At some point, many gamblers innocently wonder how easy or difficult it can be to rob a casino by making counterfeit chips. The truth is, it is not easy to create counterfeit casino chips the same way it is also not easy to create counterfeit money since specialized equipment are used to manufacture the chips.
What stops people from making fake casino chips?
Highly specialized markings already make them hard to counterfeit, but embedded RFID tags allow casinos to track their every movement. If a chip is stolen, its ID can be associated with the theft in casino databases, preventing it from being redeemed for cash.
Are casino chips worth money?
Some chips are considered high-value and have a listed value as high as $50,000. During their 2014 convention, a $5 chip from the Golden Goose SOLD for $75,000, and a $5 chip from the Lucky Casino SOLD for $52,500.
How can you tell if a poker chip is real?
Casinos use different methods to tell if a poker chip is real. Most of them use holographic images, UV inks, and serial numbers. Some casinos even install RFID in their high-value chips, making it impossible to replicate. All of these make it possible for casinos to identify fake poker chips.
Can you cash in old casino chips?
The only way to turn casino chips into cash is to exchange them at a casino, usually the one where you got them. … (Every casino has its own unique chips.) But even then, when dealing with large sums of money, the casinos usually check with each other to confirm that the chips are legit.
Are casino chips collectible?
For these reasons, vintage chips won or bought at a casino are rare and highly collectible, particularly ones of higher denominations. Chips from casinos that have gone out of business, like the Playboy Club in Atlantic City or the Dunes in Las Vegas, are most desirable.
What can I do with old casino chips?
Under Regulation 12, casino chips can now only be used as a cash substitute during the game itself and not as currency away from the gambling tables. When players cash in their chips, cashiers are required to ask the player for his or her card as proof that these chips were earned during the game.