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Help me value my TR kings & various chips

Discussion in 'Chip Identity and Value' started by dimperdoo, Dec 19, 2015.

  1. dimperdoo

    dimperdoo Well-Known Member

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    While many have expressed interest in these particular chips, the prospect of valuing that interest has somewhat eluded me.

    So it's clear, I know well the origin of these. They are among the last of the buys made from TR king before the close. The project came about at the hands of forumite warewulf who handled the group buy & a subsequent buy for non-spot hot stamps & some spotted hotstamps which bore the suicide king design. The inlays these bear were designed by Motion City Soundtrack keyboardist Jesse Johnson. (Motion City Soundtrack is a very successful pop-punk act ~Highly acclaimed and awarded.) I participated in the buy & chose these color/spot patterns as well as denominations. Let's consider them "identified."

    There are a number of TR king chips still available because of the quantities produced which still fetch alarming prices ~frequently north of $5 per chip. For example the stock denominated TRK chips which have always been readily available & were produced in massive quantities by TRK sell easily at $5 each in sample sets. By comparison, those chips are a "dime a dozen." ~so to speak. Which brings us to the crux. These tremendously distinctive albeit playable collectors items are one of a kind. There are literally no other chips precisely like these ones. There are 100 of each denomination in pristine condition un-oiled (eww) some are even still chalky. They have been played very little ~perhaps 2 maybe 3 sessions of tournament play at home.


    TRK_edge.jpg TRK_fan.jpg TRK_stax.jpg

    In my own estimation I could see the set going for $10/chip at $3000. There are times when I think, "I could probably live with that." Then there are the times I think, "what about when I'm 70? ~will they be worth something like $150,000? maybe they're worth that now?" (lol @ $500/chip) But, being involved in the gaming industry, it's not difficult to envision chips being phased out. The corporate level folks don't want to employ dealers & do stuff the slow way (by hand) they envision robots doing the work ~certainly we don't like this idea much like the days the luddites opposed the cotton mill. But you already know there's automated roulette and blackjack. And we all value online poker. Those same folks want to see hand dealt poker go the way of the dodo & applications such as empower online gaming find their way in to the brick & mortar casino.

    So, of course speculatively, these could be something I might retire on?
     
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  2. Couga

    Couga Creativity Alliance

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    Long time no see! Welcome back... Please don't take this as insulting... Just giving my opinion. Not sure about the value of your chips but I would set the over under at $1200 and probably, if given the choice, take the under.

    Rarity with respect to a home game chip is blessing and a curse... That's not an ideal breakdown and the opportunity to add to the set is almost nil.

    Still, great chips but I wouldn't count on them for much in the way of retirement.
     
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  3. dimperdoo

    dimperdoo Well-Known Member

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    indeed, thank you. yeah, every now & then I consider selling the TRKs & a common thought I have is whether they might be worth enough to relinquish my grasp. There's no concern for insult. I actually expected the value to probably have gotten north of $1000 but wouldn't have expected $1500 ~yet. You're right. It's essentially a chip breakdown that needs a tourney geared towards the breakdown.

    I've often thought it would be the thing to do sample sets. People tend to pay more for a handful then would be reasonable extrapolated out to a few racks. That's a lot of work though & seems a little iffy. which is to say something about that seems opportunistic & idk, maybe disrespectful. TRKs are amazing & seeing these all together is far more rewarding than seeing them as a set of 3.

    We've really enjoyed the games where we employed them. I just tend to use my ASMs as I have a bunch ranging from .25 to 1000 ~so I can do cash or tournaments & they are geared towards function. No one is likely to want my personals & we don't mind smoking & eating/drinking while playing w/ those. The TRKs are a little different
     
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  4. mipevi

    mipevi Well-Known Member

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    A stash of TRK's Rounders replica chips was discovered not long ago, and in the end they went for $3/chip with people picking their own breakdowns. I would expect Suicide Kings to go for a bit more, but here the buyer can't decide the breakdown, and your set isn't really deep enough for rebuy games, which may limit the interested parties a bit. I agree with Couga regarding pricing, and think that with a $1000 price tag the set would move for sure.

