Yes, it would help if we could see the other side of this medal. I've been collecting medals since the 90's, and those dates probably have nothing to do with when the medal was produced. ~ Chris
medals are for about anything. sports clubs have them produced, Cities, community groups, about any organization can have a medal produced for any type of scenario (not from the US Mint, there are many companies that produce medals). We'd need to see the other side which hopefully would give more info if you don't have any more info. what's on the other side ? how much does it weigh? what are it's dimensions - thickness and diameter ? I would guess it's some City, Township, etc medal as it was "settled" and then "founded". Plus the main text is about the Community. Such as this quick search - it has a "settled" and "instituted" dates.
i don’t have a scale at the moment but it is pretty heavy. Heavier than a silver dollar. Thicker than a regular coin.
It's not a coin, it's a medal. One that the city of Watertown, New York had made to give to people in the community for good deeds.
I love it. I’m from near there, in Florida now. Not sure when I can go back due to the medical problem. Might sell for 10-20 dollars. Local interest only