Tom Casper writes:

I agree with Dick Johnson's assessment; yes - many watch fobs are numismatic. Some fobs and medals were struck with the same dies, both obverse and reverse, while others were struck uniface for fobs. Careful examination will show that the fob portion was removed from the medal. In other cases, careful examination will show that the medal was struck without the fob attachment.

The loop for the AYPE piece may have been incorporated in the reverse die since it is not present on the obverse die trial. An example of an integrated loop can be seen on the Medallic Art die for the McCormick Reaper Centennial medal (H&K 460). I have not seen the McCormick medal with a loop, so I suspect they were trimmed off when the medal was finished, although they could have been retained when needed.

Gene Brandenburg writes:

Joe Boling writes:

To read the earlier E-Sylum article, see:ARE WATCHFOBS NUMISMATIC?(www.coinbooks.org/esylum_v16n14a17.html)