Well, the image of the back is a bit misleading - there really isn't a blob or elevated area on it. Thickness is 1-1.1 mm throughout. That said, given the state of corrosion, any shank or wire-loop attachment could well have broken/eroded off.
Thanks for all the input so far - if anyone can make something of that branch motif on the front, I'd be eager to learn about it. In the meantime I'll fire up the coffee-maker and start looking into colonial-era copper-alloy flat buttons....