Can Anyone Provide History On Albert W. Ault Token?

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I bought this token or Encased Coin out of sheer curiosity on eBay, not digging hard enough myself to get information about it, hoping members here would know the history. I don't think is that old, because the front has what feel like a plastic plate covering a cut out of the US 5 cents part of Franklin & Washington souvenir sheet that the US Postal service issued around 1967? I saw two other eBay seller has listing for the Washington 10 cents with the same inscription Encased Coin. (These are expensive comparing from the seller I purchased from.)

Only guessing that the institution in Cincinnati is doing a advertisement in financing loans and will considerate expensive stamps and coins as collateral?

Image of seller photos. Thanks for any info.

Edited by macmercury
02/27/2021 8:47 pm

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From another auction listing

ALbert W. Ault was the maker of most of the encased postage stamp tokens of the late 1940's and early 1950's along with another maker named Rosholm

The CIPEX souvenir sheet that was the source of that imperforate 5¢ stamp dates from 1947. The address on the reverse (Cincinnati 2, O) would've been valid prior to late 1963 when postal zip codes and the current two letter state abbreviations came into use. That gives you at least a window for when this item was made.

Thanks dar76124 and Lucky Cuss,

I used to collect stamps up to my early 30's, and got more interested in numismatic, but when I saw this and the price wasn't out of line. I pick it up, looks nice next to my US# 1, still have my early US stamps.

I believe the originals had CLEAR MICA for the "window". And were also smaller, with some of the stamp covered by the metal.

CHeck it out, VERY similar: https://coins.ha.com/itm/encased-po...ption-071515

Do a search for SOLD "encased postage"... TONS of examples to show you what the originals looked like. If you have an account, you can also see what they sold for.

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