Funny thing, memory. I was 3 years old in 1953, and don't recall the time before tokens. Yet, until just yesterday I thought the original "small Y" tokens were 10 cents, rising to 15 cents maybe ten years later. Obviously, I was wrong.
Subway tokens came to be when the fare went to 15 cents in 1953. Previously a nickel then a dime, when the fare went to 15 cents it was cheaper to have a token minted rather than change the turnstile mechanism to accept 2 coins. Having to put 2 coins in the turnstile would've also slowed down entry points.
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What was your subway stop?
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