The token is one of the many produced by the Brunswick-Balke-Collender Co., or BBC. Sometime around 1874 they started selling tokens to businesses. They may have produced some of these tokens themselves, but many of them were produced by other companies. The least expensive tokens were those with the company's stock reverse that listed the company's name and usually a picture of a pool table. This was an effective means of advertising the BBC name as well as the local establishment. BBC also sold custom tokens without mention of their company name at a higher price, but these are not distinguishable from those of other manufacturers.
the reason behind the tokens.
read this page:
http://www.chicagocoinclub.org/projects/PiN/cut.html
brunswick made these trade tokens from the late 1800 till early 1900
There are tokens from each stage of brunswick (before H collender and Julius Balke joined). this is one of the earlyest and rarest of them all.
The tokens are worth something: 5cent, 10cent, a sigar, a free drink, or other things. People used to gamble with them in the poolhalls. each put up a token, and the winner gets them. this way if you are a good player, you could play and drink all day using these tokens to pay for it.
I'm not a big token collector at all, but I bought one to add to my brunswick collection, then bought another, bought a book about it, and... well needsless to say im trying to collect one token of each reverse from all the different periods. even if most collecters are interested in the origin of the token (salloon name, state etc), i dont mind collecting mavericks, as long as the pooltable or design in the front is in perfect condition.
tokens can go for 1$ and can go for several 1000$... I own around 20-25 tokens. Im close to finishing all the tokens from the J.M. Brunswick era, and almost half way on the brunswick company era. some are VERY VERY hard to find. OF this token, i only know of 2 salloon's that used them in the whole USA, and beeing over 100y old, you do the math
i might never finish my collection, but well.. thats the fun of collecting right?
here is a token with a antique pooltable on.