It was not my intention to seek advice when I posted this message on the message board. I only wanted to warn others to be careful when trading. Some of you responded with the advice to turn down the trade if I did not think it was fair. This is exactly what I did. It's one thing to trade an $8 chip for a $10 chip and vice versa, but I still beleive that for someone to ask for a $40 chip in trade for a current $1 chip it is bordering on thievery. By the way, the chip in question was a $1 Treasury (LV) chip which constantly sells for about $40 on ebay. Thanks to all who commented on my message.
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