Henry VIII, silver medallion, struck in Germany. 59mm, 82.6 gr.

REX ANGLIE, bearded bust facing three-quarters left, 
wearing cloak, ornate costume and broad hat, date 15-26 
across fields.
SECVRITAS ALTERA, crowned portcullis on two chains.

Engraver: Hans Daucher.
Grueber "Medallic Illustrations", 17; Habicht "Die deutschen Schaumünzen des XVI Jahrhunderts", 56

Illustration from ANS Museum Notes 1958.