First side appears to show a shield, quartered, with arms, or perhaps a castle with windows; the other side is just odd...
The appearance including rust suggests a steel or iron alloy, or some very low quality billon silver.
- EAC - TNA - SSDC
Specializing in 1932-1964 Washington quarters
"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis