Question Mystery Coin or button or pin?

Hi Guys,

I saw this coin,badge or pin as part of an upcoming auction.
They sent me these photos but haven’t really answered what it is.
They said it looks like a coin got turned into a badge?
I was hoping someone here could I.D it please?
I can make out the 1939, but that’s it.

Cheers,


Click to enlarge the picture


 


 

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