as received from the seller.

I agree it's not a $40 Silver Strike. Generic outer ring. NO GOLD PLATING on it as $40 Silver Strikes usually do.

My sister wrote to the seller and he replied...

This is a $40 token from the Treasure Bay Casino in Biloxi Ms. I have 2 of each the $10. and the $40 and I am selling 1 of my $40. and 1 of my $10. But the one that you are asking about in my auction IS a $40. token. Thank you for your interest.

I thought that the seller had just used the wrong picture in his auction.