I'd guess it's probably 1930's and was handed out by salemen to prospective clients. If true the attrition would be pretty high and account for the fact this is only the second one I've seen.
I agree with cladking that your item was likely handed out to prospective clients. In 1920 Wiley Osborne purchased Murdock Stamp and Specialty Co. and in 1924 the Insurance Credit System and changed their name to the Osborne Register Company with the trade mark ORCO. After Ingle Schierloh Co. ceased operations, ORCO eventually became the King of the scrip token business. In later years some states passed laws requiring companies to pay in U.S. currency each month. Coal companies side-stepped this law by paying in scrip for weekly or bi-weekly pay days and then cash at the end of each month. Finally, in the 1950s many states outlawed the use of scrip entirely and it soon disappeared from use altogether. So, it is hard to say exactly when your piece was made, but it would fall somewhere in the range given above.
