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After several up-and-down periods in the slot machine industry, Bally arrived in and essentially took over slot machine production in the s. Chris Foster. One book serves as the go-to guide to help avid collectors identify the best machines to purchase. Collectors look for coin slots on top of the machine or near the arm. Next Page.{/INSERTKEYS}{/PARAGRAPH} This tradition goes back to the mids with saloon owners in San Francisco. The visual appeal of slot machines varies, says Cherry Restorations. Future editions expounded on trends. Approximately 20, people collect these vintage machines, and the market continues to evolve. Three bells paid 20 coins, while two horseshoes plus one star earned a customer four coins. Mechanical arms appeared on the left side, with the name of the machine and the manufacturer front and center. Share on Facebook Pin. Later models after World War II had lighter-weight materials on the outside, such as molded sheet metal of various colors. As such, antiques remind us of a glorious past while looking forward to better things in the future. The first recorded use of a slot machine occurred in San Francisco in when Gustav Schultze invented a game called Horseshoes, notes Collectors Weekly. Online sellers and auction companies list prices for antique slot machines, so potential buyers can observe real-time price trends based on sales and price ranges. Supply and demand drive current values, according to Mead Publishing Company. Bally also invented the first machine to accept five coins as payment with the in Vintage slot machines have several characteristics for collectors to watch for as they try to find the real deal. If you want to walk down memory lane a bit more, check out other great stories from Dusty Old Thing. Gamblers won a free drink for the joker spot. Connect with Us. The nickel slot machine spun around a mechanical wheel, and if someone landed on any of the 10 horseshoes, that person won two nickels. Many of these contraptions sat on tabletops. Values of coin plays ranged from the popular nickel slots up to 25 cents. The other 14 symbols did not win anything, but the novelty of the slot machine grew quickly. {PARAGRAPH}{INSERTKEYS}The draw of slot machines include the sights, sounds and fun of dropping coins into a machine while watching and waiting for a big payout. In , Fey manufactured around machines called Liberty Bell. This machine had a cast iron arm, a solid metal case and a horizontal window that showed pictures on three mechanical reels. Potential customers can also look to restoration companies that restore antiques as a way to add beautiful slot machines to a collection.