the Nevada Chips and Tokens.

Regulation 12

12.060 Use of chips and tokens.
1. Chips and tokens are solely representatives of the value which evidence a debt owed to their custodian by the licensee that issued them and are not the property of anyone other than that licensee.
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Now that paragraph could be an interesting clause for those chip/token dealers and collectors in NV if a casino were to order a dealer or collector to return "THEIR PROPERTY" back to them for redemption. I suppose that they could have gaming enforce that request.

Although we as collectors/dealers never get to read the regulations we're subject to them. So, even if you have a chip or token from Nevada in your hot little pocket or collection according to Nevada regulations it really belongs to the casino.

Could a Nevada casino order you(the custodian) not to sell "THEIR" active chips and tokens on the auction sites, web sites, newspapers or magazines?

I know, I know....A FAR FETCHED Scenario!

Thank you Gene for the copy of the Regs.