Brass ring
A brass ring is a small, grabbable ring that a dispenser presents to a carousel rider during the course of a ride. These dispensers are filled with a large number of iron or steel rings and a single or a few brass rings. The rings can then be tossed at a target as the carousel rotates. Typically, a brass ring can be traded for a prize, which is often a free repeat ride. Although they were standard features for carousels during their heyday in the late 19th and early 20th centuries, brass ring dispensers are now rare. The figurative phrase to grab the brass ring is derived from this device.