Moved this to "Coin Chat". Those who might possibly know more about this piece do not necessarily check the World/Ancient forum. Christian
Well it is a Civil War Token, one of the Patriotics series, obv die is 226, rev die is 321. The 226/321 comes in copper and brass. Yours appears to be copper. It is listed as R-4 so it is a little better than average. Civil War tokens uses a 10 step scale and R-4 on that scale is 201 to 500 pieces estimated to exist. (This would be R-3 on the Sheldon rarity scale which is probably the most commonly used scale.) As the patriotics are anonymous there is no way to know who issued it or where. There may be a way to know where it was manufactured but CWT's are not my specialty. Both of these dies are "stock" design dies. There are ten different dies of the obv design (219 - 226A) and 36 Army & Navy dies (296 - 331, but only 10 with the star and glory at the top of the wreath, 320 - 328) If either of these dies came paired with a Storecard die we could possibly learn more about your coin but I don't have the references needed for that.
Both of these dies are thought to have been cut by an unknown sinker who worked for the Waterbury Button Co. in Waterbury, Ct. wyvern. WBC along with Scovill Manufacturing Co. (also in Waterbury) made uniform buttons for Union soldiers during the Civil War. The similar workmanship, known intermulings, and stylistic similarities between a large number of CWT dies, including this one, has led researchers to tentatively assign them to WBC. A best second guess would likely be Scovill. Bruce