My Ebay auction ends tomorrow for my $1000 Caesars Palace 10k gold baccarat chip.
$1000 Caesars Palace 10k gold baccarat chip. This belonged to a retired Caesars Palace employee who was basically a "lifer" there. There has been some info out there already on this rarity, and to add what I've been told by this Caesars employee, this chip was meant to be given out to the finalists of the baccarat tournament held at Caesars Palace during either the late 70's or 1980 at the latest. The gaming commission stopped the use of this chip because the chip itself had material value given it was 10K gold and not the typical non value material of something made of plastic or clay, as a result, Caesars decided to give these out to their best customers as a gift and some went to Caesars best, long term employees, the rest were scrapped for there gold value. The first photo you can see the "10K" gold designation as its only on one side.
Yes there was an Ebay auction a few years back where another of these went for over $5k, but the most recent Ebay auction was on March 10, 2013, that auction ended at a price of $1,052 (see 2nd photo). Mine has a little less surface wear compared to that one and has a nice shine to it. Considering what these have been going for as of late, I'm putting a fair low reserve of $700.00 on it, but the bid with 24 hours to go is very low, so it might be a great chance to steal this one at the reserve.
Any questions, let me know. This one will be tough to let go. CCGTC member R-8486
Phil
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