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Casino tokens are small colored metal or plastic discs used in gambling establishments, casino grand miss tunica There are two main types of tokens used in casinos: multicolor tokens of various denominations called chips, used primarily in table games; and metal token coins, used primarily in slot machines, casino grand miss tunica Some casinos also use gaming plaques for high stakes table games ($25,000 and above), casino grand miss tunica Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers, casino grand miss tunica Money is exchanged for the token coins or chips in a casino at a cashier station (the cage), at the gaming tables, or at a slot machine, casino grand miss tunica The tokens are interchangeable with money at the casino, but have no value outside of the establishment, casino grand miss tunica Tokens are employed for several reasons, casino grand miss tunica They are more convenient to use than currency, and also make theft and counterfeiting more difficult, casino grand miss tunica Because of the uniform size and regularity of stacks of chips, they are easier to count compared to paper currency when used on a table, casino grand miss tunica This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might be overpaying a customer, casino grand miss tunica Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash, casino grand miss tunica Finally, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular, casino grand miss tunica However, many casinos are moving to paper receipts, casino grand miss tunica Casino tokens are collected as a part of numismatics, more specifically as specialized exonumia collecting

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