- Old Casino Coins Value
- Coin In Coin Out Casinos
- What Casinos Still Use Coins
- Casino Coin Price
- What Are Casino Coins Worth
Chips from the fictional 'Casino de Isthmus City'.
50,000 Malagasy franc gaming plaque from Grand Cercle casino, Antananarivo, Madagascar, circa 1995.
Casino tokens (also known as casino or gaming chips, checks, or cheques) are small discs used in lieu of currency in casinos. Colored metal, injection-molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games.
Some casinos also use rectangular gaming plaques for high-stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers.
Apr 18, 2012 You can have 0 coins and still be on Club Penguin. Or have more than 1,00000 coins and still be on Club Penguin. Any chips from a casino can only be used for gaming purposes within the casino. Nov 21, 2013 36 thoughts on “ Silver Strikes: When Slots Machines Spit Out Collectible Coins ” Steven Brown November 21, 2013 at 1:32 pm. I collect them. In fact when I was out there in October, I won four of them at the Four Queens and only one of them was a double (I cashed it in) but the $20 I put in I lost. Jan 04, 2017 Even the dirt from the coins can bring back some old Las Vegas memories. Part of the fun of Las Vegas is remembering the good times you had before. The noise and filth sometimes bring back some great memories. You can still find coin-operated video poker and slot machines in the following downtown Las Vegas casinos: The California; El Cortez; Fremont.
I'll answer this in two parts. First, why we have coins and not bills, and then why we still need coins instead of credit cards. Coins last much last longer than bills- in general in the USA bills last for between 5-8 years for the commonly used. Mar 29, 2014 The casino near me is coinless, but they still end up with one heck of a pile of coin that patrons bring in - so they call me when the halves come in in quantity. I know there are some casinos up north that are still playing and paying in coins - even the dollar tokens. There is about a 5mm ring of what looks like brass around the outside edge. The center parts are.999 fine silver and are so labeled. None of them shows a weight, however. They have various pictures on them, the casino name, and are dated 1995-2006. They appear to be 1-oz. Two or three Downtown casinos still have some coin machines. Mermaids and La Bayou are two you could check out.
- 3Construction
Use[edit]
Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally.
Tokens are employed for several reasons. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might incorrectly pay a customer. The uniform weight of the casino's official tokens allows them to weigh great stacks or heaps of chips rather than tally them (though aids such as chip trays are far more common.) Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash.[citation needed] A more pragmatic reason for casinos using chips in place of cash at table games is to discourage players from grabbing back their bet and attempting to flee should their bet not win, because chips, unlike cash, must be redeemed at the casino cashier and have no value outside the casino in question. Lastly, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular[dubious].
Many casinos have eliminated the use of metal tokens (and coins) in their slot machines, in favor of paper receipts or pre-paid cards, which, while requiring heavy infrastructure costs to install, eliminate the coin handling expenses, jamming problems encountered in machines which took coins or tokens and can allow more game-specific technology in the space of a machine which would usually be dedicated to coin mechanisms. While some casinos (such as the Hard Rock Hotel in Las Vegas) which installed the receipt system had kept the $1 tokens around for use as $1 chips, most other casinos using the receipts had simply scrapped the tokens entirely. Most casinos using receipts have automated machines at which customers may redeem receipts, eliminating the need for coin counting windows and decreasing labor costs.
Casino chip collecting is a part of numismatics, more specifically as specialized exonumia collecting. This hobby has become increasingly popular with the Casino Chips & Gaming Tokens Collectors Club formed in 1988. Some collectors may value certain casino tokens up to $100,000, which are typically traded on online auction websites like eBay. Several casinos sell custom-made sets of chips and one or two decks of cards stamped with the name of the casino on them. Each set is contained in a small briefcase or box.
History[edit]
The ancestors of the modern casino token were the counters used to keep score in the card games Ombre and Quadrille. In 1752, French Quadrille sets contained a number of different counters, known as jetons, fiches and mils. Unlike modern poker chips, they were colored differently only to determine player ownership for purposes of settling payments at the end of the game, with different denominations differentiated by different shapes that each counter type had.[1]
In the early history of Poker during the 19th century, players seemed to use any small valuable object imaginable. Early poker players sometimes used jagged gold pieces, gold nuggets, gold dust, or coins as well as 'chips' primarily made of ivory, bone, wood, paper, and a composition made from clay and shellac. Several companies between the 1880s and the late 1930s made clay composition poker chips. There were over 1000 designs from which to choose. Most chips were white, red, blue, and yellow, but they could be made in almost any color desired.
Construction[edit]
Authentic clay chip manufactured for home use.
$1 chip from Treasure Island, Las Vegas, NV.
The vast majority of authentic casino chips are 'clay' chips but can be more accurately described as compression molded chips. Contrary to popular belief, no gaming chip going as far back as the 1950s has been 100% clay. Modern clay chips are a composition of materials more durable than clay alone. At least some percentage of the chips is of an earthen material such as sand, chalk, and clay similar to that found in cat litter. The process used to make these chips is a trade secret, and varies slightly by manufacturer, most being relatively expensive and time-consuming per chip. The edge spots, or inserts, are not painted on; to achieve this effect, this area of the clay is removed and then replaced with clay of a different color; this can be done to each chip individually or a strip can be taken out of a cylindrical block of material and replaced with the alternate color before the block is cut into chips. Then each chip receives a mid-inlay if desired, and is placed in a special mold that heats and compresses the chip at approximately 10,000 psi (70 MPa) at 300 °F (150 °C), hence the term compression molded chips.
The printed graphics on clay chips is called an inlay. Inlays are typically made of paper and are then clad with a plastic film applied to the chip prior to the compression molding process. During the molding process the inlay becomes permanently fastened to the chip and can not be removed from the chip without destroying the inlay.
Ceramic chips were introduced in the mid 1980s as alternative to clay chips, and are also used in casinos, as well as being readily available to the home market. The ability to print lettering and graphics on the entire surface of the chip, instead of just the inlay, made them popular. Ceramic chips are sometimes also referred to as clay or clay composite, but they are in fact an injection-molded chip made with a special plastic or resin formula that approximates the feel and sound of ceramic or porcelain. There are less expensive chips for the home market, made from various forms of plastic and plastic covered metal slugs as well.
The chips used in North American casinos typically weigh about 10 grams, but are usually between 8 and 10.5 g. Companies that manufacture chips for actual casinos include Gaming Partners International (whose subdivisions include Paulson, Bud Jones, and B&G), Classic Poker Chips, Palm Gaming International, Game On Chip Company and GTI Gaming.
Nov 18, 2016 Search for the 10 TIMES PAY #SlotMachine #Seneca. I LOVE 10 Times Pay, but it's only worth it if you can LAND the desired symbol. I try the dollar machine, and the quarter DOUBLE 10X PAY machine. 5 times 10 times slot machine.
Colors[edit]
Old Casino Coins Value
There is no universally standardized color scheme for poker chip values, and schemes not only vary nationally and regionally, but even from venue to venue, or by event type within a single venue.
A standard 300 piece set of Plastic Injection chips often sold as 'clay composite' chips.
A set of injection molded ABS poker chips 'hot-stamped' with denominations 100, 50, 25, & 10.
Chip colors found in home sets typically include red, white, blue, and sometimes green and black; however, more recently a wide assortment of colors have become readily available, particularly in lower-cost ABS plastic chips. Common additional colors are pink, purple, yellow, orange, and grey. Newer designs in home chips include three-color designs where a three-step molding process creates a chip with unique base, secondary, and detail colors. As chip sets are tailored to the buyer, the values of various colors vary widely, with less traditional colors either used as very high values such as $500, $1,000, $5,000, and so forth, common in tournaments, or as special 'fractional' values such as $2 or $0.50, common in low-limit games.
