What is wrong with auctions? From the time any item takes on the status of "previously owned", it also must assume a subjective value status. As an example, you have a Harrah's $1 chip for sale for $50. That is NOT the true value, it's simply what you hope to get for it, or the asking price. It's true value will be determined by what some other collector is willing to pay for it.

Now, since you want to sell your Harrah's chip, but it didn't sell after three months, for the $50 you were asking, suggests it's REAL value must be subjective.

Since everyone at an action has their own "subjective" opinion as to what your subjective value chip is worth to them, your chip and an auction sounds like a pretty reasonable match to me!!

Roger