Collectible Individual Casino Chips

All You Need to Know About Collecting Collectible Individual Casino Chips

Whether you're a gambler or not, if you want to start buying casino chips individually as a collector, it helps to know a thing or two about casinos and casino gaming. Following this brief guide can assist you when you want to purchase collectible casino chips available on eBay.

Types of individual casino chips to collect

There are many ways to build an individual casino chip collection, depending on what interests you. If you're purely looking for collector's value, then you can look at buying old and discontinued casino chips, high-value casino chips, and casino chips from now-defunct or rebranded casinos. Also extremely valuable are limited-edition commemorative casino chips, such as those celebrating a particular figure or occasion. Another consideration you may wish to make in building your individual casino chip collection is location. You may only want to buy casino chips for sale from a particular casino or a particular city, state, or country. Still other collectors will build their casino chip collections based purely on appearance, searching for collectible individual vintage casino chips they find attractive and that catch their eye. The bottom line is there is no right or wrong way to collect individual casino chips.

How are collectible casino chips valued?

The collector's value and prices of casino chips for sale on eBay are influenced in part by the scarcity of those chips. The rarer a casino chip is, for whatever the reason, the more valuable it is likely to be to collectors. Collectors also value eBay casino chips, however, by their condition, typically grading them in the following manner:

• N (New) - Never used and contains no imperfections
• SU (Slightly Used) - Shows only mild signs of use
• A (Average) - Used in play for months or years with reasonable signs of wear
• WU (Well Used) - Used in play for months or years with significant signs of wear
• P (Poor) - Used in play for months or years with excessive or extreme signs of wear
• C (Cancelled) or M (Modified) - Due to containing drill holes or notches or being over-stamped, clipped, bent, or painted
• Dam (Damaged) - Containing deep nicks or missing chunks, a missing or loose inlay, breaks, cracks, warps, permanent stains, severe fading, fire-damage, cigarette burns, and over-cleaning

How are collectible casino chips identified?

Besides grading casino chips, collectors also use certain terms to identify them, as follows:

• Basic color - A chip's main color
• Denomination - Its face value
• Inlay -The size, shape, color, and composition of the inlay
• Insets - The patterns of color around its edge
• Issue - The order in which it was issued
• Mold - Its manufacturer, distributor, and look
• Rarity - Approximately how many chips of its kind remain in existence