In casinos, uniform chip colors and sizes are sometimes specified by the local gaming control board for consistency. For example, regulations in New Jersey[2] and Illinois[3] specify similar uniform colors. Notably, Nevada has no regulations regarding color, which is why Nevada casinos may use white, blue, or gray as $1, though $5 and greater are almost always consistently colored. All US states where gambling is legal require that casino chips have a unique combination of edge spots for identification, the name and location of the casino and the chip's value, if any, impressed, printed, or molded onto the obverse and reverse of the token.
In 19th-century America, there was enough of a tradition of using blue chips for higher values that 'blue chip' in noun and adjective senses signaling high-value chips and high-value property are attested since 1873 and 1894, respectively.[4] This established connotation was first extended to the sense of a blue-chip stock in the 1920s.[5]
$2.50 chips (colloquially referred to as 'snappers' by chip collectors) are mostly used for blackjack tables, since a 'natural' (a 21 on the first two cards dealt to a player) typically pays 3:2 and most wagers are in increments of $5. However, the Tropicana Casino and Borgata in Atlantic City, New Jersey, and others, have used $2.50 (pink) chips in $7.50 to $15 and $10 to $20 poker games.
$20 chips are used mostly at baccarat and pai gow poker because a 5% commission charged for all winning banker wagers at baccarat and winning wagers at pai gow converts evenly. Bets of $20 are not uncommon in traditional table games such as craps and roulette; a $20 chip, for example, places a $5 bet on each of the 'hard ways' in craps and is preferable to passing a stack of chips or making change.
Coin In Coin Out Casinos
Because eight is considered a lucky number in Chinese culture, chips denominated 8, 88, and 888 (e.g., $8 in the US) are common in casinos catering to a Chinese clientele, often as a promotion for the Chinese Lunar New Year. They will sometimes contain an image of the animal associated with the year and are issued in a variety of colors.
Low-denomination yellow chips vary in value: $20 in Atlantic City and Illinois (which also uses 'mustard yellow' $0.50 chips); $5 at most Southern California poker rooms; $2 at Foxwoods' poker room in Ledyard, Connecticut; Running Aces Harness Park and Canterbury Park, both in Minnesota; and at Casino del Sol in Tucson, Arizona; and $0.50 at Potawatomi Casino in Milwaukee, Wisconsin. Blue chips are occasionally used for $10, most notably in Atlantic City. In Las Vegas and California, most casinos use blue or white for $1 chips, though many Las Vegas casinos now use $1 metal tokens in lieu of chips.
Chips are also available in denominations of $1000 or more, depending on the wagering limits of the casino. Such chips are often yellow or orange.[clarification needed]. Casinos in Nevada, Atlantic City, and other areas that permit high wagers typically have chips available in $5000, $10,000, $25,000, and more; the colors for these vary widely.
How many 9th prizes would you swap for a much bigger chance of the top 3?With 9th being $100 and 8th $150, you should be happy to give it a shot. Texas holdem tables. If you do not bust, you will be chip leader at a reasonably passive table and give yourself a great chance of hitting one of the top prizes.
Denominations above $5000 are almost never encountered by the general public; their use is usually limited to 'high limit rooms' where bet sizes are much greater than on the main floor. Casinos often use gaming plaques for these denominations: These plaques are about the size of a playing card, and must be marked with serial numbers. The greatest value placed on a plaque to date is $10 million, used at the London Club in Las Vegas.[6]
Televised poker tournaments and cash games sometimes use bundled paper bills for high denominations, though the World Series of Poker and the World Poker Tour use round chips exclusively with denominations up to $250,000; tournament chips, however, are not redeemable for cash.
European casinos use a similar scheme, though certain venues, such as the Aviation Club de France, use pink for €2 and blue for €10. European casinos also use plaques rather than chips for high denominations, usually in the €1000 and higher range.
