Between a chip and a token? What is the definition of each? In my mind, a token is used in a slot machine and anything used on the table to play a game is a chip. I show a group of metal pieces that I would consider chips. The large, silver dollar size, church chips are used in poker games at festivals. The little brass piece at the bottom is a marker from the late 1600 to early 1700s. Would a marker like this be considered a chip or token. The markers with "5" and "25" on them are from old poker sets. Are the terms chip and token a little fuzzy in their meaning anyway? Any thoughts on this?