Review-Journal LogoDonrey
Monday, January 20, 1997

Museum in the chips:

By John G. Edwards
Review-Journal

      To gamblers, casino chips offer an easy way to tally up winnings or losses. To casinos, they are essential supplies, marketing tools and a way to profit from America's latest collecting craze.
      Steve Cutler, 45, curator of the Nevada Gold Museum, understands all the uses of these brightly colored pieces of plastic.
      He was among the first to comprehend the mystique chips have for visitors and the potential they offer casinos beyond the green felt tables. He had been collecting chips and other casino memorabilia for 30 years in 1992 when he established a museum for them at the Pioneer, the Las Vegas gambling hall famous for its Vegas Vic sign.
      Not only did he run the museum, he created a six-piece set of limited edition casino chips that could be used to place bets at the table games but also commemorated the 50th anniversary of the casino.
      On one side was an image of Vegas Vic, the jaunty cigarette-smoking cowboy who came to symbolize Las Vegas. On the other side was a picture of the building when it opened in 1942. The casino created only 200 sets of the chips.
      Cutler also created a 12-set chip set, with denominations ranging from 25 cents to $100, for the Pioneer. This set showed pictures of various historic events in Nevada.
      "We had people standing in line to buy all these chips, not to gamble," Cutler said. "After that happened and it was on TV and everything, that was when nearly all the casinos jumped in. Now there's limited edition chips every week coming out."
      Casinos are turning out commemorative chips, not just to make money but also to market themselves to visitors.
      They produce chips to celebrate prize fights by Mike Tyson, the National Finals Rodeo in Las Vegas, baseball greats, performers such as the late George Burns, grand openings of new casinos and gambling events, such as the World Series of Poker at Binion's Horseshoe.
      Cutler's museum at the Pioneer itself became part of history when the old downtown casino closed in June 1995 -- the victim of competition from new Las Vegas megaresorts. The collector found a bigger, better home for his treasured casino items at the Flamingo Hilton Reno. The Hilton set aside 2,000 square feet for the museum and now has relocated the museum to a larger home at the Flamingo's sister property in Laughlin.
Next Column


      In addition to managing the museum, Cutler creates new limited edition chips for collectors. Hilton Hotels Corp. contracted with him to produce new limited edition chips with caricatures of flamingos.
      For the Flamingo Hilton Reno, Cutler created a 12-piece set of Zodiac chips with all the astrological signs. He made a 12-piece set of chips for the Flamingo Hilton Laughlin, showing 12 classic cars, ranging from a 1949 Chrysler to a 1961 Corvette.
      Cutler himself appears on a chip commemorating the reopening of the museum in Laughlin. And Bill Bigelow, president of the Laughlin hotel, is talking about using the chips to celebrate a series of concerts that will climax with an appearance by the Doobie Brothers on April 25 and 26.
      Casino managers know commemorative chips cost little to make and that collectors rarely return them for their cash value. They also know that they are a long-lasting advertisement for their properties.
      Cutler argues that chips offer a no-risk way to collect. If the collector tires of his chips, he can simply cash them in at the casino or resell them to another collector for a profit.
      Chip collecting is fun, educational and a good way to meet nice people, Cutler said.
      There's no doubt chips are becoming favorites for collectors as casinos spread to other states, introducing more and more people to gambling.
      "Five years ago, there was no such thing as a gaming memorabilia or casino chip show," Cutler said. Now, casino chip collectors fly around the country to attend shows for the new hobby.
      The American Numismatic Association, based in Colorado Springs, Colo., has recognized casino chips as a category of monetary collectibles. Casino chips also are becoming increasingly popular with coin collectors, said numismatic association spokesman Stephen Bobbitt.
      "You're at the ground floor of a new hobby, and this is the only museum of its kind," Cutler argues.
      "This is like baseball card collecting in '65 or coin collecting in 1955," Cutler said. "You could start collecting today and have an unbelievable collection in a few years."
[News] [Sports] [Business] [Lifestyles] [Neon] [Opinion] [in-depth]
[Classifieds] [Help/About] [Home] [Archive] [Current Edition]

[an error occurred while processing this directive]