From the research I have done I believe that my coin is actually a telephone token from early 20th century Chicago, Illinois.
The questions I have are:
What is it worth?
What does the lettering ”E-32” mean?
Why can I not find anything like it online?
I have found some similar tokens, but nothing with ”E-32” engraved on it and none without an arrow.
Does anyone have any information of this? Anything would be appreciate! 
Note: The front and back are identical.