Item is octagonal, roughly 3.5" across, with uneven sides of 1" to 1.75" each. The item looks cut out by hand. A red knotted string is attached through the "H" in STEEPLECHASE. Numbers 1-31 are surely punch card spots representing days of the month for ticket punching purposes.
Obverse-- caricature (2"h x 1.25"w, beg. 1" from top) (red, pink, navy blue) of man with toothy grin in tall white stiff dress collar with red strip tie and red/blue jacket is central figure; "50c" (0.5"h x 0.75"w) (navy blue) on the left and right of caricature; "GEO. C. TILYOU'S" (0.25"h x 1.5"w) (navy blue) (line 1) and "COMBINATION BADGE" (0.125"h x 2.125"w) (navy blue, bold) (line 2) above the caricature; and "STEEPLECHASE" (0.125"h x 1.5"w) (navy blue, bold) (line 1), "THE" (0.125"h x 0.375w) (navy blue, bold) (line 2), with the first three letters of the first word on line 3 cut off, showing " NY PLACE" (0.125"h x approx 1.5"w) (navy blue, bold).
GEO C. TILYOU'S
COMBINATION BADGE
50c (caricature) 50c
STEEPLECHASE
THE
NY PLACE
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