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How to Collect Casino Chips

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By eHow Contributing Writer
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Casino chips are now graded the same way as collectible coins, and collectors take the hobby very seriously. With more casinos opening across the country, new chips with imprints of individual casinos flood the collectible marketplace. And chips from now-defunct casinos are worth money, too. You don't have to be a gambler to collect casino chips. This hobby will appeal to coin collectors and other hobbyists.

Difficulty: Moderately Easy
Instructions
  1. Step 1

    Visit casinos and collect chips or have your friends keep some for you from their out-of-state trips. Taking a few chips as souvenirs is fine, but don't get greedy.

  2. Step 2

    Appraise your chips. Casino chips can be sold anywhere from a few cents to tens of thousands of dollars. Check out "The Official U.S. Casino Chip Price Guide" and several collectors' organizations to determine the worth of a particular chip. And eBay auctions are a good barometer of what's popular and pricey.

  3. Step 3

    Grade your chips. Like coins, casino chips now have an official grading system. Chips are graded new (perfect, fresh from manufacturer), slightly used, (few scratches), average, well-used, poor or damaged.

  4. Step 4

    Find a collecting niche. You may want to collect chips from a certain state or region, or specialize in chips from trendy Las Vegas casinos. Some collectors prefer to collect chips of a particular denomination, such as $1 chips or $5 chips.

  5. Step 5

    Store the chips you collect in a folder. Casino chips aren't susceptible to damage or erosion like coins. As long as you keep the chips out of the sun and away from florescent lights, they should stay in good shape.

Tips & Warnings
  • Don't wash your chips unless absolutely necessary. Doing so may cause damage and diminish their value.
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