United States Navy Silver Commemorative Token

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Today I wasn't sure if I was going to have time to finish up a post, but I managed to free up a couple of hours. I still do some side work that can keep me busy every now and then. I wasn't sure what to share today until I read @bozz 's post about a US flag controversy on social media. That reminded me that I had started a post some time ago about a silver token commemorating the United States Navy and inspiration finally arrived!

I have been a collector of coins and silver/ gold items for most of my life. About twenty five years ago I started to collect silver casino tokens that were paid our on Silver Strike Slot Machines. You used to find those machines in just about every casino around the world at one point, although now they are becoming as rare a unicorn. The tokens they paid out are great collectors items now, and I prefer to collect the ones from defunct casinos as a general rule. I made an exception on this one for a couple of reasons. One, it was in great condition and two, it features a branch of the United States Armed Services.

I served in the US Army for many years, but not in the Navy. Something about being stuck on a huge boat in the middle of the ocean just didn't sound appealing. But I have many friends who were sailors and enjoyed their time on the open seas. Here is the star of today's show:

About the token:

From silverstrikers.com

There are a few things I really like about this commemorative token. First off it has around 0.6 Troy ounces of silver inside the brass ring. Secondly it is of very limited production, only one thousand of these were produced whereas a standard Silver Strike token has no limits on mintage. And thirdly it celebrates the United States Navy. They also produced ones for the Army, Air Force, and the Marines as well, but I don't own any of those. Today I realized how little I know about US naval history, the other branches I know quite a bit. So I read up a little and put some highlights if your interested, but first a little about the Palms Casino Resort.

Palms Casino Resort


discotech.me

The Palms is located in Las Vegas off of the Strip on Flamingo Road and was opened in 2001. They had a star studded opening with Samuel L. Jackson, Charlize Theron, Joe Pesci, and Pamela Anderson to name just few. They also had Dennis Rodman in attendance, I might have skipped him if I was handing out invitations... The owner George Maloof wanted to make it the ultimate party hotel with movie theatres, night clubs, day clubs, and plenty of restaurants and attractions. In 2006 they opened the first Playboy Club in Las Vegas on site. However it only lasted six years before closing.

COVID hit them hard, and the majority of the casino had to be sold. Maloof still has a couple percent, but the majority owner is the San Manuel Band of Mission Indians. It is the first Vegas casino to be owned by Native Americans which is an interesting piece of trivia. I have never personally stayed there so I can't say how nice it is or isn't, but I do like my token!

United States Navy

The United States Navy is split into two categories historically, the old Navy and the new Navy. The old navy foundations came from the Continental Navy (1775-1785) that was used during the American Revolutionary War. After the war all of the ships were sold as the new nation couldn't afford the upkeep. The Navy first officially came into existence in 1794 with the authorization to build six ships, the most famous of which is the USS Constitution that was nicknamed "Old Ironsides". Not because it was actually iron, but the strong oak bounced off cannonballs during battles. It's still in existence today and is harbored in Boston, Massachusetts.


commons.wikimedia.org

The old Navy saw some action in a brief fight with the French in 1798 and in the War of 1812 (1812-1815) fought against the United Kingdom. It was during that war that the British Army burned down the White House. The Navy was expanded as the nation grew although lagging in technology behind European counterparts. The US Civil War (1861-1865) saw the first fight of steam ships and armor. After the war the Navy fell in decline until 1882.

In 1882 the "new" Navy sprang to life as new modern warships were built. The Spanish-American War (1898) although brief started the Navy to modernize and become what is the Navy today. World War 1 led to a massive expansion of the Navy as the US entered the war. Aircraft carriers and submarines entered service at a rapid pace. After Japan attacked Pearl Harbor, Hawaii (1941) the US entered the second World War would start of largest expansion in US naval history.

The Cold War led to further expansion and modernization into the force we see today. There were more than 400 ships in service, but now has dwindled to 274 as less funding has been given for new ship production. China overtook the US Navy in total number of ships in 2020.

The largest and most advanced ship in the US Navy is the USS Gerald R. Ford, considered a supercarrier. These carriers are amazing to see in person, they are huge! Here's a picture of the vessel:


wallpapercave.com

That will just wrap things up for today. For a more inclusive history of both the Palms and the United States Navy I have included the Wikipedia pages under my references. Please feel free to leave any comments or questions below, and thank you everyone for all of your support. Have a great week!

References:

http://en.wikipedia.org/wiki/Palms_Casino_Resort

https://www.silverstrikers.com/Web/Catalogs/SilverStrikes/Nevada/PalmsLVnv/Palms-LVnv-Page-03.php/

https://en.wikipedia.org/wiki/History_of_the_United_States_Navy

Disclaimer:

All pictures are mine unless otherwise indicated

I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!

DUO token

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47 comments
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You received an upvote of 85% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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My dad was in the Navy, so this one is pretty cool for me. He probably wouldn't like it though since it is from a casino. He is funny like that!

