Stu,

It is about the legal definitions of what the chips are and how they can or can't be used.

When The Lodge casino opened in Black Hawk Colorado, they had a grand opening set made that were placed in Lucite holders made by Bob Dewitt. The Lodge was selling this $1, $5, $25 chip set from the cage in the holders for $100. Colorado collectors took this matter to the Colorado Gaming Commission's monthly meeting to protest the over-face sale of chips at the cage. The Colorado Chapter president at the time was Lee Bruton. He took a binder full of Colorado casino chips with him to show the CGC an example of chip collecting. One of the commissioners thought that his collection should have been confiscated on the spot, because according to the letter of the law, he didn't own them, the casinos did, even though most of the chips were from closed casinos! Lucky for Lee, the rest of the CGC didn't feel the same way and let him take his collection home. However, it could have had a different ending, according to a strict interpretation of the gaming laws in Colorado, which are modeled after those in effect in Nevada in many aspects.

Bob