This chip is not from anywhere in MONACO.
I'm the person who found a quantity of them 20 years ago and introduced them to the hobby, while selling large lots to dealers and offering them here and at eBay as "location unknown" since day one. Since, the chips have been labled as being from NOLA, Monaco and Cuba... which is somewhat confusing regarding Cuba, because two vendors there who were offering them were approaced by someone showing them my sales flyer back then... and as far as I know were never out in the open again, though have been spoted by Cuba collectors as being used there. Very possible.
There are two interlaced, back-to-back C's forming the monogram... it is not an "O" or anything else and there is nothing in Monaco with such a monogram.
The ChipGuide number is CG099301
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