Since there were over a 100 different chips issued, many casinos thought that customers would collect them and some did. Of course these were used in a time when silver was cheaper than today. Since these casino tokens generally had a $10.00 value in the casino, they felt like they won if you took them home instead of cashing them in.
While no longer used today, there were many of these tokens carried home by gamblers as a memento of their visit. Many of these faux coins were minted by the Franklin mint and a few other mints. After it became apparent that customers were hoarding silver dollars, the Gaming commission allowed the substitution of gaming tokens in August of 1965. Government stopped issuing silver dollars in 1964 Silver strikes, or tokens were used in slot machines in Las Vegas, and other gambling establishment’s slot machines.
