You'll see that chip in play every Wedneday evening in the $28 Bounty tournaments.

When you go all-in you put your bounty chip in the pot. After you cash or bust out you are supposed to cash in those chips directly to the poker room manager for a $5 Chip. The cage will NOT take that chip.

They have two colors..black and red. When the red gets faded it looks a bit pinkish. Hope that helps.