It's hard to miss this coin. The giant hole in the middle makes it very unusual. These were minted by the British about the time they were leaving India in 1947. The Portuguese were there until 1961.
These coins are worth very little. There were hundreds of millions made and many are still around due to their unique characteristics. But, as is often the case in coin collecting, there is a twist.
Here are the normal catalog values:
These nice-looking coins from Thailand honor ruler Rama IX. Circulated specimens are worth very little (less than $1 US dollar), but a lustrous uncirculated coin like the one in our picture can snatch several US dollars from a collector's pocket. eBay is a good place to look for coins like this.
Starting in 1983 the UK standardized the 1 pound coin as shown in our pictures. The bust of Queen Elizabeth changes after 1983, and the reverse side changes from time to time. All the coins you find in circulation are made of nickel-brass and are worth face value: one pound in the UK. You can use xe.com to figure exchange rates between currencies of various countries.
In addition to the business strike coins produced for circulation, the Royal Mint also produced proof coins for collectors. You can see the sharp difference between the proofs and business strikes by considering our secondary picture. Four the the coins are proofs; one is a business strike. It doesn't take a rocket scientist to see the difference!
Well, Kimberly, you have created a little stir. Your token is found at a few places around the Internet, but none of these places have any significant information about it. Even the mighty Token Catalog, with over 420,000 individual listings, does not record this piece. So far, your item is a mystery. Here is more info:
1. From the lettering on the token, it probably does not date all the way back to 1879. Such lettering was used on tokens in the early half of the 1900s, so a more reasonable date would be from that time.
This is a modern coin made of brass. All dates are of low value, but a nice-looking specimen like the one in our picture might sell to a collector on eBay for a few US dollars.
These coins, minted in stainless steel, not silver as Monique has assumed, generally are worth only a dollar or two US. Some of the earlier dates, before 1962, can bring catalog values of about $100, but only if in fully uncirculated condition. Dates after 1962 are generally not very valuable even in pristine condition.
Use our Important Terminology page to understand what 'catalog value' means. It is an inflated value.
Dates with high catalog values in fully uncirculated condition are:
Zimbabwe in Africa was a British colony until recently. It was called 'Southern Rhodesia' until 1965. The British coinage from 1934 to 1954 bears the name of monarchs George VI and Elizabeth I. There are a few dates minted in bronze. Most are minted in copper-nickel. Values are the same regardless of metallic composition.
Collectors like these coins because they come from a place most people have not heard of. Typical catalog values run like this:
Arcades are prevalent today, but they are certainly not new. The computer-generated, full-immersion, nerd's paradises are new, but not arcades in general. And they have used metallic gaming tokens for a long time.
The token in the picture was sent to CoinQuest by Brandon. A member of the World Internet Numismatic Society identified it for us as a token from the now-defunct Aladdin's Castle chain of gaming arcades. If you stop by a gaming blog, you will see that many *older* gamers (25 and older!), remember Aladdin's Castle with great fondness. Apparently Aladdins's Castle has been taken over by Namco, who is celebrating the 30th anniversary of Pac-Man this year.