What do Casinos do with expired Poker Chips?

joker80

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Most of the time they are destroyed. In some states they are sold and vendors such as the chip room , and chip exchange sell them in sales
 

allforcharity

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Very rarely can somebody get expired casino chips. Many states mandate that obsolete chips get destroyed.

Some vendors have business ties and can go through the legal wrangling to acquire (fairly recently) closed casino stock, but it's not like it happens on a regular basis on a short cycle. And it's not like it gets sold quickly all the time - sometimes inventory can sit for months and years.
The odd forum member has been able to find some out of sheer persistence and not a little luck in combing the web for hidden opportunities.
 

inca911

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The odd forum member has been able to find some out of sheer persistence and not a little luck....
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I prefer the term “eccentric”.

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Luck and patience.
 
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My casino got new tournament chips a couple years ago. I asked about buying the old ones. They told me they had to be destroyed per state gambling requirements.
 

allforcharity

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My casino got new tournament chips a couple years ago. I asked about buying the old ones. They told me they had to be destroyed per state gambling requirements.

This is where you get a lawyer involved, if you've got the temerity and the funds. It can be (and has been) argued that only the Value chips (anything used for cash and is a directly liability to the casino based on its face value) are the only ones that ABSOLUTELY REQUIRE destruction, but that the Non-Value chips (i.e. tournament chips and roulette chips) are not a legal liability against the casino corporation and therefore can be sold or disbursed like any other physical asset of the casino (like the tables, chairs, dice, and wheels). I'm sure a similar argument can be made for SECONDARY Value chips which have never been put into play, a la the recent Lady Luck Caruthersville MO sale from The Chip Room.
 

inca911

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@inca911 so you’re telling me that there are 45 racks of yellow LCO $2’s out in the wild?! where are they all? I’ve only seen like two sets here on PCF. ;-)
The majority never left home! I have a fun limit set + several racks were labeled into PdC quarters.

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Lots more pics in the MinneMania thread!
 
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