These are very attractive for telephone tokens - nice design.
By the way, non-ancient Hebrew text ALWAYS means British Palestine or Israel - learning to recognize the distinctive letters is always an advantage when it comes to attributing coins, tokens, banknotes and stamps.
A piece with a slot like that is almost always a telephone token. I was talking with a Turk the other day about Turkish telephone tokens of a similar design (intended to prevent slugging), which were used partly because of the rapid inflation. Apparently the trick they used to use was to "cast" fake tokens out of ice!
Everyone, thanks for the reply! It was with a bunch of other Israeli coins but since there was no english lettering on it, it was hard to figure out. Thanks again!
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