Engraved commemorative gold-filled or rolled-gold presentation pin/brooch

This appears to be a small decorative commemorative jewelry piece, likely a brooch, pin, or presentation badge. It has an ornate scalloped and rope-like border with a polished central cartouche engraved with the inscription 'Capt. T.E. Grandin / From / Old Cob / January 21 1886.' The style is consistent with late 19th-century sentimental or commemorative jewelry, possibly made as a presentation gift or memento. The elaborate border and hand-engraved lettering suggest period craftsmanship rather than modern machine production.

Commemorative jewelry and presentation pieces from the Victorian era are historically interesting because they often document personal relationships, military or civic honors, and local history. The named recipient and dated inscription may make the piece genealogically or regionally significant even if the intrinsic metal value is modest.