Help With A Possible Countermark On Pe-10-7

@JimmyD

I see the damaged beads too. Yes, almost definitely PMD.

I like counterstamps, overstrikes, etc. which is why I bought this one. Just need to figure out what it is.

Beneath the "MM" in COMMERCE, I can clearly make out the hindquarters (rear legs) of a horse, lion, unicorn or some similar heraldic animal.

If one is attempting to determine the source of the thing that made the impression into this token, I will just point out that it isn't necessarily another coin or token that leaves behind such an impression. It could literally be anything hard enough to not be crushed by having a piece of copper squeezed onto it.

That being said, I do nevertheless believe we have a numismatic match, with the Rutherford Brothers token from Newfoundland, Breton 953. Numista example. It has horses in heraldic poses, swirly stuff at the bottom, and the motto "PER MARE PER TERRAS"; your impression is a very good match for the right-side "PER TERRAS" side of the token being the origin of your impression. Now that one knows what to look for, one can even see the reverse-incuse "46" from the 1846 date, stamped into the rim.