looks like a coin?

thedukeofdelaware

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Apr 20, 2017
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Delaware
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At first I thought this was just a penny, but I don't think that's the case. It's slightly concave (or convex, depending on how you look at it). It's slightly smaller than a penny. There are wavy lines on one side, and I can't make out anything on the reverse side. Any recommendations on cleaning it are appreciated, does anyone know what it is?
 

looks like a flat button with the shank broken off to me
 

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I think there is writing but I can't make it out. Any cleaning tips?
 

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