"Both Nevada price guides omit this chip, so I am fairly certain that it is not from Vegas. Does somebody have the story about how these chips wound up in California and why the $1 chip was never used in Vegas? I heard it once, but don't quite remember the whole story"
I dont quite remember it but you are correct the $1's did not go to Vegas. And yes it was Stockton, CA.
On the strength of that I bought the $5 instead which was probably very fair at $48 for a nice one.