The Basics of Casino Chip Collecting - A 'cheat-sheet' for the newbie. The Casino Chip and Gaming Token Collectors Club, Inc. (CCGTCC) - THE place to go for info including Chip Condition, Glossary, Buyer's Guides to Casino Collectibles, Cleaning Chips, more! Casino Chip Museum - Over 10,000 Las Vegas chips on display. The way to identify the authentic poker casino chips is to understand and know as much as possible about the poker chips and the casinos that you are interested in. Whilst, it is a fact that most of the large companies have ownership on those casinos. Therefore, each casino has a bundle of chips that are unique and specific from the others.

Are Old Casino Chips Worth Anything List

Casino chip collectors are always looking for old Las Vegas casino chip. The casino chips from Vegas date back to the earliest that can be found anywhere in the country. Nevada state had legalized gambling in the year 1931 and since then Las Vegas became the casino capital of the world as dozens of world class casinos opened up in the city which even today millions of tourists from all over the world. Once chips had been introduced in table games, every casino in the city began issuing their own chips with unique designs and their logos imprinted on them.

Although the chips are only worth the denomination that is printed on them when they have been issued, today several Las Vegas casino chips are sold by collectors for thousands of dollars. Any collector who is interested in collecting old Las Vegas chips should first understand how to determine the age of the chip since the older the chip is, the more valuable it will be.

Guide

Are Old Casino Chips Worth Anything For Sale

The guide given below and the tips will help collectors determine the age of old chips in a couple of moments:

• The first thing to do when an old Las Vegas casino chip is found is to check the inlay of the chip. The inlay on a chip is a picture or design which is set and fixed at the center of the chip. The inlays of chips will have logos or pictures or signs which are associated with the casino where it had been used. With the name of the casino determined it is not very difficult to determine the age of the chip.
• There are several websites which have a list of rare chips along with their names and prices on the internet. If you have the name of the casino where the chip had been used, you can check it in that list. There had been several casinos in Las Vegas which had only been operating for a few months in the city. For example from the Bonanza casino there are only two or three chips remaining worth $25 today so these will be very valuable.
• Check the chip for the mold. Compare the mold's design to the images of other Las Vegas chips. On the raised edge of chips the pattern or the design which can be found is known as the mold. Several manufacturers had their own distinctive designs. For example the US Playing Card Company which is quite famous had manufactured chips from the year 1907 till 1939 and the Burt Company had manufactured them from 1940 till around 1985. With the name of the manufacturer, it is possible to find out the age of the chip.
• Check the edge spots. These generally look like small spots of paint which are distributed along the edges of the chips. These had been used to authenticate the denomination of the chips. With the help of these it is possible to compare them with the present day chips to determine their age.
• Check the texture of the chip and determine the material from which they were made. The earliest chips were made from ivory and mother of pearl and after that they had been made from clay composition. If the chip is sealed with polyurethane it was made after 1940.

Chips used for poker are among the most iconic parts of gambling overall. One complete basic set of poker chips usually consists of red, white, blue, green, and black chips. In addition, other larger high stakes tournaments also use other chipsets with more colors. For the most popular types of games like Texas Hold ‘Em Poker, or any other that uses chips as currency, you simply have to know how much each color is worth. It is important to remember that no set rules are in place for the values and that these are rather are common standards at poker events. In this article, we will go over the usual ways poker chips are valued during games.

Basic Poker Chips

White – $1

Pink – $2.50 (This is rare in poker, and it is sometimes used in black-jack)

Red – $5

Blue – $10

Green – $25

Black – $100

Full Poker Chips

White – $1

Yellow – $2 (Again, rarely used)

Red – $5

Blue – $10

Grey – $20 (Sometimes green)

Green – $25

Orange – $50

Black – $100

Pink – $250

Purple – $500

Yellow – $1000 (These are sometimes burgundy or gray)

Light Blue – $2000

Brown – $5000

Are You Hosting a Poker Event?

If you want to host a game of poker with a maximum of 10 players, the experts suggest you should have around 500 chips in three or four colors. If you plan to hold a much larger game with up to 30 people, an around 1,000 chips in four or five colors is what you will need. Regarding sets of chips for your own games, you should keep the number of different colors low and have the most chips of the lowest value. Then, you should have progressively smaller numbers of chips as they climb in value. One example of this is a 4:3:2:1 ratio for $1, $5, $10, and $25 chips. For 500 poker chips, totals of 200, 150, 100, and 50 chips in white, red, blue and green is the common practice.

Casino Chips

Casinos tend to have their own custom-designed chips that have monetary value and the name of the casino printed either printed or engraved on the sides. These are also often multi-colored, stylized, and have patterns. The color-coding in the casinos often follows the values listed above, but many casinos make up their own systems.

Atlanta casinos mostly follow the basic practice of white, pink, red, green, and black chips. They also add yellow chips for $20 and blue chips for $10.

Las Vegas casinos are arguably the most popular in the world, and they also follow the primary system. They too, however, add $20 chips. The Wynn casino also has brown $2 chips and peach $3 chips.

California has no legal laws for chip colors in California, but a common color coding method is as follows:

$1 is usually blue

$2 is green

$3 is red

$5 is yellow

$10 is brown

$20 is black

$25 is purple

$100 is white and sometimes larger

$500 is brown or gray and often larger

Are Old Casino Chips Worth Anything For Cash

High-Value Chips

Are Old Casino Chips Worth Anything Today

A chip that is worth more than $5,000 is rarely available at the public in casinos, because high-stakes games are mostly held privately. At these events, casinos sometimes use rectangular plaques that are around the same size as playing cards. Casinos that allow high-stakes gambling in public areas have plaques of $5,000, $10,000, $25,000, and even higher. Only Nevada and Atlantic City have these casinos.

This all will be unnecessary if you are going to an online casino because the chips are already counted for you. However, not all online casinos are user friendly, to say it like this. Some of them have the Gamstop tool that prevents players with gambling issues to approach the site. To avoid such sites, you can check the list of non Gamstop casinos at sites such as freespins.monster.

History

Most of the gambling games through history used some sort of cash marker for the currency. However, the first use of chips dates back at the early 1800s when the saloons and gaming houses in the Wild West started using engraved bones, ivory, or clay as chips. These were quite easy to copy however, so by the 1880s, several commercial companies manufactured customized clay chips for the use in saloons and gaming houses. They were carefully detailed and hard to forge.

Are Old Casino Chips Worth Anything

In contemporary casinos, chips are custom and manufactured, still containing a percentage of clay. Some can also be ceramic. The weight, texture, design, and color are carefully observed and controlled, and some high-end casinos even have microchips in them, which means they are impossible to copy.