The legality of buying a used slot machine in the United States varies from state to state. Many online merchants only allow the sale of antique slot machines—actual coin-operated slot machine games that aren’t antiques are generally unavailable for purchase. This is intended to curtail the potential for unlicensed casinos from popping up in various towns across the country.

1. What Casinos Still Use Coins
2. What Are Casino Coins Worth
3. Old Casino Coins Value
4. Casino Coin Price
5. Coin In Coin Out Casinos

1. Yes, casinos in the same city sometimes allow players to use or turn in chips from other casinos, still the players should cash them in where the got them, it can save them the hassle of trying to.
2. Silver Strikes: When Slots Machines Spit Out Collectible Coins. But we’re not into redeeming, we’re into collecting, even when we’re still not entirely sure what we’re collecting. The Silver Strikers Club site provided us the invaluable information that our particular Silver Strike token was minted by the Sunshine Mint in Idaho.
3. United States - Are there still quarter slot machines at the large casinos? - I leave tomorrow for Las Vegas. I usually do lots of research before any trip but due to the holidays and lots of.
4. No coins at all. Only bills or the casino print out ticket if you win or cash out of a machine. You can cash your coins in for bills at the casino cashier located in the casino.

You put any denomination of bill in from $1-$100. When you are ready to move hit the cash out button and you will receive a TITO (ticket in and ticket out) which you can either put in another machine or cash it out on one of the many machines in the casino or take it to the cashier. Two or three Downtown casinos still have some coin machines. Mermaids and La Bayou are two you could check out. The Qi coins are used for both gambling and purchasing items. To the top-left of the room is a terminal that lists multiple statistics for the player. There are two forms of gambling available, slot machines and a variant of BlackJack, CalicoJack. There are two tables for CalicoJack, low stakes ( 100) to the left and high stakes ( 1,000).

This page takes a look at the various options available in various states.

Which States Make It Illegal to Own a Used Slot Machine?

The following states have made it illegal to own slot machines privately. This includes any kind of slot machine game, including antiques:

The best advice we can offer to residents of those states is to not buy or try to own a slot machine. Dealers in used and antique slot machines won’t even ship to people living in these states.

• Alabama
• New Mexico
• South Carolina
• Tennessee

Which States Allow You To Own Antique Machines?

The following states allow ownership of antique slot machines only. Their definitions of “antique” vary. In most of these states, a game that’s 25 years old or older is an antique, but some of these states have stricter or looser guidelines. We’ve included notes after the states which have a different rule than the 25 years standard:

• Colorado – Any machine before 1984
• D.C – Any machine before 1952
• Florida – Only requires 20 years+
• Georgia – Any machine before 1950
• Idaho – Any machine before 1950
• Illinois
• Iowa
• Kansas – Any machine before 1950
• Massachussets – Requires 30 years+
• Michigan
• Missouri – Requires 30 years+
• New Hampshire
• New Jersey – Any machine before 1941
• New York – Requires 30 years+
• North Carolina
• North Dakota
• Oklahoma
• Oregon
• Pennsylvania
• South Dakota
• Vermont – Any machine before 1954

Which States Don’t Have Any Restrictions?

The following states don’t have restrictions on the ownership of used slot machines:

Keep in mind that laws change all the time, so if you’re unsure about whether or not it’s legal to own a particular type of used or antique slot machine in your jurisdiction, get professional legal advice. We can’t be held responsible for out of date or inaccurate legal information—this site’s purpose is to provide information for educational and entertainment purposes, and it’s not intended to replace the advice of a legal professional.

• Alaska
• Arizona
• Arkansas
• Maine
• Minnesota
• Nevada
• Rhode Island
• Texas
• Utah

Buying a Used Slot Machine on eBay

What Casinos Still Use Coins

Most people buying something used check eBay first. You should be aware that their site has specific guidelines regarding the sale of slot machines. For example, coin-operated machines that aren’t antiques aren’t allowed to be sold there. They also don’t allow the sale of machines which can be converted to accept coins. Igt slots online usa free. Replicas that work are NOT considered antiques.

Slot machines that don’t accept currency and don’t pay out money are allowed to be sold on eBay.

Other Dealers

Antique slot machine dealers often have their own sites and even their own brick and mortar locations where you can do business. For the most part, they’ll follow similar to business practices as the eBay guidelines. In other words, if you live in a state where slot machine ownership is illegal, they probably won’t sell to you.

Prices for used slot machines vary widely based on condition and rarity. Slot Machines and Coin-Op Games: A Collector’s Guide to One-Armed Bandits and Amusement Machines was published in 1994, so much of the information contained within is out of date, but the information about condition and collecting in general is still useful. The book includes lots of photographs and information about other types of coin-operated games, too, including penny arcade games, pinballs, and other novelty games.

