It's my understanding that these tokens were often used in early slot machines, or
trade stimulators, from the late 1800s and early 1900s. In jurisdictions where actual gambling for money or goods was illegal, you "gambled" for tokens as "prizes", and could later redeem the tokens for actual prizes - such as a cigar - at the store hosting the machine.
It's the origin of the slang phrase "close, but no cigar" - you'd pulled the lever to spin the wheels on the slot machine and it's
almost come up with the combination that wins the cigar - but "almost" doesn't win you anything.
Given the quasi-legal, or perhaps even downright illegal, nature of the devices, information about such tokens and their issuers can often be hard to come by.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis