I ended up getting in touch with King County and they provided me with the following details regarding the transit token I found last week. Seattle Transit was the predecessor to today's Metro Transit. It provided service between 1939 and 1972. The token was issued as a convenience for travelers and this version of the token was distributed between 1940 and 1948. In 1949, the stylized name Evro. M. Beckett, was removed from the bottom of the token. Evro Beckett was one of the three original original members appointed to the Seattle Transit Commission.
Thanks to Sarah Driggs from the Department of Transportation for digging up this info!
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