Classified Ads

One option for aspiring used slot machine collectors and buyers is to advertise in the classifieds section of the local newspaper. Posting a “want-to-buy” ad might result in finding private owners who are willing to sell used or antique slot machine games for considerably less than a professional dealer would. Don’t bother trying to use the free ads on Craigslist for this purpose though—they have a strict policy related to gambling items, and they don’t allow ads for the purpose of buying, selling, or trading slot machines of any kind.

How Much Does a Used Slot Machine Cost?

What Are Casino Coins Worth

We’ve seen some antique slot machines for sale for as little as a $500, but most of them are at least $1000, and the really rare, high-quality slots sell for $3000 or more. Shipping costs are also expensive because of the size and weight of the machines. You can expect to pay at least $250 to ship any reasonable sized slot machine game.

In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, color or shape. 'Tokens' are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.^{[citation needed]}

A key point of difference between a token coin and a legal tender coin is that the latter is issued by a governmental authority and is freely exchangeable for goods. However, a token coin typically has a much more limited use and is often issued by a private company, group, association or individual. In the case of 'currency tokens' issued by a company but also recognized by the state there is a convergence between tokens and currency.^{[citation needed]}

Currency tokens[edit]

Currency tokens issued by a company sometimes ceased to be merely 'trade' tokens when they were sanctioned by a local government authority: perhaps due to a severe shortage of money or the government's inability to issue its own coinage. In effect, the organization behind the tokens became the regional bank.

A classic example of this is the Strachan and Co trade tokens of East Griqualand in South Africa, which were used as currency by the indigenous people in the region from 1874. Their initial success resulted from the scarcity of small change in that remote region at that time.

Similarly, in times of high inflation, tokens have sometimes taken on a currency role. Examples of this are Italian and Israeli telephone tokens, which were always good for the same service (i.e. one phone call) even as prices increased. New York City Subway tokens were also sometimes accepted in trade, or even in parking meters, since they had a set value.

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Trade tokens or barter tokens[edit]

Coin-like objects from the Roman Empire called spintriae have been interpreted as an early form of token. Their functions are not documented, but they appear to have been brothel tokens or possibly gaming tokens.^[1]

Medieval English monasteries issued tokens to pay for services from outsiders. These tokens circulated in nearby villages, where they were called 'Abbot's money'. Also, counters called jetons were used as small change without official blessing.^[2]

From the 17th to the early 19th century in the British Isles and North America, tokens were commonly issued by merchants in times of acute shortage of coins of the state. These tokens were in effect a pledge redeemable in goods, but not necessarily for currency. These tokens never received official sanction from government but were accepted and circulated quite widely.

In England, the production of copper farthings was permitted by royal licence in the first few decades of the 17th century, but production ceased during the English Civil War and a great shortage of small change resulted. This shortage was felt more keenly because of the rapid growth of trade in the towns and cities, and this in turn prompted both local authorities and merchants to issue tokens.

These tokens were most commonly made of copper or brass, but pewter, lead and occasionally leather tokens are also found. Most were not given a specific denomination and were intended to substitute for farthings, but there are also a large number of halfpenny and sometimes penny tokens. Halfpenny and penny tokens usually, but not always, bear the denomination on their face.

Most such tokens show the issuer's full name or initials. Where initials were shown, it was common practice to show three initials: the first names of husband and wife and their surname. Tokens would also normally indicate the merchant establishment, either by name or by picture. Most were round, but they are also found in square, heart or octagonal shapes.

Thousands of towns and merchants issued these tokens from 1648 until 1672, when official production of farthings resumed, and private production was suppressed.

There were again coin shortages in the late 18th century, when the British Royal Mint almost ceased production. Merchants once again produced tokens, but they were now machine made and typically larger than their 17th century predecessors, with values of a halfpenny or more. While many were used in trade, they were also produced for advertising and political purposes, and some series were produced for the primary purpose of sale to collectors. These tokens are usually known as Conder tokens, after the writer of the first reference book on them.

These were issued by merchants in payment for goods with the agreement that they would be redeemed in goods to an equivalent value at the merchants' own outlets. The transaction is therefore one of barter, with the tokens playing a role of convenience, allowing the seller to receive his goods at a rate and time convenient to himself, and the merchant to tie the holder of the token coin to his shop. Trade tokens often gradually changed into barter tokens, as evidenced by the continued circulation of former trade tokens when the need for their use had passed.

In the United States of America Hard times tokens issued from 1832 to 1844 and Civil War tokens issued in the 1860s made up for shortages of official money.^[3]

Because of weight, the U.S. Treasury Department does not ship coins to the Armed Forces serving overseas, so Army and Air Force Exchange Service officials chose to make pogs in denominations of 5, 10, and 25 cents. The pogs are about 38 mm (1.5816' to be exact) in diameter, and feature various military-themed graphics.

