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In 40-something years of studying the Albert H. Albert book on American Uniform buttons, I'm pretty familiar with the various "emblem" buttons in it. Because there doesn't seem to be an American military button whose emblem includes a "central" octagon surrounded by a floral design, apparently your button is a civilian usage "Flower-button." The Kendrick & Co. Waterbury backmark's time-period is circa 1830s, which puts it squarely into what button-collectors call "the Golden Age" in the manufacture of extraordinarily ornate goldplated brass buttons.
Thank you CannonballGuy and fyrffytr! I appreciate the responses!I do think it is a civilian fashion button and would date to the mid to late 1830s when Kendrick & co. was active. Here is what McGuinn and Bazelon have in their book "American Military Button Makers and Dealers; Their Backmarks and Dates".
"Kendrick & Co., Waterbury, Ct. Button makers c. 1830s, Probably the same firm as Ives, Kendrick & Co., composed of Green Kendrick & Ambrose Ives."
The reason I date the button to the mid to late 1830s is due to its two piece construction that first appeared during that time frame.
I see that TCG posted a reply quicker than me. You can take his word for it.
Thanks Antiquarian, going back today so wish me luck!Nice find Noah.
My first thought was civilian as well, great info provided by TCG and fyrffytr1 offered above.
Great sites finds, love all of those 'holed' LC's!
Dave