Overview
This is a set of four vintage brass trade tokens featuring a distinctive central hole, issued by an establishment named 'The Eagle' in Clear Lake. The obverse reads 'THE EAGLE / CLEAR LAKE' and the reverse reads 'GOOD FOR 5¢ IN TRADE' with small decorative cross accents. These pieces served as local merchant currency, offering a fascinating glimpse into the micro-economies of early 20th-century American towns.
Story
In the early 1900s, Clear Lake, Iowa, was a bustling resort town where local merchants issued their own brass coinage. These tokens kept customers loyal to 'The Eagle'—likely a lively local saloon or billiard hall—by ensuring their change was spent right back at the counter.
Maker / Origin
While the specific manufacturer of these tokens is unlisted, they were custom-struck by specialized token and medal diesinkers, likely based in Chicago or Cincinnati, who supplied thousands of small-town merchants across the Midwest with personalized trade currency.
Condition & Value
The tokens show a natural, dark aged patina with minor surface dirt and light wear consistent with actual circulation. The lettering remains sharp and fully legible; cleaning them would diminish their historical value and appeal to collectors. Value is driven by regional exonumia collectors who specialize in Iowa merchant tokens.