In today’s world, poker chips have a great deal of value. Many casinos and poker rooms will pay out in chips even if a player does not have any money on them. This is because the chips can be cashed in for real money at a later time.
Additionally, poker chips can be sold on the secondary market, or even used as currency in certain online poker rooms. As a result, it is important to know what kind of value your chips have.
Standard poker chips come in denominations of 50 cents, $1, $5, $10, and $25. Values of individual chips can vary greatly depending on their condition and how many are available.
For example, 50-cent chips are generally worth less than $0.50 each on the open market, while $1 chips are worth more than twice that amount.
