Any idea what this button is?

[cgdigger]

Looks foreign to me. Couldn't find it in Alberts.

 

[TheCannonballGuy]

You did not provide a photo showing the button's back, which is often highly important for correctly identifying it. But, in the one photo you posted, there appears to be rust-crust peeking out from the back along the button's edge. If it does have an iron/steel back, that means it is a cheap "Fashion" button, made for use on civilian coats and jackets, with a fancy-looking emblem to make the coat/jacket look more expensive than simple plain buttons would.

Besides an iron back, other characteristics indicating a civilian "Fashion" button are the cheap weak detail in the coronet (which is not a Royal Crown), and the stippled background around the emblem.

All of that having been said... I think there IS a foreign Coat-of-Arms (or Airline logo) which shows a six-point star above a set of disembodied wings on a shield. Can't recall which country though. Might be Central or South American. My computer died, so I am currently unable to search through my image folder of Foreign-button photos.

 

[cgdigger]

Thanks Cannonball. Yes, the back is a bombed out mess, which leads me to think that your cheap fashion button diagnosis may well be correct.

 

[TheCannonballGuy]

I did some searching for you at the Waterbury Button Company website. I found a button very nearly exactly the same as yours (same emblem, slightly different positioning) in the Fashion buttons section, here:
Our Products: Fashion: Crest Shield
About 1/4 down the webpage, look for "Pebbled shield":
Crest Shield - Waterbury Button

 

[cgdigger]

You are correct - that's the exact design. You're good! Now how about that other button(?) I posted today!