    I would only sell samples if I had extras... A playable set is supposed to be played with, and if you don't want them, give that opportunity to someone else. You might be able to get a bit more money by breaking the set up, sure, but selling 100 sample sets requires a lot more effort too.
     
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  5. slisk250

    slisk250 Well-Known Member

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    3 bucks a chip, maybe 4 if the correct person wants them. If you get offered in the ball park of 1000, take the money.
     
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  6. dimperdoo

    dimperdoo Well-Known Member

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    I'm not certain the rounders chips are a 1:1 comparison. They were produced in quantity & readily available. Therefor they exist in great quantities & many people have them. It helps that they have the recognition associated w/ the rounders movie. ~something like "casino royale" or "de isthmus." Playability is important to those of us who play poker & enjoy quality chips. Collectible is a different matter. However, it does require an interested collector.

    dimperdoo "That's a lot of work though & seems a little iffy. which is to say something about that seems opportunistic & idk, maybe disrespectful. TRKs are amazing & seeing these all together is far more rewarding than seeing them as a set of 3."

    For me here, I'm not looking so much as "how much should I sell these for" as "just where are they in value so far." It's a thinking like, they have clearly increased in value ~have they exceeded yet their value to me? The answer to that is "no." I would not take 1200 right now.
     
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  7. mipevi

    mipevi Well-Known Member

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    Ok, then I guess you'll get to enjoy them still. I just don't see anyone ponying up more than $4/chip...
     
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  8. David O

    David O Well-Known Member

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    Not worth much so I will give you .25 per chip!!!!

    Just kidding! Very nice chips and if I owned them I would keep them!

    David
     
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  9. David P

    David P Well-Known Member
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    Those look great! Only 100 of each is not great for resale so you should keep them, cherish then and take lots of PrOn photos of them to make the rest of us insanely jealous.
     
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  10. dimperdoo

    dimperdoo Well-Known Member

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    I'll say that I certainly do enjoy them. They have been our special occasion set.

    The wife (ilyu2) & I are building a small business & I've been looking through what I have & considering what might be sold to help w/ finances. Everything is on track & we'll open in March likely. Meanwhile since the finances have been stretched to the limit as we invest, a little extra scratch wouldn't hurt.

    Maybe I should change my title to "help me value my various chips?"

    How do I get sufficient privileges to post in member to member sales?
     
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  11. ovo

    ovo World Series Chump
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    beautiful colors
     
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  12. dimperdoo

    dimperdoo Well-Known Member

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    thanks ovo, i couldn't resist the teal on the 500, & all in all, I can't pick a favorite. While I love quarter pies & the 3 color 1/4 in browns for the 5000 is like the pinnacle option for that denom to me. But, there's something i like about that 514 so that while the others seem like clear standouts to me, i tend to gravitate back to it.

    Maybe I should sell them just to alleviate that particular frustration?

    :)
     
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  13. ledavatar

    ledavatar Well-Known Member

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    From what you’ve said, it seems that you’re treating these chips as a form of investment. You believe that the value will go up substantially in the future, and are questioning whether it’s wise to sell today.

    So from an investment point of view, ask yourself – would I buy these chips today as an investment at $1000, $1500, $3000, etc. with the hopes that they will be worth substantially more years from now? Or is that money better invested elsewhere? In the stock market? In my new business? In my children’s education fund?

    My personal opinion on valuation – I agree w/ the others. Today, it will probably sell at $1000, and probably $1200 if you’re patient. $1500 is possible but more of a stretch. $3000 is a dream – it’s not a good breakdown, esp. with the 500 and 1000 denoms being so close. You may be able to sell a couple of sets of 3 chips at $30, but then it probably will take you years to sell all of them. I also think this is not a complete sample set, there are probably more denominations that you don’t have, which lowers the value of the sample set.

