![]() 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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