I've bought some land recently that had some old houses on it , and I been clearing the land were they we're and I popped out my first for the year and it's in pretty decent shape for a 1944, thanks for looking,found it with my Golden umax about6" down. AC
Looks like an Alabama state tax token. Probably the holes were made to make it into a toy. I don't recall whether it has a name, but you put strings through the holes, then get it started winding the strings by spinning back and forth. Terrible explanation - somebody jump in and describe it better.
John in the Great 208