Torrance Transit System token, described as a "Balanced City CA One Fare Arcade

Purpose: These tokens were historically used as a method of payment for a single fare on Torrance Transit System buses in Torrance, California.
Usage: They were used in lieu of cash fares, with some sources indicating they were equivalent to a $1.00 bus fare at one point, although this would have varied over time as fares changed.
Historical Context: While some transit agencies started using tokens in the 19th century, they became more widespread in the second half of the 20th century as a way for agencies to easily adjust fares without changing coin-operated fare boxes, and to unify fare systems across consolidated private operators.
Current Status: Like many transit tokens, they have largely been replaced by modern fare payment methods such as the TAP card system used by Torrance Transit today. While no longer accepted for fare payment, they are now primarily collectible items.
System History: The Torrance Transit System itself was established in 1940, initially providing bus service