Casino Chips Value
Casino chips are identified by the different chips colors which are used in the chips of different denominations. In the earlier days when the casino chips had just been introduced, the chips were simply objects like bones, wood pieces and paper on which the value of the chips used to be engraved or written. All the chips were of similar color. However, with the pass of the time arose the need of having different colors in order to easily identify the different denominations in the chips.
Colors in home chips sets
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Poker Chip Values Guide
For home games the chips are usually available in colors like blue, white and red and rarely in black and green. However, in the recent years more colors have been introduced in home sets and are easily available today especially low cost plastic chips.
The new sets include colors like grey, orange, yellow, purple and pink. New designs have been introduced too like the tree-color chips where the chips go through a molding process and have a unique base color, a secondary color and detail color. Chips sets are generally tailor made so the values of each colored chip would be different for different manufacturer.
Casino Chips Colors
The chips which are used in casinos have standard colors and sizes which are specified by Gaming Control Board in order to bring in some consistency. However, these rules differ for every state. Illinois and New Jersey have uniform structure while in Nevada there are no regulations. The casinos in Nevada use different colors like grey, blue or white for $1 and so on. Every casino also has a unique identification on their chips as per the state regulations.
Yellow chips are worth $20 in casinos in Illinois and Atlantic City while in Southern California they are worth $5 and in Connecticut they are $2. Blue chips are used as $10 in Atlantic City while in California and Las Vegas they are $1.
Larger denomination chips
Casino chips are also found in larger denominations like $1,000 or more, depending on the betting limits of a particular casino. These chips are generally orange and yellow in color and are larger in size. In Atlantic City and Nevada casinos chips of 5000, 10,000, 25,000 and even higher denominations are used though the colors used for these chips are different for every casino.
Chips of more than $5,000 are reserved especially for high limit game rooms and are not seen on the general floor for the public. Some casinos even have plaques instead of chips for higher denomination chips and the largest value was of $10 million which was used in Las Vegas at the London Club.
In Europe the casinos follow a similar type of color scheme. Several European casinos clubvulcan777.org also use plaques and not chips for chips with higher denomination.
Colors and values
Generally the values represented by the colors of the chips are as given below but they might vary according to the jurisdiction of the casino:
- Peach - $0.25
- White - $0.50, $1
- Pink - $2.50
- Red - $5
- Blue - $10
- Yellow - $20
- Green - $25
- Black - $100
- Purple - $500
- Orange - $1000
- Grey - $5000
Intro
Deciding on what kind of poker chips, sometimes called cheques (or checks), is a decision that every home poker hosts needs to make at some point. Some low-stakes home poker games use coins for poker chips because they think it is more convenient. Personally, I think this is a pain in the pass. It is annoying to have to buy a huge stack of quarters beforehand - and you also have a huge roll of quarters after the game.
Purpose of Casino Chips
Chips are used for a few reasons. Because of the standardized size and shape of chips, they are easier to manually count compared to money. The standardized weight of poker chips also allows casinos to count the chips by simply weighing them. One of the biggest reasons that casinos use chips is that gamblers bet more with chips then if they used cash. And now that they have a long history behind them, chips have become an integral part of the gambling experience, and gamblers (especially poker players) enjoy using them.
Casino chips generally have no value outside of the casino, though in Nevada, some casinos may honor chips from other casinos. Certain businesses, especially workers that make tips (such as waiters or taxis) may accept them informally.
Casino Chip Design
Chips used by casinos always have a custom design with custom colors, and have the denomination and the name of the casino on the face of the chip.
Chips used in tournaments are usually much cheaper because the chips have no cash value. They are also much simpler in design and usually only have a single color. At high-profile tournaments, however, such as the World Series of Poker, they use custom-designed chips.
Colors & Denominations
- Standard denominations & colors - The chip colors that come in the most popular home poker chip sets are: white, red, blue, and sometimes green and black. You can find additional colors if you look. In casinos, the white, red, and blue chips are also the most common colors used. Common additional colors are pink, purple, yellow, orange, and grey. In casinos, the less traditional colors are used for the high-value chips $500, $1000, $5000, and $25,000, or for chips that have non-standard denominations such as $2 or $0.50 chips. In some gambling jurisdictions, the Gaming Control Boards specify uniform chip colors and sizes for the purpose of consistency, as well as the chip's value and the name and location of the casino on the chip. Although there are no universally standardized values for poker chip colors, here is a chart of the most common values:
Poker Chip Values & Colors
Color Value White $1 Pink $2.50 Red $5 Blue $10 Green $25 Black $100 High-denomination chips - Denominations above $5,000 are rarely seen by the general public since their use is usually limited to the high-limit gambling areas which are segregated from the main floor. For very high denominations, casinos often use 'plaques' (pictured to the left) which are about the size of a playing card and are marked with serial numbers.
Plaques - Casino chips are also available in denominations of $1,000 or more, depending on the wagering limits of the particular casino. Casinos in popular gambling areas that permit high wagers, such as Nevada or Atlantic City, can have chips available in $5,000, $10,000, $25,000, and more.
Non-standard denominations - Casinos sometimes use uncommon chip denominations for specific reasons. The $2.50 chips are used mostly at blackjack tables, since a 'natural 21' (a 21 on the first two cards dealt to a player) usually pays 3-to-2 and many wagers are in increments of $5. The $20 chips are used mostly at baccarat and pai gow poker tables where the game charges a 5% commission on some wagers. The $20 chips can also be used at the roulette and craps table where a player can make a 4-way $5 bet. The $20 chips can also be used in $10/$20 poker games. The $8, $88, and $888 chips are common in casinos that cater to Chinese gamblers because the number '8' is considered lucky in Chinese culture.
Size of Chips
The standard size for official casino chips is 39 millimeters in diameter. Although home poker chip have no official standard width, the majority of home poker chips are 40mm in diameter. Home poker chips are tend to be a little thicker than official casino chips. The size of your poker chips is important if you will be using or buying chip racks because you need to make sure the chips fit well.
Cancelled casino chips
Casino chips are occasionally cancelled (taken out of circulation) by casinos. This is usually done for a few reasons: (1) the casino goes out of business (2) the casino changes its name (3) the casino changes its chip design. Usually there is a law that requires a casino to give the public advanced notice if they are closing or changing their chip design to allow people a chance to cash in chips. Genuine casino chips are usually cancelled in one of three ways:- a drill hole (pictured right)
- notching or clipping the edges off (pictured right)
- overstamping
Are Casino Chips Worth Anything
Overstamping is not used often since the stamp could easily be missed by a cashier cashing in the chips.
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HPG ADMIN on March 1, 2013