maybe some of you here can shed some light,
i recently came across an antique fraternity coin/badge (see photos), the company (DYER) is no longer in business (1890-2009) but a long term employee said it looked like one of theirs and that they did a lot of items for fraternities and societies.
it is (what we assume so far) a fraternity membership badge / challenge coin. it has been stamped overtop of an indian head penny (1860-1909).
i am having a tough time to sort out the history of it. perhaps some of the symbols are recognized? what does the text say/represent in the center of the shield?
any info greatly appreciated,