This medal's obverse bears conjoined busts of Warner and Swasey facing left. Around edge, WORCESTER REED WARNER · AMBROSE SWASEY; in exergue, 1880 · 1920; signed in exergue under truncation, V.D.BRENNER
The reverse bears large telescope in observatory with two men seated to left and one standing on raised platform at ocular, and one at top of telescope mount. Around edge, THE WARNER & SWASEY CO. / CLEVELAND OHIO. U.S.A. / LICK TELESCOPE
The medal celebrates the 40th anniversary of the Warner & Swasey Company of Cleveland, Ohio. Warner and Swasey had worked together at Pratt & Whitney and cofounded their eponymous company in 1880 in Chicago. in 1881 they moved to Cleveland to be located closer to one of their major customers.
The company manufactured lathes and other metal working machines and existed as a subsidiary of Giddings & Lewis until 1992 when it was shut down. Before that it had been acquired by the Bendix Corporation in 1980, Cross & Trecker in 1984 and finally Giddings & Lewis in 1991.
A different version of this medal was issued ten years later, after Brenner's death. On that version, the year was updated and Warner's lifespan was added to the left of his portrait.
The medal measures 77mm in diameter and was struck in bronze. While the mintage is not reported and neither production records nor dies exist any more, a person who wishes to remain anonymous has done extensive research on this medal. He tracked all available auction sales and reports that no medal with a serial number higher than 297 has ever been sold. This provides a definitive lower bound and probably also a fairly reliable upper bound of ca. 300 for the mintage.
References: Baxter 142, MACo 1920-028