I think its a KG111 Penny Token minted in 1806 or 1807 at the Soho mint in London. Some had the same reeded edge you have nugget. They were 34mm and weighed 18.9 grams. are you able to weight it? if you still have it?
This unknown is very similar to yours but i think its a half penny token from the same Soho 1806-07 mintage
diameter 29 millimetres - Weight 9.29.8 grams,
http://www.treasurenet.com/forums/t...in-slanted-edge-reeding-two-silver-items.html
It looks almost identical to yours
To clean Pennies. Try tomato sauce. it works remarkably well for copper and bronze coinage in poor condition.
If stubborn add a pinch of salt to the sauce, rinse and dry. takes from 5 min to a few hours depending on the condition, temp etc.
Disclaimer* if you can see a date, check before you clean.
Silver i soak in cloudy ammonia, then hit it with a wet sodium bicarb slurry, rinse and dry. I soak silver till they just start to turn the ammonia green. Dry sodium bicarbonate it will scratch the coin really badly. Post 1946 need a 1/4 as long in ammonia to start to bleed.
Silver thats just tarnished and in pretty good nick. boil water chuck a sheet of aluminum foil in stick the coins on top and sprinkle bicarb in it and hey presto shiny silver again, in a few seconds.
Kindest Regards
Phillip