Oil Exchange saloon token, Good For 5¢ In Trade, circa 1890s.
(Probably) brass, holed, 21.15 mm, 4 g (0.14 oz.). Neither medal turn nor coin turn; approx. 90 degrees.
The example above was borrowed in June 2006 from an agent of Fred Holabird (Fred Holabird Western Americana, pre-Kagin), for the purpose of photographing it. This example
was presumed unique until a second, lower-grade example turned up in January 2018 (below).
There are two known types of Oil Exchange tokens:
Oil Exchange Newhall / Good For One Drink (Kappen Newhall-8); and
Oil Exchange Bar / Good For 5¢ In Trade. This token is unlisted in Kappen; however, the Kappen supplement associates a maverick "Oil Exchange"
token with Newhall — meaning, there exists an Oil Exchange token that doesn't bear a community name, and it's from Newhall.
Originally Powell's Palace Saloon when downtown Newhall reestablished itself at its present location in 1878, the Oil Exchange bar was located on the
west side of Railroad Avenue just south of 8th Street. See this image for orientation.
Example found in January 2018. This color is truer. Click image to enlarge.
LW2346: 9600 dpi jpegs from digital images of borrowed token (2006) and second example purchased 2018 by Leon Worden.