In the context of gambling, the term nickel refers to a casino chip that carries a value of $5 USD. The chip takes its name from the American 5¢ ($0.05) coin.
Another term for this chip is a “Red”. This name comes from the fact that, traditionally, $5 casino chips were red in color. Nowadays, this is not always the case as manufacturers offer casinos and home gamblers a wide variety of chip color choices.
White, red, and blue chips are associated with low rollers as they are most often used for placing small bets.
Classic Casino Chip Colors:
- $1: White
- $5: Red
- $10: Blue
- $20: Grey
- $25: Green
- $50: Orange
- $100: Black
Nickel:
- A $5 USD casino chip.
