By Calling it absolete you IMPLY that it was once used in real play, If I were a beginner colector, I might think this is a heck of a deal for a 500.00 chip and being that i dont see too many 500.00 chips up close I might believe it to be real only to find I paid 10.00 (maybe more) for a chip worth 1.00 or less at Gambler Supply Store. So yes I feel the ad is deceiving by stating it as an obs.