[snakster]

I apologize in advance if this is being discussed elsewhere. Thought this might be the best place to get some feedback.

I just learned that the Sands in Atlantic City will be shutting down on November 11. Is it worthwhile to head on down and stockpile some chips? If so, which types of chips end up being the most collectible. I'm certain that condition plays a role here too. What's the best approach when looking at soon to be defunct chips?

[bigjohn]

Any pics on what the chips look like><>?

[Gaming Ore]

Courtesy of Archie Black (Founder of the CC&GTCC and an Atlantic City NIS) here are scans of all the current Sands chips, other than LE's, NCV's and roulettes.





In my opinion, not a one is exceptional in any way. As far as value... You must keep in mind that New Jersey Gaming has a regulation in effect that stipulates that any and all, cash-value chips, will always be redeemable, at face value, for the life of New Jersey Gaming. This is very unlike most gaming jurisdictions around the World.

If a casino closes and is re-opened under a different name, by the same owners (which is supposed to be the case for the Sands) the old chips can always be turned in to the cage for face value. It should be noted the if you have either of the two earlier $25 chips from the Sands, you deffinately DO NOT want to turn them in at the cage, as they have value greater than face!!!!

It would not be likely for this to happen with the current $25, or any of these chips shown, as the news is out... the place will be closing. However, of these chips, it will be the $1K and $500 to show any value. This is because, generally speaking, there are fewer of these chips in existence. New Jersey Gaming requires and monitors destruction of discontinued chips. This means that the population of these denominations are guaranteed to be reduced in the short term.

How much they will increase in value is hard to say, but as it stands now, there are very, very, (did I say VERY?) few collectors out there that collect these denominations at face value!

I hope this helps answer your questions. Archie Black's wonderful website is located here: http://www.callzia.com/dghome/acchips/Home.htm

Jim (Gaming Ore) Follis

[snakster]

Interesting stuff, thanks a lot. I had just heard the news and was curious. I KNEW this was the place to get the poop. Not sure if I'll go out of my way to get down there in the next 2 weeks. There doesn't seem to be any great motivation to do so unless you want something that will technically not exist anymore. Not that big of a deal to me.

Thanks again.

[Midnight Rose]

Originally Posted by snakster

Interesting stuff, thanks a lot. I had just heard the news and was curious. I KNEW this was the place to get the poop. Not sure if I'll go out of my way to get down there in the next 2 weeks. There doesn't seem to be any great motivation to do so unless you want something that will technically not exist anymore. Not that big of a deal to me.

Thanks again.

True enough; but on the other hand, if you do find yourself there, I wouldn't be adverse to buying or trading for a $1, $2.50, and $5 from you (really, I like the chips, not for resale or "investment" value, but just because I like the chips). However, there's a member at HPT who said he might go who I asked too, so if you could give a heads-up first, that would be right neighborly of you.

[bigjohn]

Pretty cool lookig chips