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Herman J. Brand trial piece? He submitted a design that the Secret Service rejected. The 1/4 is cut over 1/2 in the die.
This is the obverse of a lead token bearing the initials IW. There is just the possibility of a legend, but not that convinced. The I is barred which may well mean it should be read as a J. These initials are those of the issuer presumably. Diameter 26mm. W. 7g. Thickness 1.5mm.
The piece is a metal detector find I have been asked to I.D. It has come from the Lune Valley in Cumbria. Recorded by the Portable Antiquities Scheme under LANCUM-9BBDE1
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