I dug this token this past weekend in Iowa. I've done a little research and so far I found out that Bernhard M. Jacobsen was born in 1862 and died in 1936 ( one year after his golden anniversary). He was a congressman from Iowa during the depression.
I also found an article referring to his wife, Lena Trager Jacabsen.
I'm hoping to track down the family. Wish me Luck!!
It's SO cool digging finds like this!!