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Old 05-16-2006, 09:47 PM
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Rack of vintage $5 Binion's chips

Here for your viewing pleasure and currently on ebay....

http://cgi.ebay.com/100-Binions-Hors...QQcmdZViewItem




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Old 05-17-2006, 12:14 AM
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Re: Rack of vintage $5 Binion's chips

These have been up on ebay several times. I think the seller started them off around $1k and has slowly been working his way down with each relist. Might be able to make an offer and get a decent deal. Sweet chips...definitely tempting. I'd love to have a cash game set of old Binion's chips.
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Old 05-17-2006, 01:54 AM
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Re: Rack of vintage $5 Binion's chips

Groupbuy!
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Old 05-17-2006, 07:49 AM
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Re: Rack of vintage $5 Binion's chips

Can anyone tell me what ONE of these chips is worth?
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Old 05-17-2006, 12:21 PM
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Re: Rack of vintage $5 Binion's chips

Quote:
Originally Posted by ShadyJoe
Can anyone tell me what ONE of these chips is worth?
I have one of those. Chips are worth what someone will pay for them. I am not sure what the various publications would say, but I have seen that exact chip sell recently for around $10 + shipping on e-bay

AB
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Old 05-17-2006, 05:58 PM
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Re: Rack of vintage $5 Binion's chips

Quote:
Originally Posted by ShadyJoe
Can anyone tell me what ONE of these chips is worth?
Personally wouldn't pay any more than $10 for a single chip - and that's only cause they are in nice shape. But when you get to 100 the price should be a little lower (IMHO).

But the auction is getting better - the first few times they were up on Ebay they were at a might higher price. They were being sold on the shopathometv website for $800

(http://www.shopathometv.com/catalog/...artial&found=4)

They are also selling the 3-chip set. Go to their website and put binions in the search box.
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Old 05-17-2006, 11:24 PM
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Re: Rack of vintage $5 Binion's chips

I wonder how that site acquired those. I wish I could time travel and buy vintage Nevada .10 & .25 cent chips. I see .10 cent chips sell for $30+ all the time----300x the initial investment.
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Old 05-17-2006, 11:47 PM
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Re: Rack of vintage $5 Binion's chips

Quote:
Originally Posted by _GUN_
I wonder how that site acquired those.
If I'm not mistaken, after Binion was killed, his hourd was discovered, which consisted mostly of silver, including silver dollars that were once used for slot machines. He also had chips and the famous Million Dollar display of $10,000 bills!

The hourd was bought and the buyers had sets of silver dollars and chips placed into presentation slabs and included certificates of authenticity and sold them. Several of the $10,000 bills were sold on eBay and the better ones were sold elsewhere.

Since slabbed chips are generally rejected by the organized elements of the chip collecting World (a long story) not many of the slabbed chips made their way into collecting circles. Compounding the "slabbing" was that collectors figured that the hourd really did have thousands and thousands of what were once valuable and hard to find chips.

In the cycle of these things, the chips are now being sold off by the box and based on condition alone, the better chips will probably top out (or bottom out) at around $10!

Again, I caution people not to put big money into ANY Horseshoe chips!!!

Jim (Gaming Ore) Follis
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Old 05-18-2006, 11:19 AM
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Re: Rack of vintage $5 Binion's chips

Quote:
Originally Posted by _GUN_
I wonder how that site acquired those. I wish I could time travel and buy vintage Nevada .10 & .25 cent chips. I see .10 cent chips sell for $30+ all the time----300x the initial investment.
This is a lament of all collectors. I've been to the Playboy in AC and used to play poker at the Claridge with those slippery CIC chips. At the time I said, "these suck". Now I wish I had as many as I used to play with at the tables.

In the case of fractionals for Nevada. They are a dying breed. No 10cent to speak of and even the 25cent and 50cent are few and far between. I've made it a mission to collect a few from each of the places that still have them (RR Pass, Longhorns, etc). In hindsight they are cheap - a stack of them for $5 or $10.
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Old 05-18-2006, 11:36 AM
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Re: Rack of vintage $5 Binion's chips

Quote:
Originally Posted by ShadyJoe
Can anyone tell me what ONE of these chips is worth?
I looked on ebay for an identical chip when this auction was previously listed, and the only one I found around the same time frame sold for less than $5 and had only 1 bid. Not exactly a stellar market if you're looking to resell.

I wouldn't pay more than $500 for the lot of 'em, and that might be a bit high for buying in that quantity.
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