Quote:
Originally Posted by football0020
You've officially crossed into degen territory when you decide it's a good idea to carry around $1000+ in casino chips instead of cash.
Maybe, but there are good reasons to favor chips in certain cases.
1. At high values, chips are easier to carry than cash. A $1 chip weighs more and takes up more space than a $1 bill, but a $5,000 chip weighs less and takes up less space than fifty $100 bills.
2. High denomination chips don't count towards the CTR limit.
3. There's probably more scrutiny on high denomination chips than on equivalent amounts of cash. The cashiers tend to recognize people who "should" be cashing chips above a denomination. If you drop a $1k chip, a rando might get questioned trying to cash it. Around here, the $5k chips are signed out with a name.