Not a good picture, is that SPQR across the shield. Senātus Populusque Rōmānus (The Senate and People of Rome) appears on Roman coins, but this is not an Ancient. We'll probably need pics taken out of the 2" x 2" to give you a better idea.
Also possible that the fourth letter is not an R, as other European cities (after the fall of Rome) adopted the phrase and abbreviation for themselves: SPQL in London, SPQV in Venice, etc. Of course, the city of Rome still uses SPQR in its civic arms:
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