Rarity makes value!

Few of these counters still exist. Most were worn out completely by continual use in the saloons of towns like Deadwood, and Dodge City, They are rare in any condition, but higher grade specimens like this are rare in the extreme. Tokens like this were used by gamblers in the Old West as “Counters”, or chips while playing cards. Doc Holiday, Wyatt Earp, Bat Masterson, even Jesse James may have used this counter in a friendly game of poker. This appears to be the five dollar denomination