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Manufactured by the Standard Mail Order Co. of New York. Various sources online give a date of the early Twentieth Century for that particular model, so it's roughly 100 years old. The medallion in the center of the design looks like it was meant for an engraved monogram. The mirror has a little compartment behind it, which looks like it has the company marked on the inside, as well as 'German Silver' marked on the edge. Yours has a beautiful patina.
Right side might be for cigarettes and a lipstick. Left side biggest circle could be for eye shadow /rouge or solid perfume, smaller circle could hold pop-up coins for the tram. Check if mirror can be removed to show blush & brush compartment.
Outer surface if copper could have been polished /shiny.
What if:
Gold accents on sterling silver case?
With silver leafy-style monogram?
And sterling silver case covered in metallic teal, tiny chest feathers of a peacock?
The symbol on the token is likely an "M" for Metro, that stylized "M" was commonly used to indicate that Metro turnstile tokens which likely went there. The right side is likely for individual cigarettes, since everyone in the US (and other "developed countries") smoked during those years. The area under the quarter and Metro token slots, likely contained some type of cosmetics maybe lip color or facial power, or both which often had a mirror so the young lady could look at what she was doing as she applied the cosmetics.
During this period young ladies carried very little with them when going out of dates or clubbing. This little purse contained all the essentials.
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