Chips were invented for the convenience of calculations in gambling houses. Compactness and practicality have made them a good alternative to the usual money. Each casino uses chips made exclusively for it. They bear the symbols of the institution, as well as protection against forgery. In this article, we will talk about how chips appeared, and how they provide protection against counterfeiting.
How did the chips appear?
Gambling has been existing for many years. There were many attempts to create an alternative to ordinary money for calculations in gambling houses. But in the form in which the chips now exist, they appeared in the nineteenth century. In those days, poker became popular, everything was at stake: the gold bars, the player’s personal belongings, and so on. Therefore, casinos have created a convenient way to calculate winnings and losses. They invented unified chips that allow calculations to be made regardless of what is at stake.
Initially, chips were made of iron, wood, bone, thick paper, and even stones. There was even no hint about the virtual chips so that today’s Neily 777 net worth could only exist in the form of real chips exchanged for real money. By the end of the XIX century, a certain standard for the production of chips from clay had been formed. In the 1950s, casino chipmakers began adding a variety of additives to the clay to create more durable and strong products. And since the 1980s, most manufacturers have started producing ceramic chips. They are more durable than clay. In addition, such tokens are easier to illustrate.
Denominations and materials
Clay, sand, chalk, and calcium carbonate are used in the production of chips. Currently, the world gambling business has a standard for the color of chips, depending on the face value:
● white – $1;
● red – $5;
● blue – $10;
● green – $25;
● black – $100;
● purple – $500;
● orange – $1,000.
Depending on the currency, there are differences in face value. But in general, the above-mentioned standard can be traced in the casinos of any country in the world. At the same time, some gambling establishments have unique chips. For example, with a face value of $10 million at the Alladin Casino in Las Vegas, USA. Wynn Encore & Casino in Las Vegas and some other casinos use tokens with built-in trackers.
The most popular company that makes chips for casinos is Chipco. It has already released more than 60 million chips for gambling establishments in many countries around the world. Also, a popular manufacturer is Atlantic Standard Molding, which has been operating since 1912. Meanwhile, the most expensive chip in the world is considered the work of Canadian jeweler Jerry Levy. It weighs 136 grams and is made of rose gold and many diamonds. The face value of such a chip is 366 thousand dollars, it will be accepted in most world casinos.
