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Question on chips

Discussion in 'Misc. Vegas Chat' started by Oceans 11, Jul 16, 2015.

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  1. Oceans 11

    Oceans 11 Tourist

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    This may sound kinda stupid.

    My brother brought home 3 $500 chips from Caesars from our trip last Sept. Why he didn't cash these in before he left is beyond me. How long are these good for? Do they do a chip changeover to avoid counterfeits after a period of time?
     
  2. DaiLun

    DaiLun R.C., L.C., and A.A.N.G.

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    Periodically, casinos "expire" chips.

    They will post a notice at all cashier's cages identifying the chips that will be expired and the expiration date.

    Either your brother is rich enough not to need $1500 or they may be expired already.
     
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  3. zing

    zing Low-Roller

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    Smart move by your brother. Having that much in chips is a great excuse to go back to Vegas!

    They do expire once in a while, but I think it's pretty rare.

    Maybe he could call the casino and ask them if the chips are set to expire any time soon?
     
  4. sukiran

    sukiran Tourist

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    Might be careful about how you ask the casino. The chips belong to the casino, not the customer. 500 shouldn't be a problem at the cage, but larger (say 5K) ususally require verification that you've been playing at that level. Money-laundering is a concern.
     
  5. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    Lower than that, a (very ) hot girl in front of me in line at cosmo was cashing in 4 purples and some blacks
    the cage called the pit to verify they were hers
     
  6. merlin

    merlin VIP Whale

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    3 $500 from ceasars is no problem whatsoever, I wouldn't sit on them for 5 or 10 years though.
     
  7. Electroguy563

    Electroguy563 Over-Fried Gambler

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    Yeah, Caesars probably won't make a big deal out of it but smaller, low roller casinos like the Cal and others like it might.

    I'd go to the cage with just ONE purple chip and they'll call the pit to verify after asking me where I won the chip at. :rolleyes2:
     
    Going to Hawaii's 9th Island!!
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  8. Oceans 11

    Oceans 11 Tourist

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    Thanks all for the responses.

    I kinda figured that it wouldn't be much of an issue. He does Atlantis sometimes with his crew and they rate him in at The Cove, however. he has done chip take home stuff from there as well. (He has a short memory sometimes). But we were talking about the Bellagio heist and it was mentioned about them changing the chips because of the heist over to a new design and the RIFD tech stuff. How deep they go into the denominations, we wasn't sure about. So.....

    He got "sorta" concerned about it as I'm doing a trip in the next few weeks. Part of the trip was to cash them in if needed. Just a discussion if Caesars got robbed. I told him to watch Oceans 11, the latest version, where Elliot Gould is explaining The Bronze, Silver and Gold robberies of Vegas casinos. (Binion's, Flamingo...dam hippies,...Caesars.

    Anyway, it also came out a few moments ago that we may take the crew out the first of Oct and do NFL and sportsbook stuff, All is good.

    We shall see,,,,
     
  9. FullBoat

    FullBoat VIP Whale

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    Yeah, if you tried to cash something like that over at Fremont they'd verify it. At least they did when I tried to cash in about $900 one time. They called the pit, and doubled checked that someone colored up for that amount.

    But, I'd think most strip places would be fine with $500 chips. But, like sukiran said. 5k chips and up, he might have issues cashing them in after the fact.
     
  10. vegasvic

    vegasvic VIP Whale

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    I remember at Little Caesars (in a strip mall, where Paris is now), the cashier (they only had 1) would always call the pit when someone cashed in. Even if it was a few red chips. And the pit was only about 6 feet from the cashiers cage. I miss that place :)
     
  11. dutchvelvet

    dutchvelvet VIP Whale

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    That's probably due to hookers getting paid in chips. The Cage I think has some discretion. It's also kind of weird to have 4 purples, you'd expect it to be colored up fully.
     
  12. ngrund

    ngrund Low-Roller

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    with the Bellagio heist they did cancel those chips ($5k) and issue a new set, but they did issue press releases that if they could verify that you won the chips they would honor them, as stated by them with the $5k chips they were confident that the pit bosses would be able to recognize/confirm the player
     
  13. FullBoat

    FullBoat VIP Whale

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    Guess worse case, they could have told them when they were there, and look at the tapes.
     
  14. Terry Benedict

    Terry Benedict VIP Whale

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    How accurate is the "Bringing Down The House" story about the crew having strippers cash in/wash chips after the Tyson/Holyfield riot at MGM Grand?
     
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