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07-01-2005, 05:24 PM
| | On the Bubble | | Join Date: Jul 2005 Location: Houston, TX
Posts: 63
Chips: 64
| | | Poker Bubble
How much longer does the poker craze have?
Will it be good for chip collectors (i.e. finding better deals on rare chips)?
Can poker chips retain value over the long run like Coins?
Just curious about the community's thoughts. |
07-01-2005, 05:52 PM
|  | World Series Champ | | Join Date: Apr 2005
Posts: 4,388
Chips: 111
| | | Don't think this poker thing will stop, the crazy growth might slow down in the future. Poker has always been popular but the exposure on TV and the convenience of online site has just make it explode.
As for collector's chip, I don't think it will beat collecting coins. |
07-01-2005, 06:41 PM
| | World Series Final Table | | Join Date: Apr 2005
Posts: 2,541
Chips: 1,728
| | | Re: Poker Bubble
Chips issued by casinos will probably keep their value in the collector market. I wouldn't expect consumer or fantasy chips to maintain their value as some can right now (e.g. anything Paul-Son) Quote: |
Originally Posted by disqman How much longer does the poker craze have?
Will it be good for chip collectors (i.e. finding better deals on rare chips)?
Can poker chips retain value over the long run like Coins?
Just curious about the community's thoughts. | |
07-01-2005, 07:25 PM
| | Short Stack | | Join Date: Jun 2005 Location: Canada City
Posts: 38
Chips: 46
| | | when hockey comes back, poker loses it's massive tv coverage...that is when it slows down to the truely serious, and the "jumpers on" will slowly fade away |
07-01-2005, 07:25 PM
|  | Mod & Postmeister General | | Join Date: Apr 2005 Location: Massachusetts
Posts: 15,183
Chips: 13,228
| | Quote: |
Originally Posted by dad604 As for collector's chip, I don't think it will beat collecting coins. | I'd have to agree with that. Coins have the advantage of their composition. Most rare and collectible ones are made of gold or silver and always have that intrinsic value. Back about 25 years ago, the price of silver got so high that many old silver coins were sold for their scrap value which was higher than their numismatic value. Damn shame too, lots of classic coins melted for scrap (mainly silver dollars since they were about an ounce of coin silver and probably a bunch of half dollars as well) 
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07-01-2005, 07:47 PM
| | World Series Final Table | | Join Date: Apr 2005
Posts: 2,541
Chips: 1,728
| | If you're referring to when the Hunt brothers tried their little silver shortage scam, I seem to remember the value of silver coins remaining above their actual silver value. Can't say as I heard of anyone melting down US silver coins for it's silver content. Besides for those who traded in commodities, it was $1000 face value bags of mixed silver coins that were bought and sold. Quote: |
Originally Posted by JM I'd have to agree with that. Coins have the advantage of their composition. Most rare and collectible ones are made of gold or silver and always have that intrinsic value. Back about 25 years ago, the price of silver got so high that many old silver coins were sold for their scrap value which was higher than their numismatic value. Damn shame too, lots of classic coins melted for scrap (mainly silver dollars since they were about an ounce of coin silver and probably a bunch of half dollars as well) | |
07-01-2005, 07:49 PM
| | On the Bubble | | Join Date: Jul 2005 Location: Houston, TX
Posts: 63
Chips: 64
| | some fantasy chips are selling as high as $2/chip, and i have seen collectors chips online that fetch unreal prices http://www.casinorarities.com/lvsale.html
Paulson's stock (GPI) has quintupled over the last year, and they (along with others like chipco) are reaching out to the retail markets, I assume for the first time. You all have done this much longer that I have, is there a chance that the market will become so saturated with chips, that even the rare chips begin to lose thier appeal? |
07-01-2005, 07:58 PM
| | World Series Final Table | | Join Date: Apr 2005
Posts: 2,541
Chips: 1,728
| | All of the chip makers have sold directly to the retail market at one time or another. Part of the reason some people are willing to pay such high prices for Paulson chips is due to the fact that they did not sell to the retail market. While prices have risen significantly on some chips there are still compression molded chips that are reasonably priced and have not fallen victim to inflated pricing. They're usually the solid color (no spots) hot stamped chips. Quote: |
Originally Posted by disqman some fantasy chips are selling as high as $2/chip, and i have seen collectors chips online that fetch unreal prices http://www.casinorarities.com/lvsale.html
Paulson's stock (GPI) has quintupled over the last year, and they (along with others like chipco) are reaching out to the retail markets, I assume for the first time. You all have done this much longer that I have, is there a chance that the market will become so saturated with chips, that even the rare chips begin to lose thier appeal? | |
07-01-2005, 08:45 PM
|  | In the Money | | Join Date: May 2005 Location: Guess!
Posts: 425
Chips: 653
| | | I think like anything else Poker will reach its peak, but it will never be as unpopular as it was before, there are just too many people playing now. I am not sure if the return of hockey will take away from it. |
07-01-2005, 08:48 PM
| | On the Bubble | | Join Date: Jul 2005 Location: Houston, TX
Posts: 63
Chips: 64
| | | you're probably right, but let's not underestimate the draw of hockey...... |
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