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The Chip Board Archive 01

My definition of OBSOLETE
In Response To: What is an obsolete chip?????? ()


Since there's no "official" list of collecting terms, Scott, you will only get opinions in response to your inquiry. As Humpty Dumpty said "I expect words to mean exactly what I want them to mean...". Here's my opinion.

When I see the term "Obsolete" applied to a chip, I interpret it to mean the issuing casino no longer uses it in play and won't sell it from the cage.

This means a chip that is obsolete today, could be 'live' tomorrow if the casino puts it back in play. So the definition I use is dynamic; it applies to the point in time it is used.

Use by another club doesn't mean it's not obsolete with regard to the issuing club; it just means somebody else has assigned value to it (just like a chip dealer does!) <g>

Note that there are some places like Caesars that seem to redeem any of their chips, no matter how old. I don't think this makes them live chips; they're still obsolete, but Caesars and a few others just take the longer view and honor their obligations where others won't.

I know there are other terms that try to work around some of the dynamics of the situation, like "retired" when it's off the tables but still in the vault. I appreciate the attempt at more precision, but think the one term is sufficient; it just needs to be applied to a point in time.

DonL

Messages In This Thread

What is an obsolete chip??????
Re: What is an obsolete chip??????
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Re: What is an obsolete chip??????-ebay
Re: What is an obsolete chip??????-ebay
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My definition of OBSOLETE
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Re: Club definition of OBSOLETE
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Casinos that Reorder LE's
Re: Casinos that Reorder LE's
Re: Casinos that Reorder LE's-I FORGOT
Re: Casinos that Reorder LE's-I FORGOT
Re: Casinos that Reorder LE's-I FORGOT
Re: What is an obsolete chip??????

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