Thank you very much Tyrus for your post. I needed to see others and thanks to you I am now satisfied that my theory was wrong. This will really help me to re evaluate my thoughts on these chips. I think the answer is in the flaws in the chips. I do not think KING would be too happy with a chip with an off center cut on the inlay and an off center placement of the inlay. Not fit for a KING or a President.
Your reverse picture had me going for a minute.