I went to a home site that has been producing 1700 to late 1800s relics. I dug two eagle I buttons, two thimbles, a couple flat buttons and this tag that says scholarship miss lizzie wilson class of 1878-79. At first i thought it was a CW id tag. It's still very cool. Thanks for looking.
Excellent find
Assuming it was an award from a school graduation, I wonder if you can find yearbooks from area schools that were in existence in 1878.
The research begins,, Congrats