update on silver strikes?

the casinos would love for you to cash in the "strikes" whether silver or clad because of the cost of minting them, packaging them, etc.

I knew the guys who used to own Continental Coin in Los Angeles who minted Strikes for various casinos as well as high value coins for certain slot machines. markup and production costs were high. in fact, this is why many casinos have eliminated $1 coins and now use $1 chips.

Just as an aside: when Continental filed for bankruptcy about ten years ago, some of us got to go "in the back" where they had tokens made for casinos. I dont know how this happened, but in the bankruptcy sale, a coin collector I know bought some of these $100 and $500 tokens minted for a certain Vegas casino... he paid literally pennies on the dollar for them... brought them to Vegas and cashed them at the casino cages for full face value.

i have a dozen and got them all in 2001

I have 3 of them from three different casinos. Got them a few years ago when Silver was $10/oz. They say .999 Fine Silver on them. Does that mean they are real silver? How do you tell the difference besides the packaging they are in?

if it says .999 fine they are real silver. I never heard of counterfeit strikes.

$10 strikes have 0.6 ounce of silver. Silver today (Saturday) has a price of $35.67 meaning a $10 strike has $21.40 worth of silver in it. Your market price of the strike will vary as some will pay a premium for it, while others will pay less because their intention is to scrap and melt it. The "buy price" could vary by 10-20% up or down.

i was checking mine out on ebay to see what they are going for and i have one that i could not find. it is from the flamingo and all of the ones on ebay said flamingo hilton on the bottom of the coin and the one that i have just says flamingo with no hilton after it and there were lots of flamingo ones on there.