Oh, thanks for your interest. They have nothing to do with chips.
¶ they are called Put and Takes. Very popular in the 1920's and 30's. Made of brass usually, usually 6 or 8-sided. Based on tetotums and dreidels.

¶ the one pictured has Arabic writing, something I never saw before. I am trying to get the sides translated.

¶ I have web pages about Put and Takes here:
http://www.antiquegamblingchips.com/putandtake.htm
http://www.antiquegamblingchips.com/PutAndTakes_EnglishLang.htm
http://www.antiquegamblingchips.com/PutAndTakes_NonEnglishLang.htm

¶ I sell them here:
http://www.antiquegamblingchips.com/PutNTakesForSale.htm
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Robert