A jeton made in Nuremberg, Germany, probably by Laufer. Made around 1700 or earlier.
A Roman soldier (Mercury) standing with a spear in left hand, a torch in right hand.
AVT CAESAR AVT NIHIL / MAT LAV
To be Caesar or nothing / Matheus Laufer
A lady (Mother of Peace) standing (wearing a hat with a feather) on the right, left hand resting on a cornucopia (fruits of prosperity), and holding a palm in raised right hand. Trophies behind. Or it could be Mars standing.
MATER PACIS CONCORDIA / M LAV
Mother of Peace and Harmony / Matheus Laufer
so LAV may be LAUFER
Yes, here it is >
https://en.numista.com/catalogue/pieces143898.html 
