About Those Silver Strike Coins!

About how much are they worth now? What is their silver content? I have 11 of them from the old Boomtown Hotel.
Typical $10 Silver Strikes usually contain .60 oz. of .999 silver in the middle surrounded by a brass ring.
The "value" of such tokens is pretty much the value of the silver. On Friday silver was priced at $35.41-per-ounce.

$35.41 X 0.60 = $21.25. If DonDiego held any he'd not sell them for less.

DonDiego suspects BAGIANT can find his Boomtown Strikes listed at the Silver Strikers Club website. DonDiego has personally been in Boomtown Casinos on the Mississippi Coast and in Las Vegas, Reno, and Verdi Nevada.

There are collectors and sometimes there is a collectors' premium attached to specific strikes. But not very often. BAGIANT can check websites like e-Bay to see what they're selling for.


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There's some for sale on e-Bay for $19.99.
Thanks DD. It's funny, I checked eBay and one place said they were 3.8 oz and another said 4.8 oz. They were asking $20-$25 for each one. Anyone want to make me an offer for 10 of them?
I've got 3 I think they're cool.

I'm guessing back in 2012 silver strikes were .999 fine silver. At 4 Queens last year (2015) I won nine silver strikes, all clad silver worth $10 each when exchanging them at the casino cage. IMHO it's no longer worth playing those silver strikes machines.
They were always worth $10 if exchanged. The amount of silver was reduced in recent years, but they still contained more than $10 worth of silver. Silver is pretty depressed now, so it might be better to exchange them.
Quote

Originally posted by: billryan
They were always worth $10 if exchanged. The amount of silver was reduced in recent years, but they still contained more than $10 worth of silver. Silver is pretty depressed now, so it might be better to exchange them.


The clad strikes don't have anywhere close to $10 worth of silver in them. The centers are clad, not solid silver...but, there are some strikes that come from the machines in red airtite holders (known as red caps) that do still have the solid silver centers.

Some of the few casinos that still have silver strike machines also have $200 silver strikes that you can obtain by exchanging 20 $10 strikes. The $200 strikes are 1 troy pound of .999 silver, many with 24 carat gold plated highlights. Those are worth some pretty good money these days.

In years past, many casinos had silver strike machines. They didn't own them. IGT did. IGT would provide the machines to the casinos and was also involved in ordering tokens from the mints that produce them. IGT would split profits from the machines with the casinos. IGT decided they wanted to get out of the silver strike business. Casinos had/have to buy the machines ($13,000 each last quote I heard), and the casinos now deal directly with the mints for the tokens. The centers remained solid silver until the price of silver went way up. That's when the clad center strikes replaced the solid silver center strikes.
I know the clad ones don't contain much, if any silver, but didn't they reduce the content of the real ones from .60 to a half ounce in the early 2000s?
I have about a dozen. Mostly personalities, Benny Binion, Jackie Gauhan, Don Laughlin, but some just closed casinos.
As far as I know, the solid silver centers are the same weight as they've always been. They'd be noticeably smaller if they weren't.
There's a Gambling Supplies shop on Main Street (just south of The Plaza) that sells some of the older, more collectible strikes. If you are a hobbiest or general Vegas enthusiast its a good place to see a nice display. I sold all mine a few years back.
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