How Much Is a Casino Coin Worth?

A casino coin is worth whatever the casino says it is worth. This is because casino coins are not legal tender, and are not backed by any government. They are essentially play money, and can only be used at the casino where they are issued. The value of a casino coin is based on its weight and purity of the metal it is made from. A typical casino coin weighs about 5 grams and is made from a copper-nickel alloy. The value of the coin depends on the going rate for the metal it is made from.

PRO TIP:Casino coins can vary in value depending on the casino. Generally, coins are bought and sold at face value. However, some casinos may have coins that are worth more than face value due to their rarity or condition. It is important to research the particular casino coin you are interested in buying to ensure you are getting a fair price.

For example, a 5 gram copper-nickel coin would be worth about 5 cents US if copper was trading at $2 US per pound, and nickel was trading at $5 US per pound. The same coin would be worth more if the metals prices went up, and worth less if the prices went down. Casino coins can also be made from other metals such as silver or gold, but these are less common. The value of a silver or gold casino coin depends on the going rate for the metal it is made from. For example, a 5 gram gold coin would be worth about $5 US if gold was trading at $1000 US per ounce. Casino coins have no cash value outside of the casino they are issued in.