River City chips (1 Viewer)

mattez

Sitting Out
Joined
Oct 4, 2020
Messages
40
Reaction score
55
Location
Ohio
Found these chips digging through some other old poker stuff. Cant remember acquiring them but I'm sure it would have been in the late 2000's. Chips appear to have some sort of stamp on the inlay. Anyone know the story on these?

riverciyt.jpg
 
https://en.wikipedia.org/wiki/River_City_Casino_(New_Orleans)

Operated for only 9 weeks in 1995 before halting all business and eventually filing for bankruptcy.

The gold foil stamp on it is a cancellation stamp. Maybe these were made by Paulson but never paid for/delivered, so then they were cancelled and maybe sold to the public (or made their way into the secondary market somehow). Perhaps similar to how the cancelled Argosy's came to the general market.
 
https://en.wikipedia.org/wiki/River_City_Casino_(New_Orleans)

Operated for only 9 weeks in 1995 before halting all business and eventually filing for bankruptcy.

The gold foil stamp on it is a cancellation stamp. Maybe these were made by Paulson but never paid for/delivered, so then they were cancelled and maybe sold to the public (or made their way into the secondary market somehow). Perhaps similar to how the cancelled Argosy's came to the general market.
^^^This. The casino was open for a short time, along with a sister casino in NOLA. Company went bankrupt, but had never paid for the chips, layouts, basically everything. Paulson repossessed it all, stamped the chips with cancellation stamp, and re-sold them at their retail store in Vegas. I’m pretty sure this paragraph is referring to the River City casinos in NOLA.
438964BE-4524-476A-A196-F6773C9E1410.jpeg

You can find the entire Paulson history here;
https://www.company-histories.com/PaulSon-Gaming-Corporation-Company-History.html
 
So someone literally removed the gold stamp from these?? All that is there is an indentation.
 
So someone literally removed the gold stamp from these?? All that is there is an indentation.
Yes. I have bought some where the stamp was already removed. I have removed some myself, that I bought, but still had the stamp. I’m pretty sure Paulson sold them with the stamps, and individuals removed them later.
 
I remember buying several racks of the $100’s (different spots than the OP) and racks of $500’s off eBay probably 8 to 10 years ago pretty cheap. I tried to find the $1000’s buy only found one. I ended up selling or trading them. All had cancellation stamps.
 
Thanks for the info. Strange the $5 has the big inlay and does not seem to match the rest of the set.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account and join our community. It's easy!

Log in

Already have an account? Log in here.

Back
Top Bottom