First National Bank Encased Wheat Cent Token Appraisal

First National Bank Encased Wheat Cent Token

This item is a vintage encased coin, specifically a United States 'Wheat' Lincoln Cent embedded within a circular aluminum ring. The aluminum encasement features embossed text on the obverse that reads 'FIRST NATIONAL BANK' at the top, 'GATE CITY, VA.' below that, and 'BRANCH AT WEBER CITY' along the bottom. The central coin shows the reverse side of a Lincoln Cent, clearly displaying 'ONE CENT' and 'UNITED STATES OF AMERICA' flanked by wheat stalks. The piece measures approximately 35mm in diameter. The aluminum border shows significant surface wear, with scattered dark oxidation, light scratching, and areas of golden-brown patina or staining, particularly in the recessed lettering. The central copper coin appears heavily circulated with a dark brown, weathered patina, making the specific date on the other side difficult to determine from this angle, though the wheat reverse indicates a production date between 1909 and 1958. These items were popular mid-20th-century promotional give-aways and pocket charms, often touted as 'lucky' pieces. The craftsmanship is typical of industrial embossing from that era, with clear, blocky lettering meant for durability rather than high artistic detail. The overall condition is good for a handled utility token, showing honest wear consistent with age and use as a pocket piece.