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<p>[QUOTE=&quot;Troodon, post: 4025668, member: 4626&quot;]People collect these all the time (especially people that are or were in the military).&nbsp; Not all of them are connected with the military, but that&#039;s the origin of them.&nbsp; At one time if you were in a unit you could be &quot;challenged&quot; to produce the coin you were supposed to have; failure to produce it subjected you to some type of penalty (doing pushups or something similar).&nbsp; These days they&#039;re mainly just used for the sake of expressing unit pride.&nbsp; At some point outside of the military a lot were produced for sake of pride in companies or clubs having nothing to do with the military, as mementos, thank you gifts, etc.&nbsp; My guess is probably former military members spread the tradition to the civilian world where it started to catch on for similar reasons to why it was popular in the military.</p><p><br /></p><p>I&#039;m not sure what collector value they have; presumably some, but most have purely sentimental value for those people connected to what the coin is meant to commemorate (perhaps there is more value to older coins commemorating famous historic units).&nbsp; Rarity is very hard to determine, as I doubt anyone is bothering to keep track in any systematic way.&nbsp; So short answer, they&#039;re worth exactly what one is willing to pay to someone that is willing to sell (unless they&#039;re made with precious metals, in which case they do hold the intrinsic value of such metal).&nbsp; They&#039;re certainly collectable though.&nbsp; My dad (retired US Marine) has an extensive collection of such and we recently gave him a display case as a gift to display them all.[/QUOTE]</p><p><br /></p>

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