Albert,

The $1 L.C.G. (Low Cost Games) chip you have pictured according to Campiglia & Wells 4th Edition is:

Las Vegas, 1964-1967, 3rd Issue, Lavender Color, C&J Mold, No Inserts, Hot Stamp Inlay, Unique Rarity, AVG - 750, SU - 1100, NEW - 1500.

It does not mention anything about value in regards to the chip being cancelled/drilled. Hope this helps...

Regards,
Thomas (R-7788)