Your medal/token has a bullion value .of whatever metal it is made of. Possibly more to a collector of Reagan stuff
If it is sterling silver, it would theoretically be worth 92.5% of the current silver price (i.e. bullion value), call it approx. $12.50 per ounce. As hontonai state, it may be worth more to a collector.
A picture as well as the size, weight and content might help in determining what it is and what it might be worth! It sounds like something minted by a Private Mint or like some of the Medals, Tokens, etc. that comes from the Liberian Mint. Frank
http://cgi.ebay.com/1984-Ronald-Rea...135911952QQcmdZViewItem?hash=item200135911952 http://cgi.ebay.com/Ronald-Reagan-D...135588647QQcmdZViewItem?hash=item220135588647
I never knew that AA issued medals - I always thought that all they did was hold meetings and exchange first names.