This small cap about the size of a nickel and about 1'4 inch tall has the words Pay Day on it. It appears to be made of tin and is very fragile. I've searched around but I can't find anything on it.
Thanks! "On Saturday, February 18, 1922, a U.S. federal trademark registration was filed for PAY DAY J.C. PENNEY CO. UNION MADE LOT SIZE by J.C. PENNEY COMPANY"