This is a classic early-to-mid 20th-century "Maverick" trade token.
Obverse: THE CLUB (flanked by small diamond accents top and bottom)
Reverse: GOOD FOR 5¢ IN TRADE
Material: Brass / Bronze alloy
In exonumia (token collecting), generic tokens that lack a town, city, or state name on the face are classified as "Mavericks."
Because "The Club" was a widespread name for saloons, card rooms, billiard parlors, and cigar shops across the United States during the late 1800s and early 1900s, standard dies like this were produced by token manufacturers (such as C.H. Hanson of Chicago or Moise-Klinkner Co. of San Francisco) and sold off-the-shelf to local business owners who didn't want to pay extra for custom city/state dies.
While unattributed "THE CLUB" mavericks exist nationwide, tokens with this exact layout and reverse die design frequently surface in:
Pacific Northwest & Intermountain West: Many unlisted 5¢ "The Club" trade tokens originate from tavern/cigar store setups across Washington, Oregon, Idaho, and Montana.
Most of the items I sell are estate finds, and are presented to you in, as is, as found condition. They are described to the best of my knowledge. Some wear is to be expected, unless described as flawless or mint. I cannot know everything about every item I offer, I do inspect each item and list all known flaws or damage. So please take a good look at the photos and ask questions if need be. If You buy multiple items from my store, YES, I do combine shipping.