1000 a chip? $2000? Then what?

    P.S. Not saying WW would be that dumb, but say anyone.............
    The Chip Spa threw 6-faced dice Reason: HARD 10 Total: 7
    4 4 3 3
     
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