Marc;
to quote you: What slabbing is not for:

It is not for the collector of newly issued chips that come directly from the Casino. Nor is it for low to medium value chips

What about this coin?

http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1270551718

I fail to see the difference between low to medium value chips and low to medium value coins.

I really think they will grade and slab anything as long as there is a buck to be made by doing so.
Fine for investors, real bad for collectors. Collectors do not care about grades for our chips and strikes.

A very concerned collector
Bruce