I just received that $500 Sands fantasy chip in the mail. I didn't have it in my possession when I made the opening post.

It is a very well-made chip. The Nevada-Nevada clay part is fine, looks original, but no issue there. The inlay is perfectly in place and recessed like in a normal Borland chip.

I applied a fine knife blade to the edge of the Sands inlay and a regular Borland commemorative chip inlay:
¶ The regular Borland inlay had a thin paper inlay firmly affixed/glued to the inlay recession hole. Over that was a round transparent plastic which had a cross hatching/linen finish on the surface similar to the entire chip face.
¶ The Sands chip had just a one piece inlay that had a slick (no cross hatching/linen finish) surface, and a gummed surface on the reverse side that rather easily can be pried off and stuck back onto the recessed circle part.

Robert