See also https://asiamedals.info/threads/japanese-imperial-navy-table-stand-anchor-with-horseshoes.25056/.
Obverse
明治三十九年五月一日 - May 1, 1906
水交社晩餐記念 - Suikōsha Dinner Party Commemorative
reverse marked with a maker's mark
宮本 - Miyamoto [Shoko] https://asiamedals.info/threads/history-marks-and-badges-of-miyamoto-shoko.19512/
and silver hallmark
純銀 - pure silver.
Obverse
明治三十九年五月一日 - May 1, 1906
水交社晩餐記念 - Suikōsha Dinner Party Commemorative
reverse marked with a maker's mark
宮本 - Miyamoto [Shoko] https://asiamedals.info/threads/history-marks-and-badges-of-miyamoto-shoko.19512/
and silver hallmark
純銀 - pure silver.