Mark,

The significance is due to the outer ring being reversed. It would be significant if the seller were offering such a token as a variety or error.

Yes, the casino will still redeem this token. However, I'd hate to see them put it back into circulation.

The MAJOR problem as I see it is some unscroupulous person doing this on purpose.

The current going prices of the first issue of the Gold Strike Inn tokens from Boulder City, NV are extremely valuable pieces now. However, one could take a First issue Bolder Dam token from that casino and remove the outer ring and replace it with a Gold Strike Jean outer ring and picture only the Boulder Dam side of the token and attempt to pass it off as the first issue. However, the Logo side of the token if picutred would be a dead giveaway to most collectors as the Logo shows the city as Boulder, Nevada on the first more valuable token and the Second show Boulder City, Nevada.

The other problem I see is with the El Cortez tokens. They have two sets 5 tokens with a variety of mispellings of the word "Limited". On the revised set(.999 Fine Silver on the Silver Center) there are two tokens with the correct spelling on both sides of the outer ring. The other three have the mispelling on them. Now if one were to remove the outer ring from one with the mispelling and one with the correct spelling and switch them they would have a "rariety", those being the only two in existance, abeit ALTERED TOKENS.

As far as taking tokens apart, it's it can be a very simple process. Some centers are so loose that if the token is dropped or a little pressure is applied they come apart.

When the center is not centered to the outer ring as in the case with this token on E-Bay, it must be suspected that the center has been removed and replaced. At the mint if one side of the die has turned, the entire die is found turned meaning that the center is still centered to the outer ring. This is probalby why we've found "Coin Aligned" varieties of several tokens which are RARE.