Paulson Chips.....I need some advice: (Pics inside) |
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Posted Thu Mar 24, 2005 1:21 pm GMT by ChkDeezNuts
I can get my hands on these.....do you know anything about them? I do know that they are out of production, and will be out of commision in 30 days....is it worth it for me to buy them? Can money be made here? Do you know anything about them?
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Posted Thu Mar 24, 2005 1:35 pm GMT by circlencircle
| ChkDeezNuts wrote: | | I can get my hands on these.....do you know anything about them? I do know that they are out of production....is it worth it for me to buy them? Can money be made here? Do you know anything about them? |
My personal impression of the market is if they are "Paulson" they have value. The question is are they worth more than you are going to have to pay for them and how many will you have.
Posted Thu Mar 24, 2005 1:40 pm GMT by PanthersHUTCH15
CirclenCircle is right. If you decide to pass, let me know, I wouldn't mind having 2 sets.
Posted Thu Mar 24, 2005 1:43 pm GMT by ChkDeezNuts
I can get 500 right now.......does anybody have an idea what they are worth?
I can buy 500 or more for less than $1 a piece.....less than 500 would be over a $1 a piece.......
It's from a casino that is changing out there Paulsons for Chipcos.
I would need to get $2.50 a chip to make it be worth my while.
If I buy them...I will be buying ALL of them....so you all see my dilemna.
Posted Thu Mar 24, 2005 2:27 pm GMT by Always_Bored
| ChkDeezNuts wrote: | I can get 500 right now.......does anybody have an idea what they are worth?
I can buy 500 or more for less than $1 a piece.....less than 500 would be over a $1 a piece.......
It's from a casino that is changing out there Paulsons for Chipcos.
I would need to get $2.50 a chip to make it be worth my while.
If I buy them...I will be buying ALL of them....so you all see my dilemna. |
how will you be reselling them? In a lot or individually? Can you buy a few to see if you can get rid of them then buy the rest?
Posted Thu Mar 24, 2005 2:39 pm GMT by ChkDeezNuts
| Always_Bored wrote: | | ChkDeezNuts wrote: | I can get 500 right now.......does anybody have an idea what they are worth?
I can buy 500 or more for less than $1 a piece.....less than 500 would be over a $1 a piece.......
It's from a casino that is changing out there Paulsons for Chipcos.
I would need to get $2.50 a chip to make it be worth my while.
If I buy them...I will be buying ALL of them....so you all see my dilemna. |
how will you be reselling them? In a lot or individually? Can you buy a few to see if you can get rid of them then buy the rest? |
Problem is....the guy will sell me 100 easily....but then the offer is off the table.......
The smallest amount I will buy is 500....so I can make a somewhat decent profit.....
The window I got is 30 days....the $1 chips in this place will become chipcos in that time, so they are still in circulation. He will sell me less than 500 chips at a markup from the face value, with the caveat that they will be delivered to me, (they are not allowing walkup buys, to not breakup the sets), If I buy 500 chips or more (lots of 100) he will give me a discount from the face value ($1) the $5 chips go out of commision in 6 months, They are keeping the $10 and $25 chips in circulation. The .50 chips are all sold.
There is 15,000 for sale BTW.
Posted Thu Mar 24, 2005 2:59 pm GMT by circlencircle
Something else to consider is that most of these are going to be well worn and also probably quite dirty. To get the most out of them they need to look good. You will have a much harder time convincing someone to pay top dollar if the chips look abused. Additionally, I would watch eBay for a week or two and see what the Paulson’s are doing there. As I said, simply being Paulson’s gives them value but the fact they are all the same denomination will make it more difficult to get rid of them and turn a profit. It’s too bad you can’t get at least 3 consecutive denoms.
Posted Thu Mar 24, 2005 10:23 pm GMT by ledavatar
get some more pics of the $1 and $5 sets and see if you can organize a group buy to buy all of them so we all get reduced prices. If you buy all 15,000, what will the per chip cost be?
Posted Fri Mar 25, 2005 11:44 am GMT by HELO
Probably the most hideous chip I have ever seen. But hey, They're Paulsons.... Still wouldn't buy them.
Posted Fri Mar 25, 2005 12:39 pm GMT by ChkDeezNuts
| HELO wrote: | | Probably the most hideous chip I have ever seen. But hey, They're Paulsons.... Still wouldn't buy them. |
Thanks for the input.
Posted Fri Mar 25, 2005 1:58 pm GMT by warewulf619
Yeah, I'm not too crazy about their all over design, but might pick up a set if they were a decent price, under $1 per chip.
I wouldn't consider it unless you have a definite lock on the $5 chips.
Posted Fri Mar 25, 2005 2:31 pm GMT by Sean_in_NJ
| ledavatar wrote: | | get some more pics of the $1 and $5 sets and see if you can organize a group buy to buy all of them so we all get reduced prices. If you buy all 15,000, what will the per chip cost be? |
I think you've missed the point. Unless I'm mistaken, he's trying to buy wholesale and sell retail.
Posted Fri Mar 25, 2005 8:04 pm GMT by ChkDeezNuts
| Sean_in_NJ wrote: | | ledavatar wrote: | | get some more pics of the $1 and $5 sets and see if you can organize a group buy to buy all of them so we all get reduced prices. If you buy all 15,000, what will the per chip cost be? |
I think you've missed the point. Unless I'm mistaken, he's trying to buy wholesale and sell retail. |
Exactly.....I am just testing the waters to see if it is even worth the effort.
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