"and EXACTLY the kind of thing that the SHOULD be doing for its members."

Ken, you have brought up some good points but I disagree with you that the should be taking on this role.

Here’s the logistical issues I see with the taking on this role.

1. When we talk about other clubs (stamp collecting, coin collecting), most of those clubs have 10’s of thousands of members who have the ability to buy collections when they hit the market. Also, most coin and stamp dealers buy collections at 10% - 50% of value. I don’t think the would or should buy collections or buy collections from the families for pennies on the dollar.

2. My assumption is the average collector has 5000 chips (I think this is a conservative number). If it took 10 minutes to scan, catalog, post, pack, mail and process payment for 1 chip, a 5000 chip collection would take around 100 8 hour days to process a collection. If 4 – 5 collections come into the in a year, you’re looking 1 full time person processing chips. A 50,000 item collection could take 3 individuals 1 year to process.

3. What source would the liquidate the chips? If you are trying to get the most money for the family and the , you wouldn’t want to sell chips on . So would that mean the would build a website to sell chips on? How about selling them during the convention, once again how do you display 20,000+ chips for sale?

4. Who determines the value of a chip? If it’s a “one of a kind” chip, who is going to make the determination that the chip is worth $500 or $50,000? Then who is going to be liable if you just priced that $50,000 for $500?

5. So who is held liable for chips that are lost, stolen, damaged or are misrepresented (aka altered)?

6. So what happens to those chips that come in that are slabbed? Do you sent them back to the family or do you break them out before you sell them? Do you send the entire collection back to the family because of the slabbed chip in the collection?

7. With the in direct competition with the 200+ dealers, how does that affect the livelihood of those dealers, the same ones who advertise in the magazine and who buy tables at the convention.

8. So would the help every club member of just lifetime club members. So if someone joins on day 1 and passes away on day 2 does that mean the family has the same rights as a 15 year lifetime member?

9. Would the only handle chips? How about the other items we collect? I don’t think there are too many experts in swizzle sticks, slot machine glass or ashtrays who could give an expert evaluation of the value of a collection.

I see a many more issues that would need to be addressed before the would ever get into helping fellow collectors liquidate their collections.