LOT #47353 |
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Flamingo $25 Las Vegas Casino Chip, Third Issue, R-8 / R-10 Uncancelled, Circa 1950....
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Description
Flamingo $25 Las Vegas Casino Chip, Third Issue, R-8 / R-10 Uncancelled, Circa 1950. The most famous casino hotel on the Vegas strip opened in 1946 by mob affiliate Benjamin "Bugsy" Siegel. This small key mold chip has it all: great colors, a picture inlay, and a super rare $25 denomination with only three known to be undrilled. This chip has not been on the market for years. In the old days, the casinos drilled chips as a way of canceling them; they then often sold them as souvenirs. Other $25 chips with this extreme level of rarity have sold for $40,000.Condition: When manufactured, this example was possibly pulled aside due to the off-center inlay. Since the inlay adhered slightly over the edge, a ridge can be felt but, this has absolutely not been reattached. This chip might also have been held back by the manufacturer due to the slight molding line on the very edge. Chips are stamped together in two part molds leaving a slight ridge which is then smoothed by a lathe. Two small edge chips with fine scratches and some very tiny edge nicks.
For more information about casino chips, please read The Basics Of Casino Chip Collecting.
Auction Info
2010 May Grand Format Political & Americana Auction #6035 (go to Auction Home page)
Auction Dates
May, 2010
22nd
Saturday
Bids + Registered Phone Bidders: 4
Lot Tracking Activity: N/A
Page Views: 7,677
Buyer's Premium per Lot:
19.5% of the successful bid per lot.
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