>>>>So if Phil walked into a casino on the strip today and purchased some current chips from the cage, they would qualify as "From the Phil Jensen collection".<<<<

That's true. I bought a chip from Chuck on eBay that was from "the Phil Jensen collection". I had just started collecting and didn't know what the PJ collection tag signified and my query to Chuck with payment got lost in the hubbub of Chuck's day-to-day busy-ness. Since I acquired the chip I found out more about Phil and his adventures. My chip wasn't a member of Phil's storied original collection (and I never believed it was represented as such!) and in fact is a pretty mundane piece but the real value of the chip, to me, is the connection to a pioneer of the hobby, Phil Jensen. I like the fact too that I was able to do business with another figure in the hobby, Chuck Smorse!