Lazarus Gottlieb Lauffer Wm. and Mary Jeton

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I just picked-up this Lazarus Gottlieb Lauffer Wm. and Mary jeton in a collection.
Obv
Conjoined busts of William and Mary right
GVLIELMVS ET MARIA REX ET REGINA
Rev
Crowned shield of Great Britain within garter
(HONI SOIT QVI MAL Y PENSE) RECH PF COVNTER LAZ GOTTL LAVFR
19mm
I have only seen these minted in brass, and this one appears to be silver, or maybe pewter?
Any ideas? Has anyone else seen one of these in a material other than brass?
Referee for Pre-Euro Ireland
It is a Nuremberg jeton/counter token, made by one of the Laufer family:
http://www.ukdfd.co.uk/pages/nuremberg-jetons.html
It is 'english style':
http://www.ukdfd.co.uk/ukdfddata/showrecords.php?product=1515
Non est totum quod splendet ut aurum
Rijkdom bestaat niet uit het hebben van veel bezittingen, maar in het hebben van weinig behoeften

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