Casino silver strikes

[creshka46]

I have a bunch of these I got in a lot. I put them in the auctions section a while back but no one was interested. Does anyone know much about them? Specifically, does anyone know if they're worth a premium to certain buyers, or are they just worth melt?

[Copper Catcher]

Most are worth just melt....

You can read all about them at: http://silverstrikers.com/

Also note some are also turning up on eBay are fake and the ones they produce now have no silver in them at all....

Strike Composition
$2 and $3 strikes are made of Brass.
$7 strikes are .999 Silver with approximate weight of 0.65 troy ounces.
$10 strikes have a .999 Silver center insert (additional center info here), outer ring is Brass (additional rim info here), approximate Silver weight is 0.60 troy ounces of Silver. Sometime in 2005, a new thinner center insert strikes with less silver (~ 0.50) appeared. In 2009 CLAD (no .999) $10 strikes appeared, even some red capsules. However, the red capsules should return to .999 silver.
$20 strikes have a .999 Silver outer ring with some 24kt Heavy Electroplating (HE) and a Bronze 24kt Heavy Gold Electroplate (HGE) on the center insert, approximate Silver weight is 0.75 troy ounces of Silver.
$28 strikes are .999 Silver with 24kt Gold Plating (GP), approximate Silver weight is 0.65 troy ounces.
$40 strikes are .999 Silver with 24K Heavy Electroplate (HE), approximate Silver weight is 1.54 troy ounces for the large size $40 strikes and 1.26 troy ounces for the small size $40 strikes.
$200 strikes are 1 troy Pound (12 ounces) of Silver and may have some 24kt Heavy Electroplating or for the newer RWM mint strikes may have colorization.
$300 strikes are 1 troy Pound (12 ounces) of Silver and may have some 24kt Heavy Electroplating.  Beginning 2011 the new $300's were changed to a 6 troy ounces center with a gold plated copper ring.

[creshka46]

Thanks for the info. Most of these have dates prior to 2005. I just weighed them all and confirmed that 27 are .6 toz and 3 are .5 toz.

[Oakair]

The variability in weight throws ppl off...

I would relist them now that you weighed the inserts...might get better results

[creshka46]

I did just that. I'm listing them: 17.7 toz for $520 shipped. That's a little under spot.

[Heartkill]

Somewhat on topic, but I have an interesting story to share about these.

My wife and I were in Vegas back in 2008 when the Palms had two of the Silver Strike 25c slot machines. We'd put a $20 in for 80 credits and were getting around 2 or 3 'silver strike' $10 tokens before the credits ran out. Apparently there was a big collector's event the same weekend we were there and a guy walked up and informed us that by trading in 20 of the $10 tokens, you would receive a limited edition $200 face value token that was 1 troy lb. of .999 silver. We still have it, and it's interesting to see how the value has risen over the years. Wish we would have gotten more. I saved a few of the the silver tokens that had Playboy logo's on them.

I'm sure the "Silver Strike" slot machines are long gone, or like someone mentioned the strike tokens are no longer silver. I recall a few of the tokens back in '08 featuring Palms restaurants were clad. Those were the ones we turned in for the one pounder. I'll take some pics when I get home tonight.