 | 
01-01-2008, 09:34 AM
|  | | | Join Date: Mar 2005 Location: Dallas Age: 37
Posts: 6,984
Chips: 39,043
| | | Are rare chips MORE valuable when they have a defect?
I heard in coin collecting that defects increase the value a great deal. Does the same hold true for gaming tokens and chips? What is the term called, if there is one? |
01-01-2008, 11:05 AM
|  | | | Join Date: Jan 2006 Location: St Augustine Florida
Posts: 646
Chips: 632
| | | Re: Are rare chips MORE valuable when they have a defect?
True "Error" chips are worth more than chips without errors UNLESS the error is common.
Chip on the right is worth a few bucks, chip on the left is worth a few hundread bucks   |
01-01-2008, 11:10 AM
| | In the Money | | Join Date: Jan 2007
Posts: 299
Chips: 138
| | | Re: Are rare chips MORE valuable when they have a defect?
Quote:
Originally Posted by deputyfl  True "Error" chips are worth more than chips without errors UNLESS the error is common.
Chip on the right is worth a few bucks, chip on the left is worth a few hundread bucks | they look the same what is the difference
ray |
01-01-2008, 11:13 AM
|  | World Series Champ | | Join Date: Dec 2006 Location: Madison, WI Age: 25
Posts: 6,307
Chips: 1,037
| | | Re: Are rare chips MORE valuable when they have a defect?
Quote:
Originally Posted by ray miller they look the same what is the difference
ray | Look harder Sherlock.
__________________
And shepherds we shall be, for Thee, my Lord, for Thee.
Power hath descended forth from Thy hand,
That our feet may swiftly carry out Thy command.
So we shall flow a river forth to Thee,
And teeming with souls shall it ever be.
In nomine Patri, et Fili, Spiritus Sancti. |
01-01-2008, 12:43 PM
|  | World Series Champ | | Join Date: Mar 2006 Location: "My Island"
Posts: 4,089
Chips: 770
| | | Re: Are rare chips MORE valuable when they have a defect?
Quote:
Originally Posted by links_slayer Look harder Sherlock. | ..But that doesn't make any cents. 
__________________ "Beidh lá eile ag an bPaorach." "We'll live to fight another day."  ~~LNC~~ M.I.A."In order to find his equal, an Irishman is *forced* to talk to God."  Irish  |
01-03-2008, 09:11 AM
|  | Always Digging for Chips! | | Join Date: Jun 2005 Location: Tucson, AZ
Posts: 2,559
Chips: 10,809
| | | Re: Are rare chips MORE valuable when they have a defect?
Quote:
Originally Posted by TenPercenter I heard in coin collecting that defects increase the value a great deal. Does the same hold true for gaming tokens and chips? What is the term called, if there is one? | Ten, I think the major distinction here is than generally speaking, coins are minted with the intent of each one being a quality item and a duplicate of all others.
Chips on the other hand are made without the same degree of tolerances and each one is only intended to be very similar to all others. Variables like insert alignments to inlays are random, mold alignment to inlays and inserts are random and so on, tends to allow each and every chip to be slightly different from all others.
Depending on the type of chip, some errors happen all the time, while others are unique. Mis-aligned inlays are a common type of error, while mis-matched inlays are very unusual. Mis-aligned inserts are common, but missing inserts are very uncommon.
In some instances an error condition results in the chip being categorized as "damaged" and damaged chips carry a value of about 20% of an undamaged version.
I would venture to say that each error chip needs to be evaluated on a case-by-case basis.
So, do you have an example?
Jim (Gaming Ore) Follis  |
01-03-2008, 09:54 AM
|  | | | Join Date: Mar 2006 Location: Washington State
Posts: 1,920
Chips: 512
| | | Re: Are rare chips MORE valuable when they have a defect?
Check this out. I think this is what you are looking for G(JF)O as an example of a "Not so cool" error chip. I kinda like it though.
MGM $20. The chip is Mint but check out the writting on this side. The other side is normal and those are not scratches... Just something weird happened during the manufacturing process, although I am not sure what exactly. 
Sorry about the dirty scanner.
- Couga
__________________
"The guy who invented poker was bright, the guy who invented the poker chip was brilliant." - Big Julie
CCGTCC Member R-6618 errr...ummm, now R-7875
Last edited by Couga : 01-03-2008 at 10:14 AM.
|
01-03-2008, 09:55 AM
|  | In the Money | | Join Date: Sep 2006 Location: Lubbock Age: 41
Posts: 333
Chips: 121
| | | Re: Are rare chips MORE valuable when they have a defect?
I have an error chip from Poker Palace in Vegas. There were 2000 of each suit made showing a royal flush. My chip is a Diamonds chip with hearts printed on one side. |
01-03-2008, 10:29 AM
| | Always Digging for Chips! | | Join Date: Jun 2005 Location: Tucson, AZ
Posts: 2,559
Chips: 10,809
| | | Re: Are rare chips MORE valuable when they have a defect?
Quote:
Originally Posted by Couga Check this out. I think this is what you are looking for G(JF)O as an example of a "Not so cool" error chip. I kinda like it though.
MGM $20. The chip is Mint but check out the writting on this side. The other side is normal and those are not scratches... Just something weird happened during the manufacturing process, although I am not sure what exactly.
Sorry about the dirty scanner.
- Couga | Unfortunately, I have to agree with this example. It would appear that the ink was thin and did not print fully. A better error condition would have been if the ink was completely gone, or in a different color.
However, since this error happened to a chip of unusual denomination and from a well like gaming establishment, chances are it will have greater collectibility from a larger group of MGM enthusiasts. So, a pretty common error, but the chip would likely get more in value than one of it's better versions.
Just my opinion!
J(GO)F |
01-03-2008, 10:40 AM
| | Always Digging for Chips! | | Join Date: Jun 2005 Location: Tucson, AZ
Posts: 2,559
Chips: 10,809
| | | Re: Are rare chips MORE valuable when they have a defect?
Quote:
Originally Posted by cigarherb I have an error chip from Poker Palace in Vegas. There were 2000 of each suit made showing a royal flush. My chip is a Diamonds chip with hearts printed on one side. | I don't have enough information at hand to know if the background screen was intended to be that same suit design as the depicted royal flush hand, but I suspect that that is the case, and if so, this chip is an error.
However, it is not likely one-of-a-kind, BUT!!!! It could be. The process used by Chipco to imprint their chips is different than what we see for Paul-Son inlays. Chipco is very computer based and prints out a sheet of transfer inlays. A sheet can contain 12 or more images of inlays in a set pattern.
A tray of blank ceramic chips is overlayed with the transfer sheet and under heat and pressure, the reverse image inlays are transferred to the blanks. Using a cut and paste process, all the images are the same, however, it is possible to copy/paste the incorrect image into any one of the locations, but it is more likely that the erroneous image is used for an entire transfer sheet.
But again, it is also possible that the erroneous image was used when all the transfer sheets were printed. Therefore, all the reverse sides of the diamond royals have hearts, or one per transfer sheet, or just the one chip.
Have you seen other diamond royals?
J(GO)F |  | |
| Thread Tools | Search this Thread | | | | | Display Modes |  Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is On
Chips Per Thread View: 0 Chips Per Thread: 0 Chips Per Reply: 0 | | |
| |
