PALMS Casino Silver Strike 2005 Red Cap Preserving Gaming History Ltd 800

Description

Palms Casino Silver Strike Gaming Token
Preserving Gaming History, August 3rd-6th 2005
Since 1988
Limited Edition Red Cap
800 minted
Released in 2005
S Mint Mark = Sunshine Mint
Approximate Silver weight - .5466 (according to William Cohenour's Comprehensive Nevada Silver Strike Reference Catalog)
Capsule measures approximately 2 ¼ inches in diameter
SSC#: PMlvnv-055 - Red Cap
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Special Note: It was announced that the Palms Casino Resort is in the process of being sold to the San Manuel tribe of California. The Palms has been closed since March 2020.  All casino chips and tokens have been discontinued, redemptions can be made at any Station Casino in Las Vegas.
Logo/Face:
Center: Palms Logo, A Maloof Casino Resort, S mint mark, . 999 Fine Silver
Rim:  Limited Edition Ten Dollar Gaming Token, Las Vegas, Nevada
Reverse:
Center: Preserving Gaming History, August 3rd - 6th, 2005, Since 1988
Rim: Limited Edition Ten Dollar Gaming Token, Palms Casino
Please look closely at the photos as they are part of the description.  There are photos with the case on and with the case off to show the true beauty, designs and condition of the token.
The case may have some scratches typical of running through a silver strike machine.  Due to age, there may be some toning.
"Red Caps" are considered "chaser strikes" and often times a limited edition.  The casino would put only a few of these colored capsuled Silver Strikes in the machine at one time and a person would have to play and play it until this limited edition "Red Cap" token could be won.
The Palms released and 0 Silver Strikes from 2002 - 2009.  Did you know that the Palms hosted a Silver Strikers Tournament in June 2009?
CC>CC:
Casino Chips & Gaming Tokens Collectors Club is an educational organization with the mission of preserving gaming history.  Every year there is a convention in fabulous Las Vegas where collectors, dealers and people who just admire gaming memorabilia come together to share information and add a few pieces to their collection. The group started organizing in 1988. The Silver Strikers Chapter joined the group in 1999. The name of the group has recently changed to CCA or Casino Collectibles Association.
What is a Silver Strike?
A Silver Strike is a Limited Edition Gaming Token which is won from a special slot machine in a protective plastic holder.  People from all over the world collect these unique gaming tokens.  There is also an official club where people buy, sell and trade Silver Strikes.  The first Silver Strikes were won from special slot machines in the Reno/Tahoe area of Nevada in 1992.  The tokens have been issued with redeemable values of , , , , , , , 0 and 0.  The most common denomination is .
About the Palms Casino:
The Palms Casino Resort is located at 4321 Flamingo Road, Las Vegas, Nevada which is near the famous Las Vegas Strip.  The Palms project was first developed by the Maloof family. (Owners of the
Houston Rockets, NBA from 1979-1982, S
cramento Kings, NBA - from 1998 to 2013, and currently a minority owner in the Vegas Golden Knights, NHL.)  The family previously owned the Fiesta Hotel and Casino in North Las Vegas - primarily a locals casino.  With their great success in the casino industry, they sold the Fiesta and created the Palms.
The Palms opened on November 15, 2001.  It was the on site location for MTV's "The Real World: Las Vegas" in 2002 and is a popular location for celebrities to visit.
The world famous Playboy Club was open from October 2006 to June 2012 on the 52nd floor of the Fantasy Tower at the Palms.  It was the first official Playboy Club in the United States since 1988.
In
May 2016, Station Casinos purchased the Palms and began a 0 million renovation. The Palms Casino Resort is the location of a variety of nightclubs, lounges and the Pearl Concert Theater.
Fun Fact:
The Real World Suite rents for ,000+ per night.
Fun Fact:
The Fantasy Tower has a
basketball themed suite that includes a basketball court, locker room, scoreboard, and multiscreen entertainment system.
Fun Fact:
Hugh Hefner celebrated his 85th birthday at the Playboy Club at the Palms in 2011.
Please feel free to ask any questions.
Thanks for looking.... Silver Strike Club Member #055