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() there was a 2016 $1 Palms chip released, but it looks nothing like the one that is shown on your picture. The one in your picture has a dark/black inlay where the one that was released in 2016 has the blue inlay. Looks like the other denomination of chips in that 2016 release matched your picture -- just not that $1 chip.
Good luck on your quest to find both the answer and the chip!! 
Steve Bedo
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