Quote:
Originally Posted by Howard Beale
If somebody comes on here and confirms that chips cost more than $1 each I'm going to be incredibly surprised. And even if they cost $1.50 (lol, no) he's a first class nit not to sell you a single chip.
It is very likely the chips cost at least $1 each.
I am a long time chip collector and it was in fact that hobby that led me to the gaming business. The person who gave me my first dealing job was someone I knew from the hobby ... he is also someone who was very involved with the casinos chip program.
While it may seem unlikely to you that the casino pays more for a chip than you pay for your home set .... that is because casinos have other concerns.
Just the design of the chip requires more effort than your home set. After all you probably paid very little attention to gaming requirements, and making sure that the chips were clearly distinguishable by surveillance. And you did not have to spend any money on getting your chips approved by a regulatory body.
But most importantly .... casinos pay extra for the production of their chips because they are buying things which you are not. When you buy a set of chips even from one of the legitimate producers (who must be licensed by the applicable regulatory body) you are buying from chips made available to the generakl public. No effort is made to make sure that your color combinations/edge spot design is at all distinguishable from others. You are given access to colors edge spot designs which are made available to the general public. The casino on the other is buying color combinations/ edge spot combinations/and designs that are specifically reserved for them so that they are not faced with the problem of someone buying chips with identical colors/edgespot designs and then misixing them into stacks . Some casinos have their own chip molds (that is the design along the outside of the chip pressed into the chip). Many casinos have secuirty features even on their $1 chips. These include microprinting and or designs inked onto the chip with ink that is only visible under a black light.
I'm not saying a casino couldn't pay less than $1 for a chip .... just that its not uncommon for the cost to be more than $1. Keep in mind smaller casinos which need fewer chips are going to have higher costs than the larger casino which can get the benefit of a larger order.
No you weren;t out of line to ask to buy a chip. But they weren;t out of line to say no. Perhaps you should have asked to buy a $5 chip. That would generate profit for the casino