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Lot
47380

Sands $5 Las Vegas Casino Chip, Ninth Issue, R-9, Circa Late 1950s....

2010 May Grand Format Political & Americana Auction #6035

 
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Auction Ended On: May 22, 2010
Item Activity: 2 Internet/mail/phone bidders
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Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Description:
Sands $5 Las Vegas Casino Chip, Ninth Issue, R-9, Circa Late 1950s. This chip issue is known as the "cowgirl leaning on the hourglass" or just the "hourglass" issue. This is one of the best-known vintage Vegas logos, used in advertising and promoting throughout the 1950s; a very appropriate emblem back when Vegas was a western-themed town. "A Place in the Sun" was the Sands' original logo but later they utilized a more Western motif. Oddly, for the tenth and eleventh chip issues, the Sands reverted to the sun advertising logo again.

This is the showpiece chip in this auction. Of the top four chip sales to break the $100,000 mark, two were Sands chips, with a $100 eighth issue bringing $145,000. Only three good $5 chips are known extant with one additional chip drilled. This example comes from an old time collection and has not previously been offered for public sale. We expect active bidding on this lot. Don't let this amazing opportunity pass you by.

The Sands opened December 15, 1952, with 200 rooms. The legendary Rat Pack first performed together on stage at the Sands in 1960 while they were filming the movie Ocean's Eleven. There is not likely a better known casino than the Sands; its name synonymous with early Las Vegas "cool" and "hip." The Copa Room at the Sands was the place to see and be seen for many years. In the mid-1960s, Howard Hughes purchased the Sands and added a 500 room tower. Sadly, the landmark casino hotel was not able to keep up with the newer mega-resorts being built on the Strip. It was imploded on November 26, 1996, and demolished to make room for a new resort, the Venetian.

Condition: Very Slight Used with no issues. Most of the crosshatching comes near the outer edge. Superb inlay colors and contrast.

For more information about casino chips, please read The Basics Of Casino Chip Collecting.

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Service and Handling Description: Miscellaneous Collectibles, Small (view shipping information)

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