This coin was found with a metal detector in a corn field. I've had a couple people tell me it is a button, however it is a not a button because it has writing all over the back of it, as well as some letters on the front. Also the holes are too crude, it looks like it may of been MADE INTO a button at some point. On the left side of the front, you can make out the letters "R A" to the left of the pot/basket. I found this very close to my house. This area used to be a town, and I have exhausted many efforts to identify this coin, including showing it to over 30 dealers. It means so much to me, that I am offering a Morgan silver dollar to ANYONE who can correctly identify (not guess) what this coin is. It is almost the same size as a quarter. Highly edited photo, but you can make out lettering across the middle.
"Again"? Did you ask about this before? Can't help you with this one, Timmy, but do wish you luck. Oh, and...
At the 10 o'clock position, some letters are readable. Can you write them down, in order? The only really clear one is U. Actually, as I look closer, letters on both sides.
Try placing a piece of paper over it and then lightly rubbing it with a pencil and see if you can make out the letters if they show up on the paper.
Using my excellent artistic skills (not really), I made a rendition of the front of the coin. The coin appears to depict a potted plant. I don't really seen any handles. Now I also want to add..a lot of Irish and Swedish people lived in this area, so there is a small chance the coin could be from Ireland or Sweden.
The last thing I would have done is used an eraser, what ever it is, I am not sure how much numismatic value it has left.
I have no idea what your piece is, but you shouldn't rule out a button just because it has writing on it. I have a button that I believe was given out during Andrew Jackson's presidential campaign. Oh, and I bought it because I thought it was a coin or token of some sort.
Here's an example in better condition than mine. http://www.worthpoint.com/worthopedia/antique-political-button-andrew-jackson-president
And the thickness, dime, penny, nickel, more? I could be way wrong, but a quick scan through Krause does not show any "holed" coins from Ireland or Sweden. I am leaning toward a token of some sort that you'll never identify, even a parking or bus or communion token. I'd be willing to bet the piece was not struck with either hole, the main hole is off-center, and that just doesn't happen, and the edge hole obviously roughly drilled.
During the 1800's many buttons were made from coins by punching two holes through the coin. When someone lost a button, it became convenient to simply manufacture one to replace it.
I don't think these help, and perhaps you've even already experimented with various filters in GIMP, Photoshop, etc. But here they are cropped and color-inverted. If nothing else, it makes me feel like the Predator (infrared?), or at least someone with some sort of enhanced super-vision ;-)
For abuckmaster: absolutely, yes. Twenty years ago, I bought a collection of around 75 different coal company-store tokens (and a few lumber), and broke them down and sold them piece by piece. Most, but certainly not all, are from West Virginia or Kentucky, so it would be useful to know what state the item was found in. Thinking back, I'd say at least 10% to 20% were holed or slotted for convenient storage of a known amount on a wire or template. But the two holes in the OP's item were obviously added later. One more point, through Inter Library Loan, I was able to get an extremely-rare illustrated catalog for 3 weeks, no charge, not even postage. You don't have to BUY the book, it's out there in some Podunk library, waiting to be requested online.
The dimension is exactly that of a quarter. It is too mangled to read a thickness, but side by side..it is just slightly thicker than a quarter, almost as thick as a nickle.