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Started By
Message
Do casino chips "expire"?
Posted on 1/13/15 at 12:54 pm
Posted on 1/13/15 at 12:54 pm
I was cleaning out some closets and found a backpack I used on a trip to N.O. in '07. in one of the pouches I found several $5 and 2 $100 chips left over form a drunken night in Harrah's. Must have shoved them in the bag prior to passing out. I'm not a gambling/casino regular so I'm ignorant as to whether they still have value?
14
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
not if you are an LSU football player
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
give them to me. I'll find out for you.
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
Ill buy them from you for 50 cents on the dollar.
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
No
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
Doubtful, since they're likely using new chips. Don't know how often they reissue the chips, but it's certainly been since 2007.
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
No but I collect old ones and will pay a few bucks each.
Posted on 1/13/15 at 12:55 pm to Tiger inTampa
If they change the chips, then yes.
Posted on 1/13/15 at 12:56 pm to Tiger inTampa
quote:
Do casino chips "expire"?
quote:After a year, they lose 50% of their value. That being said, I'll give you $150 for them
I found several $5 and 2 $100 chips left over form a drunken night in Harrah's
Posted on 1/13/15 at 12:56 pm to Tiger inTampa
just go play some bj. they will break down the black chips at the table and then go cash out the red a few hands later.
worst case you are out a few hands, best case you win more
worst case you are out a few hands, best case you win more
Posted on 1/13/15 at 12:56 pm to Tiger inTampa
Pretty sure they do not have expiration dates, with that being said if you show up with chips that are 50 years old they probably won't cash you out, but a few/several years should be fine.
Posted on 1/13/15 at 1:01 pm to Tiger inTampa
Thanks folks. So at best I get a % back at worst I've got some tangible proof I had a good time back in '07. 
Posted on 1/13/15 at 1:28 pm to Tiger inTampa
They change up the chips periodically, so that may be it. I've got a bunch of old chips from several Vegas casinos some of which aren't around anymore. For the ones that are still around I know I can't take in and trade them out.
Posted on 1/13/15 at 11:49 pm to jmarto1
Chips are like cash. If they don't take them at the cage, speak with the casino manager, should take care of them, a couple hundred bucks won't make them blink.
Posted on 1/14/15 at 12:17 am to jmarto1
quote:
They change up the chips periodically, so that may be it.
I'm absolutely sure that changing the chips does not render them worthless.
Posted on 1/14/15 at 5:50 am to Tiger inTampa
No they don't. There is a huge underground economy with poker chips. A lot of illegal things are paid for with poker chips. They don't go "bad".
This post was edited on 1/14/15 at 5:52 am
Posted on 1/14/15 at 7:07 am to RollTheRock
quote:
Chips will eventually expire. Once the casinos have notified the GCB (Gaming Control Board) that the chips will be expired, there is an expiration date submitted. After that date, it is at the discretion of the casino to determine if they will honor the request to redeem it. The old chips are either destroyed or marked (ie hole drilled or mark punched into it) and sold at gift shops. Usually, if you're cool about it and the value of the chip(s) are relatively low.....$5 or less.....then they'll do it within 1 yr of the expiration date. I've never heard of a casino honoring chips older than 1 yr old.
LINK
This discusses Las Vegas and the statute is in the comments.
Posted on 1/14/15 at 7:33 am to Tiger inTampa
I went to Vegas for my 21st birthday and brought home a few chips as a souveneir. I went back a few years later and brought them. The casino had changed chips but they gave me my money.
If it's a lot of money they may be hesitant.
If it's a lot of money they may be hesitant.
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