It was patented in the U.S. in the 1930’s and it was also patented in Canada about the same time. It was called Put A Penny Coin by the Put A Penny Coin. In Rochester, N.Y. It was used by Muir Drug Stores. You were handed the green cardboard disk, which is a little bit bigger than a silver dollar. You placed a cent in the slot and we’re supposed to return it to the store. The cent in mine is dated 1936 and it’s in great shape as you can see.
I wasn't around in '36, but I do remember getting big chunks of pink bubblegum for a cent at the drugstore. I wonder what was available in 1936 to purchase with a one cent coin. The nickel at that time bought quite a bit. Cool piece.
https://www.icollector.com/1836-1943-Encased-Cent-Put-A-Penny-Co_i8685583 "Return to store for valuable redemption"? https://www.worthpoint.com/worthopedia/lincoln-wheat-cent-put-penny-coin-493833876 Do a Google search put-a-penny co.
We had both Newberry and Woolworth in downtown Hagerstown when I was a little kid, and I'm thinking that one or the other had "five and ten cent" in its store name, or maybe my parents were just still calling it that. By the time I was forming memories, there were lots of things there that cost more than ten cents.
Ben Franklin five and dime is the one I remember, although I'm not sure if "five and dime" was ever an official company or store name. They did have "5-10" on their storefronts. We just called it the five and dime, and everyone knew which store you were talking about. There was one nearby in suburban Chicago. They were everywhere.