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It is really both. Slabbing tends to artificially inflate the value of a chip (coin, baseball card, etc.) and it really only benefits the seller, not the collector. Click the below link for a plethora of information:
http://slabfree.marlowcasinochips.com/index.htm
Cheers!
Bill
Slabs purchased on ebay 
Slabs purchased on ebay
Slabs purchased on ebay
Slabs purchased on ebay
Slabs purchased on ebay
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