That is correct!! BUT, $1 chips are not a new RACK.
The 2nd $1 was a re-order because we did not have any $1 chips, because the collectors took all of ours. 2,000 in the re-order. Gaming says N. LV must be on our chips and it was not on the 1st ones. So the re-order had to have the N. L.V. Hence a variation. Actually this chip would have been a variation without the added N. The front Logo was bigger, my guess, Paulson could not find the original film. As you are aware, variations are quite common in re-orders, when the original film or molds can not be found.

Lo and behold the re-order disapeared in short order. SURPRISE!!!!

Since we had to have another re-order of $1 and I knew we were changing the rack in a few months, I had the big logo put on the back of the 3rd chip. Hence another variation. 2,000 in this re-order.
Lo and behold they have disapeared in short order. ANOTHER SURPRISE.
I figured since the collectors buy $5 LE's all the time, why not give them a $1 LE. Or 2 in this case. A little break, maybe?

If you figure the cost of the chips plus the art charge plus the film charge, we made, OH BOY, A WHOPPING, $140 on both of the new $1, together.

I think there is a big difference in a $1 re-order and a new rack.
The new rack is Chipco and there are 4 different $1,$5,$25,$100, and $500.