    You also have to bear in mind that as with most high-valued collectibles, the market for them is very small and so liquidity is low if you want to get maximum value for them in a short period of time in the future (unlike say a low-fee mutual fund).

    There has to be a number for which you would sell these chips today. If you think you’re better off with $3000 than these chips today, then so be it, list it in the marketplace, on Ebay, etc. and see what the market tells you. You might get lucky, and it doesn’t really cost anything to list.
     
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  14. dimperdoo

    dimperdoo Well-Known Member

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    You're right about there being more SKs. Most of them are pictured on this forum (if not all) which is to say if the pix from back then are still archived.

    I wonder how that compares to valuing something like these:
    EG_pl_oct.jpg
     
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  15. dimperdoo

    dimperdoo Well-Known Member

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    no, really
    egypt_all.jpg egypt_samp.jpg egypt_rack.jpg

    these will be much more difficult. (Oh how I love challenging people)

    I hope we all know the story on these as the design was commissioned by our beloved tenpercenter & yes, the chipco egyptians essentially started it all ~though I believe the paulson pharaoh buy was the event upon which chiptalk was founded & the more "chip-centric" moved here from 2+2.

    There is essentially 1 complete sample set of each Chipco Egyptian.
    1 - blue .25 (ankh)
    1 - white $1 (cartouche)
    1 - red $5 (some guy w/ a bowling pin for a hat)
    41 - green $25 (eye of horus)
    24 - black $100 (idk it's like a winged beetle about to push the power button?)
    24 - yellow $500 (don king)
    11 - orange octagons $1000 & 5 orange 39s $1000 (anubis)
    11 - purple plaques $5000 & 6 purple 39s $5000 (king tut)

    So, I came up w/ the watermarks from memory hopefully it's precise cause that's critical.
     
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  16. jb12

    jb12 Well-Known Member

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    Gotta love TRKs. Nice colours!
     
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  17. dimperdoo

    dimperdoo Well-Known Member

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    thanks! any thoughts on egyptians?
     
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  18. ledavatar

    ledavatar Well-Known Member

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    I sold my Egyptians plaques for ~$30 each and Octagons ~$20 each back in 2009. I had 10 of each.
     
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  19. dimperdoo

    dimperdoo Well-Known Member

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    TYVM

    I'm interested in contrasting the values here as well. We're looking at 2 sets w/ clear distinctions but what they have in common is that they aren't available anymore.

    how does celebrity design potentially affect the value of the SKs for instance. Clearly, this community might not be the venue to appreciate pop-punk so, the jesse/MCST connection might slip by. But this is a successful international act we're referencing. It wasn't a sold out show when I went but it was a full house. Say, 10 years down the road, they elevate to something like say the stones or motley crue as their peers fall out of popularity but they remain a juggernaut? How likely that is isn't something I have the ability to evaluate either. But it does potentially bear on the value. ~here playability becomes secondary.

    conversely, the egyptians have a multi-generational theme which remains popular after oh idk at least a little while. longer than color photography ( or photography FTM) While they are no longer available & rare, there is the possibility of expanding in to decent playable sets of multiple configurations as the chips were produced en masse in what is clearly a wide array of all the popular denominations. Moreover, as you've noted. The nature of the plaques & octagons is distinctive & raises the bar inherently. So, while it combines collectible w/ playable, they are not as rare by quite a long shot.

    I wonder what the 39s are fetching..
     
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  20. dimperdoo

    dimperdoo Well-Known Member

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    wanted to bump this, i'm considering listing these on e-bay as well. i would like to give something back to the forum. though i must admit i'm saddened that it is reduced to 2 to 4 posts a day compared to it's former bustle. the thread coordinating the poker tournaments on p*s back in the day got more posts than that by itself. don't get me wrong, i've had co-workers discover my posts on here & ask me if it was me ~since they recognized my chips!
     
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