If you have ever gone to a casino in Las Vegas or any other part of the world for that matter then you have probably put up a casino chip or two as a souvenir. A lot of people keep casino chips to remember their trips or big winnings. Others have taken to actually collecting all types of different casino chips just like someone would collect different coins and other currency. This interest has seen considerable increase over the past decade, largely as the result of the development of the internet and the capability for collectors to meet and exchange online from all over the globe.
Internet auction websites such as eBay have skyrocketed the hobby of collecting chips over the past decade. With the capability to buy, sell and trade chips from the relaxation of your own house, it’s no wonder the internet has had such a severe impact on this obsession. Searches for casino chips on eBay return over 20,000 results on a regular basis. You can even find some super rare chips listed on eBay from time to time. The record highest casino chip sale at this time was $39,000!
Even further back, however, the hobby of chip collecting was increasing due to organizations of collectors such as the Casino Chip & Gaming Tokens Collectors Club (CC>CC) which formed in 1988. This club had grown over the first couple years very swiftly, and they were soon hosting their own conventions in Las Vegas. They are still holding their conference in Vegas even today. This by and large happens in the month of June and is open to the community for a small entry fee.
As the pleasurable pastime of chip collecting has developed, there has evolved an unique grading system used to determine the quality of various chips as well as its worth. The important thing about collecting casino chips is that they rarely lose their value. They will always usually be worth at least their face value, but nearly all of them becoming larger in varying degrees with age and other factors. The grading method uses the following categories: New, Slightly Used, Average, Well Used, Poor, Canceled or Modified, and Damaged.
Because this hobby resembles coin collecting in nearly every way, you can hope to find price guides advertising the values of countless different chips. The most popular price guide at this time is the Official U.S. Casino Chip Price Guide. This price guide covers a lot of the casinos across the United States and is every now and then modified and reprinted in new editions to comprehend the change in times and prices. If your goal is to grow into a serious casino chip collector, you definitely want to get this price guide.
If you begin to collect casino chips, make sure to keep them away from sunlight. Sunlight does the largest abuse to casino chips. You may choose to keep them in a case or folder. Don’t bother cleaning your chips, as this will be unlikely to increase the value at all and in several instances could hurt the value. As a collector you might want to set a distinct “specialization goal,” or a specific classification of chips to collect. For example, only collect specific denominations such as $1 or $5 chips. You might also aim to collect from only certain casinos in certain countries. This will make your collection look more arranged and meaningful, but the decision is yours! Good luck and happy collecting!
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