These tokens were issued by the U.S. government for the use of the Midwesterners who relocated to Alaska as a part of the Matanuska Valley Colonization Project, to supply them with much-needed federal aid. They were redeemable only at the AARC stores. The “Bingles”, as they were called, were in use only about six months during 1935 and 1936, after which they were redeemed for regular U.S. money and destroyed. They were issued on a basis of family dependents. Each token is similar in size to the corresponding U.S. coin, with the exception of the on-cent piece, which is octagonal. The design is the same on both sides of each denomination.