Are Casino Chips Worth Anything

The things we do to bring you the finest in useless Las Vegas insidery (not a real word). This time, we made some calls, squeezed our insider casino contacts, washed a few backs and got an exclusive photo of the largest casino gaming chip we could find: A $100,000 chip at Paris Las Vegas. Casino chips, which are usually made of composite chips, have a unique sound that is why they are costlier than the plastic chips. A state by state guide for casino chip collectors, complete with photos and descriptions of more than 4,000 casino chips. Bright, colorful, and worth anything between $1.00 and over $100,000, casino chips are the prizes players love to collect and exchange for their cash winnings. For over a hundred years, these small tokens have been the main currency for a variety of gambling games all over the world and they are still as popular as ever. 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.

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?

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.

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

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!!! MartyF.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?

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.

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

Are Old Poker Chips Worth Anything

, and at that time they may take bids at lower prices just to clear the floor.

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.

Are Old Casino Chips Worth Anything

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

Are Casino Chips Worth Anything

$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

High-Value Chips

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.

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.