Paul has some good points and I will add one more comment. The value question is why I recommend that people with trade lists put prices on their list. It can get frustrating to try to work out a trade without knowing what value the person on the other end has assigned to a chip. You may think (or know) that his chip is worth $15 when he thinks it is worth $50. And even when people do assign a value it is good to know how that value compares to book value. Some poeple set a value at the high end of book value but say that they will sell for less for cash. I normally set my chips at or below the low end of book value and will sell or trade for that value. In the end the only thing that matters is if you are happy with the deal.