Chip Values?? Who decides? Is there an "Authority"?

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The Chip Spa

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I posted this on another forum and thought it may be worth discussion:

@Okku i absolutely love the videos! Keep doing them. But a point in your video was from an identified collector and a couple others, who say even a hoard only affects value in a small way but definitely affects rarity aren’t they directly related?

That is totally opposite of what has always been said here at pcf and other places. Ie. mapes, money tree, etc. especially anyone who’s asked to buy any of the Felix bank club chips in my collection, cite the fact that now that I have a quantity of them they’re worth so much less.

So even the ChipGuide site places hoard warnings and pricing on my chips, the chip rack value guide knocks them down in value from Z to maybe M, these letters are for value only, because theirs close to a rack??? But now we’re here with experts protecting the sands chips values ? After all in the production records on the horseshoe mold $5’s it says there was only 500. Not 20,000 or 2500. And the aero die chips which used to carry the quantity available has since been updated to remove the produced quantity.

I think your point is valid that because one guy owns a lot of the sands chips and claims he won’t ever sell them it protects the value I’m curious as to why it would not be the same for any other collection owned by anyone else, and for the haters, no not just me, anyone. All very interesting stuff.

The chipping community is so full of diverse and different opinions regarding chips. Is there really a unique “expert” or the definitive source in our hobby?? Because if you ask 10 guys a value you get 10 answers. The chip rack and other books all by the same guys seems the “published source, but is usually way off from where things sell”. Like you I feel WorthPoint is well worth the fee paid as it shows actual sales from different locations allowing one to base value on past sales.
 
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