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Big Bonanza $5 (closed auction- eBay )

Just curious about the Big Bonanza $5 chip seen in this closed auction on eBay .

https://www.ebay.com/itm/LOT-OF-4-DON-FRENCH-039-S-BONANZA-EL-RANCHO-VEGAS-CASINO-CHPS-RARE-C103-/124368759707

Do you think the appearance is due to removing glue, or removing from a bezel (or both)? Something else?

Only the one side shown, the other side may provide more clues.

Just curious. It's a nice group of chips (not mine; not involved in the bidding).

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Big Bonanza $5 (closed auction- eBay )
Re: Big Bonanza $5 (closed auction- eBay )

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