No, it is just a flat inlaid chip. It is like the crest and seal chips in that there is no embossed rim mold. But it is not a crest and seal chip because there is no litho inlay (that is, no printed design on the inlay). On this web page of mine, you see the definition of "crest and seal" and pictures of crest and seal chips:
http://www.antiquegamblingchips.com/uspc.htm

Robert