In the game of Monopoly, a token is a small object that a player uses to represent their character on the board. The most common tokens are an IRON, a thimble, a shoe, a top hat, a battleship, a car, a wheelbarrow, and a Scottie dog. The IRON is a four-letter token that is used to mark a player's position on the board. It is one of the original tokens that was included in the first edition of the game.