Abstract: A game chip storage and dispensing device having telescopically slidable inner and outer sleeves. First and second sets of flexible and resilient fingers on the lower end of the inner sleeve have inwardly extending lateral protrusions on their lower ends for engaging respectively beneath the lowermost chip in a stack of chips in the inner sleeve and the next chip above. When the outer sleeve is moved down along the inner sleeve, the first fingers release the lowermost chip and the second fingers hold the next chip above. When the outer sleeve moves back up, the second fingers release the next chip to drop onto the lateral protrusions of the first fingers.