James,

Yes, they did have the full inlay that covers the full surface of the chip, all the way to the edge. I have a .50, $1, $2, $3, $5 and several $5 "Year of" chips that were made this way.

Here is a scan of the edges of the .50 - $5.

My notes say that these were their first issue and I acquired them in April of 1997.

Greg