I found a little on this at this ANS link: http://www.numismatics.org/cgi-bin/showobj?accnum=1966.148.12. I can't find much beyond that, though. I know Washington was born in 1732 (thus the "bicentennial" thing?), but that's about it. Any historians out there, I'd sure like to know more about this event. Thanks.
Don't know anything about it. But I like IT ! I am sure someone here does though. Is that medal Copper or silver?
My best guess, Ed, is that it's nickel or steel. It's circulated, I'm sure it's been wiped off, at least, at some point, it's worn, and it has a hole in it. As such, I don't feel too panicky about handling it, and spinning it. The sound, when it comes to rest, is too light to be silver, and too heavy to be aluminum. Definitely not copper, tin or bronze, either. Funny how the ANS link has it minted in New Jersey. It flips side-to-side (notice the hole)...i.e., unlike a U.S. coin. Here are some slightly different lighting conditions and hopefully clearer images. It's definitely true to the pictures, it's gray. Beyond that, all I know is, the Bears were at Wrigley then.
It should be listed in H & K's So-called dollars. I just learned that I don't know where my copy is. I'll look again later.
Got room for another Ed? I don't have much to add to the linked site's info, but I do have a little. The site listed Baker 937, which was for issues made in bronze. Baker 937A is the same token, but made of Nickel/B (plated), and there is also a baker 937B that used white metal. The site listed the issuer as Whitehead & Hoag Co., of Newark, N.J., but my book lists that company as the entity that struck these issues, not the actual issuer. While values were given for many of these Washington birth bicentennials, the Baker 937 series have no values given. Similar tokens were generally in the $20 -$75 range for uncirculated, with just a couple being higher. The orientation in flipping it side to side is known as "medal orientation". Nothing is said about being holed as issued, and the example in the ref. photo does not have a hole, so at least some exist without holes. Some other similar series were issued with holes. My opinion is that yours was issued with the hole.