Token/Tag ID help

[AugustMoose87]

Found this up in Chaffee County, Colorado near an old mining/ghost town site. All I can make out is "10" and "Monarch" on one side, and nothing on the other. My initial research hasn't turned anything up, so thought I'd share here. Thinking it could be a store/saloon token, or maybe a miners tag? Though I'd think a miners tag would have a hole so it could be hung

 

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[jeff of pa]

Yes Not a Tag, But Scrip is Possible. So Is Slot Machine Token.

 

[No gold in NY]

I also was thinking of script. Companys sometimes paid workers in this script and it was only good at the company store.