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  1. #1
    Join Date
    Aug 2010
    Location
    Wisconsin, USA
    Posts
    151

    Default Good for 5 cents in trade Keyhole saw

    No, I'm not selling a keyhole saw for 5 cents

    I picked up this Warranted Superior keyhole saw at an estate sale and it had an interesting "washer" on it.

    IMG_7177.jpg IMG_7178.jpg

    IMG_7182.jpg IMG_7180.jpgIMG_7181.jpg

    I've researched these tokens and I think the hole is supposed to be there. Apparently, they were used as a way of giving discounts at different types of stores, They were also used to get around gambling laws by paying slot machines in tokens instead of nickels. Officially, any "winnings" were used to buy merchandise at the shop, but if you were a regular customer, you could unofficially trade them in for real money. The number on the reverse side was used to match up with a gambling machine.

    Anybody ever seen these before? Any other strange fixes you've discovered?

    Regards,
    Dave

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  3. #2
    Join Date
    Feb 2007
    Location
    blue mountains
    Posts
    4,882

    Default

    Similar to tokens paid to miners as in "I owe my soul to the company store"
    Nice saw BTW
    Regards
    John

  4. #3
    Join Date
    Dec 2012
    Location
    vic
    Posts
    97

    Default

    cool token, have one that looks the same dated 1930 used on the St Kilda pier - Melbourne.
    seen old coins used as washers on all sorts of old stuff.
    scrounger

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