How do you figure value, if chips and tokens are constantly selling for higher or lower than there "value". Wouldn't value always be what someone is willing to pay for it at that particular moment in time? So then how can a "value" be put on a chip or strike? The way I look at it values are constantly changing based on what the last person was willing to pay for it. If I traded one chip for 4 $5 chips I wouldn't say it was valued at $20, I would say its value was those exact 4 $5 chips and thats it. If I then sold them I could then place a monetary value on it.

Being new to the club, and not using feebays prices, how is the value of a chip or strike determined? I would love some insight.

Thanks

Eric