Mills 5 Cent Slot Machine Value Guide

This 1930s Mills 5 Cent Slot Machine is a quintessential example of an American trade stimulator, featuring the whimsical 'Barney's Premium Points' theme. These mechanical marvels are highly collectible because they were specifically designed to bypass era-specific gambling laws by offering redeemable points instead of direct cash payouts.

What Is Mills 5 Cent Slot Machine Worth?

The typical price range for Mills 5 Cent Slot Machine is $1,200 - $1,300 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The functional condition of the internal mechanical gears and the smoothness of the lever pull.
• The preservation of the 'Barney's Premium Points' theme paint and glass, which significantly impacts aesthetic appeal.
• Completeness of original parts, including the back door, lock, and internal coin box.
• Market demand for 1930s trade stimulators, currently placing this model in the $1,200 to $1,300 price range.

How to Identify Mills 5 Cent Slot Machine?

• Verify the presence of the original Mills Novelty Co. cast-iron housing and internal mechanical components.
• Check for the authentic 'Barney's Premium Points' graphic display and period-correct 1930s typography.
• Inspect the coin entry for a genuine 5-cent nickel slot configuration consistent with early 20th-century US designs.
• Look for the original wood base and metal casting combination characteristic of Mills manufacturing standards.

History of Mills 5 Cent Slot Machine

Coin-operated slot machines originated in the late 19th century, with the "Liberty Bell" machine by Charles Fey in 1895 often cited as the first true slot machine. Early machines were mechanical marvels, rewarding players with chewing gum or cigars due to gambling restrictions. The machine pictured appears to be a "trade stimulator" or an early novelty slot, designed to bypass gambling laws by offering prizes or points redeemable for goods, rather than direct cash payouts. The "Barney's Premium Points" theme is a classic example of this era, aiming to entice players with a playful and whimsical design.