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1854-dated California Gold Token, Indian Head – Wreath #5, 12 Stars, Round, ~11.9 mm, NGC MS-64.
This matches Mike Locke’s CalGoldCoin.com listings under Wreath #5 (slender laurel wreath with paired leaves and berries, “CALIFORNIA” above and “* GOLD *” below). It is catalogued as a 1854 Indian variety with 12 stars (similar in style to related wreath pieces). The ~11.9 mm diameter is typical for the round half-size tokens. These are private California jeweler souvenir pieces (often gilt or low-fineness gold).
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