Wikipedia: Robert E. Lee, nicknamed the 'Monarch of the Mississippi,' was a steamboat built in New Albany, Indiana in 1866. It was named for Robert E. Lee, General-in-Chief of the Confederate States of America, and the steamboat gained its greatest fame for racing and beating the then-current speed record holder, Natchez, in an 1870 steamboat race. The boat's owner was Captain John W. Cannon.
We usually value such tokens by averaging auction results. With this token, even though it is surely a modern piece manufactured well after 1870, we found only one auction result. Averaging is difficult (right!) in this situation.
Coupling the auction result with our knowledge of similar items:
worn: $1 US dollar approximate catalog value
average circulated: $2
well preserved: $6
fully uncirculated: $20
These are the approximate catalog values. Please refer to our Important Terminology page to properly understand catalog values.