What is it ??? | Coins & Paper Money

jpgharv29 · 2025-11-06T15:48:57.102000Z

Hi all, Can someone please help me ID whatever this object is? The obverse (although very worn) appears to have the bust of a Morgan silver dollar dated 187? (cannot decipher the last digit) and the reverse has what appears to be an anchor at center, surrounded by an illegible text (possibly a motto of some sort?) and a twelve spoke ship's wheel. The piece is quite heavy at 38+ grams and made of solid white metal (lead I believe?). It's size is roughly 1-5/8 inches. What is it? Can you all please help? I'll most appreciate your time and thoughts!

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