I can read "NIPA" to the upper left of the hat. It looks like some type of commemorative token with a colonial gent. Penn had a few of something like them for centennials and bicentennials. Is it brass?
Ye it definitely says "NIPA" top left; but I cant make out antyhing else other than the colonial suited guy. The rear of the coin is completely destroyed. I dont think its brass; I found it on the beach, if it were brass it would be green. I held a magnet to it and it has no magnetic attraction.