Nickel

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.