DENVER, Pa. – Morphy’s will be heading west this fall to re-establish its presence in Las Vegas as the premier auction house for antique coin-op machines and antique advertising. An October 27-28, 2023 auction will launch a new chapter in Morphy’s ever-growing Vegas endeavors, with the popular Westgate Resort and Casino serving as the fall sale’s permanent venue. The annual spring edition of Morphy’s Coin-Op, Gambling & Antique Advertising Auction will not be affected and will continue to be held at Morphy’s flagship gallery in Lancaster County, Pa.
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NEW YORK — Casino chips have no inherent value outside of the gambling venues that issue them. They are meant to be exchanged for cash under that roof, on the spot. Sometimes, though, people take casino chips home as souvenirs or forget to cash them in. The casinos themselves might be thoroughly transformed or long since bulldozed, but their chips might not be worthless. The collecting and resale of casino chips is big business. Some vintage chips that bear the livery of defunct casinos or have eye-catching graphics (or both) bring hundreds of dollars each, with a few individual pieces selling for several thousand and the scarcest examples breaking the five-figure mark. While it doesn’t happen every day, casino chips can achieve sums well in excess of their face value.