Vegas Casino Slot Token

Casinos cancel tokens frequently. If it's cancelled the casino won't accept it for any price.

There are a few dedicated chip collectors, but without knowing what you have there's no way to tell it's value.

First off, welcome.




I'm unclear as to what it is you're being offered.

I'm going to presume this is 1 each of a $1,000 token, which would make sense if it's 14k gold..

Given that the Bellagio is a pretty new establishment, meaning this isn't from the classic Flamingo, "Rat Pack" & Howard Hughes era, certainly I wouldn't pay very much more than its bullion value unless you could establish beyond a doubt that it'd be honored at face value at the cashier's window, and wanted to go to that trouble. And even then I'd want a substantial discount from face. All in all, I'd say let this pass, as it's too difficult to authenticate and the risk seems to outweigh any profit to be made. If it's being offered on some venue like Craigslist, absolutely walk away.

Thanks, for taking the time.
Now I am curios how is value being determined.
Also, what is exactly made of?

I have some more info.
Before 2001-2002, casinos used token for slot play. Denomination 1 to 1000 (or even 5000).
So those are not used today,and will never be used again.
The piece in question is in mint circulated in protective case.

I found this: https://www.ebay.com/itm/2731398030....m1436.l2649
It is for real?

How about the scarcity?
If no one has it, and chances are that maybe a hand full exist, and never be made again.
I've done searches, no one have one for sale.

If you have no collectors of these items, then there is little to no selling of these items. Priced is by what the demand is for an item and what some one is willing to pay for it.
Look at what has happened in the sale of antique furniture, and other mechanical devices(player pianos currently you can't give them away). As the older generations that have had an interest in them, die of and more come on the market the prices have steadily declined.
Just because somebody puts a silly price on ebay for an item it has no real bearing on what an item is worth. its archives are littered with overpriced items that won't sell.
U.S. Postage stamps are a good example people who had somebody collect stamps have found out that single stamps in an album are worth more as postage, than what they can sell them for. Only the very rare ones are worth something and there price has been dropping as of late. Because the younger generation has little to no interest in them.
You are beginning to sound like a person that is trying to make the case for the over price of an item for sale. Knowing the members on the assort6ed forums. I don't think you will change any minds or get any takers.