eBay launched the biggest legitimate opening bid in the history of the site last week when The Platinum Collection went up for sale for $1 million.
The anthology contains more than 6,800 casino chips and tokens dating back to as early as the 1940s. Amassed over the last number of years by a Denver businessman, the collection is believed to be worth between $2 and $3 million. It includes original pieces from Old West casinos in Reno, Lake Tahoe, and Virginia City, along with the last known existing casino chips from the Rat Pack-Bugsy Siegel era of Las Vegas. Much of the memorabilia was salvaged from demolished or burnt down casinos.
The Platinum Collection was named for the first ever gambling token forged in Nevada by the Franklin Mint for Harrah's founder William Harrah in 1965. At the time, the price of silver in the U.S. had skyrocketed causing the U.S. Treasury to permit gambling establishments to make their own tokens. The most precious of these can be found in The Platinum Collection.
The auction has been running since October 11 and is scheduled to close this Friday, October 21 at 3 p.m. (PST).
Please see www.chipsandtokens.com for further details.