... and not ivory, either.

It has been called to my attention that these are being passed as New Orleans, and that the die-cut metal inlay on the obverse is an "O"

The inlay represents the letter "C" which is interlaced in a back-to-back configuration, and the composition of the core is something of a Celluloid-type plastic and NOT ivory.

Unlike most die-cut metal inlays (not filigreed metal overlays) seen on clay composition chips, these inlays are stamped-engraved; having a resemblance of engraved/carved graphics seen on ivory/pearl chips... and they're the same texture on both sides. The numeral 5 is surrounded by a twisting swirl of leaves and two blooms, and the incused rings were pigmented, and each piece was serialized.

JB