Lyric discussion by Tamaranis 

Cover art for One Tin Soldier lyrics by Me First and the Gimme Gimmes

Well, the soldiers who fight in wars definitely aren't "tin soldiers." They're brave or hateful of full of bloodlust but they aren't cold or heartless.

I think what the One Tin Soldier, signifies, Orph, is that there is no winning. He's on the victorious side, but he's hollow and he's gained nothing. So he just rides away and it comes off as being sad and broken.