Honest guy I think but he is using “The Official Guide to Grading” by PCSG and/or Photograde.
To tell you the condition of his chip.
Here is the link
http://cgi.ebay.com/Silver-Palace-Casino-Chip-5-only-4600-Made_W0QQitemZ6196526165QQcategoryZ63752QQrdZ1QQcmdZViewItem