Bob, I had a little contact with the Colorado Gaming Commission over the Central Palace. They told me the casino could do anything they wanted to with approved chips, even sell them over face. If the chip was not approved, it could only be sold in the gift shop. Again at any price. This came from the boss at the CGC.
That is the only contact I ever had with them. They made me change the color on a chip, so they would approve it.

Any chipper that pays this price or any price over face is doing a dis-service to the entire hobby.
I guess people will get tired of hearing me say this.

Come on Jim P. jump in. You can say it more forcefully than I can.