A long shot for ID.

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I found this a while back but it showed no clues as to what it was apart from the raised lines on one side. It is made of copper alloy and about 23mm diameter though very thin.
Today I gave it a rub with a brass brush and more detail appeared including lettering though not easy to read. Lettering on left starts JO.
Three main raised lines, Is that a ship on the left?
Possibly a medallion though the orientation seems off between sides.
Any ideas?
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I was thinking a medallion based on the sectioned off piece at the bottom with writing
But its certainly had a hard life thats for sure fella
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