MGM GRAND $500 CHIPS FAMOUS FIRE CASINO HOTEL TOKEN

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  • Item Category: -
  • Source: eBay
  • Sold Date: May 26, 2008
  • Channel: Auction House

"MGM-GRAND HOTE L/CASINO"

(3) $500 Chips (1) $1.00 Slot/ Token

THE ORIGINAL MGM GRAND WAS ON THE CORNER W "BALLYS" NOW STANDS BUT

BEFORE THEY SOLD OFF THAT PROPERTY TO "BALLYS" THE HOTEL SUFFERED A MAJOR

FIRE ON NOVEMBER 21 1980. THE FAST BURNING FIRE DID MAJOR DAMAGE TO THE

CASINO AND THESE 3 CHIPS AND 1 TOKEN WERE ONE OF FEW ITEMS THAT SURVIVED

IN WHAT WE CALL "LUCKY" SHAPE!

THE (3) $500.00 CHIPS ARE FROM THE 1ST ISSUE OF CHIPS

FUCHSIA, C&J, 3 ORANGE INSERTS

VALUE OF CHIPS ABOUT 2 YEARS AGO FOR EACH CHIP WAS-

$1500.00 AVERAGE CONDITION

$2250.00 S-U CONDITION

$3000.00 NEW CONDITION

OF COURSE THESE CHIPS DO NOT FALL INTO ANY OF THE ABOVE CONDITIONS.

THE TOKEN (SLOT MACHINE COIN) WAS FUSED TO THE $500.00 CHIPS, WHY?

WHEN YOU PLAY LIVE CARD GAMES AT THE TABLES THE DEALERS USE TOKENS TO SEPERATE THEIR

CHIPS, THIS IS FOR COUNTING REASONS-

THESE CHIPS WERE IN THE CHIP RACK AS THE FIRE FLASHED THROUGH THE

CASINO FLOOR AND THE TOKEN FUSED TO THE BOTTOM OF THE 3 $500.00 CHIPS.

YOU CAN CLEARY READ THE TOKEN.

THE BACK OF THE TOKEN READS-

"MGM GRAND HOTEL/CASINO MGM GRAND $1"

"REDEEMABLE ONLY BY PLAYER AND ONLY AT MGM GRAND 1980

THE
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