![]() ![]() Clay chips, with their printed inlays, inserts (edge spots), and rim mold designs fulfilled all the necessary requirements, including ease of stacking and uniformity of weight, size, and color. The earliest chips were often made of bone or scrimshawed ivory (and are now highly collectible!), but by the late 19th century a number of companies were producing what would become the casino-grade compression molded clay chip.Įarly on, gambling establishments learned that they had to "brand" their chips in some manner else they'd be flooded with worthless chips snuck in from off-premises. Poker chips were developed as a means of standardizing the values of bets. Prior to the 1880's - a time when most gambling took place in saloons, riverboats, and gambling houses - bets were placed using gold and silver coins, gold nuggets, gold dust, or anything else of acceptable value. ![]() You bet, especially if it's a rarity from one of the now defunct Las Vegas casinos like the Showboat (1954-2001) or from the legendary Sahara (1952-2011), the last of the casino-hotels frequented by Frank Sinatra and his Rat Pack. $28,988.88 for a one dollar casino chip? $100,000 for a one hundred dollar chip?!
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