I have 6-lead volcano button with 250 VAC (originally it was in Bally/Midway cab), same as FrizzleFried's. I use two NO (normally open) for button/credit press. From my inspection, I see no solder residue on the two in the center (out of 4 in a row). Other two sideways would be the led light. They are right in the center, so they look like led leads anyway.
The two center leads (out of 4) would be for circuit always closed and you open it when you press the button.
Ps. You have to use resistors to reduce current to these leds. Search this site here for other posts like this.