El Cortez Silver Strike Token 2006 7th Anniversary Red Cap Limited 500

Description

El Cortez Casino Silver Strike Token
7th Anniversary
Silver Strikers Chapter
June 28- July 1, 2006
Established 1999
Red Cap
Limited Edition 500 minted
Smooth Edge
Approximately .60 Oz of Silver (according to William Cohenour's Comprehensive Nevada Silver Strike Reference Catalog)
S Mint Mark (Sunshine Mint)
Case/Capsule measures approximately 2 ¼  inches in diameter
SSC#: EClvnv-038- Red Capsule
Purchase 4 or more at the same time and receive Free shipping.
Front/Face -
Center: El Cortez Hotel & Casino, S mint mark, .999 Fine Silver
Rim: Limited Edition Ten Dollar Gaming Token, Las Vegas, Nevada
Back/Reverse -
Center: 7th Anniversary, June 28-July 1, 2006, Established 1999
Rim: Limited Edition Ten Dollar Gaming Token, El Cortez Casino
Please look closely at the photos as they are part of the description.  There are photos with the case off and with the case on to show the true beauty, detail, and condition of the token.  The case may have some scratches typical to the tokens circulated through the silver strike machine, storage and handling. The token may also have some toning due to age.
"Blue Caps",
"Red Caps", and "Pink 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, play, and play it until this limited edition "Red Cap" token could be won.
Casino Collectibles & 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. Many casinos released strikes celebrating the lucky 7th anniversary of the silver strikers club.
El Cortez Casino History:
Located at 600 East Fremont Street in Las Vegas, NV, The El Cortez has been in operation for 78 years.  It opened on November 7, 1941 and is one of the oldest casino-hotel properties in Las Vegas.  The theme is Spanish Colonial Revival. In 1945, the notorious Bugsy Siegel, Meyer Lansky, Gus Greenbaum and Moe Sedway bought the property.  In 1946, they sold it back to one of the original owners J. Kell Houssels.  In 1963, Jackie Gaughan purchased the property.  Gaughan lived in the El Cortez's tower penthouse and was known to be on the casino floor daily.  In 2008, Gaughan sold the property to Kenny Epstein, a longtime friend and business partner.
Fun Fact #1
:  Jackie Gaughan lived in the hotel and played poker in the poker room until his death on March 12, 2014.
Fun Fact #2:
On February 22, the El Cortez was placed on the National Register of Historic Places.
Fun Fact #3:
The location of the El Cortez was originally considered too far from downtown to be successful.
Fun Fact #4:
Urban legend is that there are ghosts and people buried in the basement of the El Cortez.... Jackie Gaughan paid for the funerals of a number of employees over the years - some of their erns are stored in the basement. (said by Kenny Epstein in an interview)
Fun Fact #5:
When Jackie purchased the El Cortez in 1963, he inherited the care of Mobster Irish Green, who did right by Bugsy Siegel and was put up in the El Cortez for life.
What is a Silver Strike?
A Silver Strike is a Limited Edition Gaming Token which is won from a special slot machine and is in a protective plastic holder. People from all over the world collect, buy, sell and trade these unique gaming tokens.  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 .  Older Silver Strikes have a higher silver content.  As the price of silver increased, the amount of silver decreased.  Today, most strikes are Clad, or brass with heavy silver plating.
Feel free to ask any questions.
Thanks for looking... Silver Strike Club Member # 055
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