Preliminary identification
Photo reference
2 uploaded photos
Overview
This is a classic brass trade token featuring a central hole punch, reading 'GOOD FOR 5¢ IN TRADE' on the obverse and stamped with the serial or inventory number '348' on the reverse. These tokens functioned as local currency, issued by merchants to secure customer loyalty or manage store credit in rural and industrial communities.
Story
During the early 1900s, small-town merchants faced constant coin shortages. They minted custom brass tokens like this one to keep local economies moving, ensuring that change given out would be spent right back in their own shops.
Maker / Origin
While the specific merchant remains anonymous due to the generic design, these tokens were typically manufactured by specialized stamp and stencil works, such as the Osborne Register Company or Meyer & Wenthe, who supplied local businesses across America.
Condition & Value
The token shows a beautiful, authentic chocolate-brown patina consistent with age and handling. There is minor surface wear but the lettering and stamped numbers remain completely legible. This honest wear actually enhances its historical appeal.
Full Research
Sold comps, value drivers, and venue guidance pulled from recent auction results.
Build on this identification
Layer in sold comps, value drivers, and venue guidance.
Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.
Best Venue
Specialty auction or a focused dealer with buyers already in this lane.
Signed example with light edge wear and original frame.
Comparable format with stronger provenance and cleaner surface.
Smaller related piece with visible craquelure and trimmed margins.
Period match with softer condition and weaker subject matter.
Close market lane comp with similar material and presentation.