Security[edit]
Each casino has a unique set of chips, even if the casino is part of a greater company. This distinguishes a casino's chips from others, since each chip and token on the gaming floor has to be backed up with the appropriate amount of cash. In addition, with the exception of Nevada, casinos are not permitted to honor another casino's chips.
The security features of casino chips are numerous. Artwork is of a very high resolution or of photographic quality. Custom color combinations on the chip edge (edge spots) are usually distinctive to a particular casino. UV markings can be made on the inlay. Certain chips incorporate RFID technology, such as those at the Wynn Casino in Las Vegas. Also, makers' marks are difficult to reproduce. Also being used by one manufacturer, Palm Gaming, is an audible taggant incorporated into the ceramic chip blank. A simple handheld reader will beep if the gaming chip is authentic. Palm Gaming is even manufacturing custom made molds for their ceramic gaming chips- adding yet another high level of security to its gaming chip.
Counterfeit chips are rare. High levels of surveillance, along with staff familiarity with chip design and coloring, make passing fake chips difficult. Casinos, though, are prepared for this situation. All states require that casinos have a set of chips in reserve with alternate markings,[citation needed] though they may not be required to have exactly the same number of reserve chips as they do on the floor. The most notable instance of counterfeiting chips was broken up in 2005, when two men were caught falsely converting $1 chips into higher denominations.[7]
Casino chips used in tournaments are usually much cheaper and of much simpler design. Because the chips have no cash value, usually chips are designed with a single color (usually differing in shade or tone from the version on the casino floor), a smaller breadth, and a basic mark on the interior to distinguish denominations; however, at certain events (such as the World Series of Poker or other televised poker), chips approach quality levels of chips on the floor.
Variations[edit]
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Several casinos, such as the Hard Rock Hotel and Casino in Las Vegas, issue 'limited edition' varied-designed chips, commemorating various events, though retaining a common color scheme. This encourages customers to keep them for souvenirs, at a profit to the casino.
In certain casinos, such as the Wynn and Encore Casinos in Las Vegas, chips are embedded with RFID tags to help casinos keep better track of them, determine gamblers' average bet sizes, and to make them harder for counterfeiters to reproduce. However, this technique is costly and considered by many to be unnecessary to profit. Also, this technology provides minimal benefits in games with layouts that do not provide gamblers with their own designated betting areas, such as craps.
In television[edit]
The first game show to use them, Duel, had a variation in which the contestants answer questions using oversized casino tokens. The World Series of Poker at one time actually used its casino tokens for the poker tournaments, but in more recent years has had special Paulson WSOP clay sets made for the tournaments.
See also[edit]
References[edit]
- ^David Parlett. 'Quadrille and Médiateur: Courtly ladies' game of 18th-century France'. Retrieved 28 January 2009.
- ^'New Jersey Casino Control Commission – Chapter 46. Gaming Equipment'. state.nj.us. 2006-07-30. Archived from the original on 2006-07-30. Retrieved 2019-09-17.
- ^'Section 3000.625 Chip Specifications'. ilga.gov. 2017-01-23. Archived from the original on 2017-01-23. Retrieved 2019-09-18.
- ^Merriam-Webster, Merriam-Webster's Unabridged Dictionary, Merriam-Webster.
- ^Merriam-Webster, Merriam-Webster's Collegiate Dictionary, Merriam-Webster.
- ^'The London Club's $10 Million Gaming 'Plaque' Raises the Bar for Las Vegas'. Business Wire. 2000-08-14. Archived from the original on October 10, 2014.
- ^'Counterfeit Chip Ring Broken Up in Vegas'. Vegas Tripping.
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A plain metal washer, if of the correct size and weight, may be accepted as a coin by a vending machine
A slug is a counterfeit coin that is used to make illegal purchases from a coin-operated device, such as a vending machine, payphone, parking meter, transit farebox, copy machine, coin laundry, gaming machine, or arcade game.[1] By resembling various features of a genuine coin, including the weight, size, and shape, a slug is designed to trick the machine into accepting it as a real coin.
