Tinker's Damn Definition
Origin of Tinker's Damn
However, this is just polish added to an old phrase, as not worth a damn predates the use of tinker's damn. The reference to tinkers was added for emphasis and colour - tinkers were known for swearing, so a damn from a tinker was particularly worthless. Also, it was a way, as with "Fudge" or "Geez Louise" or a million other soft-core curses, to avoid saying the actual word "damn" while pronouncing the word "dam".
From Wiktionary
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A popular etymology is that tinkers used a small piece of dough or clay, a dam, to stop the flow of solder until it solidified. The dam was single-use, and was thrown away afterwards as useless.
From Wiktionary
Probably from the reputation of tinkers for cursing
From American Heritage Dictionary of the English Language, 5th Edition
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