1925-1935 AD., Germany, Leipzig in Saxony, C. M. Schwarz GmbH., Gaming Machine Token.

Germany, Leipzig in Saxony, C. M. Schwarz GmbH., ca. 1925-1935 AD.,
Gaming Machine Token (ø 20,7-21 mm / 3,52 g), brass, axes medal alignment ↑↑ (0°), plain edge, center hole ø 8 mm, octagonal shape (8-sided),
Obv.: C. M. SCHWARZ G.M.B.H. / LEIPZIG W.33. // WERTLOS NUR ZUR UNTERHALTUNG / D.R.G.M. , around center hole, dotted border (D.R.G.M. = Deutsches Reichs Gebrauch Muster ) .
Rev.: C. M. SCHWARZ G.M.B.H. / LEIPZIG W.33. // WERTLOS NUR ZUR UNTERHALTUNG / D.R.G.M. , around center hole, dotted border.
http://tokencatalog.com : TokenCatalog #281594 .

Tura Automatenfabrik Gmbh, of Leipzig, Germany. Advertising flyers also exist showing the Mfg as C.M. Schwarz of Leipzig. This manufacturer changed its name from C.M. Schwarz as it moved away from licensing foreign machines to only producing domestic games.
http://aa.arcade-museum.com/Automatic-Age-1932-07/Automatic-Age-1932-07-113.pdf ; http://www.antik-automaten.de/wbb2/thread.php?threadid=1301&threadview=0&hilight=&hilightuser=0&page=1