Though slug usage is a violation of the law,[2] prosecution for slug usage is rare due to the low value of the theft and the difficulty in identifying the offender. Offenders in casinos are most likely to be prosecuted,[example needed] as casinos have high levels of video surveillance and other security measures, and are more proactive in enforcement.[citation needed]
Losses caused to vendors by slug usage may be the result of the loss of sales, the absence of revenue following the distribution of merchandise that was obtained at the vendor's expense, or the loss of cash that is distributed by the machine for overpayment with slugs. Honest customers may also suffer losses when change returned for overpayment is in the form of a slug rather than a genuine coin.
Use of other currencies[edit]
The 1000 Indonesian Rupiah coin, minted between 1993 and 2000, is very similar to the 2 Euro coin, while having approximately 1/30th the value.
In some cases, a slug can be a genuine coin used in another country, with or without knowledge of the user. One example was the interchangeable use of Australian and New Zealand 5c, 10c and 20c pieces in both countries, from 1967 until 2006 (when New Zealand coins were redesigned). These coins were of the same material and size with near identical obverses, so could circulate outside their home country for some time, although the New Zealand coins were worth about 20% less, potentially resulting in a small gain (to those passing them) in Australia and a similar loss in New Zealand.
The Canadian quarter was also accepted by at least some US vending machines interchangeably with the US quarter until at least 2001. The usefulness of this to offenders varied greatly over time; during the 1970s and 1980s, the Canadian and US quarters were very similar in value.
What Casinos Still Use Coins
The 10 Syrian pound coin is often used as a slug in Norway, as the shape and weight of this coin strongly resembles the 20 Norwegian krone coin. As of February 1, 2014, ten Syrian pounds converts to 44 øre (0.44 kroner). 20 kroner is over 45.4 times the value of the Syrian coin. While not easy to find in Norway, the Syrian coins are still used in automated machines there with such frequency that Posten Norge, the Norwegian postal service, decided to close many of their coins-to-cash machines on February 18, 2006, with plans to develop a system able to differentiate between the two coins. In the summer of 2005, a Norwegian man was sentenced to 30 days, suspended, for having used Syrian coins in arcade machines in the municipality of Bærum.[3]
Casino Coin Price
In the UK, during the late 1990s some coin-operated slot machines would accept two Austrian schillings glued together as if they were a £1 coin. The two original coins had a net value of under 10p at the then-current exchange rate. Coin detectors were soon reprogrammed to detect and reject the Austrian Schilling. Not long after it was possible to buy on the Internet a bag of 100 washers for under £20 that had been deliberately made to fool the machines into accepting them as £1 coins. Coin detectors were again reprogrammed to reject those slugs as well.
The Irish pound coin in use from 1990 to 2002 was the same size as the old pre-decimal penny, so vending machines had to be modified to differentiate them. Many machines simply had the pound slot disabled with a riveted plate.
Many coin-operated machines in Germany would accept the 1992, 1993 and 1995 stampings of the cupronickel Estonian 1 kroon coin as a German 1 mark coin. This was profitable for users of the Estonian coins as the kroon was pegged to the mark at a fixed rate of 8:1. All cupronickel 1 kroon coins were demonetized in May 1998 and the replacement aluminium-bronze Estonian 1 kroon coin was not interchangeable with the German mark in coin-operated machines.
The use of 100-won coins for the slug of 100-yen coins and cupronickel 20-sen (RM 0.20) pieces still commonly occurs, contributing to the continued conflict between Japanese and Korean citizens.[4] Similarly, until 2000, the Korean 500-won coin could be modified to match the weight of the original 500-yen coin which was otherwise identical in diameter and composition, and thereby used to fool weight-sensitive vending machines.[5][6]
From the fall of the Soviet Union to the monetary reform in 1998, the Russian Federation often issued a commemorative one-ruble coin that was identical in size and weight to a 5 Swiss franc coin. For this reason, there have been several instances of these (now worthless) ruble coins being used on a large scale to defraud automated vending machines in Switzerland.[7]
In the US, Connecticut Turnpike tokens had a value of 17.5 cents in the early 1980s, but due to having a similar design as New York City subway tokens worth 75 cents it became common for commuters to use the Turnpike tokens on the subway. The matter went unresolved for three years; users were not prosecuted, but when Connecticut discontinued tolls on the Turnpike, they agreed to redeem the roughly two million tokens from the MTA at face value.
