Keeping Chips from Casinos

[ThinkQuick]

[ QUOTE ]
I heard about a guy once asking about the following

Take like $1000 to casino and get a whole bunch of chips

Take them home and use them over the weekend for a home game, whatever, etc.

Take them back to the casino and cash in later.

Kinda a cheap ass but hey, I think it was a good idea.

[/ QUOTE ]

My friend and I actually tried this. There were a number of good reasons (We thought) including nice chips and no fear of friends-of-friends sneaking in their own cheap chips identical to ours to defraud us.

The hardest part was getting the $300 in ones that we really needed, and the difficulty in getting ones meant that we couldn't just return the chips and then get them again for the next game. After all the work though, we ended up deciding that there was no reason to tie up the money when nicer style chips were becoming more affordable in 02/03.
Also, we travelled to a lot of our games, and there was no great reason to carry around bulky racks worth quite a bit of cash to all the games we went to.

I wouldn't think that this is a bad idea for a sporadic big home game with a casino nearby.

[ThaHero]

[ QUOTE ]
Funny story on this note. A guy that ran a now defunct NYC poker room thought it would be nice to have some large unit Borgata chips on hand. This way if someone who was an AC player cashed in a big win they didn't have to walk out with a giant wad of cash. This would be expecially helpful at the end of the night when the drawer was short on $100 bills and you were giving a guy $3000 in $20's.

So he gives a friend who was going to Borgata $20,000 and asks him to bring some chips back. The guy buys 8 racks of green chips and stuffs them in a bag. It was quite the priceless moment when he was holding a bag of 800 quarters asking his friend what the hell he thought he was going to do with them.

[/ QUOTE ]

Maybe I'm just a little slow, but I don't really understand what happened in this story. Where did the quarters come from? I'm a little lost lol.

[ QUOTE ]
Playing at the Horsehoe-Tunica a few months ago there was some guy (decent player) who said that he'll sometimes take a half-decent $5 chip home (fairly new in other words)...wash it a little bit...and sell it on e-bay for $10.


Obviously if you don't get a bid that is worthwhile you can just bring it back to the casino for $5 I guess.


Not sure if this guy was for real or not.
Also not sure if you might be able to find someone willing to pay $125 for a $100 chip...or willing to pay $550 for a $500 chip.

[/ QUOTE ]

At the Wynn grand opening, I sold 10 racks of new blue chips on ebay for around $1800 plus the standard markup on shipping [img]/images/graemlins/smile.gif[/img]

[ThinkQuick]

[ QUOTE ]
[ QUOTE ]
Funny story on this note. A guy that ran a now defunct NYC poker room thought it would be nice to have some large unit Borgata chips on hand. This way if someone who was an AC player cashed in a big win they didn't have to walk out with a giant wad of cash. This would be expecially helpful at the end of the night when the drawer was short on $100 bills and you were giving a guy $3000 in $20's.

So he gives a friend who was going to Borgata $20,000 and asks him to bring some chips back. The guy buys 8 racks of green chips and stuffs them in a bag. It was quite the priceless moment when he was holding a bag of 800 quarters asking his friend what the hell he thought he was going to do with them.

[/ QUOTE ]

Maybe I'm just a little slow, but I don't really understand what happened in this story. Where did the quarters come from? I'm a little lost lol.

[/ QUOTE ]

The friend did convert the cash to Borg chips as promised, but he changed it into all $25 chips. This did not serve the room managers purpose of providing high limit players a small chip representing a large number instead of bulky cash. In fact, paying people $3000 in $25 chips is probably much less convenient than paying them in $20 bills, and it goes without saying that the best situation would be being able to pay them with three $1000 chips.. which is what the manager had in mind

[ThaHero]

ohhh ok thanks for the clarification. I took "quarters" literally, my mistake.

[MickeyHoldem]

[ QUOTE ]
[ QUOTE ]
Just wondering if anyone keeps maybe a $1 chip or somethin from each casino they go to. I was thinking about starting up a little collection like this. Don't know how a casino would take me walking out with some of their chips though, but I don't think they'd mind.

[/ QUOTE ]


Only thing I save is thongs from chicks I bang!

[/ QUOTE ]

Is there an "appropriate" way to "display" this collection?

[seeker]

In AC, old chips are always refundable for the face value. In NV, casinos must issue a notice that they are being discontinued and give a certain amount of time for people to cash in their chips before they no longer have to accept their old chips.

[CrazyEyez]

[ QUOTE ]

Anyone frequent the Palms in Vegas? They have a lot of differnt cool collector type chips (ltd. editions, celebs/music types on them).. but they are the $5 ones. Only been to Palms twice but so far I have seen No Doubt, Nelly, Playboy girls, etc. on them. I always make it a point to take the ones I like home with me.

[/ QUOTE ]
In August I came across a $5 Charlie Murphy chip from the Aladdin-soon-to-be-Planet Hollywood. Needless to say I kept it.