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Casino chips (also known as poker chips, gaming tokens, or checks/cheques) are small discs used as currency in casinos. Larger, rectangular gaming plaques may be used for high-stakes games. Poker chips are also widely used as play money in casual or tournament games, are of numismatic value to casino chip collectors , or may be kept as souvenirs .
The Fitzgerald Hoard was a collection of casino chips, silver coins and collectables which had been stored in a warehouse in Reno, Nevada. The entire hoard was purchased by notable California coin dealer Ron Gillio. Named for casino owner Lincoln Fitzgerald, it included over 100,000 American silver dollars and masses of gambling paraphernalia.
Metal token coins are used in lieu of cash in some coin-operated arcade games and casino slot machines. Money is exchanged for the token coins or chips in a casino where they may be interchangeable with money. In many jurisdictions, casinos are not permitted to use currency in slot machines, necessitating tokens for smaller denominations.
In October of 2001, Ted Binion's estate sold the silver coins to Spectrum Numismatics International for US$3.3 million (equivalent to $6,200,000 in 2023). Approximately 50,000 silver coins were uncirculated, and some of the coins remained in the original mint bags. [26] In 2002, the coins were marketed by the company for between US$50 and US ...
They also found use as a money substitute in games, similar to modern casino chips or poker chips. Thousands of different jetons exist, mostly of religious and educational designs, as well as portraits, the last of which most resemble coinage, somewhat similar to modern, non-circulation commemorative coins .
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