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One of the most important factors which determine the value of the chips is the design itself. Chips are available in plenty of different designs from the plain colored chips which are usually seen in home poker chips set to the intricately designs which are usually seen in casinos.
The more intricate the design of the chips is, the more costly it will be. Also, several manufacturers often introduce limited edition poker chips for collectors.
These chips will be very expensive and also worth their cost since they would be made from the best material with aesthetically pleasing design.
The value of the chips is usually based on:. While the standard mass produced chips are perfectly fine for home play, collectors prefer the rare and valuable chips with intricate designs.
The cost of the chips will also depend on the manufacturer producing them. There are several manufacturers who are known as the pioneers in the business and produce classic chips for casinos as well as home play.
Generally the chips sold by them would be quite expensive but they are equally valuable since they are known for their superior quality.
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Several casinos sell custom-made sets of chips and one or two decks of cards stamped with the name of the casino on them. Each set is contained in a small briefcase or box.
The ancestors of the modern casino token were the counters used to keep score in the card games Ombre and Quadrille.
In , French Quadrille sets contained a number of different counters, known as jetons , fiches and mils. Unlike modern poker chips, they were colored differently only to determine player ownership for purposes of settling payments at the end of the game, with different denominations differentiated by different shapes that each counter type had.
In the early history of Poker during the 19th century, players seemed to use any small valuable object imaginable.
Early poker players sometimes used jagged gold pieces, gold nuggets, gold dust, or coins as well as "chips" primarily made of ivory, bone, wood, paper, and a composition made from clay and shellac.
Several companies between the s and the late s made clay composition poker chips. There were over designs from which to choose. Most chips were white, red, blue, and yellow, but they could be made in almost any color desired.
The vast majority of authentic casino chips are "clay" chips but can be more accurately described as compression molded chips.
Modern clay chips are a composition of materials more durable than clay alone. At least some percentage of the chips is of an earthen material such as sand, chalk, and clay similar to that found in cat litter.
The process used to make these chips is a trade secret , and varies slightly by manufacturer, most being relatively expensive and time-consuming per chip.
The edge spots, or inserts, are not painted on; to achieve this effect, this area of the clay is removed and then replaced with clay of a different color; this can be done to each chip individually or a strip can be taken out of a cylindrical block of material and replaced with the alternate color before the block is cut into chips.
The printed graphics on clay chips is called an inlay. Inlays are typically made of paper and are then clad with a plastic film applied to the chip prior to the compression molding process.
During the molding process the inlay becomes permanently fastened to the chip and can not be removed from the chip without destroying the inlay.
Ceramic chips were introduced in the mid s as alternative to clay chips, and are also used in casinos, as well as being readily available to the home market.
The ability to print lettering and graphics on the entire surface of the chip, instead of just the inlay, made them popular. Ceramic chips are sometimes also referred to as clay or clay composite, but they are in fact an injection-molded chip made with a special plastic or resin formula that approximates the feel and sound of ceramic or porcelain.
There are less expensive chips for the home market, made from various forms of plastic and plastic covered metal slugs as well.
There is no universally standardized color scheme for poker chip values, and schemes not only vary nationally and regionally, but even from venue to venue, or by event type within a single venue.
Chip colors found in home sets typically include red, white, blue, and sometimes green and black; however, more recently a wide assortment of colors have become readily available, particularly in lower-cost ABS plastic chips.
Common additional colors are pink, purple, yellow, orange, and grey. Newer designs in home chips include three-color designs where a three-step molding process creates a chip with unique base, secondary, and detail colors.
In casinos, uniform chip colors and sizes are sometimes specified by the local gaming control board for consistency.
For example, regulations in New Jersey  and Illinois  specify similar uniform colors. All US states where gambling is legal require that casino chips have a unique combination of edge spots for identification, the name and location of the casino and the chip's value, if any, impressed, printed, or molded onto the obverse and reverse of the token.
In 19th-century America, there was enough of a tradition of using blue chips for higher values that "blue chip" in noun and adjective senses signaling high-value chips and high-value property are attested since and , respectively.
Because eight is considered a lucky number in Chinese culture, chips denominated 8, 88, and e. They will sometimes contain an image of the animal associated with the year and are issued in a variety of colors.
Low-denomination yellow chips vary in value: