This is an excellent restrike by Spink & Son who made the original medal. It carries the word "COPY" on the rim. Refers to an official, well-made restrike of the rare Royal Niger Company's Medal. Spink & Son of London. Later re-struck a limited number of specimens using the original dies.
To protect numismatic integrity, these official historical restrikes were explicitly. Stamped "COPY" on the rim. Please ask if you have any questions.