I just clicked on an auction for an **Oliver's Castaways Vegas *$1 Chip Rare**.

The chip is discribed as:

"This is an unsual chip...it says Olivers Castaways and then it has an zigzag overstrike...chip is in good condition....it looks like it has seen some table play and needs a slight cleaning......chip rack #.N3854.......see scan.."

Minimum bid is $150.

My problem is that the zigzag is a CANCELLATION. Uncancelled, the chip maybe worth the $150. Cancelled: $30, tops. I feel the chip is being offered as an uncancelled chip with an unusual overstamp -- possibly making the chip even more valuable. Opinions??