It IS an interesting question, Bill. Although I'm far from an expert on this subject, I'd like to cast a couple of opinions into the pool...

First, basic economics would say that for setting a value on a collectible, the relative scarcity and the general condition of the item would be prime factors. This would indicate that older, rare chips in good condition or one of a kinds would be the obvious choice. But the final determination is what the buyer is willing to pay. There is a subjective component to the valuation argument that is hard to predict.

Also, I'd be a little careful about using eBay as your only barometer for valuing chips. While eBay is truly a global marketplace, and the biggest open market for chips, it is not the only market. There are auctions, private sales, etc. especially for investment grade chips that also influence end valuation.

My personal choice strictly for objective investing? Obsolete Nevada, Crest and Seal, Ivories, and any unique or near unique chips. It's going to be very interesting to see what happens to our hobby if casinos truly go "chipless"...

I can't wait to hear from the real experts on this topic.

Just my 2 cents!

Dave Peterson
R-7963