Casino silver tokens
Strikeguy
Posts: 47 ✭✭
in Q & A Forum
Does anyone here collect these tokens ? The ones that come out of the special slot machines ? Or the Tournament quarter pound of silver tokens like these ? 
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When judging these, it is often unclear what the weights and fineness are, and it is often unclear whether Troy ounces or avoirdupois ounces are being used/referenced. Gold plating usually adds little or nothing to the intrinsic value.
In the Colorado casinos, the 'silver strikes' are often not a full Troy ounce of silver.
These two are mostly souvenirs for the handful of people who were there, and scrap for everybody else. That's true of most privately produced modern medals/medallions/tokens.
Welcome to the CU forums @Strikeguy.
Are there any edge lettering on those tokens?
Nice looking token and real nice pics.
On the outer rim it says "NO CASH VALUE" and has a issue number such as 55 / 200
I am sure someone collects them, but no idea on premium.
Anyone interested, I just bought a few yesterday at Pegasus Coins in Sarasota. He has a box of them cheap!
I just called to buy more after seeing this. They were all SCRAPPED for silver. They are saving me one bent outside ring ( after the silver was removed.
I am a collector of these types of silver casino tokens. There are or were a lot of different casino silver tokens made for the casinos. As mentioned above, they are generally called "silver strikes" . There were $7 face valued ones that weigh between .65 and .82 of an ounce of troy silver. The majority you find at coin shops and shows are the face values of $10. These can say .999 silver on the insert or the rim. BUT if they say HSP that simply means Heavy Silver Plate. Junk to me and most silver strike collectors. Most of the $7 and $10 ones are common. However there are some that are hard to get up to even rare and do command a few hundred bucks to buy. There are also face values of $20, $28, $40, $200 and $300. All made of .999 silver coming in different weights of silver. Some with gold plating as above which is a tournament token from one of past tournaments from the casino Four Queens in Las Vegas. There happens to be a tournament coming up in a couple weeks but I am not promoting it, just saying is all that this hobby is not dead. Sad to a collector like myself when we hear that coin shops just pop apart the tokens for the silver. The outer brass rings are worth brass melt only. Any questions please feel free to email me. I am always loving to chat. Dennis dsdt@netptc.net
I was able to buy 6 nice ones for John before they were scrapped. Look at the + side - now some issues got more scarce. I'll list them next week.
I have a few that I picked up a long time ago. They are fun but don't expect them to be worth a lot.
Thx for the great info.
I am a bit confused, though, about the plated ones. I understand that they don't have silver value, but why would the token collectors not want them at all?
I did not want to throw anyone off. Yes, there is a collector base for the silver along with the clad casino tokens. Most collectors do like the tokens made of silver and do play for the clad tokens as they sell well right off on eBay. There used to be the machines in most casinos that you could play for the token. A slot machine that the tokens were won from. But when silver went up a number of years ago is when the casinos switched to the clad tokens. Most casinos had the machines removed as play went way down. For me as one of the old timers in the casino hobby I like the silver. The newer younger collectors don't seem to really care if silver or clad. They just want one and are happy with that. Hope this helps clear up what I said earlier.