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Nice find. The medal you have is called the "miraculous medal" and was first made in 1830. Do you have more pieces to the rosary or just that?
HH
Here is some history on the images:
The History of the Miraculous Medal
http://www.catholiccompany.com/miraculous-medals-c564/The Front Side - On the front of the Miraculous Medal, Mary stands on a globe, representing the earth, with a crushed snake under her feet. This image represents Mary's role as "Queen of Heaven and Earth". The snake represents Satan, who was defeated by Mary's obedience to God. The rays coming from her hands symbolize the graces Mary gives to those who ask her. The year 1830 commemorates the year that the Blessed Mother appeared to St. Catherine Laboure.
http://www.catholiccompany.com/miraculous-medals-c564/The Reverse Side - On the reverse side of the Miraculous Medal is a cross and the letter "M". The cross represents Christ's sacrifice for our salvation, while the bar under the cross stands for the Earth. The "M" stands for "Mary" and her true devotion both to Jesus and to her children on Earth. The two hearts are the Most Sacred Heart of Jesus and the Sorrowful Heart of Mary. The entire image is surrounded by twelve stars. The stars can represent both the twelve Apostles and the verse from the Book of Revelation, "a great sign appeared in heaven, a woman clothed with the sun, and the moon under her feet, and on her head a crown of 12 stars" (Revelation 12:1).