Looks like a trade token, all right. Probably a pool check in the pool hall of someone whose initials were I. N. The problem, of course, is determining who/where/when it was. It is not listed on tokencatalog.com - if you can get better closeups, it might be worth posting there. You could also check local business directories for the period 1920-1950 and see if you can find someone with those initials in a business that may have used this.
John in the Great 208
yea i have tried searching for the initials numerous times with no avail. Im also not exactly sure if it is from around our area this is something my father inherited from my grandfather so no telling where it really came from. i will snap some better pictures tonight if i can. thanks again