Elizabeth 1, Phoenix Badge
Medallic Illustrations 1, published in 1885, states:
This medal is rarer than generally supposed. It is always cast and often chased. Modern chasings in silver, well executed, sometimes occur. Evelyn, assigns, without stating any reason, this piece to 1574. The dress of Elizabeth is less decorated than usual, and in this year she issued a proclamation condemning excess of ornament. The legends intimate apprehension for the Queen's life, and at this time the plague raged with some violence in London. Van Loon supposes it to commemorate the Queen's death, but the legend is as applicable to mortality as to death. It was probably worn as an ornament or badge by those who were personally attached to the Queen.
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Id:5501 Q:0