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Casino chips (also known as poker chips, gaming tokens, or checks/cheques) are small discs used as currency in casinos. Larger, rectangular gaming plaques may be used for high-stakes games. Poker chips are also widely used as play money in casual or tournament games, are of numismatic value to casino chip collectors , or may be kept as souvenirs .
The simplest sets of poker chips include white, red, and blue chips, with American tradition dictating that the blues are highest in value. In the United States, blue chips were traditionally used for higher values such that "blue chip" used in noun and adjectival senses are attested since 1873 and 1894, respectively.
The Chip Rack, now in its 21st edition, attempts to include all chips and checks issued by casinos in the State of Nevada. Some chips are considered high-value and have a listed value as high as $50,000. During their 2014 convention, a $5 chip from the Golden Goose SOLD for $75,000, and a $5 chip from the Lucky Casino SOLD for $52,500.
Each player or team then chooses a set of poker chips; all members of each team share chips of the same color (Blue and green chips are always used, while red chips are only used for three-player or three-team games). The number of cards dealt to each player varies by the number of people playing: Two players: Seven cards each
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Historically, poker chips were made of bone; however, modern casino chips are often made of clay or a clay composite and are considered the most upscale variety of poker chip; other high-end chips are made of ceramic. Plastic chips are also available, at a wide variety of quality levels. chip declare
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