Expert: Ronald Fern - 3/17/2010

Question
I have come across a coin/token that I have never seen before. It is the size of a penny, and on one side it says T.F. McDermott Chicago and on the other is says Box Trade A Specialty. It also has what appears to be a Spot of silver in the middle covering 5cent in trade on one side and a possible address on the other. I am just curious as to what this is and does it have any value?
I would appreciate anything you can tell me.
Thank You

Answer
Hi Jill:

Thanks for giving me the opportunity to answer your question.

I'll answer your question as best I can, If you want to attach a photo and ask a follow up question, I'll revise my answer or add to it as warranted. I spent a lot of time searching the web, but didn't find too much information. I was going to refuse the question, but felt that maybe I could at least give you another area to contact or search. Here goes.

Your token was likely struck around the mid-1950's or later. It was likely a token given as a reminder for the type of product the company made, but was not of any value for trade purposes. It was a type of "business card". Your piece is a Bi-Metallic US Trade Token.

I checked ebay listings under the Exonumia category, both current and past, and found nothing. You may want to check this in the future.

I did find a reference for your token in this link: http://wbcc-online.com/tokens/us_tokens/ustradec.htm
You can find out more at: http://wbcc-online.com/

My best guess it that your piece may be worth $5 to $10, but condition as well as quantity minted and collector interest would determine final value.

If you live close to a local shop, they should offer an opinion as to it's value and if it is authentic at no charge. Remember, should you choose to sell your token, get at least two estimates from professional coin dealers (PNG). I've listed a link for you to find them in your area. Link: http://www.pngdealers.com/dealersearch.php

Dealers normally pay between 50% to 60% of retail for items they want.

Please remember to go to the experts site to rate this answer. And check the nomination box on the rating page below any comments you may have.

Thank You and Good Luck in your collecting.