This particular type of token has been found all over the country, leading me to believe that they were sold to merchants who were in too much of a hurry to have "custom" tokens made for their business. I wrote up a detailed bit a year or so ago in the Tokens & Tags Forum. In some cases, merchants were sold a "system" of bookkeeping whereby they used tokens to give credit to their customers rather than depending on a complicated ledger book. The system would have the merchant give credit in one even-numbered chunk, say $5 to Joe Blow, but Joe would get $5 in various denominations of tokens. Then Joe would be responsible for keeping track of the tokens, and the merchant would profit if Joe lost them. Typically the system would stamp out an assortment of denominations with the merchant's name and location, but since that would take up to a month to accomplish, these generic tokens may have been used in the interim. The downside is that there might be another merchant in the area also using them and either store might be called on to accept them.
John in the Great 208