I found this yesterday....

If you look carefully on the back, there are two sets of what look to be solder marks at the 3 and 9 clock positions that indicate this may have been made into a ring at one point and the "ring part" came off. Either that or it was attached to something else at those two points.
 

Thank you everybody for your input. I was hoping I found a "once in a lifetime" treasure but hey it is still cool. I figured somebody used wooden tools to punch the face through but a press does seem to be more feasible. Hey... wasn't altering coinage illegal back then?

Thanks for the help!
Ryan
 

Beautiful find-- Congratulations!

Altering coinage has never been illegal in the U.S. What is illegal is removing metal to diminish its value and then passing it as full value, or producing a facsimile and passing it as the real thing. But then, Congress did that when in 1965 they replaced silver coinage with the clad we use today.
 

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