Need advice selling Silver Strikes

I need advice on the best way to sell (9) silver strikes which I won from 4 Queens recently. To win the (9) silver strikes it took about $100 in total. The silver strikes do not have ".999 pure silver" markings so it must be clad. The way I see it holding onto these silver strikes which are not .999 pure silver is losing money due to inflation eroding its value. Would I get more trying to sell it on eBay or should I just take it to 4 Queens cashier the next time I go there and redeeming it for $90? Does anyone have suggestions how I might go about selling it? And is it commonplace to get about one silver strike for every $10 played in the machine?

I sold my pure silver strikes on Ebay a few years ago when silver got up to $30/oz. And that's what I got for them - the bullion value.

If your strikes are new then you probably cant expect much of a premium beyond the casino value...especially if they are not pure silver..and then you have to give a cut to Ebay. Even old strikes from gone casinos don't go for very much. You can browse Ebay to see what other people are getting . Its not much.

In short - I'd cash'em in at the casino.

You are doing better than average if you are winning one for every $10 you play through the machine. The clad strikes don't fetch much on eBay. I would either cash them in at the casino, or try to win 21 more and trade 30 of them for a $300 strike.

Been going to Las Vegas for many-many years and the Silver Strikes seemed to always get me start playing until I could win one. I have a total of over 85 and most 90% are all .999. I played the one up at Wynn's and won a $40 Dollar one larger than the others. They were fun to collect but when they started producing the newer ones (cheaper) the fun was taken away. Have a friend tried on Ebay and he really had little luck in even getting face value out of them.

where do you redeem them, at the cashier?

Collecting silver strikes used to be fun and could frequently be profitable. Silver strike slot machines used to be in many/most casinos. Now the number of casinos that still have them is small. IGT used to own all of the silver strike slot machines. IGT would install the machines at the casinos and split the profits with the casinos. IGT also functioned as an intermediary with the companies that minted the strikes. IGT decided they wanted to get out of the silver strike business. At that point in time, if a casino wanted to continue to offer silver strike slots in their casino, they had to buy the machines from IGT...the figure I heard from a casino executive was $13,000/machine. The casinos that continued to offer silver strike slots became solely responsible for dealing with the mints. It was then that silver strike machines disappeared from most casinos. It was also when the already scarce $20, $28 and $40 strike machines disappeared. It wasn't too long before clad center strikes became the norm, with red cap strikes (strikes in red tinted AirTite holders) being the only strikes with solid silver centers. Prior to all of the changes, you could trade 20 $10 strikes for 1 $200 silver strike (at the casinos that offered them) that contained 1 Troy pound (12 ounces) of pure silver. As I understand things now, the casinos that have the higher value strikes will trade 1 $300 strike - which these days means a large token containing half a Troy pound of pure silver - for 30 $10 strikes, even if they are clad. The newer, lighter weight $300 strikes usually have a collectible value of more than $300, but not much more, unless the number made was extremely small.

I would save at least one just for the heck of it. it is a nice piece of memorabilia. said the hoarder.

Yes the casino cashier cage will cash it in at face value, which is what I intend to do. On the other hand, if the silver strikes were .999 pure silver I would keep it.

I just cashed in 19 of them. $190. Not worth the hassle of trying to sell them otherwise.

cancer chic, what would you estimate was the amount that it took to earn 19 silver strikes, if you don't mind me asking?