There is still a chance to own one (or more) of these "hotly" disputed items:

Is it (as I previously described) a "choken", a "...a clay chip with a metallic ring around the outside".

Or is it, as Jim Follis described, "these are not clay chips with a metal ring around them, they are very collectible as a failed slot machine token replacement effort by CHIPCO International.

These tokens were offered by CHIPCO, under their "Pro-Tech II" product line and where offered as a direct replacement of heavy, all-metal slot machine tokens. The Pro-Tech II tokens are made from a single, machined (perhaps stamped) metal slug that is recessed on both sides for a heavy-duty, vinyl disk (insert) to be sonically welded in-place on both sides of the slug.

Looking at this scan (from Bob) you can see several weld spots (half-moon shapes) under the "R" and "S" of "Paradise", as well as to the left of the letter "P". There is also another, very pronounced one, above the "CA" of "Casino" at the top of the token.

But what is new to me, in a world of $1 and a few $5 Pro-Tech II slot machine tokens, this is a fairlly hi-denomination token!"

(Before you decide who has the correct opinion, please understand that Jim knows 1000+ times more about chips/tokens/"chokens" than I do.)

However, why don't you decide?

One is $8 shipped in the U.S. -or- two (2) $12 shipped! I have over 10 available. Please link a message to this post and I will email you.