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Nevada Casino Gaming Tokens - worth?

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Pillar of the Community
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 Posted 04/06/2011  2:24 pm Show Profile Bookmark this topic Add Ed_B to your friends list Get a Link to this Message

I have about a dozen $10 gaming tokens from various Nevada casinos. They are about 40mm in diameter and 4 mm thick. There is about a 5mm ring of what looks like brass around the outside edge. The center parts are .999 fine silver and are so labeled. None of them shows a weight, however. They have various pictures on them, the casino name, and are dated 1995-2006.

They appear to be 1-oz. coins. Our postage meter shows them weighing 37g. I assume that is not a Troy oz. measurement. They are all in round plastic coin protectors. Do these have any value beyond their silver content and just what is their silver content? I would like to sell them and use the money to buy some ASEs or some Walking Liberty half dollars. Thanks for any info on these tokens.



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 Posted 04/06/2011  2:46 pm  Show Profile Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I would say 40 to 45 bucks each Ed based on this guy below from eBay, Silverbandmetals who has huge inventory an major solid reputation for selling silver on eBay, many years now. Prices are a bit high IMO, but great inventory and you at least know you are getting a solid product that you can trust to be what it is supposed to be....

http://cgi.ebay.com/MERMAID-ATLANTI...em5d2def036b

Those are very neat, and you can get them seems like at Provident metals, another spot where I like to buy, very competitive prices there, and I think the forum would agree, minus the shipping being a bit high....
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 Posted 04/06/2011  2:56 pm  Show Profile Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Yeah here they are Ed from Provident for 25 bucks each, but after 9 bucks for shipping, they would be around 34 bucks, so them going for 40 on eBay would be just about the norm. And yes .6 oz of silver with a brass ring....

http://www.providentmetals.com/casi...-silver.html
Edited by Silverhawk74
04/06/2011 3:00 pm
Valued Member
Canada
442 Posts
 Posted 04/06/2011  3:50 pm  Show Profile Bookmark this reply Add vinnycoin to your friends list Get a Link to this Reply
wow those are kinda neat. I wonder if they still use them! I would love to walk in with $1000 dollars and come out with those tokens. Its like winning without even gambling!
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 Posted 04/06/2011  5:20 pm  Show Profile Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Thanks for the URLs and comments, Silverhawk. Useful info that. I appreciate you taking the time to look these up. I'm thinking that if I can get $30 each for them that would be good. We have a scrap silver, coin, jewelry, and silver plate buyer in town just now and they will give a free estimate of the value of such items. I think that I will check them out tomorrow and see what they will pay for these. I would not want to take less than about $27 for them but will have to see what the offer is. If they are only 0.6 oz. Troy weight in silver, that might limit the price to 0.6 x $39.50/oz. or a bit under $24.

Vinny: I don't know if they still use these or not. We try to get down there every year or so but for the last couple of years I have not seen the "Silver Strike" slot machines that I used to play to win these. One of the casinos, Fitzgerald's, is out of business but the others are still around.
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 Posted 04/07/2011  01:40 am  Show Profile Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Not a problem I search these things all the time, and can find them in no time....

No reason those shouldn't bring 30 bucks each, but to a dealer like that 25 might be the best you can get each. Either way, if you decide to re-invest that money, you would have a decent little chunk of change around 300, divided by 40, breaks down to about 7 more oz of pure silver, or more like 7 of those silver eagles you say you want to get....

Edited by Silverhawk74
04/07/2011 01:44 am
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United States
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 Posted 04/07/2011  12:26 pm  Show Profile Bookmark this reply Add TenSense to your friends list Get a Link to this Reply
Ed, I have a $12 one of these sitting around, so if you find a good place to sell yours, let me know.
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 Posted 04/09/2011  1:22 pm  Show Profile Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
...or more like 7 of those silver eagles you say you want to get....


Well, I don't just say that I want some of the ASEs, my 1st roll of 20 is on the way... shipped on 4/8 from APMEX, actually.

Yes, I do want to reinvest this money. Am looking at some of the Walking Liberty half dollars as well as ASEs. I would not mind getting some other rolls of 90% silver, such as dimes and quarters too. It is a process, though, so will take some time. No rush.
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 Posted 04/09/2011  1:29 pm  Show Profile Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Ed, I have a $12 one of these sitting around, so if you find a good place to sell yours, let me know.


Now, that is interesting. I've never seen a $12 gaming token before. All of the ones that I have or have seen are $10 tokens. Do you know if there are any other denominations? Just curious.

I haven't sold my tokens yet but am looking for a place that will buy them. I haven't tried my local coin shop. Don't know if he would have any interest in these at all. If he does, I suspect that it will just be for the silver content.

There actually is a club of people who collect these things. If any of them needed specific tokens to fill out their collections, they might be willing to offer a decent price - more than just for the silver content, anyway. Check out Dan's Casino Tokens web site. I can't post the URL yet but a Google search will find it quickly.
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