Commerce casino chip value

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The collecting and resale of casino chips is big business. The casinos themselves might be thoroughly transformed or long since bulldozed, but their chips might not be worthless. Sometimes, though, people take casino chips home as souvenirs or forget to cash them in. They are meant to be exchanged for cash under that roof, on the spot.

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NEW YORK - Casino chips have no inherent value outside of the gambling venues that issue them. Image courtesy of Potter & Potter Auctions and LiveAuctioneers. A $5 Faro casino chip from Las Vegas’ Hotel Fremont, drilled and notched by the casino to mark it as obsolete, brought $3,000 plus the buyer’s premium in January 2021 at Potter & Potter Auctions.

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