The collecting of trade tokens is part of the field of exonumia, and includes other types of tokens, including transit tokens, encased cents, and many others. In a narrow sense, trade tokens are 'good for' tokens, issued by merchants. Generally, they have a merchant's name or initials, sometimes a town and state, and a value legend (such as 'good for 5¢' or other denomination) somewhere on the token. Merchants that issued tokens included general stores, grocers, department stores, dairies, meat markets, drug stores, saloons, bars, taverns, barbers, coal mines, lumber mills and many other businesses. The era of 1870 through 1920 marked the highest use of 'trade tokens' in the United States, spurred by the proliferation of small stores in rural areas. There were thousands of small general and merchandise stores all over the United States, and many of them used trade tokens to promote trade and extend credit to customers. Aluminum tokens almost always date after 1890, when low-cost production began.

Slot machine tokens[edit]

Metal token coins are used in lieu of cash in some coin-operated arcade games and casinoslot machines.

Money is exchanged for the token coins or chips in a casino at the casino cage, at the gaming tables, or at a slot machine and at a cashier station for slot token coins. The tokens are interchangeable with money at the casino. They generally have no value outside of the casino.

After the increase in the value of silver stopped the circulation of silver coins around 1964, casinos rushed to find a substitute, as most slot machines at that time used that particular coin. The Nevada State Gaming Control Board consulted with the U.S. Treasury, and casinos were soon allowed to start using their own tokens to operate their slot machines. The Franklin Mint was the main minter of casino tokens at that time.

In 1971, many casinos adopted the Eisenhower Dollar for use in machines and on tables. When the dollar was replaced with the Susan B. Anthony dollar in 1979, most casinos reinstituted tokens, fearing confusion with quarters and not wishing to extensively retool their slot machines. Those casinos which still use tokens in slot machines still use Eisenhower-sized ones.

In many jurisdictions, casinos are not permitted to use currency in slot machines, necessitating tokens for smaller denominations.

Tokens are being phased out by many casinos in favor of coinless machines which accept banknotes and print receipts for payout. (These receipts - often nicknamed 'TITOs' for Ticket-in, ticket-out, can also be inserted into the machines.) In video arcades, they are also being phased out in favor of magnetic cards, which can also count how many tickets one has, allowing arcades to also do away with paper tickets.

Staff tokens[edit]

Staff tokens were issued to staff of businesses in lieu of coins. In the 19th century the argument supporting payment to staff was the shortage of coin in circulation, but in reality employees were forced to spend their wages in the company's stores at highly inflated prices—resulting in an effective dramatic lowering of their actual salary and disposable income.^{[citation needed]}

Other uses[edit]

Old Casino Coins Value

Railways and public transport agencies used fare tokens for years, to sell rides in advance at a discount, or to allow patrons to use turnstiles geared only to take tokens (as opposed to coins, currency, or fare cards).

• Car washes – Though their use has decreased in favor of coins and credit cards.
• Public telephone booths in countries with unstable currency were usually configured to accept tokens sold by the telephone company for variable prices. This system was in effect in Brazil until 1997 when magnetic cards were introduced. The practice was also recently discontinued in Israel, leading to a trend of wearing the devalued tokens as necklaces.
• Fast foodrestaurants – Often given to children to collect and redeem for prizes.
• Commemorative coins have been produced with no monetary value to distribute by a company, country or organization.

In North America tokens were originally issued by merchants from the 18th century in regions where national or local colonial governments did not issue enough small denomination coins for circulation. They were later used to create a monopoly; to pay labor; for discounts (pay in advance, get something free or discounted); or for a multitude of other reasons. In the United States, a well-known type is the wooden nickel, a five-cent piece distributed by cities to raise money for their anniversaries in the 1940s to 1960s.

Local stores, saloons and mercantiles would issue their own tokens as well, usable only in their own shops. Railways and public transport agencies have used fare tokens for years to sell rides in advance at a discount. Many transport organizations still offer their own tokens for bus and subway services, toll bridges, tunnels, and highways, although the use of computer-readable tickets has replaced these in most areas.

Churches used to give tokens to members passing a religious test prior to the day of communion, then required the token for entry. While mostly Scottish Protestant, some U.S. churches used communion tokens. Generally, these were pewter, often cast by the minister in church-owned molds. Replicas of these tokens have been made available for sale at some churches recently.^[when?]

See also[edit]

Casino Coin Price

References and sources[edit]

Coin In Coin Out Casinos

References

1. ^Thomas A. McGinn, The Economy of Prostitution in the Roman World (University of Michigan Press, 2004), p. 86.
2. ^British Tokens And Their Values, Peter Seaby et al, page 7 of the second edition.
3. ^A Guide Book of United States Coins, R. S. Yeoman and Kenneth Bresset, pages 372 and 376 of the 61st edition

Sources

• 'Church Tokens', New York Times, 11 April 1993

Further reading[edit]

• Angus, Ian. Coins & Money Tokens. London: Ward Lock, 1973. ISBN0-7063-1811-0

External links[edit]

• The Conder Tokens Enthusiast - resources regarding 18th Century English Provincial token coinage
• National Museum of Australia 1865 Australian cuprous halfpenny trading token.