This is still being worked on, any comments are welcome...please respond via email direct.
TRADING POLICY
• A trading policy, is usually never the same with any two chip collectors, having said that I will try to explain my trading policy.
• Let’s go with the obvious first: commons for commons, Current table chips for current table chips, new racks for new racks. Of course, there are always an exception or two to the above rule: For instance if there is a charge to get into the facility, or it is a member only club, you get my drift. I may want more than a common for a chip like a “Greenbriar” or a “Delaware Sport Lounge”. If I was to trade these chips at all.
• Denominations seems to throw new collectors a curve. Many cannot understand why they cannot trade a common $5 chip for 5 - $1 chips. There are several reasons that this is not something that some collector/dealers do not want to do. One is the ratio of $1 chip collectors to collectors that collect higher denoms. Mostly, in order to acquire the five chips, (from the example above) it takes five times the effort, gas, and expense as it takes the one $5 chip. And yes, the actual value is the same, but not really. Also, invariably the new or novice collector will stray into the higher valued or obsolete chips when picking the 5 that he feels he deserves for the one $5 chip. Some people are ok with this, when you find them, try not to take advantage of them. I lean on the side of not doing it, but posssibly in part; of a large trade, or the higher denom is a chip I really want for my collection.
• Next there is a group of chips that are made available by dealer/investors that eventually flood the market, actually lowering value of the chip below its face value; in some cases, it is hard to give them away once you have been unlucky enough to acquire. Examples of this are: Castle Casino, Jok-Erz Casino, Iron Horse Casino, Sonoma Joes, California Bell, etc. These can be mixed in with the commons in most cases. There are some in this group that are very slowly being meted out in order to maintain some value.
• Let’s try and tackle the obsolete group…these have to be trade based on the Guides valuation. And/or the asking price. There are numerous guides, most people are aware of the TCR(The Chip Rack) which covers Nevada. There are also separate guides for CA, WA, MT, and CO. There are also guides that cover areas such as such as the Official U S Casino Chip Price Guide, this guide cover NV, CO, SD (Deadwood), Riverboat States (IL, IN, IA, LA, MS & MO), and Atlantic City. There is one more guide that covers multiple states: A Guide to the Casino Chips of MI, MN, ND SD and WI…and many guides are available on the internet. I will try to help you hook up with any sellers of any of these guides should you be interested. One last thought on obsolete chips, it is always up to the two people that own the two chips that want to trade; to be satisfied with the trade.
• Some helpful points, that makes the trades go more efficiently:
1) If it is a lopsided trade where additional p/h is required throw in a couple of extra chips (example tokens always weigh more)
2) Always let the trading partner know when you receive your chips.
3) Try not to send severely nicked, damaged, or extremely dirty chips.
4) Some traders require a photo image pre-ceding the actual trades, accommodate them, unless you do not have scan capabilities.
5) Try to be an equal partner in the trade, do not make one party of the trade do all the work.
6) I prefer to trade with CC-GTCC members, because of the honesty of this group is impeccable. I do and have made trades with non-members.
• This is a work in progress, will be adding bullets as I think of them…Reggie
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