I posted this chip on the BB right after it was issued with the story. Everytime someone showed it, I also posted the story.
That said, it probably does not matter what the story is or what TCR says, the chip will float on the auction sites for whatever the bidders think its worth. It does have The Palms logo.
I have posted the story of how many of all the Palms no value chips were made. The Rain/Ghost Bar and Playboy have continued to sell way out of proportion to how many were made. Rain/Ghost Bar chips have recently became available much cheaper. Playboys will do the same some day.