I've seen this chip auctioned several times before. It seems to bring about $200+.

This auction does not appear right to me on several levels.

1 --- What strikes me as most strange is that the big ivory collectors don't bid on this auction. I know this from talking to some collectors who would normally pay $2K or more for a new find $200 chip.

2 --- Normally one could expect a large denomination piece to be larger then lower denomination chips. Many of the known hundreds run from 1 5/8" to 2". This chip is 1.5", the same size as the cheapest generic plain chip.

3 --- The carving is minimal. This is strange considering it's such a large denomination chip.

4 --- Previous auctions were in the "Chips" section. This auction is under "Amusement parks"

5 --- It's a private auction

To me it appears to be a colored rim, plain chip that someone had carved (or hot stamped), probably recently.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3904181846&category=13878