I live in Hawaii, and found this token locally, but can find no mention of it. It is the same on both sides. It has one rim circle, and inside the circle it is stamped W on the north and south, and R on the left and right, with a five pointed star in the middle. I hope someone has some info on it.
Probably not a transit fair token as the only Railroad tokens from There are marked with the railroad name and good for one far on the reverse. More likely a store token of some kind. I couldn't find it in your states token catalog pages. You can check them again, http://www.tokencatalog.com/ And the other thing is it might not even be from your state or territory.