Casino chip collectibles not in recession

Bidding for a piece from the closed Showboat Casino in Las Vegas started at $2.25, but where it ended set a new record for a $1 chip from a Nevada casino. The chip was valued as high as $15,000. Its closing price: $28,988.88.

Sandy Marbs of Florisant, Mo., was the seller. The chip had been in her jewelry box for 47 years. She was searching for things to sell on eBay in that box and thought, “Why not?”

Marbs was aided by members of the Casino Chip & Gaming Token Collectors Club, Inc., who urged her to provide good pictures so the chips’ value could be more readily appreciated.

Marbs readily admits that she is delighted at the sale’s amount.

“It will be a great addition to my collection”, says Glenn Grush, buyer of the $1 Showboat Casino Chip.

Wayne Thompson, president of the Casino Chip & Gaming Token Collectors Club, Inc., said, “It’s always exciting to see a record broken on rare chips. While this is the highest price paid for a $1 chip we have seen at least one Sahara $100 chip bring $100,000.”

There are certain chips that are considered classic rarities just like in any hobby. Among them are:

A one-of-a-kind $5 Hacienda Casino chip sold $15,100.

A Sands Las Vegas Casino chip from the early ’50s sold for $33,000 to an anonymous bidder. The $5 chip, in near-mint condition, depicts a desert scene with a cactus and the Sands’ catch phrase “A Place In The Sun.” It is one of only five known to exist.

A Last Frontier Casino $5 chip, sold in December 2005 for $39,345.

A $25 chip from the Sahara, depicting a left-facing camel (the main factor in its rarity) sold for $67,000. The original buyer bought it on eBay in a lot of chips that sold for $1 each.

The Casino Chip & Gaming Token Collectors Club, Inc. is holding its 16th annual convention in Las Vegas at the Riviera Hotel & Casino from June 18-21. For more information visit www.ccgtcc.com.

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$1 Showboat Casino Chip
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$1 Showboat Casino Chip

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