The real reason for the short issues has been to try to benefit certain people in the secondary market.

You said it Pete.

Lets see, instead of the casino making $500 by issuing 25 $25 LEs. They will be forced to make $10,000 by issuing 500 $25 LEs.

But to be realistic, what if they only find 25 collectors, and have to use the other 450 chips on the tables?

1) The casino lost nothing, they make a profit on the chips.

2) The collectors can get the chips at a reasonable price.

3) The insiders are removed from bilking and gouging collectors for controlled chip issues. So the question of casino employees involved in unethical transactions, is removed.

All three are positive, and everyone wins.

As for the chip "market" that someone brought up. I thought we were collectors. Is there some chip exchange that rates the chip market, like the S&P or Dow Jones. It's the limited issues and insider dealing that ruins collecting. Any area of collecting.

I don't live in a bubble. I realize some people are investing, some speculating, some in the chip business to make money. And some of us are collectors. I'm a collector, so my views are from that perspective. Nothing wrong with dealers, shows, and NIS. There's a major problem with Limited Issues, which are controlled by people who only seek to profit from collectors.

I say bravo for the NGC for imposing the new regulation.