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Originally Posted by Mr. Creosote I guess what I'm asking is: does a sudden influx of rare chips affect the market price, and is there a moral obligation on the part of the seller to let the chip collecting community know how many of these are for sale? Let's change the sale price of the chip to $1000.00. Does that make any difference? I'm sorry if my original post wasn't clear. My fault.  |
I think I understand the question now. I believe the sudden influx of "rare" chips does affect the market price. Rare can be subjective though, but that's another discussion. An example of this was seen when an ebay seller started selling this chip.
The above chip per the Campligia and Wells Chip Price Guide is listed as Very Rare with only 16-30 chips known an estimate value of between $400-$800. It was later found out that there was at least a rack (100) of these chips in new condition. The first few chips sold on ebay were fetching at least the $400. As more chips were released into the market, the price came down. I've seen this chip sell recently between $88-$125 lately.
Related to the moral obligation part of the question. I think that's something you have to decide on yourself. I'm not sure what I would do. Part of me says you should say something, but another part of me says you don't need to unless someone asks. Another part of me says, maybe it doesn't matter. If I had 100 chips of something that is in great demand and previously only 16-30 were owned, but instead of flooding the market, I decided to sell only 2-4 a year. I think the prices, although woudln't sell at a premium, would still hold. Think of the diamond or oil markets, someone holds back production and the prices go up. If the chip is indeed rare, I would probably say something. It would probably cost me money, but I'd want someone to tell me if I were on the buying side instead of the selling side. Do unto others as you would want them to you.. or something like that? I figure I'll wait to see what I'd really do when I find 100 rare chips! Just my .02.
