Good token. It’s what’s known as ‘Orco scrip’ and was produced for the Jackson Brothers of North Carolina by Osborne of Ohio.
During the 1910s-1920s Jackson Brothers Railroad and Lumber Co. (who had been hauling timber and laying railroad tracks in SE Carolina) began buying land in the area for timber clearance. Around 1922 they took over a mill on Butler’s Pond and laid out a settlement nearby for their workers on land purchased from the Long family in the SE corner of North Carolina. They called the community “Long’s Wood” (after the original land owners) and by 1925 it was known as “Longwood”, with a population of about 500 people. The settlement included a company store at which employees could spend ‘scrip’ tokens paid to them as part of their wages. Jackson Brothers remained in the area for around 10 years, pulling out in the early 1930s.
On the other side of the token it says “Osborne Register Cin. O.” which is for the maker of the token… Osborne Coinage of Cincinnati, Ohio, America’s oldest private mint. The Arabic-like lettering between the “10” and the “Patent Pending” says “Orco” in cursive script. In 1920 Osborne purchased Murdock Stamp and Specialty Co. and in 1924 the Insurance Credit System and changed their name to the Osborne Register Company with the trademark “ORCO”. Orco scrip tokens were the best, with a claim that they were “counterfeit resistant”. This is from Osborne’s website:
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