This token is in pretty great shape. I’d grade it between XF45 and AU58.
The obverse shows a duo of racers in a canoe, holding double ended paddles. Their right arms / paddles are raised in unison, as the left side of the paddles bites into the water. Their canoe is angled both toward the viewer and away to the right, so that it (and they) are presented in 1/4 profile. The legend “CANOEING” runs from 11:00 to 3:00. The date “1984” is below a horizontal bar at 6:00.
On the reverse, the central motif is a pattern of 5 5-sided stars created by horizontal interference bars (the 4th star is defined by negative space) over 5 olympic rings (interlocked, left to right). From 8:00 to 4:00, the legend inside the rim reads clockwise: “Games Of The XXIIIrd Olympiad Los Angeles 1984”. The ‘denomination’ of “. SCRTD FARE .” runs from 7:00 to 5:00, counterclockwise.
Identification code: ???
Mint Mark: n/a
Country of origin: The US, presumably
Composition: Unknown (aluminum brass, perhaps?)
Other details: There were several different varieties of these made, both in gold color and silver color. Many different Olympic events were commemorated, including: Archery, Baseball, Basketball, Boxing, Canoeing, Cycling, Equestrian, Fencing, Field Hockey, Gymnastics, Judo, Pentathlon, Rowing. Shooting. Soccer, Swimming, Team Handball, Tennis, Track & Field, Volleyball, Weight Lifting, Wrestling, Yachting, and the Los Angeles Olympic Entrance Gate.
I have a partial set, and will try to get more of these interesting tokens uploaded and logged here as time permits.
Estimated Value: $5 to $10 in XF-AU condition. If memory serves, I bought this as part of a large lot of tokens for around $1.25.