I had a request to review this medal that was recently sold a a well known auction website.
This is a Freemasonary medal. The design elements aids in identifying it (dates, ship name, Hawaii, etc…). Specific details in the design element meaning can be found at https://en.wikipedia.org/wiki/Royal_Order_of_Jesters
If it’s not listed in Medcalf & Russell, it should be in the next update of the Faternal Medal section. (One of the best ways to share the numismatic hobby is to gift the Medcalf & Russell book to those who are interested in the hobby. I gifted my book this past Sunday and have not obtained a replacement at this time).