That's an excellent example; the bridge looks fabulous. On the other hand, if you at the denomination, the area by the "2" between the body and the tail has silver, and the area inside the top of the five between the top line and the top of the belly seems to contain silver.
The hot pressing raises ridges in the chip material, and I can't predict, from chip to chip, whether the raised ridge will by base-colored clay, or gilded with the silver or gold. My Paulson Fun-Nite set may not have been the most carefully manufactured set, but I see the same irregularity in every hot-stamped set I've seen. The plainer the art, the less you notice these minor imperfection - you may not notice them at all, without looking for them - but I think art with a lot of detail inevitably leads to more such instances. I'll try to take pics of what I mean.
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Two pictures, same set, the best/worst of the first four chips I picked up:
This is both chips on the same flat surface in the same light; picture was reduced in size for the post. The bottom two inset squares are original size, to show detail.
The chip on the right looks better in person, because you don't notice the (green) ridges around the hot stamps. It really looks perfect; the ugly ridges only show on this oversize photo. The one on the left looks even worse in person, like it's smeared. But you can see how the gold foil runs up to the top of the ridges, as well as spreading outside the leading F and the leading N.