One of the very few "one bit" chips that were made. (A shave and a haircut would have set you back 25-cents or... two bits). Despite some considerable tinkering in Photoshop, the color here is a bit too dark as compared to the actual chip.
My favorite frac is this one here. Issued in 1954 by the Horseshoe Club (Binion's) in Las Vegas. Chased this chip for a long time and was finally able to buy it in one of Doug Saito's Chip Chat Auctions a couple years ago. After acquiring this chip, there is only one Binion's frac chip I do not have in my collection which I've never even seen before (may never see it.) Cheers!