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I'm glad you like it! Did he serve in the Vietnam era?

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Yes he did. He was stationed over there for a bit during his service.

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Sounds like you’re busy my friend, very nice navy silver token!👍
I was up at 5:30 AM this morning trading crypto watching the markets crash Lol!😇

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It was a good time to buy! BTC on sale very briefly!

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It was a brief dip, if you ever listen to Ivan on tech, he was saying it’s something to do with China dumping because of new developments with AI
Hmmmm……..Lol😇

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I didn't serve, but if I had, I would have joined the Navy. My image is more romantic than realistic. Basically the start of the first chapter of Moby Dick when Ishmael is rambling on and on about the appeal of sailing to sea.

That's a nice token!

!PIMP

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I prefer the beach to the open sea, and I get sea sick easily so it wouldn't have worked for me! Cramped living quarters, especially on a sub. I guess having toured retired versions of both when I was younger made it unappealing! The romanticized version I can understand, Moby Dick selling some beach front property in Arizona!

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That is such a pretty token, and it is limited to 1000 piece only.
Yep, Covid seems to hit hard on the hospitality industry, even here in my island, there are a lot of restaurant and hotel that was closed down during the Covid time.
!LUV !PIZZA !LOLZ

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Limited mintages can lead to profits down the road, but there isn't a huge collector market on these so it may not become really valuable. I still like it though. Glad COVID is long gone!
!PIZZA
!BBH
!LOL
!LUV

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Wow, you've got some seriously cool collecting stories! I can imagine the thrill of discovering those Silver Strike tokens, especially from defunct casinos. It's like finding hidden treasures that tell a piece of casino history.
And that Navy-themed token? Super special! Even though you didn't serve in the Navy, it's awesome that you appreciate and honor all branches of the Armed Services.
!LOL
!BBH
!LADY

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It's fun to find nice ones. It started in Atlantic City at a pawn shop, and since then I've picked them up when there are deals to be found. The defunct casinos started a few years later, I do collect some like this that aren't and from Laughlin, but those of Vegas past are the best!

I like the Armed Services items in silver, I spent twenty years in the Army (mostly reserves, but during the War on Terror that almost equated active duty...) Long enough to retire! Thanks!
!BBH
!LUV
!LOL

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Hello friend @thebighigg, it's always very interesting to read about the silver tokens and your history as a collector. It reminded me of my grandfather, who also collected coins and always had fascinating anecdotes about them. In a past post, I shared a photo of a coin he gave me that I still keep.

What a great fact about the USS Constitution and how it bounced off cannonballs! I had never read or heard about that story, and I find it amazing that it still exists in Boston. I was also surprised to learn that the San Manuel Band of Mission Indians is the majority owner of the Palms; I didn't know that.

!BBH

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The Constitution is still around 200 years plus later, but the wood has all been replaced over and over. Not much of the original is probably left!

Casinos are a tough business, you have to attract more people than your competitors. A stressful way to live as a business owner, but there is a lot of money to made!

Silver and gold are great to invest in, always a great idea my friend!
!BBH
!LOL
!PIZZA
!DOOK

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Nice piece of history. So that's where "Old Navy" come from.
!BBH

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I suspect the new and old probably comes from England. When Oliver Cromwell overthrew the king his army became the new army vs the old army. To this day the UK Army is the New Army, or Oliver's Army if you like songs by Elvis Costello!

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When I was little I can barely remember watching from a park on Burrard inlet and seeing what appears to be an aircraft carrier that barely fit under the Lion's gate bridge. I don't remember the name but thinking back this was only a small carrier but impressive.
!BBH

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Only a thousand? That's a very small print run.

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Very limited, which is rare in these. Hopefully down the road they'll be worth a lot more!
!BBH
!LUV
!LOL

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Hey there, your posts are very appreciated on reddit silver subs, i hope you don't mind i share them 😃

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I would really prefer not to be sharing my intellectual property if I am not being compensated for my efforts. These posts take hours to put together.

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(Edited)

Actually you are getting a part of the rewards from the share

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that's from your wallet. the more the post performs the more you get

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I'm still not interested to be honest, four cents isn't really getting reimbursed. Plus in the future I plan on using these post either in the original format or more likely modified in other endeavors and don't want the material floating around on Reddit. So please don't share my posts on Reddit in the future, thanks for understanding!

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(Edited)

Dude are u joking? Stop stealing content!

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it's not stolen, it's his post link shared and he's getting rewards for that

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(Edited)

https://www.reddit.com/r/Wallstreetsilver/comments/1iccb75/united_states_navy_silver_commemorative_token/
https://www.reddit.com/r/MetalsOnReddit/comments/1icczye/united_states_navy_silver_commemorative_token/
The rewards earned on this comment will go directly to the people( @davideownzall ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. Otherwise, rewards go to the author of the blog post.

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