Do you think that location of the casino affects the value of the chip?

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Is the city, state of a casino a key factor as to the chips value?

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    23
The Chip Spa

The Chip Spa

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There seems to be many schools of thought on the values of chips. Naturally rarity (at least perceived rarity) is a major factor. Condition, also very important. Genuine or counterfeit, also a major factor. Appearance (colors, inserts) factor? History of the chip or casino.

Many new fantasy chips, even those made by Paulson in recent years, even though Paulson has promised the industry they wouldn’t make such chips any more have become a segment.

All those things aside, I’m wondering everyone’s thoughts on what casino location alone does to affect value of a chip. In this topic I also want to skip over the fact that differing values between set collectors and singles collectors is very different in general as this is a whole other topic of discussion.

So, is a Nevada chip the king of value? Is it California? Is a chip from an obscure casino in Indiana as valuable as a chip from an obscure Nevada casino?

Vote the poll and make a comment on your thoughts regarding value based on location.
 
I also believe that location value is purely subjective as it is as individual to the collector as color or inserts preferences. I feel that South Dakota, in particular, Deadwood, has the most brilliant looking chips around as far as appearance goes and that factor influences value to me but maybe not to others.

Some think that there is some kind of extra value to be placed on California Card Room chips. Why? Because they're from California? There's Poker rooms in many states so why is California somehow special? Because they used primarily Yellow as a base for their $5's? They used $20 instead of $25 chips? (A whole other discussion).

The size and history of a casino is another topic we can discuss later as I believe this is a key point in determining value, but others may not.
 
I consider this a story of averted disaster!

Being it relates to the topic of historic vs. looks here is the place to tell it!

I heard that @HelluvaLady23 had won an auction at a site I hadn't heard of before, seems everyone is now putting up their own auction and selling sites, EXCELLENT! another site on the list of dozens to keep the hunt interesting!
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I went to the site and saw the Ambassador Plaza in San Juan chips and was very interested as I have many from there. I guess my excitement led me not only to register to bid, but to also file some bids on the chips. I received this right away!

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Like a kid in a toy store I bid away without paying enough attention to the pictures which were NOT representative of what was being offered in some cases (reading is hard! ;) ) The $500's showed the rack.

I received an email the following day stating that I was not "qualified to bid".

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Naturally I asked..........

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And I received this.........

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I found out later that the advert for these auctions was on PCF which I don't surf that often unless someone points out a sale.
(Which incidentally forwards you to his own site which I was banned from PCF for supposedly doing, but that's a whole other story)
I responded.......

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Received........

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I'm ok with proxy bidding so I talked to @HelluvaLady23 who said she would place bids for me. Ok, cool a solution! even one from the seller who was willing to take a bid from me even though I didn't "qualify". Figuring my bids were removed and the current bid amounts would be adjusted I went to look at the values to place my proxy bids and to my surprise all the items were still at the bids I placed myself which were multiple bids seemingly against other bidders to get to winning bidder on the items.
Maybe this was an oversite on the sellers part? so........ I asked.......

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And received right away.........

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A bit sketched, I decided not to place any further bids on the chips that I had bid on previously, but the $500's I would and asked Brie to bid the $500 bid on them without noticing that it was for a BARREL!!!!! (opps!). Thankfully as of this posting I was outbid and got a message from Brie asking if I wanted to bid again to which I said yes, she asked me if I realized that the bid was for a barrel not the rack......
My response "DISASTER AVERTED!" o_O.

What's the point of all this ranting?? To try and cast shade on this Jim guy? NOT AT ALL. but it did seem to me a bit weird, but, It is to, which I guess I could have shortened this whole thread by simply asking, ask if anyone thinks that given the non famous foreign (kind of) chips, which are pretty worth (Currently bid at $520 or $2600 a rack) that much money and if the value is based on historic casino value or appearance.

I'm also interested in thoughts on the running of the auction and whether is seems at all concerning from someone, that if they didn't know of PCF or who the guy was, which I don't.

Long thoughts today........ Thanks for reading if you got this far! Interested in your thoughts on the subjects!

Dan


PS If you want to follow along his auctions are at : https://the-chip-vault.myshopify.com/

But make sure you don't bid unless "qualified".
 
Per reference, I paid less than half of that for genuine, uncirculated, sands hotel and casino Las Vegas one dollar chips.

Naturally, I am out on the San Juan 500s
 
For me, nostalgia is the most important factor, and because of that, location. First casino I ever stayed and gambled at was the Stardust, so I'm naturally inclined to those. I've come across some awesome sales, for instance mint Beau Rivage, but I've never been there, and likely will never visit there, so I didn't pull the trigger. Interesting to see the poll results so far.

Regarding the auction, I did see all the back and forth about qualified bidders over at PCF. And to me it didn't pass the smell test. I also didn't like how they were listed under the PCF classifieds, but then linked to this private site. No thanks
 
paulkersey said:
For me, nostalgia is the most important factor, and because of that, location. First casino I ever stayed and gambled at was the Stardust, so I'm naturally inclined to those. I've come across some awesome sales, for instance mint Beau Rivage, but I've never been there, and likely will never visit there, so I didn't pull the trigger. Interesting to see the poll results so far.

Regarding the auction, I did see all the back and forth about qualified bidders over at PCF. And to me it didn't pass the smell test. I also didn't like how they were listed under the PCF classifieds, but then linked to this private site. No thanks
Click to expand...
Yes. If you’re a Pcf fan why not just use his auction threads.
 
The Chip Spa said:
Yes. If you’re a Pcf fan why not just use his auction threads.
Click to expand...
From my understanding he wouldn’t be able to limit it to original 60 but then it looks like his site can’t either if others are able to bid.

I did find the listings confusing but I can barely read much less understand what I just read half the time.
 
He keeps adding things, I assume for the same 60 people?? Interesting way to do business.....
 
My chip location memory recall is nowhere near what some members is!! I knew I’ve seen these in quantity in the past and was racking my brain trying to remember where. Then it hit me. In the Beverly Hills Hoard!! Either it’s for him or a silent sell off must have happened. Or maybe there is just a lot of them out there.
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There were some additional factors that I was very sketched out by involving payment and shipping. I am not willing to share those publicly as they're private details but if anyone involved directly with the auctions I can share them via pm
 
That entire thing is BEYOND bizarre. The original donation thread was put up two years ago, and then silence. Now, it’s about the most funky sales method I’ve ever seen. I can’t imagine how much money he must be costing himself (or the person that’s allegedly selling them). Again, just so freaking weird.
 
It gets weirder by the minute.... I see now that the bids are all lowered after I posted here that they were high from my bids.......

If you're not qualified don't bid???? Really????? WTF See highlights below.
 
Jeeze... You can proxy bid through me too. Or I can prequalify you for the low price of $99, payable only in Bitcoin. What a farce
 
Lest we forget that someone can deliver chips for a long time then turn. Not saying that this guy would do it. But he did leave my high bids up for a couple days. I see now they’re gone and lower.
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