In 1988, Thailand started minting a bimetallicten baht coin that is quite similar to the 2 Euro coin (first issue in 2002) in weight, size and appearance. Because it is worth substantially less, it has been used to fool cashiers and automated vending machines since the very first days of the 2 Euro coin circulation.[8][9]
81 rows Worldwide Online Poker Sites Traffic Report. Pokerscout.com monitors online poker sites and allows you to find the best poker sites in any country with the help of our poker site traffic report. Our data is updated every 10 minutes. So it plays to play at one of the high traffic online poker sites. Busiest Poker Sites Traffic is what makes a poker site great. Online poker is about fast paced action - and that's what high traffic sites deliver. Most players of online poker sites specifically seek out the largest poker sites because they know they offer the biggest rewards. Top poker sites.
Composition comparison[edit]
Slugs are usually made from metals differing from those of real coins. While genuine coins in the United States currency are made from various alloys of copper, nickel, and zinc, Canadian coins are made mostly from steel with some copper and nickel, and euro coins are made from steel, nickel, and brass, slugs are frequently made from differing metals and alloys that are cheaper to obtain and mold, such as aluminum, tin, and lead.
Slugs may or may not have the face details of real coins. Some slugs that are made to match the face details may not be immediately recognizable as such to handlers, and may enter circulation.
Older, cheaper, and other low-tech machines that have fewer security measures are more likely to be defrauded by slug users. As an example, the full-mechanical mechanisms still used today in candy machines can be fooled by a cardboard coin. Many newer machines, especially those found in casinos, have additional detection that can identify more details of coins and detect those that do not resemble real coins.
See also[edit]
References[edit]
- ^'Indiana Code Title 35. Criminal Law and Procedure §IC 35-43-5'(PDF). in.gov. Indiana General Assembly. Archived from the original(PDF) on July 21, 2008.
- ^'8 U.S.C. § 486 – Uttering Coins of Gold, Silver or Other Metal: 'Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.' Note that 18 U.S.C. § 491 also addresses the creation of coins, but this particular code section prohibits the creation of coins or the use of similar metal objects for the purpose of inserting into parking meters, vending machines, and similar venues'. communitycurencies.org. U.S.C. Retrieved August 19, 2018.
- ^Andersen, Øystein (February 18, 2006). 'Myntsvindlere herjer i Oslo'. Dagbladet (in Norwegian). DB Medialab AS. Retrieved March 8, 2008.
- ^박상은 기자 [Park Sang Eun] (August 11, 2015). ''100엔 대신 100원 넣는 한국인 조심해요' 日 트윗 확산' ['Watch out for Koreans putting 100 won instead of 100 yen']. 국민일보 [Kukmin Ilbo] (in Korean). Retrieved July 13, 2017.
- ^The Contemporary 'Won' Coins of the Republic of Korea (1966 - Present) Dokdo Research (dokdo-research.com). Retrieved on 2017-05-05.
- ^Metropolis [Tokyo] Money Talks: Short Changed
- ^'Mit alten Rubelmünzen Automaten am Zürcher HB geplündert' (in German). Swissinfo. 15 November 2006. Archived from the original on 30 September 2007.
- ^admin. 'Europe has been talking about the 10 baht/2 Euro problem for some time | 2Bangkok.com'. 2bangkok.com. Retrieved 2018-12-31.
- ^'Euro-Bargeld: Thai-Münzen überlisten Automaten'. Spiegel Online. 2001-11-26. Retrieved 2018-12-31.
What Are Casino Coins Worth
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