of "obsolete" was that a collector could not expect to go the casino and be able to obtain one. In other words, that it was not currently in use for gambling. Of course some casinos (Caesars Palace comes to mind) could have a number of older not in use chips in the cage, but you can't really count on any particular chip to be there. The reason for the definition, as I remember, was that the ability to cash in differed so greatly by geographic area and even within Las Vegas from casino to casino. It also seems to be more in keeping with what collectors need to know - can I really just go and get one, rather than what investors might be more interested in, this chip has no premium value, so can I still cash this chip in. Getting a chip is part of the collecting process, selling a chip is part of the divestment process. Of course, both are important to most collectors, but the first seems more in keeping with the concept of collecting. Charles can correct me if I got anything wrong.

Michael Siskin