Are old chips worth anything?

I live in the Detroit area and know a dude who runs estate sales out in the "well-to-do" suburbs all the time. Very often these become estate auctions, and I've gotten some incredible bargains.

Today (12-Sep-12015), there is an estate sale, and it will be an auction tomorrow. Up for bidding is :

"Vintage Vegas Casino poker chip collection including approximately 250 poker Casino gambling chips from closed and current casinos ranging from $.50 to $100 chips"

http://www.estatesale.com/sales/view/60018.html#gal

Are these "collectibles" typically worth the face value, or less or more?

It looks some are worth "something" after a quick look at eBay...


$25 Caesars Palace Las Vegas Poker Chip
$5.50
1 bid

http://www.ebay.com/sch/25-/63754/i.html?rt=nc&LH_Auction=1&_trksid=p2045573.m1684

Many auctions with no bids...so not a lot of value based on about a minutes worth of research. Possibly a little bit, though...

Quote: discflicker

Are these "collectibles" typically worth the face value, or less or more?

Less than face value.

Once, while travelling, I found a casino that had changed their chips out (and their name) - the old chips were no longer negotiable. They were selling off boxes of low denomination chips (60x $5, 20x $1 - $340 face value) for $10 - about 3% of face value.

IMO, the frames are worth more than the chips, and I wouldn't pay more than $10 a frame. The bare chips are maybe worth another $20.

If you should happen to find a negotiable chip in the mix, this raises its value significantly. If you happen to have a buyer lined up, this too raises the value. This is reasonably cool man cave decor.

Don't expect to make a killing on these.

Shucks, I think that Sinatra mugshot poster is almost cooler than the chip collection.

Not buying that either, but the Sinatra memorabilia is probably worth snagging, if it's a good price.

Quote: discflicker

I live in the Detroit area and know a dude who runs estate sales out in the "well-to-do" suburbs all the time. Very often these become estate auctions, and I've gotten some incredible bargains.

Today (12-Sep-12015), there is an estate sale, a nd it will be an auction tomorrow. Up for bidding is :

"Vintage Vegas Casino poker chip collection including approximately 250 poker Casino gambling chips from closed and current casinos ranging from $.50 to $100 chips"

http://www.estatesale.com/sales/view/60018.html#gal

Are these "collectibles" typically worth the face value, or less or more?

I swore off sports memorabilia collecting. I have tons of it in storage. However I do like that pin set.

But I'm interested in casino stuff (not chip's, boring unless you can turn a quick profit)

People are probably going to grab the known sports memorabilia.

Can you get me the Korr's 6 pack? I'll pay up to $60.

That Al Jolson a light up promo sign? I'm interested, I have no clue what is worth but i'm thinking most people may avoid it. The right person would love that.

You might want to research the slot machines and see if there's some value.

I'm interested in some of the casino and Sinatra stuff. Ill work something out with you. PM me.

handmade duck collectibles----- these can be worth a lot and may go for real cheap,,,guy I worked with carved these in his spare time and was amazing good at it...... some sold for $600 each way back in the 90s


picture 110 the bottle on the left would be nice to have..... contents and vanilla ice cream oh the memories

Quote: coilman

handmade duck collectibles----- these can be worth a lot and may go for real cheap,,,guy I worked with carved these in his spare time and was amazing good at it...... some sold for $600 each way back in the 90s


picture 110 the bottle on the left would be nice to have..... contents and vanilla ice cream oh the memories

Detroit is a great place for carpetbaggers right now... I'm getting some stuff for a penny on the dollar. These auctions sometimes let you buy a whole ROOM for like $30... these rooms are often in RICH homes, no shit... imagine going through someone's house and paying $30 for EVERYTHING in a room.

I'm leaving right now, if anyone wants me to make some bids for 'em, call me at 734-469-6308 in the next couple of hours or so, or contact Rick Behar (my pal who runs these sales) at the web site.

There is some AWESOME Vegas stuff here, the Rat-Pack stuff and all. I never got a clear answer about the old chips, but I think I'm willing go pay like maybe up to 20% of face value.. THANKS FOR THE FEEDBACK, EVERYONE!!! Marty

F.Y.I., the chips in the frames were about 5x face value.. way too much in my opinion, but I didn't really look what was there. That black artwork of Vegas history was going for $1,400 and some guy was questioning if Sammy Davis Jr.'s signature was authenticated.

That newer slot sold for $500. I bought that older slot machine for $252, but I can't get it to work yet... I think it needs some more dimes to prime the payout chamber.

It looks great, and it weighs a TON. it is an Imperial Crown, built by "Pacific Manufacturing, L.L.C." of Japan, I'm guessing around 1960 or so. I only found one Google photo of it and no information, like a MANUAL or specification. I can't find any more info about it yet, but I'm looking...

That looked like an exceptional sale. EB, did you get in on any of the Sinatra stuff?

Sounds like your friend is doing something right, to get 5x face value, though I can't claim any expertise on chip collecting.

Out of all of it, the only thing I really craved was that huge Sinatra CD compilation. Did you notice what that went for?

Quote: beachbumbabs

That looked like an exceptional sale. EB, did you get in on any of the Sinatra stuff?

Sounds like your friend is doing something right, to get 5x face value, though I can't claim any expertise on chip collecting.

My friend runs the auctions, he works with the home owner to set the prices and he just gets a straight commission on everything sold, like 10%. Apparently, the owner was big-time into Vegas and sports, and had enough money to buy all the memorabilia he wanted... I think those chip collections were custom done by the owner himself and that's why the prices seem high. Actually, everything was a bit pricey at this sale, but tomorrow should be better bargains.

But, like I was saying to coilman, there are a LOT of estate sales going on right now around here... who can afford health care? SERIOUSLY! This kind of thing is going to be common place VERY soon the way our economy is heading, and the way the medical profession has enslaved us all.

Quote: beachbumbabs

Out of all of it, the only thing I really craved was that huge Sinatra CD compilation. Did you notice what that went for?

I didn't take note, but the sale isn't over until tomorrow, and at that time they may take bids at lower prices just to clear the floor.