Yes Tom, it does all those negative things and more.

Personally I'm not going to get all bent out of shape over someone who wishes to collect anything, slabbed or not. Heck, people think I'm strange for collecting casino chips!

If I had to give my personal objection, it's not slabbing that is a problem, but the extended grading system which some would like to apply to casino chips. As for Strikes (the real topic of this BB) I don't know how they are graded? 1) Looks like new 2) Looks like it has some flaws 3) Looks like crap. and I noticed how some people mention cases in their auction, but those can be replaced, so it's not important.

So now you get my view. I'm against the extended grading system. Chips are basically, new, like new, slightly used, used, worn or "dog meat. What's to understand? Do we need 15 "Mint States" of grading to describe a casino chip that is new or like new?

How about Strikes? If it's not like new as it came out of the machine, it's something else. And if it has any flaws or dammage, it's one step worse than something else. Simple enough, and everyone is happy.

Grading is for dealers who want to charge extra for a more perfect example of something that is commonly in pretty nice condition to start with.

So slabbing for a piece of molded plastic, starts to look a bit silly. And grading for Silver STrikes would only apply to those strikes which are less than the usual Mint State, as 98% which come out of the machine in wonderful condition.