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<p>[QUOTE=&quot;doug5353, post: 2138524, member: 73555&quot;]WAG = a monetized token to ride the very earliest New York, Boston, or Philadelphia public transportation (horse-drawn trams), and encased because it was so easy to lose a loose 3-cent piece.&nbsp; Just a guess.</p><p><br /></p><p>All public transport in New York was &quot;surface&quot; until the first underground lines opened in 1904, although elevated trains had begun service around 1868-69.&nbsp; I seem to recall that fares began at 3 cents.</p><p><br /></p><p>The NYC Transit Authority might know more if you sent them an image.&nbsp; The telephone tokens of other countries have holes or cut-outs to simplify storage and counting.</p><p><br /></p><p>I doubt that anyone would use such a cheap, ugly metal in a pendant; I think it was designed for commerce, and, convenience.&nbsp; The item looks professionally-made and mass-produced, not a one-off.[/QUOTE]</p><p><br /></p>

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