

![]() |
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. |
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]