Metal Detecting find! Need some help. : )

Found this copper token while Metal detecting near an old cellar hole. I also found an 1838 Large cent. It's looks like copper, weighs 3.37 grams and is about the size of a Nickel but thinner. It also, as you can see has denticles around it.
The location was down an old dirt road with two cellar holes nearby is an old farm field.
Also found is this Button.
What do you all think it might be?

 

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505 - for the token.

That's a riddle for y'all