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These chips were used from to Gaming tokens rather than legal tender were used in slot machines at Lake Tahoe casinos beginning in The reason was that the United States faced a coin shortage, Herz explained. Collectors recall that in one day in , more than 35, silver dollars disappeared from casinos. Rare casino chips to be auctioned News News. Jeff Munson. The anthology — including pieces that are the only known to have survived history — is called The Platinum Collection. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. Donate For tax deductible donations, click here. If you don't follow the rules , your comment may be deleted. Those pieces — including a vast assembly of casino chips — date back to when gangsters, starlets, and the Rat Pack ruled the tables and swing bands crammed the dance floors. Support Local Journalism Donate. Start a dialogue, stay on topic and be civil. Campiglia agrees. Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference. The gavel is slated to come down on the auction today at 3 p. Douglas A. The rarest of these tokens used in the s and s are included in The Platinum Collection. That singular token came into existence in Nevada casinos in when the price of silver shot sky high and folks hoarded silver dollars. Treasury granted gambling houses the right to strike their own tokens. Because of the association, Sinatra voluntarily surrendered his gaming license in with the Cal Neva. Provided to the Tahoe Daily Tribune. User Legend: Moderator Trusted User. Only one was made and it is in the collection for auction.

News News. Within the collection for auction are about 6, gaming chips and tokens.

Casino memorabilia expert Howard Herz, right, from Gardnerville, discusses historical Nevada casino chips with collector Steve Swanson at a recent pre-auction viewing at the Bellagio in Las Vegas.

Local author publishes underwater photography book of Lake Tahoe.

Many pieces were saved from casinos shuttered by fires or demolished to make way for the monolithic resorts in their place today. Man arrested Wednesday for brandishing gun at Lake Tahoe beach. The Cal Neva was later sold to Frank Sinatra and other partners. In the aftermath, the U. Covered in the gaming chip collection are significant pieces that came from North and South shore casinos. Collecting poker chips from early Las Vegas gambling halls, as well as short-lived casinos from the Old West including Lake Tahoe, Reno and Virginia City, has become one of the hottest collecting hobbies, according to experts. Added to the shortage was a rise in the price of silver to a point where silver dollars, which were used in the slot machines, become more valuable than their face value.