The three letters "U.L.F." may stand for the "Universal League of Freemasons".
Interestingly, from what I can glean in search, the U.L.F. seems to believe in the
spread of Freemasonry, as a kind of "new world order" & appears not to be completely
in line with mainstream Masonic philosophy. ( I do not claim to know what is or isn't
Masonic philosophy.)
Quoting from "Is It True What They Say About Freemasonry? The Methods of Anti-Masons."
Letter 18, 3.G Morris to Sampson (December 29, 1995)
http://www.scottishrite.org/web/SRpublications/deHoyos-chapter6.htm
"The U.L.F. is a "clandestine" organization, membership in which usually results in
expulsion for regular Masons. I know of no regular Grand Lodge that acknowledges the
U.L.F. The question of whether membership in the U.L.F. proves one is a Mason is similar
to the question of whether membership in the Mormon Church proves one is a Christian.
It is my understanding the U.L.F. will accept anyone who claims to be a Mason."
U.L.F. arcana may shed some light on the background & interpretation of your coin.
Deeper research might reveal more specifics about the U.L.F. I have only found sites
that speak in generalities & say nothing about organizational origins.
If you keyword "Universal League of Freemasons" a few references show up but they are
vague, mysterious & decidedly international. I haven't included any other links because
I didn't find anything that provides a definitive history, timeline or names, etc.
Also though, keyword "Universal Freemasonry" & a lot of curious citations come up that
may elucidate the U.L.F. Specifically with regard to Gen. Albert Pike, Sovereign Pontiff
of Universal Freemasonry. Pike espoused some unusual ideas that may not have sat
comfortably with solid Christian Masons.
As your coin certainly looks to be 19th century I might assume that it may be associated
with the U.L.F. in that time frame.
Some of the above may explain why this Masonic coin appears to be sort of quasi-Masonic.